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The approximately 6.6583 million yuan frozen funds in the dedicated settlement account of Foshan Lighting have been fully unfrozen.
Radar Finance Text | Yang Yang Edited | Li Yihui
On February 25th, Foshan Electrical Lighting Co., Ltd. (Stock abbreviation: Foshan Lighting, A-share code: 000541) announced that the frozen RMB 6,658,273 in its dedicated settlement account for fundraising financial products has been fully unfrozen. Previously, due to involvement in litigation, this portion of funds was frozen, accounting for 0.61% of the company’s net proceeds from issuing A-shares to specific investors in 2023.
The company applied to the court for preservation change and replaced the frozen funds with its own funds from the general account. The frozen funds have now been restored to normal use. During the freezing period, there was no impact on the company’s fundraising investment projects or normal production and operations.
According to Tianyancha data, Foshan Lighting was established on October 20, 1992, with a registered capital of 1,535.77823 million RMB. The legal representative is Yu Zhongmin, and the registered address is No. 64, Fenjiang North Road, Chancheng District, Foshan City. Its main business includes the research and development, production, and sales of general lighting, electrical products, automotive lighting, LED packaging products, and more.
Currently, the company’s chairman is Yu Zhongmin, the secretary of the board is Huang Zhenhuan, with 12,201 employees. The actual controlling shareholder is Guangdong Guangsheng Holding Group Co., Ltd.
The company has 26 associated companies, including Nanjing Foshao Lighting Equipment Manufacturing Co., Ltd., Foshao (Hainan) Technology Co., Ltd., Foshan Sigma Venture Capital Co., Ltd., Foshan Foshao Smart City Technology Co., Ltd., Foshao Huaguang (Maoming) Technology Co., Ltd., and others.
In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 8.76 billion, RMB 9.057 billion, and RMB 9.048 billion, respectively, with year-on-year growth of 0.39%, 3.39%, and -0.10%. The net profit attributable to shareholders was RMB 230 million, RMB 290 million, and RMB 446 million, with year-on-year growth of -23.10%, 26.07%, and 53.67%. During the same period, the company’s asset-liability ratio was 43.74%, 42.30%, and 40.75%.
Regarding risks, Tianyancha data shows the company has 210 internal Tianyan risks, 4,265 surrounding risks, 5,481 historical risks, and 528 warning alert risks.