The Guangdong Provincial Government has officially issued the "Guangdong Province Promotion of the Use of LED Lighting Implementation Plan". Since the implementation date, all the public lighting fields invested by the government finance or state-owned capital will adopt LED lighting products. Through promotion, it will achieve 50% energy saving for year-on-year lighting, which will drive the rapid development of the province's LED industry and achieve an annual output value of more than 500 billion yuan by the end of the 12th Five-Year Plan.
The staff of Qinshang Optoelectronics believes that the launch of this program is self-evident to the stimulation of Qinshang Optoelectronics. The staff also revealed that it is only available in the Catalogue of Recommended Products for Indoor Lighting in the Green Lighting Demonstration City of Guangdong Province. The company is eligible to enjoy the favorable policies of this release. There are about 20 such companies in Guangdong Province, and Qinshang Optoelectronics accounts for about 30% of the product share.
In addition, some media recently questioned the slow progress of the procurement contract signed by Qinshang Optoelectronics Co., Ltd. and Ji Cai Company. The large amount of this LED display is as high as 1.5 billion yuan. Qinshang Optoelectronics staff said that "the plan is still not ideal, mainly because the company is the supplier, generally the number of purchasers, the company will provide more, more passive." However, the staff frankly, with Kyrgyzstan The purchase contract signed by the color company is an accidental order, not the performance focus of Qinshang Optoelectronics.
Qinshang Optoelectronics achieved operating income of 769 million yuan last year, an increase of 39.30% over the previous period, and realized operating profit of 126 million yuan, an increase of 30.40% over the previous period. The net profit attributable to shareholders of listed companies was 125 million yuan, an increase of 53.68% over the previous period. This year's quarterly report revealed that net profit for the first six months of 2012 is expected to increase by 10%-40%.
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