COMPANY PROFILE
Foshan Electrical and Lighting Co., Ltd. is the first experimental enterprise of stock system transformed by the former state-owned enterprise Foshan Electrical and Lighting Company owned by the whole people (the former Foshan Bulbs Factory established in 1958) in October 1992. It is approved to issue the domestic shares (A share) to the society in October 1993, and issue the domestically listed foreign shares (B share) in August 1995. It is approved by the China Securities Committee to issue 5500 million more A shares in Dec., 2000. The company was selected one of the " Top Ten Listed Companies" of 1995 in the Shenzhen Stock Exchange, with its comprehensive achievements ranking the first. It is selected one of the top 100 strongest listed companies in China by Asia Weekly in HongKong in 1997, and one of the 50 listed companies with strongest developing personality in China by Shanghai Asia Commerce and China Security in both the 1 and 2 selections respectively in 1999 and 2000.
The company is approved as a high-tech enterprise in Guangdong Province in 2001.
As a large-scale key electro-optical enterprise in China, and an export base for mechanical and electrical products approved by the State Council, our company enjoys the management right for exports and imports managed by the enterprise itself. Since 1990, our company has been selected as one of the 500 national large and medium-size industrial enterprises with best economic benefit for sequential years as well as the top in the national electrical and mechanical manufacture industry. In 1995, the company won the 172nd in the 500 Chinese industrial enterprises with the best comprehensive appraisal, and one of the top light industrial enterprises in China. It produces and sells electro-optical products, and enjoys the good name as the "Lamp King in China" in the markets both at home and abroad. It is the foreign-oriented enterprise with largest scale, highest quality, greatest exchange earnings and best benefits in the national electro-optical industry, with its main indices such as the gross industrial output value, total profits and taxes, exchange earnings by export and labor productivity per capita all ranking the first row among enterprise of the same trade.
Main business scope and business situation of our company: the company mainly produces and sells various electro-optical products, such as the ordinary bulb, decorative bulb, iodine-tungsten lamp, bromine-tungsten lamp, single-end lamp, automobile lamp, motorcycle lamp, high-tension mercury lamp, high-tension sodium lamp, metal halide lamp, T8 and T5 fine-caliber energy-saving fluorescent lamp, compact fluorescent lamp and reflector cup, as well as luminaire series products completed with T8 and T5 energy-saving lamps. About 40-50% of its products are sold abroad. As for its domestic market, the company has not only strengthened the market in Guangdong Province, but also expanded to major large and medium cities all over the country. The company has scientifically adjusted the product structure and marketing policy according to the market demand, and speeded up the production of T8 and T5 high-efficient energy-saving fluorescent lamps as the green lighting light source, making it the main investment item applying the funds raised by issuing more A shares. By the effects of several years, our company has shaped 15 production lines for T8 fluorescent lamps with annual output scale of 150 million pieces. T8 fluorescent lamps made by our company has shocked the domestic market depending on its high-tech, high quality, low cost and considerable price, set up a completely new image and was highly praised by the customers. In 2001, the total output of bulbs was 679 million pieces, increasing by 28% than that of last year, ranking the first among enterprise in China. From January 2002 to September 2002, the total output of bulbs has increased by 10.63% than that of last year in the same period.
In 2001, the gross industrial output value has increased by 23%. From January 2002 to September 2002, the gross industrial output value has increased by 20.97% than that of last year. It earned over USD 32.3 million foreign exchanges in 2001. From January 2002 to September 2002, it has increased by 10.16% than that of last year.
In 2001, main business income realized is RMB823.71 million, increasing by 28% than that of last year, ranking the first among enterprise in China. From January 2002 to September 2002, it has increased by 10.16% than that of last year.
In 2001, main business income realized is RMB 823.71 million, increasing by 19.85% than that of last year. From January 2002, it has increased by 13% than that of last year. In 2001, the business profits realized is RMB 271 million, increasing by 29.4%, ranking the first among all enterprises. From January 2002 to September 2002, the profits realized is RMB 176.80 million, increasing by 9.51% than that of last year. In 2001, our company paid 127 million for taxes, ranking the first among enterprises not only in Foshan, but also all over the country.
With the great support of the municipality, our company has formed Fosahn Lighting Town, covering an area of 300 mu, which is followed by 100 mu factory land purchasing and reconstruction in 2001 and also by purchasing the Transformer Factory, Dunhou Village and the Vibrator Factory covering an area of 100 mu.