In 2016, the international and domestic economic growth slowed down, the downward pressure on the economy was large, and the growth momentum was limited. For the lighting industry, although the LED lighting market still maintains a relatively fast development speed, the number of LED companies is numerous and the competition in the industry is becoming increasingly fierce. In the face of unfavorable macroeconomic environment and fierce competition in the industry, Foshan Lighting continued to use the principle of “adjusting structure, stabilizing growth, re-management, and increasing efficiencyâ€, and based on the goals set at the beginning of the year, combined with the company's development strategy, accelerated product development and promotion. Product structure adjustment, strengthen product sales layout, improve management level, and better fulfill the company's annual business objectives. In 2016, Foshan Lighting achieved a revenue of 336.645 million yuan, a year-on-year increase of 17.03%; of which LED product sales revenue was 2,054,815,500 yuan, a year-on-year increase of 44.43%, traditional lighting products sales revenue was 1,293,351,100 yuan, a year-on-year decrease of 9.51%; domestic sales income of 2,147,742,100 Yuan, an increase of 11.66% over the same period of the previous year, foreign sales income of 1,121,712,900 yuan, an increase of 27.84%. The total profit reached 1.273 billion yuan (in which the investment income from the sale of Guoxuan Hi-tech shares during the reporting period was 853 million yuan), an increase of 2686.32% over the same period of last year; the net profit attributable to shareholders of listed companies was 1.072 billion yuan, an increase of 1907.92%. According to the short life cycle of LED products and the fast product replacement, Foshan Lighting focuses on consumers, insists on increasing R&D investment and product innovation, and continuously builds a competitive technology research and development platform; emphasizes user research, basic research, and self-government. R&D and external cooperation, segmenting the product market, continuously researching and developing new products and pushing them to the market, striving to change the image of the company's large circulation products wholesale. In 2016, Foshan Lighting invested a total of 110.07 million yuan in research and development, an increase of 18.49% over the same period of last year; 61 patent applications, including 10 invention patents, 33 utility model patents, 18 design patents; 195 large The series, a total of 1009 specifications of new product development, 269 specifications of technical process improvement. The introduction of these new products enriches the company's product line, enhances the company's market competitiveness, and brings new growth points to the company's sales revenue and profits. Also. In 2016, Foshan Lighting continued to dig deep into channel expansion and optimize channel construction. In terms of domestic sales, core channels and emerging channels have been promoted simultaneously. On the basis of maintaining advantageous channels, we continue to focus on developing new channels, such as store channels, e-commerce channels, industrial and mining channels, and motor vehicle channels, all of which have achieved significant sales revenue. increase. During the reporting period, the company added 242 new stores and 928 stores in total; the e-commerce channel closely followed Tmall and Jingdong to carry out various promotions; in terms of engineering business photos, a dedicated team was formed to actively participate in various hidden channels. project. In terms of overseas sales, we have achieved breakthroughs in brands, customers, products and regions. Continued and vigorously promote FSL's own brand, and the sales of overseas independent brands continue to increase. In 2016, FSL has successfully sold in more than 30 countries and regions. The sales of FSL's own brands increased by 66% year-on-year; Improve cooperation with existing large customers, and continue to develop large customers; deepen the development of existing traditional customers' LED business, and promote the continuous optimization of export product structure, LED products accounted for 60% of export sales. It is worth mentioning that in October 2016, Foshan Lighting established an electrician subsidiary, relying on the company's brand advantages, channel advantages and rich experience in production operations and management, and vigorously develop electrical products, for the company's future lighting products and electrical products go hand in hand. The development strategy lays the foundation. In terms of products, we set up an excellent R&D team in the industry to lay a solid foundation for the extension of post-electrical products. In terms of channels, relying on the company's existing channel advantages, integrating channel resources, and using incentive sales policies to mobilize the enthusiasm of dealers. . During the reporting period, the company's sales revenue of electrical products reached 70.16 million yuan, a year-on-year increase of 90%. Enershare's commitment to future-ready energy solutions for smart home innovations, Enershare's Energy Storage Systems create a flexible energy maintenance system for homeowners who want to take more control of their home energy use, it is intended to be used for home battery energy storage and stores electricity for solar self-consumption, load shifting, backup power, and off-the-grid use. you can use it anytime you want-at night or during an outage. Solar Battery Bank,Solar Energy Storage,Solar House Battery,Solar Battery Storage,Lithium Battery Off Grid,Solar Battery Backup 48v,home battery Shenzhen Enershare Technology Co.,Ltd , https://www.enersharepower.com