After the name change, the first-time results of the company’s sales in the first half of the year exceeded 24.1 billion yuan.
On July 27, Yannuofei disclosed its results for the second quarter and first half of 2018.
According to the report, in the second quarter of 2018, Yannuofei achieved sales of 1.537 billion euros (approximately RMB 12.195 billion), a decrease of 9.5% compared with the same period of last year; net income of 29 million euros (approximately RMB 230 million) , a 60% drop from the same period last year. In the first half of 2018, Yannuofei achieved sales of 3.038 billion euros (about RMB 24.104 billion), a year-on-year decrease of 10.4%; net income of 49 million euros (about 389 million yuan), down 63.2% year-on-year.
From the perspective of specific product revenue, in the second quarter of 2018, Yannuo achieved Lamps sales of 351 million euros, LED sales of 443 million euros, sales of professional products business of 652 million euros and sales of household products business of 89 million euros. Compared with the same period of 2017, it decreased by 21.8%, 7.2%, 2.5%, and 11.1% respectively. In the first half of 2018, Yannuo achieved Lamps sales of 722 million euros, LED sales of 887 million euros, and professional product business sales of 1.245 billion. Euro and home products business sales of 181 million euros, down 23.1%, 6.2%, 3.5%, 12.2%.
From the perspective of the market area, the European region (including Russia and Central Asia previously classified as other regions) performed best in the second quarter of 2018 and the first half of 2018, with sales of 526 million euros and 1.082 billion respectively. The euro fell by 2.1% and 1.7% respectively.
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