The annual report released by Stellar Gaohong recently showed that the operating income for 2015 was 752.5577 million yuan, an increase of 51.04% over the same period of last year; the net profit was 2,233,300 yuan, an increase of 2,298.24% over the same period of last year.
As of December 31, 2015, the total assets of stellar Gaohong were 71.8821 million yuan, an increase of 81.96% over the same period of the previous year; the net assets attributable to the listed company shareholders was 2,197.7 thousand yuan, an increase of 592.14% over the same period of the previous year.
The operating cost of stellar Gaohong in 2015 increased by 37.15% compared with the same period of last year, which was mainly due to the increase in the cost of the LED filament lamp after the whole lamp business; the management expenses increased by 91.98% compared with the same period of last year, mainly after the increase of the LED filament lamp business. The increase in management costs; sales expenses increased by 193.05% over the same period of the previous year, mainly due to the increase in market development costs after the increase in LED filament lamp business.
According to the data, Stellar Gaohong is mainly engaged in the R&D, production and sales of LED packaging devices and LED lighting fixtures. The main products are LED lighting applications such as 2835 lamp bead, filament and other LED packaging devices and LED full-angle luminous filament lamps. Currently, the corresponding profit and cash flow are obtained by selling products.
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