Linyang Energy (601222) released a semi-annual report. In the first half of the year, the company achieved LED revenue of 53.823 million yuan, a year-on-year decrease of 31.42%; the gross profit margin of products was 21.41%, an increase of 0.2 percentage points over the same period of the previous year. During the reporting period, the operating income of LED series products decreased by 31.42% compared with the same period, mainly due to the reduction of low-margin foundry business. Founded in 2012, Linyang Lighting is a wholly-owned subsidiary of the listed company “Linyang Electronicsâ€. Its production base is located in Qidong, Jiangsu, and its marketing center is located in Pudong, Shanghai. Linyang Lighting is principally engaged in the R&D, production, sales and engineering installation of LED lighting fixtures, drive power supplies and intelligent control systems. At present, Linyang Lighting focuses on intelligent lighting system solutions, focusing on market segments such as LED light source, road lighting, architectural lighting, landscape lighting and office lighting.
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