Following the capital increase to regain Gongyuan, the shareholder Guan Xinquan strengthened the market development in the field of lighting engineering, and the acquisition of Smed to consolidate the leading position in the white light packaging market, LED packaging manufacturer Hongli Optoelectronics once again released heavy news - the acquisition of 51% equity of Dongguan Liangyou Hardware Products Co., Ltd.
On the evening of August 14, Hongli Optoelectronics disclosed that it planned to use its own funds of 28 million yuan to acquire 51% of the equity of Dongguan Liangyou Hardware Products Co., Ltd. held by Mr. Liao Jianwen.
Information shows that Liangyou Hardware was established on August 3, 2007, with a paid-in capital of 15.03 million yuan. Its main business is R&D, production, and sales of LED brackets. The current shareholders are Liao Jianwen and You Guo'e, who hold 90% and 10% of the shares of Liangyou Hardware respectively. Its operating income from January to June 2014 and 2013 were RMB 58.7069 million and RMB 29.747 million respectively, and its net profits were RMB 4.9063 million and RMB 277,600 respectively.
Liangyou Hardware’s main financial and operating data for the past year and the latest period (source: Hongli Optoelectronics announcement)
Liao Jianwen and You Guo'e promised that the net profit achieved by Liangyou Hardware in 2014, 2015 and 2016 will not be less than 10 million yuan, 14 million yuan and 18 million yuan respectively.
"This is a win-win cooperation." Hongli Optoelectronics Secretary Deng Shouting said in an interview with the editor that the acquisition of Liangyou Hardware aims to effectively reduce the company's LED packaging raw material costs and improve profitability. "On the other hand, if the quality is the same, we will give priority to Liangyou Hardware's brackets, which is also a big plus for Liangyou Hardware."
In addition, according to Deng Shotie, Liangyou Hardware also produces and sells lenses in addition to the LED bracket business. "Similarly, if the quality is the same, we will give priority to its lenses to further reduce raw material costs."
ANNA