During a recent webinar, Shenzhen ChangFang Lighting Secretary of the Board Qinqin Wu expressed that the company’s LED packaging products and LED application products will continue to be the main business direction for the company and that in the future the company will have a fixed position as leader in the LED lighting field as an internationalized local brand.
In regards to the problems faced by the company for their future development plans, Mrs. Wu pointed out that the company has already expanded its production capacity for LED packaging this year, consolidating its sales and expanded market share.
At the same time, Mrs. Wu expressed that in regards to LED application products, the company’s channel layout has already met with initial success. Relying on good product quality and after market service has won the company praise. The company plans to continue strengthening its channel construction in order to expand product market share and deepen market penetration.
Industry insiders remarked that, “ChangFang has a clear superiority in cost and market scale. Packaging components are completely self-sufficient and production capacity is already getting close to Taiwanese manufacturer Everlight’s scale size. For the company’s entire LED business, the outlook seems bright.”
Shanghai Securities believes that the company’s current packaging production capacity has surpassed 1700KK/month, and is predicted to surpass 2400kk/month by the end of the year closing in on Everlight. If the company’s actual production capacity utilization rate is considered, production capacity has already surpassed Everlight taking over first place.
ChangFang already in possesses of 150 first tier agents and 100 distributers. LED lighting terminal products for the company all go through sales channels.
At the end of the first half of 2013, the company has an actual total income of RMB$364 million, an increase of 53.47 percent compared to last year during the same time period. Income before tax is RMB$37.34 million, 0.90 percent growth from last year and net profit reached RM$32.1 million with a 1.98 percent growth from last year.
