Foshan Lighting's profitable growth last year is still uncertain

Foshan Lighting released its 2011 financial report. The company achieved a total operating income of 2.26 billion yuan, an increase of 15.59% from the previous year's 1.96 billion yuan; operating profit of 361 million yuan, an increase of 15.26% from the previous year's 314 million yuan; total profit of 355 million yuan, Compared with the previous year's 324 million yuan, the company increased by 9.53%; the net profit attributable to shareholders of listed companies was 292 million yuan, an increase of 10.57% over the previous year's 264 million yuan. Realized after-tax earnings per share of 0.30 yuan.

In 2011, the company maintained a good development in the main business of electric light source and lighting, and its sales and profits have improved. In 2011, the total output of light bulbs was 1.134 billion, an increase of 2% over the previous year; the main business income was 2.232 billion yuan, an increase of 15.19% over the previous year; of which export sales were 826 million yuan, an increase of 12.85%.

In 2012, the company's production and operation faced great difficulties. The European debt crisis was cloudy, the US economy was weak, and the export situation was not optimistic. Domestic monetary policy continued to tighten, real estate regulation continued, economic growth slowed down, and market demand declined. Prices continue to be high, and these will continue to increase the uncertainty of production and operation. In 2012, the company will adjust its product structure and accelerate the development of key products, especially to increase the development of LED lighting products.

In 2012, Q1's total operating income was 491 million yuan, a decrease of 34% from the previous year's 519 million yuan; the net profit attributable to shareholders of listed companies was 56.93 million yuan, a decrease of 15.84% from the previous year's 67.64 million yuan; basic earnings per share was 0.06. Yuan, a decrease of 14.29% from 0.07 yuan in the previous year.

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