Recently, the 2015 annual report released by Langxing Lighting showed that the operating income for 2015 was 64,469,800 yuan, an increase of 27.59% over the same period of last year; the net profit was 7,474,900 yuan, an increase of 544.85% over the same period of last year.
In 2015, the operating cost increased by 17.98% compared with the previous period, mainly because the operating income of the company increased by 27.59%. However, with the optimization of the company's products and customer structure, the company's gross profit margin increased from 24.96% in the previous period to 30.61%. The increase in operating costs was lower than the increase in operating income.
In 2015, the operating income increased by 27.59% compared with the previous period, mainly because the company determined the differentiated market positioning in 2014, that is, avoiding the main battlefield in the field of traditional home improvement and commercial LED lighting, in the LED engineering lighting market and ships and offshore fishing. The special luminaire market has two segments of force. During the reporting period, our company has established 11 provincial-level distributors and 150 professional distributors in the domestic business. In terms of international business, in the markets of Southeast Asia, Southern Europe, Russia and the Middle East, our products have been well received by customers. The single quantity and the amount have a geometric multiple growth; in the platform construction, especially the listing of the new three boards and the third grade qualification of urban roads, the company's winning rate has been improved, and the company's operating income has increased rapidly.
According to the data, Langxing Lighting is a manufacturer of LED application products in the electrical machinery and equipment manufacturing industry. It focuses on high-power LED engineering lamps and marine LED special LED lamps. The customers are mainly distributed in municipal engineering, factories and mines, real estate projects, Ocean fishing companies, etc.
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