On May 7, Foshan Lighting stated at a meeting with institutional investors that in 2023, the company achieved revenue of 9.057 billion yuan, a year-on-year increase of 3.39%, reaching a new height, and achieved a net profit attributable to the parent company of 290 million yuan, a year-on-year increase 26.07%, the net profit attributable to the parent company after deducting non-profit and loss was 275 million yuan, a year-on-year increase of 23.77%. The company's comprehensive gross profit margin for the year was 18.80%, a year-on-year increase of 1.26 percentage points. Revenue and profit have achieved double growth, mainly due to the company's active market expansion and continuous improvement of product quality and service quality. At the same time, it has reduced procurement costs and manufacturing costs through various measures.
In the first quarter of 2024, the company achieved revenue of 2.517 billion yuan, a year-on-year increase of 14.75%, net profit attributable to the parent company of 83.7142 million yuan, a year-on-year increase of 26.42%, and net profit after non-profit and loss attributable to the parent company was 76.7255 million yuan, a year-on-year increase of 28.89 %. Revenue and profit have achieved rapid growth, mainly due to the company's continued efforts in market expansion. In the first quarter, the company's LED lighting product production and sales increased, and the gross profit margin of the products increased. This was because the company continued to adjust and optimize its product structure and increase the proportion of high value-added products; the sales volume and gross profit margin of electrical products increased significantly due to the increase in intelligent New product introduction and promotion efforts have effectively reduced the cost of raw materials such as electronic components; the production and sales of automotive lighting products have increased year-on-year, thanks to the continued large-scale development of new energy model projects that have been launched in the early stage to drive sales growth.
In the first quarter of 2024, Nanning Liaowang achieved revenue of 463 million yuan, a year-on-year increase of about 12%. In the first quarter of 2024, 8 new model projects and 5 module projects will be launched. In the future, we will continue to make efforts to expand the market of new energy OEMs.
Source: Oriental Fortune Network
The original article was originally published on WeChat public account (automotive new technology information):Foshan Lighting: Automotive lighting product revenue in the first quarter was 586 million yuan, and 8 new model projects and 5 module projects were implemented
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