On August 10, Wanrun Technology released the 2012 semi-annual report. During the reporting period, Wanrun Technology achieved total operating income of approximately 196.18 million yuan, a year-on-year increase of 3.15%; total profit reached 29.65 million yuan, down 7.77% year-on-year; net profit attributable to listed company shareholders was 25.68 million yuan, down 6.78% year-on-year.
Wanrun Technology said that it was affected by the macro economy. In the first half of 2012, the overall performance of the LED industry was not good. Although the country has successively introduced support policies for energy-saving lighting, the large-scale release of domestic lighting market demand will take time, these unfavorable factors. There was no significant improvement in the first half of 2012. For the decline of the company's net profit during the reporting period, Wanrun Technology concluded the following two reasons:
First of all, Wanrun Technology's orders in the first six months of this year did not meet expectations. Although the sales volume of the company's leading products of light source devices increased by 18% year-on-year, due to the decrease in sales unit price, the main business income in the report period only increased by 3.89% year-on-year; The gross profit margin of the reporting period decreased slightly, resulting in a decrease of gross profit of 3.38% in the case of a year-on-year increase in revenue from the main business.
Secondly, in order to expand market share, the company's investment in sales force and advertising has increased during the reporting period, which has increased sales expenses by 26.64% during the reporting period. The increase in labor costs has led to a significant increase in employee compensation expenses in management expenses. Administrative expenses increased by 15.56% year-on-year.
Wanrun Technology said that it was affected by the macro economy. In the first half of 2012, the overall performance of the LED industry was not good. Although the country has successively introduced support policies for energy-saving lighting, the large-scale release of domestic lighting market demand will take time, these unfavorable factors. There was no significant improvement in the first half of 2012. For the decline of the company's net profit during the reporting period, Wanrun Technology concluded the following two reasons:
First of all, Wanrun Technology's orders in the first six months of this year did not meet expectations. Although the sales volume of the company's leading products of light source devices increased by 18% year-on-year, due to the decrease in sales unit price, the main business income in the report period only increased by 3.89% year-on-year; The gross profit margin of the reporting period decreased slightly, resulting in a decrease of gross profit of 3.38% in the case of a year-on-year increase in revenue from the main business.
Secondly, in order to expand market share, the company's investment in sales force and advertising has increased during the reporting period, which has increased sales expenses by 26.64% during the reporting period. The increase in labor costs has led to a significant increase in employee compensation expenses in management expenses. Administrative expenses increased by 15.56% year-on-year.
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