April 28, 2024

In 2010, Zhen Mingli’s revenue in the mainland will increase to 33%.


Zhen Mingli's turnover in 2009 was bearish. The net profit after tax for the year was 157 million Hong Kong dollars. Although the annual growth rate was 13.7%, the turnover was 1.11 billion Hong Kong dollars, down 31.3% year-on-year.

Fan Minghong, chairman of Zhenmingli, said that although the turnover in 2009 was bearish and benefited from the appreciation of the renminbi and the development of urbanization in the mainland, it is expected that the proportion of revenue of Zhen Mingli in the mainland will increase from 13% in 2009 to 33% in 2-3 years. It accounts for 1/3 of the total income.

Fan Banghong said that the group has transferred labor-intensive production lines to Vietnam. It is estimated that labor costs will increase by about 20% in 2010, capital expenditure will increase by 600-700 million yuan, but LED lamp production capacity will grow four times to 1 billion per month. With a high output, the chip will grow three to 40,000 pieces.

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