Guoguang Electric: This year it is necessary to turn around

The collapse of the AuraSound capital chain of the US-based company's participation in the company's shares, coupled with the fact that the overall economic environment in 2012 was not easy, caused the company's 2012 results to suffer a greater impact. The management of the company stated that it will be overturned in 2013.

According to Guo Guo, vice president of the company's electrical equipment and secretary of the Executive Secretary Ling Qin, the US economy is weak and the growth rate of emerging economies is slowing down. For Guo Guang, which accounts for 90% of the total export volume of sound business, the difficulty is self-evident. From the whole year of 2012, the company's overseas business fell by about 17%, and its gross profit margin increased slightly. Summing up the development in recent years, the company fully realized that although the company's operating income has been continuously improved over the past few years, there has been no significant increase in net profit. To this end, "The company's major development strategy in the future will focus on improving profitability and further implement the big customer strategy and quality customer strategy." Ling Qin said.

In the future, while continuing to open up overseas markets, China Optoelectronics will also vigorously explore new channels for the domestic market. At present, there are nearly 100 direct sales stores of Guoguang Electric in China, but the operating conditions are still not optimistic. Ling Qin said: "The domestic market is still at the stage of laying the foundation, and the results will be gradually apparent in the next year or the year after."

Due to the depreciation of Aurasound’s assets and the loss of five other subsidiaries, Guoco is expected to lose 160-180 million yuan in losses last year. In this regard, Zheng Yamin, vice president and chief financial officer of Guoguang Electric, said that last year Guoguang There is no major fluctuation in the profit level of the main business of the electrical appliances. The situation of significant loss of non-recurring gains and losses will cease to exist in 2013 and the financial status of the company will be greatly improved.