Feile Audio lost nearly 60 million yuan in the first quarter, and will seize the market from Guangjian Channel.
Fei Le Audio, which is in the transition cycle of M&A, has experienced huge fluctuations in its performance.
On April 29, Feile Audio (600651) released the first quarterly report of 2017. The company realized operating income of 1.145 billion yuan in January-March 2017, down 27.92% year-on-year; net profit attributable to shareholders of listed companies was -58.148 million yuan, year-on-year. Decrease by 382.16%.
In 2016, the company achieved a total operating income of 7.178 billion yuan, a year-on-year increase of 41.53%, and a net profit of 351 million yuan, a decrease of 6.66% compared with the same period last year.
Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company's green lighting industry, achieved a total operating income of 1.061 billion yuan, a decrease of 32.08% compared with the same period of last year. The net profit was 61.19 million yuan, an increase of 28.90% over the same period last year.
Beijing Shenan Investment Group Co., Ltd. achieved total operating income of 2.872 billion yuan, down 2.52% from the same period of last year, net profit of 249 million yuan, down 2.88% year-on-year; Shanghai Feile Investment Co., Ltd. realized total operating income of 2.944 billion yuan, net profit - 1.15 billion yuan.
Shanghai Shengyi Industrial Co., Ltd. realized a total operating income of RMB 630.4 million in the first ten months of 2016 and a net profit of RMB 57.95 million in January-October.
Huaxin Securities Co., Ltd., which has a 24% shareholding in the company, achieved a net profit of RMB 270.63 million in 2016, contributing investment income of RMB 64.95 million to the company, a decrease of 46.45% compared with the same period of last year.
According to the “2016 Annual Reportâ€, Feile Audio will be based on strategic planning, based on green lighting and smart lighting, through the combination of products and services, with smart city as the platform and smart street light network as the business. Actively develop business scope and channels, and develop towards becoming a smart city operator and general contractor, and strive to become a domestic first-class lighting solution service provider.
In fact, Feile Audio was very active in the smart city industry in the first quarter of this year.
On April 28th, Feile Audio signed a memorandum with the mayor of Belgrade, Republic of Serbia, to discuss and plan to develop smart street lighting and landscape lighting system in the smart city of Belgrade. Including the intelligent street lighting system in Belgrade, intelligent landscape lighting and energy-saving renovation, the project is expected to amount from 130 million to 150 million euros. The specific plan needs to be determined after formal negotiation between the two parties and the final contract.
On March 29, Feile Audio signed the “Framework Agreement for Cooperation in Government Infrastructure Construction Project†with China Nuclear Industry Fifth Construction Co., Ltd. According to the agreement, the two parties will carry out comprehensive and in-depth cooperation in the smart city industry to realize resource sharing and advantages. Complementary.
On March 28th, Feile Audio and the brother company Yunsai Zhilian launched an industry linkage matchmaking meeting. Yunsai Zhilian invited Feile Audio East China to jointly set up a technical and business team to provide more comprehensive smart city solution projects in the future. Good power support.
On February 22nd, Feile Audio announced that it had signed a Strategic Cooperation Agreement with Guiyang Bank at Guiyang Bank Headquarters. The smart city industry fund to be established by both parties was as large as 50 billion yuan and lasted for 30 years.
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