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The report shows that "annual production of 500,000 sets of LED lights and supporting projects" is expected to reach production at the end of the year, and will be used for batch matching of Golf 7 and other models. LED headlamp research and development and high-end vehicle supporting projects are also underway. The increase in ratio will drive the future level of gross profit margins. The company has officially launched the “1 million sets of headlights project†of Jilin Xingyu Auto Lamp Co., Ltd., and has begun preparations for the construction of the Foshan plant, laying a solid foundation for product structure and customer structure upgrade and sustainable and stable development in the future.
Comments: LED production capacity release, cost control stability 500,000 sets of LED lamp production capacity release, downstream: Leiling, Corolla LED rear lamp matching capacity has increased significantly, driving the car lamp business revenue, profits increased significantly, in addition to the profit of LED lights The ability is strong, so with the increasing amount of LED lights, the proportion of supporting facilities will increase, and the company's profitability is expected to gradually increase.
The rate was almost flat during the period and the cost was well controlled. Investment income increased by 23.85 million yuan, mainly due to the entrusted loan income transferred to investment income. In the fourth quarter of 2013, there were 27.32 million investment income. It is expected that the year-on-year impact in the fourth quarter of 2014 will disappear, and the growth rate in the fourth quarter is expected to slow down. 
Xingyu shares disclosed three quarterly reports recently. In the first three quarters of 2014, it achieved operating income of 1.374 billion yuan, up 20.98% year-on-year; net profit attributable to parent company was 178 million yuan, up 30.59% year-on-year. In the third quarter, the single-quarter revenue was 493 million yuan, a year-on-year increase of 30%; the net profit attributable to the parent company was 66.01 million, a year-on-year increase of 67%, and the EPS was 0.28 yuan, significantly exceeding market expectations.