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Ocean King lighting difficult to show smiles 2014 revenue net profit double drop
On February 26, Ocean King Lighting Technology Co., Ltd. released the 2014 annual performance report. In 2014, the company achieved operating income of 1.056 billion yuan, down 6.62 year-on-year; net profit attributable to shareholders of listed companies was 172 million yuan, down 0.49 year-on-year. Ocean King Lighting said that due to internal adjustments of customers and changes in the external environment, the company's sales revenue decreased compared with the same period of last year, affecting the company's overall profitability. The weighted average return on equity decreased by 2.88 compared with the same period of the previous year, mainly due to the increase in net assets of the company due to the availability of funds raised from initial public offerings, and the decrease in net sales of the company's sales revenue compared with the same period last year.