With the development of the LED industry, in recent years, there has been a wave of mergers and acquisitions in the industry. Through mergers and acquisitions, enterprises have realized the extension of cross-industry, cross-sector or outreach business, so as to deepen the mid-to-high-end market in the industry and cut into the industry segment. field. With the development of the LED industry, in recent years, there has been a wave of mergers and acquisitions in the industry. Through mergers and acquisitions, enterprises have realized the extension of cross-industry, cross-sector or outreach business, so as to deepen the mid-to-high-end market in the industry and cut into the industry segment. field. However, based on the constraints of the company's own conditions, companies that can achieve resource integration and capital restructuring through mergers and acquisitions are mostly listed companies. Some people say that mergers and acquisitions are the capital games of listed companies, and some people say that mergers and acquisitions are the only way to survive for SMEs. So, today we will take a look at Zhou Ming Technology's series of M&A events in the second half of 2017, and analyze the reasons for the merger and the impact on the industry. The acquisition of Zhouming Technology can't stop. In 2017, Zhouming Technology frequently issued M&A announcements, which became a hot topic in the LED industry. Recently, Chau Ming Technology intends to acquire a 100% stake in Shandong Qinghua Kangli City Lighting Research and Design Institute Co., Ltd. with a cash of 253 million yuan. The counterparty promised that the net profit from 2018 to 2020 should not be less than 41 million yuan, 51 million yuan and 60 million yuan respectively. On October 30, Chau Ming Technology intends to subscribe for 100% of Shenzhen Weiwei Technology Co., Ltd. with RMB 100 million from its own funds and bank loans. After the completion of this equity transfer, Weiwei Technology will become a wholly-owned subsidiary of Zhouming Technology. On October 10, Zhouming Technology released the news of the acquisition of part of the equity of Hangzhou Bai Nian Intelligent Optoelectronics Co., Ltd. and increased its capital. It plans to subscribe for 30.49 million shares of Hangzhou Bainian for RMB 0.5 billion. Among them, RMB 30.49 million was included in the registered capital of Hangzhou Bai Nian, and the remaining RMB 19.51 million was included in the capital reserve of Hangzhou Bai Nian as a capital premium. After the transaction was completed, the registered capital of Hangzhou Bainian was changed from RMB 143.82 million to RMB 17,431. Ten thousand yuan, became a subsidiary of Chau Ming Technology Holdings. On September 5, Zhou Ming Technology stated that it intends to acquire 100% equity of Hangzhou Xihe Optoelectronics Co., Ltd. for RMB 25 million with its own funds and bank loans. Upon completion of the equity transfer, Xihe Optoelectronics will become a wholly-owned subsidiary of Chau Ming Technology. On July 27, Zhouming Technology and Aiga Lighting signed an agreement. Zhouming Technology intends to acquire 49% of Aijia Lighting's equity at RMB0.4 billion with its own funds and bank loans, and intends to use its own funds to love. Plus lighting increased capital of 20 million yuan. After the completion of the equity transfer and capital increase, Chau Ming Technology will hold a 60% stake in Aiga Lighting and become the controlling shareholder of Aiga Lighting, which will become a holding subsidiary of Chau Ming Technology. The cause of mergers and acquisitions: continuous expansion around the main business. Zhouming Technology has aggressively acquired LED companies. The M&A companies are mainly engaged in LED lighting and LED display related businesses, which is very compatible with the main business of Chau Ming Technology. It can be seen that the frequent mergers and acquisitions of Zhouming Technology are still horizontally expanding around the main business. The acquisition of Tsinghua Likang Tsinghua by Zhouming Technology is a focus on Conley's urban landscape lighting planning, design and engineering construction business. After the acquisition, it will help the company to deepen the landscape lighting, and merge the existing road lighting and smart street lighting business to enhance the company's comprehensive Competitiveness. Xihe Optoelectronics Co., Ltd. specializes in LED equipment lighting and related accessories. Chau Ming Technology said that Xihe Optoelectronics Co., Ltd. is located in Yuhang Economic Development Zone. The location is excellent. Through this acquisition, it is planned to build the base of Chau Ming Technology in East China based on Xihe Optoelectronics. Deepen the market in East China, strengthen the company's radiation efforts to customers across the country, and further enhance the company's regional service construction. As a well-known brand in the field of high-end lighting, Aijia Lighting has great influence in the professional lighting industry. It has a large customer base of high-end owners, lighting design companies