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On April 27, Foshan Lighting released the first quarter report for 2017. During the reporting period, the company achieved operating income of 1.094 billion yuan, an increase of 20.94% over the same period of the previous year; net profit attributable to shareholders of listed companies was 119 million yuan, compared with the previous year. The growth rate was 11.22% over the same period.
With the advancement of the diversification strategy, Foshan Lighting will use the electrical panel as a new engine for rapid development in 2016. On the basis of the original electrical products, it has vigorously developed electrical products and added more electrical products and sockets. In the future, the company will strive to promote the strategic layout of lighting products and electrical products.
In recent years, due to the rapid development of LED lighting technology, the cost has dropped rapidly, the energy saving and emission reduction effect is obvious, LED lighting is generally accepted by consumers, and the penetration rate of LED lighting applications is continuously increasing. Correspondingly, the traditional lighting market is rapidly shrinking.
However, after the rapid development and replacement of LED lighting in recent years, the development speed of LED lighting has slowed down, especially in the downstream applications of LEDs with low thresholds. There are obvious structural overcapacity problems, which have led to the market. Disorderly, vicious competition.
Under the pressure of macroeconomic downturn and fierce competition, large enterprises will expand through mergers and acquisitions to enhance market competitiveness. Some small and medium-sized enterprises that lack market competitiveness will gradually withdraw from the market, and the entire industry will enter the integration stage.
As a necessity of people's daily life, lighting products are mainly affected by the macroeconomic situation and the prosperity of the real estate industry, and are less affected by the seasons and regions.
Generally speaking, at present, China's lighting market is relatively scattered, and the industry concentration is not high. Although the market share has a tendency to concentrate on dominant brands, it has not yet formed a leading enterprise with absolute advantages.
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