Domestic and international market variable lighting industry has made great "winter"

October 1, 2010 by  
Filed under Twilight Quotes

Domestic and international market variable lighting industry has made great "winter"

Abstract: Since the third quarter of 2008 macro-economic situation is grim, human costs, RMB appreciation, the real estate market downturn, these adverse factors seriously affect the lighting enterprises. Domestic and international market variables, so the lighting industry and deeply feel the coming of winter.

 

“Ningbo Yuyao regional SMEs have closed down, I have seen dozens of homes, has affected the local economy.” A private enterprise in the region? Zhejiang and Hui Lighting Technology Co., Ltd China Sales Manager Fu Chunming October 25, told reporters. An anonymous sales manager of domestic lighting leading enterprises are the same. He said: “in July before the company’s business in good condition, the growth rate of 10%, to business growth in August dropped by 10%.”

In an interview more than a dozen companies, such a situation not unusual. Common reflection of the third quarter of 2008 since the macro-economic situation is grim, human costs, RMB appreciation, the real estate market downturn, these adverse factors seriously affect the development of enterprises.

Large-scale enterprise “thin winter”

“Pace of development of enterprises as the first few months of this year’s profit is not the problem, but the situation is hard to say the next year.” Wong Kam Sui China Illuminating Engineering Society president, said about the current industry conditions. “See one leaves were gone, with knowledge of the twilight years of age; see a pot of ice cold makes me know my world.” Some businesses are already planning for “winter.”

Zhe Jiang Feidong Lighting Co., Ltd. has been the East China Science and Technology (000727) is a “cash cow.” In the last year in July, when the company’s contribution to the East China Science and Technology every year five million yuan of investment income has shrunk to 250 million, East China Science and Technology will have a flight of 29.9% stake in Tung lighting transferred to Philips. In response, executives with the explanations given to “thin the body strong.”

East China Science and Technology as, like many large enterprises are engaged in lighting their own weight-loss program. A large lighting company executives told reporters, “We will reduce the overseas market, business, after all, the future of the financial crisis to the international market is full of variables.”

“Big business should have a stronger business risk or strength, by adjusting the business strategy, the current production and management has no significant fluctuations.” Wong Kam Sui said.

It is understood that after the reorganization of Philips, Lighting Products Division revenues increased 3.2% year on year, reaching 196 million euros. The company’s regional sales manager Lupot Beijing introduced this year in Beijing with the previous years sales of flat no problem, up to 1 billion yuan, home lighting products guaranteed sales.

It is understood that domestic Foshan Lighting (000 541), Zhejiang Sunshine (600 261), Snow Wright (002 076) listed three relatively stable business development.

In the first half loss of 117 million yuan for stocks Foshan lighting, in the second half to focus on core business, in October the company three T8 pilot production line. The recent announcement revealed that the first three quarters this year, the main business income rose 2.1%, net profit fell 2.2%.

Snow in the third quarter of this year, Wright has transferred shares in Danyang snow Wright, 1 September sales up 17.72% of total revenue, net profit decreased 41.02% year on year. According to the company an insider, although the net income decreased, but the company by strengthening core business, in September remained 6% growth.

As of press time, the sun in the third quarter of Zhejiang notice yet to be announced. Luo Bibo the company’s Beijing office manager, said the company in Guangdong and Fujian, the government awarded the project to ensure the company’s energy-saving lamps of good earnings.

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