and interior design companies. After the acquisition, Chaon Ming Technology can integrate with the lighting business to expand its influence and business scope in the high-end lighting market. In summary, Chau Ming Technology acquired LED lighting companies with the aim of developing in the field of urban landscape lighting and high-end lighting to occupy the mid- to high-end market of LED lighting. The main purpose of acquiring Weiwei Technology and Hangzhou Bainian is to further expand the LED display market segment. Rose Technology is mainly engaged in LED transparent screen business. It has formed a brand in the existing LED transparent screen market, and has created many LED transparent screen projects. It is a professional manufacturer of LED transparent screens. Hangzhou Bai Nian focuses on the display signage business, and the customer base covers a wide range. Zhouming Technology has acquired Rose Technology and Hangzhou Bai Nian, and will have greater development in the field of transparent screen and signage screen. Prospects: Segmentation of the current dividends Zhouming Technology's acquisition of LED lighting, LED display companies in addition to the advantages of the M&A companies themselves, the development of the industry is an important factor. Chau Ming Technology acquired Tsinghua Likang layout landscape lighting, acquired Rose Technology's layout of LED transparent screen, and acquired Hangzhou Bainian's focus on display labeling business. These market segments are the hot areas of the current industry. According to research institute data, the penetration rate of global LED lighting in 2017 is about 39%, and will exceed 50% by 2019. The output of LED lighting products will account for more than 80% of the global production. At the 2016 G20 Summit in Hangzhou, urban landscape lighting was praised, and LED outdoor landscape lighting became a veritable new market for the LED industry. According to the estimation of relevant institutions, it is expected that the output value of China's outdoor LED lighting will exceed 100 billion yuan in 2017. The LED display market is also promising. At present, LED display products and applications are becoming more and more segmented. The most popular ones on the market are LED small-pitch display screens, while LED transparent screens, LED shaped screens, LED grid screens, etc. have broad market prospects and will enter. A new round of market competition. It is understood that this year, LED transparent screen has achieved a huge technological breakthrough, successfully launched glass to launch LED glass curtain wall screen, which laid a solid foundation for the development of the market. It is estimated that by 2025, the market value of LED transparent display will be approximately $87.2 billion. Thus, in the face of huge market prospects, the layout of Zhouming Technology is not difficult to understand. Impact: LED industry fills stronger competitors Zhouming Technology is mainly engaged in LED display and LED lighting related business. The successive acquisition of 5 LED companies is a response to the current situation and the market, reflecting the company's insight into the development of the industry. At the same time, it also reflects the strong capital operation ability of Zhouming Technology, which can be used to purchase a large number of LED companies. This is not a random enterprise, not to mention that each merger carries a huge capital risk. Although it is said that M&A-related enterprises, Chau Ming Technology can achieve the division of the field and the strengthening of the main business. However, different companies still need a process of integration in terms of management philosophy, corporate culture, organizational structure, etc. In addition to the capital operation capability, they also need advanced management capabilities. In 2017, the LED industry as a whole is improving. Under the wave of industrial upgrading, it is not only a company of Zhouming Technology, but also major companies. After the series acquisition, the LED industry will also usher in a more comprehensive industry competitor, which has become the normal phenomenon of the LED industry.
Foil for Kiteboard
Hydrofoil kite boards have
exploded onto kitesurfing scene. Once you get up to speed, the hydrofoil
attached under the board will lift the whole board off the water and keep
riding only on the foil.
The Foil, is in its new generation and is more refined than ever before, great
for speed, control, carving, and smooth freeriding. The new foil shape is much
cleaner than previous generations and is a favorite from surfers, to racers and
soul searchers for its ability to cross. It reduces friction and drag, faster
and smoother than anything you`ve experienced before.
This makes foil kiteboards faster and better in light winds than all other kite
boards because they have less drag.
Foil For Kiteboard,Hydrofoil Kiteboard,Foil Kiteboard,Foil Kiteboard For Kitesurfing,Hydrofoil For Kitesurfing,Kiteboard Hydro Foil
Huizhou City Melors Plastic Products Co., Limited , https://www.melorsfloor.com