Provincial State owned listed companies to bring these changes?

In April 7th, the veteran local listed companies in Foshan electrical and lighting Limited by Share Ltd ("FSL") released a quarterly forecasted announcement is expected in the first quarter operating income of 904 million yuan, an increase of 17.85%, attributable to shareholders of listed companies net profit of 108 million yuan, an increase of 8.34% last year, the sale of Everbright Bank equity brings non recurring gains and losses after an this is the net growth of 31.30%, since December last year, Guangdong province SASAC state-owned enterprises rising Assets Management Co. company (hereinafter referred to as "rising company") in the first quarterly report, FSL handed out.

Coincidentally, another local Monday rising corporate control of Listed Companies in Foshan City Star Au Optronics Co (hereinafter referred to as "nationstar") also released a quarterly, the first quarter of nationstar achieved operating income of 459 million yuan, an increase of 18.18%, attributable to shareholders of listed companies net profit of 37 million 427 thousand yuan, an increase of 8.37%.

The competition in the domestic lighting industry is becoming more and more fierce, two local lighting enterprises have surrendered decent results, although the impact of rising company after the white listed companies for the follow-up remains to be tested, but based on the major shareholder of rich industrial resources and strong capital operation ability, the future is expected to strengthen through the integration of the LED industry chain to achieve cooperation, the two listed companies. Edition Author: Nanfang Daily reporter Sun Jingfeng King successful transformation of LED results

In September 9, 2015, FSL announced that the company was the largest shareholder of OSRAM Holdings Limited shareholders Germany OSRAM company and the Guangdong Province Electronic Information Industry Group Co. Ltd (hereinafter referred to as electronic group) signed the "equity transfer agreement", the German OSRAM company will be holding 100% of the shares transferred to OSRAM electronics group. Data show that the electronics group is a wholly owned subsidiary of the company rising. In December 12th last year, FSL once again issued equity announcement that the company will be rising by 100% stake held by OSRAM and two level market holdings, a total of 23.144% stake held by FSL, to become the actual controller of the company.

As the provincial state-owned enterprises under SASAC, in the rising company of FSL is in a critical period of transition will undoubtedly provide a solid backing.

As the traditional lighting worthy of the king, by the continued downturn in the economic environment and the impact of traditional lighting market share suffered LED encroachment, in recent years, FSL actively explore the transition path. After a preliminary exploration of diversification, in 2012 the company began to re adjust the development strategy to return to the main industry, firm to LED lighting transformation.

In 2015, FSL in the development history of 58 years is the landmark of the year, in the face of continued weakness in the traditional lighting products market, promote the adjustment of product structure of FSL through continuous optimization, marketing system, cost control and other measures to actively respond to the adverse effects of market environment, product structure optimization.

The company's annual report shows that last year FSL according to the market changes, timely adjustment of product structure, from all aspects of research and development, production and sales of LED products and increase investment, in addition to the introduction of light source, the original traditional office lighting products, in the field of commercial lighting and the original weak field of decoration has launched a new product LED a series of. Statistics show that last year, FSL invested in R & D amounted to 92 million 890 thousand yuan, accounting for the current operating income of $3.23%.

With the development of LED business, LED product sales accounted for the proportion of FSL's total sales continue to improve. Statistics show that last year, FSL achieved operating income of 2 billion 877 million yuan, of which the traditional lighting products sales revenue 1 billion 460 million yuan, LED product sales revenue 1 billion 416 million yuan, a year-on-year increase of 52.92%, LED products accounted for nearly half, which marks the FSL successfully completed the transition from traditional lighting to LED lighting.

In order to adapt to the new economic situation, last year, FSL also has increased the intensity of the construction of sales channels, the company through the implementation of active marketing strategy, marketing conference held in 186 in the country, the implementation of the "2015 channel", the national network of up to more than 3000, to achieve full coverage of the city.

In 2014, in order to develop commercial lighting and engineering channels, FSL formally established commercial lighting division, and officially launched the high-end brand "master hui". In April 2015, "Jiang Hui Ming" has started landing in Henan, Zhejiang, Jiangsu, Hubei, Hunan, Guangdong, Beijing and other important provinces, and then gradually to other provinces and cities and extend coverage.

It is precisely because the company continued to force, channel construction in November 29, 2015, held in Zhaoqing national dealer meeting FSL gained 613 million 200 thousand yuan (including tax) product purchase contract, the contract amount of 398 million yuan over the previous year (including tax) growth of 54%, breaking the company over the national dealer meeting record contract amount.

Accelerate the integration of industrial chain integration

With FSL hard "internal strength" is different, another local listed companies last year in the country star power company rising in the vertical integration of the LED industry chain force.

Data show that nationstar is a set of high-end semiconductor led development, design, production and sales in the domestic display package (LED) and its application as one of the leading products, the company completed a private placement equity last year, rising company officially became the company's actual controller, the company's annual report that, in the rising of the company will enhance the company's brand image and operation platform