Launched the “first shot†of Taihang Lighting. The net profit of Tailong Lighting increased by 18.07% in the first half of the year.
On the evening of August 24, Tailong Lighting (300650) released its first half of 2017 performance report. During the reporting period, the company achieved operating income of 122 million yuan, a year-on-year increase of 21.66%, and a net profit attributable to owners' equity of the parent company of 13.33 million yuan. , an increase of 18.07%.
Tailong Lighting said that during the reporting period, the company's management continued to strengthen R&D investment and management, improve product performance, and through a forward-looking pre-research on policies and markets, to carry out a rational strategic industrial layout, seize market opportunities, and protect While the business is running smoothly, the market in other segments is actively expanded, and the company's operating income has been further increased.
Tailong Lighting's main business is to provide integrated lighting solutions integrating lighting design, development and manufacturing, and system integrated services. The main products include lighting fixtures, LED display screens and photoelectric signs.
As a commercial lighting solution provider specializing in light and shadow creation, Tailong Lighting relies on innovative business models and mature business systems to provide personalized and customized lighting products as a carrier to fully meet the needs of branded customer terminal stores. The lighting needs of the product show its goal of improving the consumer experience and enhancing the brand image.
Tailong Lighting has always attached great importance to the development of integrated solutions for commercial lighting solutions and the research and development of new lighting technologies. Through years of increased R&D investment and increasingly deep R&D management, technological innovation and product innovation are the driving force for the company's sustainable development. During the reporting period, the company invested a total of 7,737,300 yuan in research and development, an increase of 26.87% over the same period of the previous year. By the end of the reporting period, the company had 140 patents, including 2 invention patents, 36 utility model patents, and 102 design patents. The company currently has 25 patent applications pending authorization.
The overall market demand for commercial lighting has risen and the company's market size has continued to expand, placing higher demands on the company's production capacity. At present, the company's commercial lighting accessory product capacity is close to saturation. It is expected that the company's commercial lighting overall solution demand will continue to grow rapidly in the future. If the company's production capacity cannot be effectively improved, the future will become a bottleneck restricting the company's development.
In May 2017, Tailong Lighting raised funds through listing, and the construction of commercial lighting industry base and design and development center was also actively promoted. During the reporting period, the raised funds have been used for about 20 million yuan, and the entire investment project has reached a production period of about 2.5 years. Currently, the fundraising project is progressing smoothly. After the fundraising project is completed, it can achieve a larger effective output target and meet the rapid requirements. Increased market demand.
In order to improve the core competitiveness and brand awareness of Tailong Lighting and the needs of its own business development, the company jointly invested with Wang Xudong and Zhu Chunli to establish a joint venture company Shiyuan (Xiamen) Lighting Technology Co., Ltd. on June 2, 2017. The registered capital of the joint venture company is RMB 5 million. The company contributed RMB 2.55 million in currency form, accounting for 51% of the registered capital. Shiyuan (Xiamen) Lighting Technology Co., Ltd.'s main business direction is to locate the education lighting market, providing customers with one-stop lighting system overall solution for design, manufacturing and distribution services.
At present, the company is actively expanding other segments to promote the concept of commercial lighting solutions in more business areas. In the future, with the continuous release of market demand in other areas of commercial lighting, the company's commercial lighting solutions will be more widely used, thus driving the effective digestion and utilization of project design capacity.
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