Feile Audio's 2012 net profit of 105 million yuan decreased by 31% year-on-year

On March 22, Feile Audio released its 2012 annual report. In 2012, the company achieved a total operating income of 2.014 billion yuan, an increase of 2% over the same period of last year; a net profit of 105 million yuan, a 31% decrease over the same period last year; basic earnings per share of 0.14 yuan, down 42%.

According to the report, Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company, achieved a total operating income of 1.642 billion yuan and a net profit of 44.65 million yuan. Shanghai Yaming Lighting will continue to focus on the green lighting industry in the future, with energy-saving and environmentally-friendly green lighting products as the company's mainstream products. Adhere to the development strategy of "market priority, technology leadership, transformation and development".

Feile Audio said that in 2013, the company will continue to implement the strategic policy of focusing on the green lighting industry and increase investment in technology and green lighting industry. The LED business focuses on the planning and implementation of core technologies, products and lighting solutions to support the rapid development of the business.

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