On April 20, Ocean King (002724) released its 2015 financial report. The report shows that Ocean King achieved operating income of 896 million yuan in 2015, down 15.15% from 2014; net profit attributable to shareholders of listed companies was 67.23 million yuan, a decrease of 60.83% compared with 2014.
It is understood that affected by the macro-economic and lighting industry competition pattern, Ocean King's sales revenue decreased compared with the same period of last year, affecting the company's overall profitability.
In addition, due to the impact of the decline in revenue, and in the first half of 2015, the company decided to pay a total of RMB 34,714,800 for the relocation of employees in the supply chain management department, quality assurance department and laboratories in the first half of 2015, resulting in a decline in the company's profits.
According to the data, Ocean King specializes in the research, development, production, sales and service of special environmental lighting equipment. The products cover three series of fixed lighting equipment, mobile lighting equipment and portable lighting equipment.
With the wide application of LED in the field of residential lighting and commercial lighting, LED has gradually been applied to the field of special environmental lighting.
The special environmental lighting industry is a sub-sector in the lighting industry. The market demand is relatively scattered and the industry is relatively different. At present, the concentration of the special environmental lighting industry is relatively low, and there are fewer companies with larger scales. Most small and medium-sized lighting companies use price competition as their main competitive means, and there is a phenomenon of product homogeneity.
Since its establishment, Ocean King has been committed to the development, production, sales and service of special environmental lighting equipment, and has gradually formed a good brand and reputation.
According to the report, in 2015, Ocean King's R&D investment amounted to RMB 57,187,100, and it invested in research and development of nearly 20 professional lighting projects. It is expected that the company will improve its competitiveness in the professional lighting field in the future.
After the continuous improvement of energy conservation, environmental protection and safety management requirements, the performance of Ocean King in the first quarter of 2016 has been significantly improved.
In the first quarter of 2016, Ocean King achieved operating income of 138 million yuan, up 0.98% from the first quarter of last year; net profit attributable to shareholders of listed companies was 21.1 million yuan, up 5.46% from the first quarter of last year.
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