NVC Lighting's 2016 net profit exceeded 150 million yuan

NVC Lighting Holdings Co., Ltd. (the Company) announced the annual results of the Company and its subsidiaries (collectively referred to as the Group) for the year ended December 31, 2016 (Reporting Year) on the evening of (30). The Group's revenue decreased by 1% year-on-year to RMB 3.806 billion (the currency is not indicated in RMB below); net profit increased by NRW Lighting Holdings Co., Ltd. (the company) announced the company and its company yesterday (30) The annual results of the subsidiaries (the Group) for the year ended December 31, 2016 (the reporting year). The Group's revenue decreased by 1% year-on-year to RMB 3.806 billion (the currency is not indicated in RMB below); net profit increased by 170.7% to 151 million yuan; earnings per share was 4.76 cents, and the proposed final dividend was 1 port per share. Fairy. Among them, LED lighting products achieved sales revenue of 2.697 billion yuan, an increase of 21.3% over the same period. Sales of lighting products increased slightly by 2.2%, mainly due to the sales growth of the Group's home lighting products; sales of light source products decreased by 9.5%, mainly due to the impact of the decline in the volume and price of traditional light source products; lighting electrical products increased slightly, mainly during the reporting year. LED lighting and electrical products accounted for an increase in sales and exchange rate fluctuations. During the reporting year, the gross profit achieved was RMB 1,020,958 thousand, an increase of 13.3% over the same period, and the gross profit margin increased from 23.4% to 26.8%. For each product segment, the gross profit margin of lighting products increased from 25.9% to 30.9%, mainly due to the comprehensive cost reduction measures implemented by the Group during the reporting year, including strengthening inventory management, implementing automation reform and streamlining organizational structure. The overall cost was effectively controlled; the gross profit margin of light source products dropped from 18.1% to 16.2%, mainly due to the unsaturated production capacity of traditional light source products and higher price concessions for customers to stabilize customers, resulting in a decline in gross profit margin; gross profit margin of lighting electrical products From 19.1% to 23.3%, this was mainly due to the comprehensive cost reduction measures implemented by the Group and the favorable factors that the export products benefited from the continued appreciation of the US dollar. In 2017, the Group will adhere to the development goal of open innovation and value-added efficiency, and make comprehensive strategic deployment in brand, R&D, manufacturing, domestic sales and overseas sales, further implement corporate culture and innovative management mode. We strive to build the Group into a platform-based enterprise under the Internet era.

Machining Steel

Machining Steel is the use of CNC machining out,and the machining services including drilling, boring, cutting,meatl bending/metal bending, machining Steel Product material: carbon steel, 20#, 45#, A3, Q235,35Cr2MnMo and other series. In the high-speed machining out of the workpiece has a good finish. But machining Steel of the workpiece is easy to rust, so it will do heat treatment, surface nickel plating, chromium plating, surface black heat treatment, etc.. We have a special inspection department to carry out inspection, ensure the material aging hardness and each size to meet the requirements of the drawings, including the machining steel parts application in various industries: automotive, marine, communications, medical equipment, industrial automation equipment.Except them,we supply the sheet metal operations.

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