Recently, Shell Wright announced its 2016 financial report. The data showed that the annual operating income was 813 million yuan, up 1.47% over the previous period. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 34.981 million yuan, a decrease of 29.10% over the previous period. The net cash flow from operating activities was RMB 3,732,200, a decrease of 98.11% from the previous period.
The decline in net profit was mainly due to the continuous increase in the expense ratio and the significant increase in asset impairment losses. The cost increased by 32 million compared with the same period of last year, an increase of 21.31%. As the drone segment continued to increase investment in R&D and market expansion, the expense ratio increased sharply, which affected the profit. At the same time, the asset impairment loss increased by about 11 million compared with the same period of last year. Lead to a decline in profits.
In terms of specific business performance, due to the influence of the development trend of the lighting industry, the fluorescent lamp products on the market have been gradually replaced by LED lamp products, resulting in a decline in sales of fluorescent lamp interior lighting products. The 2016 annual revenue was 77.614 million yuan, a decrease of 36.36% from the previous year.
In 2016, in addition to promoting the old HID car xenon lamp to the market, the company also introduced new LED car lights to the market, and its sales increased significantly. The revenue of the car lighting business in 2016 was 102 million yuan, an increase of 48.53% over the previous year.
Due to the influence of the development trend of the lighting industry, the fluorescent lamp products in the market have been gradually replaced by LED lamp products, and the customer's product orders have also shifted from the original fluorescent lamp products to the LED lamp products. Therefore, the sales of LED indoor lighting series are certain compared with the same period of last year. increase. The LED indoor lighting business revenue was 130 million yuan, an increase of 12.74% over the previous year.
In 2016, the company added the production of charging pile equipment, and the order amount was large, resulting in insufficient production capacity. The company actively adjusted the industrial structure and reduced the output of LED display series products, resulting in a decrease in sales of LED display system series compared with the same period of last year. The LED display system revenue was 88.393 million yuan, a decrease of 31% from the previous year.
Termination of the 472 million yuan additional issuance plan
Recently, Shellett passed the "Proposal on Terminating Non-Public Issuance of Stocks" and agreed to terminate the company's non-public offering of shares. Previously, the total amount of funds to be raised did not exceed 472 million yuan. The funds raised (after deducting the issuance expenses) are intended to be used in the construction and sales service system construction project of the UAV, the construction of the smart street lamp production and sales service system, and the construction project of the LED lighting product marketing system.
Invested 5.1 million yuan to expand overseas markets
In order to integrate the advantageous resources, open up the European and American lighting market, and expand the scale of overseas sales, Xuelaite and Shenzhen Yite Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Yante Optoelectronicsâ€) signed a “Joint Venture Agreement†to jointly establish a joint venture company Shenzhen. City Snowlight Optoelectronics Technology Co., Ltd.
The registered capital of the new company is 10 million yuan, of which Snow Wright invests 5.1 million yuan in cash, accounting for 51% of the registered capital; Yite Optoelectronics contributes 4.9 million yuan in cash, accounting for 49% of the registered capital. The business scope of the joint venture company includes: production, research and development and sales of a full range of dedicated devices for LED small pitch; sales of various lighting products and displays.
Light technology is applied as one of the four major priorities in the future
Recently, at the 2016 annual online performance briefing, the company's chairman Chai Guosheng said that the company is committed to building a high-tech enterprise that is a "light technology application and consumer electronics" industry integration, focusing on "light technology applications" and "smart consumer electronics". , "high-end intelligent manufacturing" and "automobile core components" four areas.

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