Sunshine Lighting Sets 50 Million Subsidiaries to Expand North American Business

Sunshine Lighting announced on June 1 that due to business development needs, the company invested RMB 50 million in cash to establish a wholly-owned subsidiary. The subsidiary name is Zhejiang Sunshine Mejia Lighting Co., Ltd., which is mainly engaged in the manufacture of lighting appliances (except for lamps). Sales, manufacturing of LED lighting products.

Sunshine Lighting said that the establishment of this subsidiary is based on the innovation needs of the management model of the company's business division. The future business of the subsidiary is focused on the expansion of the regional market in the Americas, which is conducive to enhancing the customer service capabilities of the company. The source of this investment fund is the company's own funds, which has no significant impact on the financial status and operating results of the current period.

It is reported that in 2014, Sunshine Lighting achieved sales revenue of 3.251 billion yuan, a year-on-year increase of 2.59%. The net profit attributable to shareholders of listed companies was 288 million yuan, a year-on-year increase of 24.31%. Among them, LED lighting products revenue was 1.624 billion yuan, a year-on-year increase of 65%, sales of 71.57 million, an increase of 124%; integrated electronic energy-saving lamps revenue of 1.151 billion yuan, down 25%, sales of 182 million; energy-saving lamps revenue 3.91 100 million yuan, down 32% year-on-year, sales of 20.63 million sets.

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Description for Hand Mixer With Rotary Plastic Bowl


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