Tongfang Youyou (01868) announced that on June 29, 2017, Heshan Tongfang Lighting, a wholly-owned subsidiary of the Group, entered into a framework agreement with Heshan Industrial City Management Committee for the planning and construction of Tongfang Science and Technology City (one to be operated by Heshan Tongfang). Science and Technology Park) develops and expands the electronic information industry and LED lighting industry in Heshan Industrial City.
According to the plan, the park will be divided into 4 bases according to different functions, namely lighting technology town for LED lighting product promotion and display, new light source production base for LED lighting products production, lighting for LED lighting product development. Industrial incubator base, lighting headquarters for overall management; Science and Technology Park covers a total construction area of ​​about 560,000 square meters.
According to the announcement, the framework agreement marks the Group's continued efforts to expand its existing R&D, sales and production of LED decorative lights, LED general lighting products, LED professional lighting products and engineering business. The cooperation with the Heshan Industrial City Management Committee also demonstrates the local government's commitment and confidence in the Group's business and operations.
As the first expansion of the share of Tongfang after the acquisition of Zhen Mingli, it is reported that in the field of lighting, Tongfang shares will be the core enterprise of Tongfang Youyou, and integrate the lighting industry chain into a new main body for IPO.
“The new board of directors and management will build an ecosystem of industry, finance and incubation through a series of reforms and innovations.†Huang Yu, president of Tongfang, gave a speech at the “Tongfang 20th Anniversary Industry Development Forum†held on the 25th. Said at the time.
In the 2016 annual results of Tongfang Youyou, the Group's revenue during the period was RMB 611 million, an increase of 1.5% from RMB 602 million in the same period of 2015; gross profit was RMB 189 million, compared with RMB 167 million in the same period of 2015. Yuan has improved.
The company's gross profit margin was approximately 30.8%, an increase of 3% from the gross profit margin of approximately 27.8% in 2015. The profit attributable to owners of the company was RMB 11.778 million, an increase of 102.48% from RMB 5.81 million in the same period of 2015.
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