NVC's net profit fell by nearly 3 components in the first half of the year, and management fees rose
On September 18, according to the news of the Hong Kong Stock Exchange, NVC Lighting today announced the 2014 Interim Report. According to the report, as of June 30, 2014, the owner of NVC Lighting's parent company had a profit of 58.043 million yuan, a decrease of 28.55% compared with the same period last year of 81.234 million yuan. According to the Interim Report, the decline in net profit was mainly due to market pressure, a significant increase in distribution fees and management fees.
According to the report, as of June 30, 2014, NVC Lighting's total revenue was approximately 1.703 billion yuan, a slight increase compared to last year's construction period of 1.688 billion yuan, but on the other hand, as of June 30, 2014, NVC Lighting's parent company The owner's profit was 58.043 million yuan, a decrease of 28.55% compared with the same period last year of 81.234 million yuan.
According to the review of the China Daily, the LED lighting market has low concentration, fierce competition in the industry, and rapid advances in technology development, which has accelerated the speed of LED lighting products, and the profit level of lighting companies has been under certain pressure. In addition, while LED lighting products are rapidly emerging, traditional lighting products are subject to greater impact, and market demand is gradually decreasing.
According to the report, the sales and distribution expenses of NVC Lighting increased by 45.6% over the same period to RMB 175 million. The increase was mainly due to the increase in labor costs due to structural adjustment and staff increase and the increase in advertising and publicity expenses. The proportion of income rose from 7.1% to 10.3%. At the same time, the China Daily also pointed out that the management fee of NVC Lighting increased by 17.5% over the same period, reaching RMB 152 million. The increase was mainly due to the increase in labor costs and bad debts. The ratio of administrative expenses to income increased from 7.7% to 9.0%.
According to the report, as of June 30, 2014, NVC Lighting's total revenue was approximately 1.703 billion yuan, a slight increase compared to last year's construction period of 1.688 billion yuan, but on the other hand, as of June 30, 2014, NVC Lighting's parent company The owner's profit was 58.043 million yuan, a decrease of 28.55% compared with the same period last year of 81.234 million yuan.
According to the review of the China Daily, the LED lighting market has low concentration, fierce competition in the industry, and rapid advances in technology development, which has accelerated the speed of LED lighting products, and the profit level of lighting companies has been under certain pressure. In addition, while LED lighting products are rapidly emerging, traditional lighting products are subject to greater impact, and market demand is gradually decreasing.
According to the report, the sales and distribution expenses of NVC Lighting increased by 45.6% over the same period to RMB 175 million. The increase was mainly due to the increase in labor costs due to structural adjustment and staff increase and the increase in advertising and publicity expenses. The proportion of income rose from 7.1% to 10.3%. At the same time, the China Daily also pointed out that the management fee of NVC Lighting increased by 17.5% over the same period, reaching RMB 152 million. The increase was mainly due to the increase in labor costs and bad debts. The ratio of administrative expenses to income increased from 7.7% to 9.0%.
Single Burner with Built in Hob
Single Burner Gas Stove,Stainless Steel Surface Hob,Single Burner Gas Cooktop,Single Burner Gas Hob
xunda science&technology group co.ltd , https://www.gasstove.be