On March 29, 2013, Tianmao Industrial Group Co., Ltd. signed an “Equity Transfer and Repurchase Agreement†with Xinliyi Group Co., Ltd. (hereinafter referred to as Xinliyi) Group. Tianmao Industrial intends to use 4.89 yuan/share. The price purchases 30 million shares of Xiangneng Hualei Optoelectronics Co., Ltd. (hereinafter referred to as Hualei Optoelectronics) held by Xinliyi (accounting for 8.11% of Hualei Optoelectronics' total share capital).
Xinliyi holds 321,938,582 shares of Tianmao Industry (accounting for 23.78% of the company's total share capital) and is the largest shareholder of the company. The Tianmao Industrial Group purchased the 30 million shares of Hualei Optoelectronics held by Xinliyi to form a connected transaction.
The above-mentioned purchase of equity rights shall be subject to the approval of Tianmao Industry's first extraordinary shareholders meeting in 2013 (this general meeting of shareholders adopts on-site voting and online voting) to take effect.
Tianmao Industrial Group said that due to the impact of the macroeconomic downturn in 2012, the rapid decline in domestic LED chip prices led to a sharp decline in the gross profit margin of LED products. Most domestic LED chip companies are in a breakeven state. At this stage, the core competition of domestic LED chip companies The power is increasingly toward the integration of technology and capital. In view of the changes in market conditions in 2012, Hualei Optoelectronics Company adhered to the market, increased R&D efforts, and strictly controlled the quality of its customers. In 2012, both the operating income and net profit achieved a contrarian growth.
At the same time, for the extension of the industrial chain, actively involved in the municipal lighting project with higher gross profit margin. In July 2012, Hunan Rijing Lighting Technology Co., Ltd. was established with a registered capital of 50 million yuan. It is mainly engaged in LED engineering consulting, design, construction and service. , LED products and various application product development, design, manufacturing, sales and service. The establishment of Hunan Rijing Lighting Technology Co., Ltd. has enhanced Hualei Optoelectronics' business positioning, expanded production and operation, extended the industrial chain, and added new economic growth points.
Hualei Optoelectronics was registered and established on June 26, 2008. It is located in the Nonferrous Metals Industrial Park of Cangzhou City, Hunan Province. It is mainly engaged in the production and self-production of light-emitting diode (LED) epitaxial materials, chip devices, LED packages and related application products. Sales, undertake LED lighting engineering and provide related technical advice, energy saving services.
Hualei Optoelectronics' operating income in 2012 was 242,580,600 yuan, an increase of 57.22% over the operating income of 154,428,500 yuan in 2011; net profit was 2,805,100,000 yuan, while net profit in 2011 was -1,847,500 yuan.
At present, Hualei Optoelectronics owns 32 MOCVD epitaxial chip production equipments, and has an annual production capacity of 1.2 million GaN-based blue-green light epitaxes and 1.1 million chips. It uses internationally advanced LED epitaxial and chip production inspection and testing equipment. The equipment has reached the advanced level in the same industry at home and abroad.
Hualei Optoelectronics established the LED Engineering Technology Research Center of Hunan Province, which has been listed as a key listed reserve enterprise in Hunan Province, a top 100 strategic emerging industry enterprises in Hunan Province, a “Double Hundred†engineering enterprise in Hunan Province, a high-tech enterprise in Hunan Province, and Hunan Province. Provincial key industrialization key enterprises. In 2012-2013, it ranked fourth in China's LED chip enterprise market competitiveness ranking, and was awarded “2012 China LED Chip Top Ten Enterprise†by Gaogong LED Industry Research Institute (GLII) and “High-tech LED Magazineâ€. honor.
Xinliyi holds 321,938,582 shares of Tianmao Industry (accounting for 23.78% of the company's total share capital) and is the largest shareholder of the company. The Tianmao Industrial Group purchased the 30 million shares of Hualei Optoelectronics held by Xinliyi to form a connected transaction.
The above-mentioned purchase of equity rights shall be subject to the approval of Tianmao Industry's first extraordinary shareholders meeting in 2013 (this general meeting of shareholders adopts on-site voting and online voting) to take effect.
Tianmao Industrial Group said that due to the impact of the macroeconomic downturn in 2012, the rapid decline in domestic LED chip prices led to a sharp decline in the gross profit margin of LED products. Most domestic LED chip companies are in a breakeven state. At this stage, the core competition of domestic LED chip companies The power is increasingly toward the integration of technology and capital. In view of the changes in market conditions in 2012, Hualei Optoelectronics Company adhered to the market, increased R&D efforts, and strictly controlled the quality of its customers. In 2012, both the operating income and net profit achieved a contrarian growth.
At the same time, for the extension of the industrial chain, actively involved in the municipal lighting project with higher gross profit margin. In July 2012, Hunan Rijing Lighting Technology Co., Ltd. was established with a registered capital of 50 million yuan. It is mainly engaged in LED engineering consulting, design, construction and service. , LED products and various application product development, design, manufacturing, sales and service. The establishment of Hunan Rijing Lighting Technology Co., Ltd. has enhanced Hualei Optoelectronics' business positioning, expanded production and operation, extended the industrial chain, and added new economic growth points.
Hualei Optoelectronics was registered and established on June 26, 2008. It is located in the Nonferrous Metals Industrial Park of Cangzhou City, Hunan Province. It is mainly engaged in the production and self-production of light-emitting diode (LED) epitaxial materials, chip devices, LED packages and related application products. Sales, undertake LED lighting engineering and provide related technical advice, energy saving services.
Hualei Optoelectronics' operating income in 2012 was 242,580,600 yuan, an increase of 57.22% over the operating income of 154,428,500 yuan in 2011; net profit was 2,805,100,000 yuan, while net profit in 2011 was -1,847,500 yuan.
At present, Hualei Optoelectronics owns 32 MOCVD epitaxial chip production equipments, and has an annual production capacity of 1.2 million GaN-based blue-green light epitaxes and 1.1 million chips. It uses internationally advanced LED epitaxial and chip production inspection and testing equipment. The equipment has reached the advanced level in the same industry at home and abroad.
Hualei Optoelectronics established the LED Engineering Technology Research Center of Hunan Province, which has been listed as a key listed reserve enterprise in Hunan Province, a top 100 strategic emerging industry enterprises in Hunan Province, a “Double Hundred†engineering enterprise in Hunan Province, a high-tech enterprise in Hunan Province, and Hunan Province. Provincial key industrialization key enterprises. In 2012-2013, it ranked fourth in China's LED chip enterprise market competitiveness ranking, and was awarded “2012 China LED Chip Top Ten Enterprise†by Gaogong LED Industry Research Institute (GLII) and “High-tech LED Magazineâ€. honor.
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