In the first three quarters of the company, the company achieved revenue of 1.89 billion, a year-on-year increase of 11.6%; operating profit of 91.72 million, an increase of 16.7%; net profit of 180 million, an increase of 0.2%; Q3 revenue of 695 million, an increase of 9.9%; The profit was 48.88 million, a year-on-year increase of 10.4%; the net profit was 91.1 million, a year-on-year decrease of 14.5%.
The main reason for the decline in the company's Q3 net profit is that the Sunshine Lighting analysis is mainly for non-operating income of 58.02 million yuan (of which nearly 50 million is the subsidy balance) which is significantly lower than last year's Q3 of 81.62 million yuan. Sunshine Lighting said that the bidding process for energy-saving lamps in the past two years has been postponed as a whole, and the subsidy funds are usually in place in the second year. At present, there is still a subsidy of 10-20 million yuan last year, which will be in place in Q4.
In terms of operation, Sunshine Lighting indicated that the overall energy-saving lamp market has been sluggish this year, especially since the recent manufacturers are affected by inventory and the overall performance of the industry is not good. However, the company's Q3 LED lights revenue of 150 million yuan (including OEM and its own brand June 4 open), compared with 90 million in the first half of the year, significantly higher than previously expected.
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