The colour code is a combination of the colour rendering index (CRI) and the colour temperature (K). The first number refers to the CRI (1 = very poor colour rendering, 9 = maximum accuracy). The second and third numbers refer to the colour temperature. For example, a light with a colour code of 830 has very good colour rendering and produces a warm white light.
This indicates which wattage of your old/conventional lighting is replaced by this LED product.