Nationstar Optoelectronics announced on the evening of June 4 that the company plans to transfer the equity of Zhejiang Yaweilang Technology Co., Ltd. ("Aweilang") held by Zhongda United Holding Group Co., Ltd. for 16.5 million yuan, accounting for 25% of Yaweilang's existing registered capital; it also plans to increase its capital to Yaweilang by 60 million yuan. After the transaction is completed, the company holds 62.5% of Yavilang's registered capital after the capital increase is completed.
Avilang is mainly engaged in the R&D and manufacturing of LED epitaxial wafers and chips, semiconductor lighting equipment, and optoelectronics; LED display system engineering, urban lighting engineering construction; lighting equipment design, etc. In 2014 and the first quarter of 2015, it achieved operating income of 17.9275 million yuan and 3.4 million yuan, with losses of 13.8024 million yuan and 5.54 million yuan respectively.
Nationstar Optoelectronics stated that with the help of this investment, the company hopes to further improve the company's technical level in the LED upstream, adjust and optimize the product structure, and continuously strengthen the company's market competitiveness in the LED upstream.
The company previously estimated that the net profit attributable to shareholders of listed companies from January to June 2015 would range from RMB 70.8945 million to RMB 83.7844 million, a year-on-year increase of 10% to 30%.
Not long ago, Nationstar Optoelectronics’ additional issuance plan was approved by the China Securities Regulatory Commission. Some analysts pointed out that the main highlights of Nationstar Optoelectronics in the future are: the penetration rate of LED lighting will continue to rise, and the shipments of LED lighting products such as Foshan Lighting and Sunshine Lighting, the company's major downstream customers, will rise rapidly, driving the company's rapid growth in sales revenue of LED white light devices; the company's large-size LED backlight devices will Leveraging its cost-effectiveness advantage, the proportion of supply to Taiwanese customers continues to increase, driving the company's LED component sales revenue to grow rapidly. With the rapid growth of the small-pitch LED display market, the company, as a leading domestic LED display device manufacturer, is expected to usher in sustained high growth with its technology and first-mover advantages.
In addition, after the company's non-public issuance of shares is successfully completed, the actual controller will be changed to Guangsheng Company, and the company will become the only LED listed company platform under the Guangdong Provincial State-owned Assets Supervision and Administration Commission. Mixed ownership reform can be expected in the future.
ANNA