On May 2, Ziguang Lighting (stock code: 836945) recently released its 2016 annual report, showing revenue of 128 million yuan during the reporting period, an increase of 41.82% over the same period of the previous year; net profit attributable to shareholders of listed companies was 2,784,400 yuan, an increase of 97.69% over the same period of last year; basic earnings per share was 0.68 yuan, compared with 0.34 yuan in the same period last year.
As of December 31, 2016, Ziguang Lighting's assets totaled 189 million yuan, an increase of 98.30% from the end of the previous year; the asset-liability ratio was 45.38%, an increase of 12.36 percentage points from the end of the previous year's 33.02%. The net cash flow from operating activities was -171.975 million yuan for the period, compared with -133.23 million yuan for the same period last year.
During the reporting period, Ziguang Lighting's operating profit increased by 160.79%, mainly due to the increase in sales revenue of 41.82%, the increase in gross profit, and the increase in period expenses was less than the increase in operating income.
During the reporting period, the gross profit margin of Ziguang Lighting increased by 12.22% over the previous year. The main reasons for the increase in gross profit margin were: a. The company developed new products, 120 sets of new product molds, and higher gross profit margin of new products; b. Company products The scale of production has increased, resulting in a decline in product costs; c, the cost of upstream products such as LED light sources and drive power supplies has dropped.
According to the data, the main business of Ziguang Lighting is the research and development, design, production and sales of professional lighting equipment and the provision of lighting energy-saving diagnosis, design and transformation services.
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