Foshan Lighting released its performance report on the evening of the 19th. In 2016, it achieved operating income of 3.366 billion yuan, an increase of 17.03%; net profit of 1.077 billion yuan, a year-on-year increase of 1919.92%, net of shareholders of listed companies after deducting non-recurring gains and losses. The profit was 350 million yuan, a year-on-year increase of 133.36%. Among them, the non-recurring gains and losses were mainly the net investment income of 729,958,200 yuan obtained from the sale of Guoxuan Hi-tech stock. Regarding the reasons for the large increase in performance, the company said that under the unfavorable conditions of macroeconomic downturn, overcapacity in the lighting industry, increasingly fierce market competition and rising material prices, the company increased investment in research and development, continuously optimized product structure, and sales revenue of LED products increased rapidly. At the same time, strengthen marketing, enhance the company's market competitiveness, improve management efficiency, and promote cost optimization, so that the company's main business has maintained a good momentum of sustained growth.
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