On August 8, Ruifeng Optoelectronics (300241) announced that in order to better utilize the advantages of the company's LED industry chain and accelerate the implementation of the company's LED lights, on August 7, 2018, Ruifeng Optoelectronics and Zhuhai City only car Lamp Co., Ltd. (hereinafter referred to as “Venergy Lampsâ€) and Zhai Pao signed the “Investment Intention Agreementâ€. The company plans to invest RMB 102 million to acquire a 51% stake in Keyong Lantern.
According to the data, only the headlights are the leading domestic lamp manufacturers, specializing in the R&D, production and sales of automotive lamps. The customers cover well-known domestic and foreign automobile manufacturers, such as Dongfeng Nissan and Geely, which are currently supporting the mainstream models of Geely. Production of small lights series.
The counterparty promised that only the headlights will achieve an operating income of no less than 180 million yuan in 2018, and the accumulated net profit (net profit after deducting non-recurring gains and losses) realized in 2019-2021 is 78 million yuan. At the same time, since the only car lights are in a stage of rapid development, and the introduction of strategic investors is bigger and stronger, this "Investment Intention Agreement" is signed.
According to the announcement, if the agreement is finally implemented smoothly, it can further enhance the overall competitiveness of Ruifeng Optoelectronics and help Ruifeng Optoelectronics to develop sustainably and healthily. In addition, if the agreement can be successfully implemented, it will further accelerate the pace of Ruifeng Optoelectronics entering the field of LED lights.
As we all know, after years of price war baptism in China's LED industry, product profits have been diluted, and profits are difficult to be guaranteed. Enterprises have adjusted their strategies to find a new blue ocean market. With the breakthrough of LED product technology and the differentiation and specialization of market demand, the niche market has become a new blue ocean in the post-LED era. Among them, LED automotive lighting has become a field of great concern.
According to the data of the High-tech Research Institute LED Research Institute (GGII), the overall market of LED automotive lighting in China reached 24.5 billion yuan in 2017, a year-on-year increase of 26%. With the beginning of LED car lighting, the LED car lighting will gradually penetrate in the mid-end models. Maintaining rapid growth, GGII expects that China's LED automotive lighting market is expected to exceed 42.5 billion yuan by 2020.
Enticed by the size of the market, today's LED automotive lighting is also becoming a new round of investment focus for domestic LED packaging companies. As a well-known LED packaging manufacturer in China, Ruifeng Optoelectronics will naturally not miss this “fatâ€.
According to Gaogong LED observation, since last year, Ruifeng Optoelectronics has begun to play chess in the field of LED automotive lighting. E.g:
In June 2017, Ruifeng Optoelectronics increased its capital of 2,490,000 yuan to the holding subsidiary Lirui Optoelectronics for the R&D and manufacturing of automotive LED modules, accelerating its overall layout in the field of LED applications.
In August 2017, Ruifeng Optoelectronics plans to invest RMB 100 million in self-raised funds to increase the capital of Centrino Motors Jiangsu Co., Ltd. (hereinafter referred to as “Centr Autoâ€). After the completion of the capital increase, it will hold a 16.66% stake in Centrino. .
According to Ruiqiang Optoelectronics Wu Qiang, "Since the involvement of Ruifeng Capital, Centrino has also made great progress, and its turnover and profits have exceeded the standard."
In October 2017, Ruifeng Optoelectronics official micro-message showed that its wholly-owned subsidiary Lingtao Optoelectronics IATF16949 automotive quality management system passed the on-site review of the internationally renowned certification body NQA, which marked the successful entry of Lingtao Optoelectronics into the automotive supply chain. Pass.
It is undeniable that this acquisition of 51% of the only car lights, Ruifeng Optoelectronics is no doubt a big step in the field of LED lights.
In the past, the industry has always believed that after five years, LED lights will become the mainstream of the car, but the fact is that the penetration of LED lights is much faster than people think. Not long ago, the Beijing Auto Show can see that LED headlights have become the mainstream of new cars from the four perspectives of concept cars, production cars, Internet car companies and traditional car manufacturers. I believe that people in the industry can expect more updates. The replacement model upgrades the LED headlight configuration.
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