Global lighting leader Philips Lighting announced on the 22nd to launch a stock repurchase program, plans to repurchase 1.05 million shares of its own stock. Philips Lighting will use these stocks to fulfill its obligations arising from its long-term equity incentive program and other employee shareholding programs. The program will begin on May 22, 2017 and is expected to be completed in the next three months. The 1.05 million shares to be purchased account for approximately 0.7% of the company's issued share capital. According to the current share price, the total value of the repurchase program is about 32 million euros (equivalent to about 248 million yuan). Philips Lighting will continue to hold back the shares until the employee share awards are completed. The plan will be implemented by an intermediary to allow the company to repurchase shares in the open market during the open period and during the closed period. The plan will be implemented in accordance with relevant laws and regulations and the scope of authorization of the shareholders meeting of May 9, 2017. Behind the repurchase of stocks is the continued improvement of Philips Lighting's global business, especially in China. Entering 2017, Philips Lighting's exposure frequency in the Chinese market continues to increase, which shows its emphasis on the Chinese market. Recently, Philips Lighting at the 2017 Innovation Day event, through the virtual reality experience, let people "visit" the smart city of 2030, look at the future urban life scene, and feel the key role of smart connected lighting technology in the development of smart cities. This Philips Lighting introduces intelligent connected lighting systems such as roads, offices and buildings into the world's most advanced comprehensive lighting application center of Philips Lighting. At the Philips Lighting Application Center in Philips, visitors can experience smart connected lighting in real life. The improvement and experience brought by life. The professional lighting market has become the focus of Philips Lighting's business development. The newly released Philips microwave induction LED tube is suitable for energy-saving renovation of underground garages, storage and public facilities. Built-in 5.8GHz microwave probe can realize two-stage induction dimming to meet more lighting needs. Philips Lighting's products not only take care of people's lighting experience, but also play an auxiliary role in the health care field. In terms of channels, the intensity of Philips lighting is also strengthening. Philips Lighting recently launched the "Dandelion Project" to expand the Chinese consumer lighting market, and work with hundreds of elite distributors with the greatest growth potential to optimize the distribution of consumer channels and further enhance the end-user experience. The plan includes a larger and more powerful store promotion material delivery, terminal promotion activities with different themes and different product categories, and support for sales level training and sales skills training. At the same time, in terms of e-commerce channels, Philips Lighting is also improving its layout. Recently, Philips Lighting announced that it has entered the online trading platform Alibaba (1688) to open an official flagship store of professional products. “The opening of the official flagship store of Alibaba is another important measure for Philips Lighting to improve its e-commerce layout.†Shen Xiaohui, general manager of Philips Lighting Greater China Marketing Department, said, “From Tmall to Alibaba, from B2C to B2B, Philips Lighting will continue to strengthen its investment in e-commerce channels in China and enhance the customer experience." Philips Lighting (April 21) reported earnings, core profit growth of 17% in the first quarter, more than expected, as European LED light revenue growth offset the decline in traditional light bulb revenue. Eric Rondolat, president of the company, said that the decline in revenue "has slowed compared to previous quarters." Despite the lower LED prices, the profit margin has been increased by cutting costs. The EBITA of the LED lighting business unit has increased from 20 million euros to 20 million euros. 39 million euros. Philips once again expects profit margins to improve in 2017 and revenues to resume growth. In 2016, Philips Lighting's annual operating profit margin increased by 180 basis points to 9.1%, and its annual net income reached 185 million euros (equivalent to approximately RMB 1.361 billion). In terms of LED business, Philips Lighting achieved revenues of 55% in 2016, exceeding 50% for the first time, an increase of 7 percentage points compared to 2015. China Changing Cabinet,Battery Cabinet,Battery Changer Cabinet,Battery Switch Cabinet, we offered that you can trust. Welcome to do business with us. Changing Cabinet,Battery Cabinet,Battery Changer Cabinet,Battery Switch Cabinet Shenzhen Hongjiali New Energy Co., Ltd. , https://www.hjlcharger.com