NVC Lighting (02222.HK) announced that its interim results as of the end of June this year showed a net profit of RMB 82.14 million (the same below), up 3.8 times year-on-year. From the comparison of data in recent years, it is only equivalent to the company's 2013 level, and its net profit for the interim period was 81.234 million yuan.
During the reporting period, revenue was 1.763 billion yuan, down 0.54% year-on-year. Among them, LED lighting products achieved sales revenue of 1.177 billion yuan, up 94.8% year-on-year, and LED revenue accounted for more than 60%, about 66.8%.
During the period, the income only returned to the same period of 2013. The company's revenue for the first half of 2013 was 1.688 billion yuan, indicating that the company as a whole is still in the business recovery cycle.
Judging from the traditional lighting listed companies that have already announced their performance reports, the LED lighting revenue accounted for more than 50% in the first half of this year has been widely achieved, indicating that the LED penetration rate is increasing in recent years.
Due to the ongoing transformation of the LED industry and certain events related to the company's former CEO, Mr. Wu Changjiang, the company will still be able to make a larger provision in 2016's annual results.
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