Hongli Newell brisk semi annual net profit rose 141.96%

Hongli Newell group Limited by Share Ltd 25 evening semi annual report released. Announcements, the reporting period, the company achieved operating income of 994 million 45 thousand and 200 yuan, an increase of 43.34% over the same period last year, net profit attributable to owners of the parent company $137 million 795 thousand and 200, an increase of 141.60% over the same period last year.

Notice that the main factors affecting the business income of the change is that the first half of 2016, with the LED lighting market demand continues to improve, the company LED business scale, automotive lighting LED stent business scale, LED packaging business scale of sustainable development, the company's main business maintained steady growth. At the same time in the reporting period, the company transferred its subsidiary company Xinquan photoelectric 15.05% stake and received government subsidies increase over the same period, the first half of 2016 the company's revenue and net profit increased greatly.

The product classification, SMDLED operating income rose 42.34%, LED automotive lighting products operating income rose 74.13%, LED stent operating income rose 63.29%, mainly due to the reporting period, and actively expand the LED market, the company continues to expand the scale of business, due to the increase in operating income. Contract energy management business revenue grew by 244.16%, mainly due to the completion of the project during the reporting period, the increase in operating income.

The first half of the year, the company continues to expand the LED bracket, LED packaging production scale and actively layout LED infrared security, LED UV and other segments; LED automotive lighting based on the optimization of existing customers and market structure, with LED automotive lighting module as the starting point, and actively carry out into the domestic automotive lighting market to actively build; the production base is located in Nanchang and the smooth operation of LED.

During the reporting period, the company put into operation gradually in the production base of LED Nanchang investment and construction company in the LED industry chain, expanding production capacity, the company strengthened marketing efforts, in Russia, Britain, South Korea, India, Brazil, Spain, Czech and other countries or regions to establish agency outlets, to provide services and products timely for global customers.

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