Hengdian Group Tospo Lighting released its half-yearly report on August 15th. During the reporting period, the company achieved revenue of CNY 2.143 billion, a 12.70% decrease compared to the same period last year. Net income attributable to shareholders of the listed company was CNY 0.178 billion, which increased by 8.05% year-on-year.
During the reporting period, facing fierce industry competition and uncertain external environment, the company actively adjusted its product structure and market strategy, proactively increased the proportion of high value-added lighting product sales, and actively reduced the scale of market business in high-risk areas. In the civil lighting business, through efficient operation based on scale, iterative management, and the ultimate value for money, it maintained market competitiveness, further increased the proportion of lamp products, and consolidated its leading position in the civil lighting industry. In the commercial lighting business, centered around customers' demand for customization, intelligence and specialization, the company realized category enrichment and product upgrades through digging, understanding, converting and satisfying user needs. At the same time, the company continuously strengthens its ability of global industrial layout and localized customer service, continuously increases the market share of some segmented product areas, and constantly explores new customers and channels.
