Foshan Electrical and Lighting (RCode:000541:) filed its net profit and revenue grew 45.84 percent and 32.87 percent year-on-year to 118 million yuan and 1.1 billion yuan in the first half for earningsper share (EPS) of 0.12 yuan, reports yicai.com.

The costs of phosphor, soldering wires, and lamps increased in the first half. Labor costs also rose significantly. The company will adjust its production plan in the second half and speed up research and development of new products, namely its EC030 and LED products. It will also expand its marketing network in second- and third-tier cities.