Foshan Lighting's 2008 mid-year report showed that the company's main business income in the first half of 2008 was 802,217,300 yuan, a year-on-year increase of 16.54%; net profit was 159,200,300 yuan, a year-on-year decrease of 45.73%; basic earnings per share was 0.23 yuan.
Foshan Lighting, Guangdong Lighting B (200541) released on July 31, 2008 semi-annual report shows that the company's main business income from January to June 2008 was 802,217,300 yuan, an increase of 16.54%; total profit was 20,262,400 yuan, a year-on-year decrease of 41.68 %; net profit of 15,992,300 yuan, a year-on-year decrease of 45.73%; basic earnings per share of 0.23 yuan.
During the reporting period, the company's business scope has not changed. Based on market conditions and production and operation targets in 2008, the company strengthened management, controlled costs, continued to increase market development efforts, and expanded production scale. At the same time, the company accelerated the development of the production scale of Gaoming Industrial Park. At present, 14 T8 production lines have been put into production.
The company's production and operation remained generally stable. However, prices of copper, heavy oil and liquefied petroleum gas continued to rise, and the export of products was affected by the appreciation of the renminbi, which brought certain pressure on the company's production and operation. The company's sales revenue in the first half of 2008 has increased compared with the same period in 2007.
During the reporting period, the company has carefully implemented the five projects developed by the company's own funds with a investment of more than 600 million yuan in accordance with the shareholders' meeting, and invested in metal halide lamps, investment in the production of energy-saving lamps and fluorescent lamps. The work of other products is being organized as planned; various new lamps and accessories projects have been put into production and sold with the company's Light Source products.
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