The Changfang Group (300301) said on Tuesday that the LED package is still the main business of the company, with a production capacity of about 4000 KK / month. The company will arrange production into production according to actual demand.
The Changfang Group is principally engaged in the R&D, design, production and sales of LED lighting source devices and LED lighting products.
In the general lighting market, the demand has slowed down noticeably, and in 2015, the market was “sadâ€. Kang Mingsheng, which was acquired by Changfang Lighting, began to exert its strength. In 2015 alone, it contributed more than 80% of the net profit to Changfang Lighting.
From the self-built channel, the expansion of production capacity, the market changes are making LED lighting companies' mergers and acquisitions more "golden expensive."
The 2015 annual report of the Changfang Group shows that the company's total operating income was 1.419 billion yuan, up 53.99% from 921 million yuan in the same period of last year; the net profit attributable to shareholders of listed companies was 101 million yuan, compared with 5067.31 in the same period of last year. Ten thousand yuan increased by 84.36%.
In February 2015, the Changfang Group acquired 60% equity of Kang Mingsheng in cash and issued shares, and was approved by the China Securities Regulatory Commission. It was approved by the China Securities Regulatory Commission on April 1, 2015, April 9, 2015. Kang Mingsheng's 60% stake has been transferred to the name of Changfang LED Lighting, and Kang Mingsheng has officially become a holding subsidiary of Changfang Lighting.
According to the financial report data, in 2015, Kang Mingsheng realized the main business income of 914 million yuan and net profit of 111 million yuan, of which the net profit contributed to the listed company Changfang Group was 87.671 million yuan, accounting for 86.92% of the total net profit of the Changfang Group.
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