electronic rearview mirror , streaming rearview mirror,digital rear view mirror,electronic rear view mirror Hangzhou Hikauto Technology Co.,Ltd , https://www.hikmotorstore.com
According to Changfang Lighting, during the reporting period, the LED market continued to increase in volume. Governments have introduced relevant policies, phased out incandescent lamps, and promoted the application of LED lighting in indoor lighting. The LED lighting market is developing rapidly, and the company firmly grasps this. At a good time, through comprehensive expansion of production scale, improvement of technical level and product innovation capability, and strengthening of market expansion, etc., to improve product competitiveness and market share, sales revenue grew rapidly.
According to Changfang Lighting, in order to consolidate and expand the market, the company increased investment in channels and efforts, and carried out brand integration, resulting in higher company costs and adopting strategies such as active price cuts, resulting in a decline in product gross profit and a decrease in net profit. 
Product gross profit decreased, long-term lighting, net profit fell by 38% in 2013
Changfang Lighting released the 2013 performance report, the company achieved operating income of 812 million yuan, an increase of 42.03% over the same period of the previous year; operating profit was 2,341,600 yuan, down 57.51% over the same period of the previous year; total profit was 32,186,600 yuan, compared with the previous year During the same period, the decrease was 40.10%; the net profit attributable to shareholders of listed companies was 29.31 million yuan, a decrease of 38.37% over the same period of the previous year.