Hengyu Lighting's revenue for the first half of 2016 was 38.35 million yuan and net profit was 1.12 million yuan.
On October 12th, Hengyu Lighting recently announced that the first half of 2016 report showed that the revenue during the reporting period was 38.374 million yuan, an increase of 75.63% over the same period of last year; the net profit attributable to the listed company shareholders was 1,122.3 thousand yuan. Compared with the same period of last year, the decline was 69.80%; the basic earnings per share was 0.12 yuan, a decrease of 69.23% from the same period of the previous year.
As of June 30, 2016, Hengyu Lighting Assets totaled 4,306,790 yuan, an increase of 12.98% compared with the beginning of the period; the asset-liability ratio was 56.49%, an increase of 2.47 percentage points from the beginning of the current period of 54.02%. The net cash flow from operating activities was RMB 2,294,800 in the current period, compared with RMB 1.18 million in the same period of the previous year.
Hengyu Lighting's net profit for the first half of 2016 decreased by 69.80% compared with the same period of the previous year. In addition to the decrease in government subsidies, the decline in net profit was caused by the decrease in gross profit margin and the increase in expenses during the period.
In the first half of 2016, the production and operation of Hengyu Lighting still faced certain difficulties. The domestic economic growth expectation slowed down. The real estate control policies that have a greater impact on the industry continued to strengthen, and the supporting lighting industry was also affected. Can achieve the expected sales target.
According to the data, the business model of Hengyu Lighting is lighting fixtures and related accessories designed, produced and sold.
Bisong Lighting's revenue for the first half of 2016 was 20.29 million yuan and the loss was 950,000 yuan.
On October 12th, Bisong Lighting recently released its 2016 semi-annual report, showing that the revenue during the reporting period was 20.28 million yuan, down 50.85% year-on-year; the net profit was -95.34 million yuan, compared with 2.4035 million yuan in the same period of last year. From profit to loss; basic earnings per share was -0.05 yuan, 0.12 yuan in the same period last year.
As of June 30, 2016, Bisong Lighting Assets totaled 4,498,900 yuan, down 7.44% from the beginning of the period; the asset-liability ratio was 57.48%, down 1.42 percentage points from the beginning of the period, 58.90%. The net cash flow from operating activities was RMB 21.12 million in the current period and RMB 259,000 in the same period of the previous year.
During the reporting period, Bisong Lighting achieved operating income of RMB 202.887 million, a decrease of 50.85% compared with the same period of last year, mainly due to the decrease in market sales, the increase in material labor costs and the constant price of products.
Bisong Lighting's net cash flow from investment activities in the first half of 2016 was 3.18 million yuan, mainly due to the purchase of fixed assets for LED production lines.
According to the capital information, Bisong Lighting is based on the sub-sector of lighting equipment supporting products, and is committed to providing high-quality ballasts and high-frequency magnetic core transformer products for lighting enterprises, and independently researching, producing and selling environmentally-friendly and energy-saving LED products.
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