FSL(SZ:000541)2022-12-04 09:04Company Overview - Founded in 1958, Foshan Electrical and Lighting Co., Ltd. has a 60-year history [2] - The company has five production bases located in Foshan, Nanhai, Gaoming, Henan Xinxiang, and Jiangsu Nanjing, showcasing strong production capabilities [2] - The company maintains a low asset-liability ratio and has a strategic layout across three main sectors: lighting, electrical engineering, and automotive lighting [2] Future Development Focus - The company aims to develop home lighting, commercial lighting, and LED automotive lighting [3] - Plans to accelerate the market entry of original lanterns and high-end lighting products, focusing on sales in economically developed regions [3] - The company is adopting a new retail model that integrates online sales with offline experiences and modern logistics [3] - Targeting expansion in education, real estate, rail transit, and brand chain sectors to increase market share in home and engineering lighting channels [3] Automation and Efficiency - Since 2016, the company has invested significantly in production automation, saving approximately 3,000 production workers and greatly improving production efficiency [3] - Future plans include further automation upgrades, enhancing flexibility and compatibility in production processes [3] Smart Product Development - Smart products are a key research and development focus, with ongoing efforts to enrich the product range and upgrade smart control technologies [4] - In 2018, the sales revenue from smart products reached 14.18 million yuan, and in the first half of 2019, it increased to 20.31 million yuan [4]