Focus Lightings Tech (300708.SZ) released its third-quarter report on October 10th. In the first three quarters, the company achieved a revenue of 2.022 billion yuan, a year-on-year increase of 10.61%. The net income attributable to the shareholders of the listed company was 0.16 billion yuan, a year-on-year increase of 107.02%. The net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.151 billion yuan, a year-on-year increase of 2,408.97%. The net profit in the third quarter was 46.4866 million yuan, a decrease of 10.62% year-on-year.

Benefiting from the recovery in demand for commercial activities, cultural tourism, large-scale commercial performances, and sports events, the market's terminal demand continues to rebound. The company's production capacity is released, combined with precise product positioning and accurate market demand grasp. High-end products such as high-efficiency lighting, automotive lighting, and backlighting are selling well. The company's production capacity utilization rate and sales rate have been consistently high, and the sales scale remains stable.

The company adheres to a refined management model covering the entire operational process, especially emphasizing on enhancing technological innovation and cost control. Continuous investment in research and development, performance improvement of high-end products, gradual optimization of the structure. Economies of scale are evident, with some raw material prices falling, manufacturing costs continuously decreasing; production efficiency keeps improving, effective cost control, cost reduction and efficiency enhancement, and a significant year-on-year decrease in financial expenses. Net income and net income after deducting non-recurring gains and losses have significantly increased year-on-year.