As the Buddha: focus on the development of lighting products, automotive lighting business will surge in 2018

Yesterday (14) day, FSL held investor relations activities, with representatives of 9 firms and institutions around the company's current basic operations, business strategy, industry prospects and other related discussions.

In recent years, the rapid growth of FSL's overseas sales. It said, there are two main reasons: first, the world economic recovery in recent years, the market demand to pick up, LED to replace the traditional lighting market increase in demand; second, the company increased the overseas market development efforts, especially to increase FSL brand promotion efforts, since the main brand FSL sales income growth.

The development of a company's business sector, FSL introduced the electrician plate after a full year of operation, with strong sales channels, the rapid development of the estimated 2017 sales revenue doubled over last year. In addition, the company promptly seize the automotive lighting opportunities to upgrade from the traditional light source to LED lighting, and with the accumulation of experience in the traditional lamp period, starting LED automotive lighting segments. The company currently has some domestic car brands to establish a cooperative relationship, and many other brands are estimated in 2018 to discuss cooperation, the development of automotive lighting speed is greatly improved.

In terms of products, FSL said, at present, the traditional source of the company's sales revenue accounted for the proportion below 30% in the future, with the further development of LED and the replacement market gradually, the traditional sources accounted for the proportion of sales revenue will decline further. The development trend of LED lighting products is light integration, so the company's future focus on the development of lighting products, including home lighting, commercial lighting, outdoor lighting lamps and lanterns, the company lighting sales revenue accounted for about 50% of the sales revenue of the company.

According to the competition pattern of the future of the industry, FSL said, because the threshold for LED lighting applications access is low, a few years ago many capital inflows LED LED lighting lighting industry, there is a structural problem of excess production capacity, and lead to market price competition prevails, the industry standard is not clear, uneven product quality. With rising costs and increased competition, many small and medium-sized enterprises closed down or switch, industry faces reshuffle pattern. Large enterprises with capital advantage, channel advantage, brand advantage, technology advantage, market competition will continue to strengthen.

Development plan for the future, FSL said, in order to quickly expand the company's main business, the company growth through within the same time, there are plans to seek a suitable target for mergers and acquisitions.

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