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NVC 2016 net profit increased by 170.7% year-on-year to 151 million yuan

lighting Holdings Limited (the" company ") yesterday (30) evening announced the company and Affiliated Companies (hereinafter referred to as the" group ") for the year ended December 31, 2016 (the" annual report ") annual results. The group's revenue decreased by 1% to $3 billion 806 million in the same period (not marked in the currency is RMB), net profit grew by $151 million to $170.7%, earnings per share of $4.76, intends to send a final interest rate of HK cents per share.

which, LED lighting products achieved sales revenue of 2 billion 697 million yuan, an increase of more than the same period of 21.3% (#004a73) http://lighting.cnledw.com/. Lighting products sales rose 2.2%, mainly due to the group Home Furnishing lighting product sales growth; lighting products sales fell 9.5%, mainly affecting the product volume and price of the traditional light source; lighting electrical products increased slightly, mainly in the annual report LED lighting product sales accounted for the ratio of ascension and due to exchange rate fluctuations.

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in the reporting year, the gross profit margin was 1 billion 20 million 958 thousand yuan, an increase of more than the same period of last year, the gross profit margin rose from 23.4% to $26.8%. The product division, lighting products, gross margin increased from 25.9% to 30.9%, the comprehensive cost reduction measures is mainly due to the implementation of the annual report of the group, including the strengthening of the implementation of the automated inventory management, reform and streamlining the organizational structure, so that the overall cost control effectively; light source products gross profit margin decreased from 18.1% to 16.2%, mainly the product of traditional light source capacity as a stable source of unsaturated and give customers a higher price, resulting in gross margin decline; lighting product gross margin increased from 19.1% to 23.3%, this is mainly due to the group carried out comprehensive cost reduction measures, and export products to benefit the continued appreciation of the positive factors in dollars.

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in 2017, the group will uphold the development goal of open innovation and value-added efficiency, make the deployment of a comprehensive strategy in the brand, R & D, manufacturing, sales of domestic and overseas sales, further implement the corporate culture, innovation management mode, and strive to create a platform for the group of enterprises in Internet times.

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