LED lighting business promotes sunshine lighting 2013 Q1 net profit increased by 13%

G20-LED Summit member company Sunshine Lighting (600261) released its first quarterly report for 2013. The company's revenue for the first quarter of 2013 was 652 million yuan, and its net profit at home was 66 million yuan, an increase of 12.62% year-on-year; The income is 0.1 yuan.

Sunlight pointed out that LED lighting business is the main driving force for revenue growth: the company raised funds for LED lighting business last year, and contributed revenue of 364 million yuan in 2012. At the same time, it won the bid to promote LED downlights and street lights of 400,000 and 30,000. only.

Sunshine Lighting said that the company will build 60 million sets of LED lighting products per year in the headquarters, and with the annual production capacity of 20 million sets in Xiamen, LED lighting production capacity will achieve substantial growth. Relying on the company's domestic sales channels, Sunshine Lighting is expected to comply with the strong demand of the LED lighting market and effectively digest the company's production capacity to continue to drive performance growth.

Sunshine Lighting expects EPS for 2013-15 to be 0.47/0.58/0.77 yuan. It is estimated that in 2013-15, the company will realize revenues of 37.40/48.05 and 6.059 billion yuan, net profit of 3.04/3.72/499 million yuan, and a compound annual growth of 33% in three years.

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