Foshan Lighting earned a net profit of RMB 118 million per share in the first half of this year.

[High-tech LED News] Foshan Lighting (000541) In the first half of 2011, the total operating income from January to June was 1.095 billion yuan, up 32.87% year-on-year; the net profit was 118 million yuan, up 45.84%; the realized earnings per share was 0.12 yuan. Increased by 50% year-on-year.

Foshan Lighting pointed out that in the first half of the year, the domestic electric light source industry was fiercely competitive, and the prices of major raw materials continued to rise, and the pressure on labor costs and currency appreciation continued to rise. Among them, the rising prices of raw materials such as phosphor powder, solder wire, lamp holder and LPG squeezed the profit margin of products, and the price war and sales channel wars became increasingly fierce.

In this regard, Foshan Lighting timely adjusted production plans and changed product structure and specifications, accelerated the development and sales of new products such as EC030 and LED, and also increased product OEMs in a targeted manner, and continued to expand the second and third-line marketing networks.

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