Zhou Ming Technology's net profit increased by 80% last year, LED lighting overseas market upgrade

On the afternoon of February 28, Zhou Ming Technology (300232) announced the 2013 annual performance report. In 2013, the company achieved operating income of 820 million yuan, an increase of 34.94% over the same period of last year; total profit was 61.72 million yuan, an increase of 72.13% over the same period of last year; net profit attributable to shareholders of listed companies was 40.82 million yuan, an increase of 79.85% over the same period of last year.

Zhou Ming Technology said that the main reason for the increase in performance was that during the reporting period, with the completion of the Pingshan production base of the company's fundraising project, the company's production capacity was fully released and represented by “UTV” and “UMESH” series. The penetration and occupancy rate of high-end LED display products in the market segment has been steadily increased, directly contributing to the increase in operating income.

At the same time, during the reporting period, the company achieved resource integration and focus based on the established strategy at the beginning of the year. The overseas market share of LED lighting was further improved, and the lighting performance was significantly improved compared with 2012.

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