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Feile Audio said that in the first half of 2012, the company increased the research and development of LED general lighting, and the input cost has increased significantly compared with previous years. At the same time, the company increased its investment in automotive LED lighting and completed the acquisition of 54.465% of Shanghai Shengyi Industrial Co., Ltd.
In the second half of 2012, Feile Audio said that it will continue to focus on the green lighting industry and focus on energy-saving and environmentally-friendly green lighting products.
On August 31, Feile Audio released the 2012 semi-annual report. During the reporting period, the operating profit of Feile Audio was approximately 79.82 million yuan, down 6.63% year-on-year; the total profit was approximately 83.66 million yuan, down 30.23% year-on-year; the net profit attributable to shareholders of listed companies was approximately 65.4 million yuan, down 31.48% year-on-year.