Organization as the Buddha: positive transformation of LED rising white bigger and stronger

Global LED lighting steady growth, China's LED lighting exports increased. At present, LED lighting to replace the traditional lighting and lighting speed, in 2015 the global LED lighting market reached $29 billion 900 million, a penetration rate of 27.20%, is expected to 2020, the global LED lighting compound annual growth rate of 20.36%; "The Belt and Road" to China's LED industry transformation and upgrading to new opportunities, in 2015 China LED lighting exports The Belt and Road "the market is about $10 billion, an increase of 43%, accounting for LED lighting products export ratio of about 38%.

FSL keep up with the pace of LED industry, the active transformation of LED lighting

2014, FSL LED sales revenue increased from 277 million yuan in 2013 to $926 million in 2014, an increase of up to 233.99%, LED accounted for more than of the entire product system. With the further deepening of the company's transformation and upgrading work, the proportion of LED products will be more and more big, the company will continue to upgrade, self innovation and development.

Strengthen channel innovation, the basic problem solving

2015 FSL has 3000 outlets in the country, with the advantage of channels, signed a contract to purchase a $613 million contract. 2016, will continue to increase investment in materials, advertising and other aspects, to snatch the project, home improvement and other market channels. As of the end of 2015, the company has basically completed the compensation for the lawsuit, will not have a substantial impact on the performance of 2016 and beyond.

Rising white, integration of industry resources, bigger and stronger industry LED

Rising in September 2014 the country star power, the integration of upstream chip, packaging; December 4, 2015, directly and indirectly holds 23.144% stake in FSL (the cost is about 15.3 yuan / share), the layout of LED lighting; rising group has rich experience in capital operation, is conducive to fozhao through mergers and acquisitions to achieve the brand, channel, technology development. The first step is to change the company personnel adjustment, at present the company's new management (Chairman and chief financial officer) already.

International rivals gradually withdraw, overseas mergers and acquisitions opportunities appear

International lighting market competition, OSRAM, PHILPS and other major manufacturers have stripped the lighting business plan; and the future of lighting products manufacturing may be transferred to China, brands may also be Chinese enterprise acquisition, therefore, we believe that China capital and industrial platform is likely to make acquisitions overseas, we believe that FSL will be involved.

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