Pump Clam, Locking Plier NINGBO LUBAN ELECTRIC POWER TOOLS CO.,LTD. , https://www.aye-group.com
Foshan Lighting 180 million yuan to acquire 32.85% stake in Nanhe Industrial
By acquiring the equity of Nanhe Industrial, Foshan Lighting can share the benefits brought by the urban renewal of Nanhe Industrial Shenzhen Industrial Plant and increase its revenue sources. According to the data, Nanhe Mobile was listed on the New Third Board on August 17, 2016. Its main business is the development, production and sales of electronic products, digital products and communication products. In the first half of 2016, Nanhe Mobile's revenue increased new efforts in Foshan Lighting's diversified layout. Shenzhen New Third Board Company Nanhe Mobile recently announced that Foshan Lighting, a listed Foshan company, purchased a 32.85% stake in Nanhe Industrial held by Baiya Company for 180 million yuan. The announcement shows that Foshan Lighting holds a 32.85% stake in Nanhe Industrial after the completion of the equity acquisition. In addition, Foshan Lighting's Consensus Action Electronics Group holds a 34.30% stake in Nanhe Industrial. After the acquisition, the actual controller of Foshan Lighting and Electronics Group, Guangsheng Company, will actually control 67.15% of the equity of Nanhe Industrial and become the actual controller of Nanhe Industrial. Nanhe Industrial holds a 60% stake in Nanhe Mobile and is the controlling shareholder of Nanhe Mobile. The company will become the actual controller of Nanhe Mobile through indirect holding. By acquiring the equity of Nanhe Industrial, Foshan Lighting can share the benefits brought by the urban renewal of Nanhe Industrial Shenzhen Industrial Plant and increase its revenue sources. According to the data, Nanhe Mobile was listed on the New Third Board on August 17, 2016. Its main business is the development, production and sales of electronic products, digital products and communication products. In the first half of 2016, Nanhe Mobile's revenue was 40.825 million yuan, a year-on-year increase of 130.80%; net profit was 147,600 yuan, an increase of 190.61%. It is worth mentioning that according to the consideration of this acquisition, after the completion of the acquisition, the valuation of Nanhe Mobile will reach 913 million yuan. Since its listing, Foshan Lighting's main business has been the production, research and development and sales of lighting products. Foshan Lighting's 2016 annual report shows that operating income was 3.366 billion yuan, up 17.03% year-on-year; net profit attributable to shareholders of listed companies was 1.072 billion yuan, up 1907.92% year-on-year. Among them, the sales income of electrical products was 70.16 million yuan, a year-on-year increase of 90%, and the proportion of electrical products in total revenue was 2.08%. LED lighting products and traditional lighting products achieved operating income of 2.04 billion yuan and 1.29 billion yuan respectively, accounting for 60.77% and 38.42% of the total revenue respectively. This is also the first time that Foshan Lighting has shifted from traditional lighting to LED lighting. The revenue of LED lighting products surpassed traditional lighting for the first time in the annual report. In addition, in the fierce market competition, Foshan Lighting has increased its diversified layout in recent years, and has made the electrical sector a new engine for rapid development. Vigorously develop electrical products and increase the number of electrical products and sockets. In October 2016, Foshan Lighting established the electrician subsidiary Foshan Lighting Zhida Electrical Technology Co., Ltd. to increase the company's profit growth point. The Foshan Lighting Annual Report disclosed its development ideas, promoted a diversified development strategy, and strived to promote the strategic layout of the lighting industry and the electrical industry in the future.