Zhouming Technology issued a notice on September 14th. The company intends to increase its capital by Beijing Century Dingyuan Investment Co., Ltd. with its own funds of 2.77 million yuan. After the investment is completed, the company will hold 10% equity of Century Dingyuan.
Zhou Ming Technology said that Century Dingyuan is an investment company specially established for the Hungarian national public lighting renovation project. This time, the company will increase its capital and expand its shares. It is the overseas business of the LED lighting overseas business and the contract energy management EMC business. An important pilot. In addition, it will also create revenue for the company and help the company lay a good foundation in the field of overseas lighting.
Overseas business is showing a high growth trend
"The LED industry is extremely competitive this year." Wu Yulin, president of Foshan Lighting Association, said that the LED industry, especially the lighting industry, has a serious overcapacity. This year, the "price war" of the domestic LED lighting industry has become increasingly hot. In order to compete for market share, in addition to the traditional price war, the LED lighting companies have gradually staged competitions in terms of brands and channels.
The reporter noted that the semi-annual report of Zhouming Technology mentioned the growth of overseas performance. In the first half of 2015, the overseas performance of Zhouming Technology showed a high growth trend, achieving a revenue of 449 million yuan, a year-on-year increase of 57.50%.
In addition, in terms of subdivided products, Zhouming Technology achieved a revenue of 168 million yuan in small-space commercial super TVs in the first half of 2015, accounting for 26.68% of the main business income, an increase of 113.01%.
Ping An Securities Industry Research Report shows that the price of LED products is falling at a rate of 30% every year. The competition in the industry is intensifying. Only by improving production and improving technology can LED companies be exempted from being eliminated in the industry competition.
Actively increase the overseas market
Zhou Ming Technology announced that the capital increase of Century Dingyuan is an investment company established for the national public lighting renovation project in Hungary. It was jointly established in 2014 with AVIC New Energy Development Co., Ltd. and Tongtai Holding Group Co., Ltd. AVIC Tongtai (Hong Kong) Investment Co., Ltd. AVIC Tongtai has signed a strategic cooperation agreement with the German branch of the Italian Eon Group, and China Aviation Tongtai will carry out LED transformation with the German E.ON Group on the municipal street lamps in Hungary. "Daily Economic News" reporter called Zhou Ming Technology Secretary secret office to consult related matters, Zhou Ming Technology Secretary Xu Peng said that through this cooperation, the company can gain investment income through the participation of Century Dingyuan, on the other hand through Hungary The municipal energy-saving renovation project provides products to achieve sales revenue.
Xu Peng said that the main significance of the capital increase of Century Dingyuan is to follow the example of AVIC Tongtai. Participating in the Hungarian public lighting LED renovation project is an important pilot pilot for the company's road lighting EMC business to enter the overseas market. It is one of the practical measures to actively implement the national “One Belt, One Road†strategy and will accumulate valuable for the company's lighting EMC overseas industry. Operational experience.
He Zaihua, a senior researcher at China Investment Consulting, said that in the case of the general downturn in the LED lighting industry, overweight overseas markets are an inevitable choice.
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