An American announced third quarter earnings

This year LED industry slump, specializing in commercial and industrial lighting of an American (Energy Focus Inc.) third quarter earnings contrarian caroling, gross margin and net profit margin reached 49.8% and 23.4% respectively, LED lighting in the price competition of the environment, out of a blue ocean. The chairman and CEO Tu Jian Xuan said that profit increase is mainly in economies of scale, the decrease in LED chip and component cost, we save the cost, most to the customer feedback. How to provide the best quality and service, customer trust is our highest value! "

At present, the main products for an American LED lamp, lock the military and government schools and businesses, niche markets. The third quarter revenue of $18 million 300 thousand (about 116 million yuan), representing an increase of 151%; gross margin to 49.8%, representing an increase of 15.6 percentage points. After tax net profit of $4 million 300 thousand (equivalent to approximately RMB 27 million 406 thousand and 100 yuan), better than last year's loss of $400 thousand. Conversion of third quarter earnings per share after tax was $0.4.

The chairman Tu Jianxuan said, the third quarter profit growth, there are two main reasons. One is the United States Navy orders for steady growth, currently in the LED lighting penetration rate of naval vessels has reached 3; two is the past year and a half positive operating commercial lighting channels and customers have seen clear results, one of the biggest achievement is the newly one of the nation's largest medical institutions with Cleveland medical Center (Cleveland Clinic Foundation) LED lighting change in the fourth quarter began shipping contract.

Aneng said Cleveland Clinic contract is a major milepost business, can help cut the medical market, the United States has currently many hospitals to an expression of LED lighting will change. "We are confident that in the next few quarters, help more hospitals improve the quality of lighting, improve medical environment. "

On the other hand, can also actively expand the business channel, and the nation's five largest retail distributors (more than more than 1 thousand business units) cooperation, commercial / industrial lighting products to promote security and quality service, benefit is expected to gradually appear in the coming year, pushing up performance.

In addition, can also in the third quarter to $17 per share price of ordinary shares in issue 1 million 500 thousand shares, raising $23 million 600 thousand (equivalent to approximately RMB 150 million yuan). Tu Jianxuan said, as of the third quarter amount reached 35 million yuan in cash, the funds will be properly used in the following aspects: first, to recruit business human in-depth country and project customers; two, was "made in America" niche product line; three, to provide more financial incentives for the LED lighting installation program for specific customers.

An estimated revenue this year than in 2014 growth of more than 1 times better than second quarter forecast growth of 5. Gross margin this year is expected to be higher than the long-term target set by the company 35%.