From January to June 2010, the company realized operating income of RMB 996,922,700, a year-on-year increase of 36.17%; realized net profit attributable to owners' equity of the parent company of RMB 90,734,500, a year-on-year increase of 99.81%; and fully diluted earnings per share of RMB 0.39.
The substantial increase in net profit was mainly due to the upgrading of product structure and the increase in the proportion of private brands.
In terms of product structure upgrade:
1) The product diversification pattern was initially formed. The company has expanded the production capacity of new energy-saving lamps such as miniaturization, thin tube diameter and high power, and accelerated the upgrading of energy-saving lamps; and added metal halide lamps, high-pressure sodium lamps, and LED lighting.
2) Continue to extend to the upstream of the industry. In May, the acquisition of 50% equity of Hangzhou Hanguang was completed, and the expansion of high-pressure discharge lamps was realized. Zhejiang Yuanyang Company is expected to ignite trial production at the end of July to provide supporting raw materials for the company; Jiangsu joint venture company is expected to be 8 The registration of the month will solve the problem of insufficient production capacity of the company's lamps.
3) The product structure adjustment makes the gross profit increase. The consolidated gross profit for the first half of this year was 22.68%, an increase of 5.06 per 100 views.
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