On March 21, Snow Wright announced that the company intends to increase its capital by RMB 30 million to Shenzhen Zhuoyu Automation Technology Co., Ltd. (hereinafter referred to as “Zhuoyu Automationâ€) with its own funds. Upon completion of the capital increase, Zhuoyu Automation's registered capital was changed to RMB 35 million, and the company held 100% of its equity.
According to public information, Zhuoyu Automation's main business scope is the development and sales of automation equipment and parts; technology development, design and sales of hardware products; domestic trade; import and export of goods and technology; production of automation equipment, parts and hardware, hardware products .
For this capital increase, Shellett said that this capital increase to the subsidiary is in line with the company's development strategy, which is conducive to consolidating the company's strategic layout in the key component business of new energy vehicles. The company's capital increase to the subsidiary will further enhance the financial strength of Zhuoyu Automation, and help it to actively develop customers and enhance business scale and market competitiveness.
In recent years, Shell Wright has continued to firmly implement the integrated development strategy of “increase internal extensionâ€, and lay out emerging industries through industrial fund external investment, mergers and acquisitions, etc., and enhance the company's future competitiveness and sustainable development capabilities.
At present, Shellett is actively promoting the company's industrial structure optimization and transformation and upgrading. The industrial M&A fund established in cooperation with investment institutions has completed a number of equity investments, mainly in the fields of new energy, education, cross-border e-commerce, etc., to accelerate emerging industries. Layout and reserve M&A projects.
In the field of new energy vehicles, Shellett has been strengthening its layout. In addition to the automation of the key components business of new energy vehicles, Shelley has also actively promoted the merger and acquisition of Shenzhen Snow Industrial Development Co., Ltd., but the acquisition was terminated on September 1, 2017.
In addition, Shellett has been on the LED headlights for a long time. Since the introduction of LED car lights "first mover" in 2015, LED car lights have become the new darling of the industry, setting off a wave of LED lights.
The High-tech Research Institute LED Research Institute (GGII) expects the LED lighting market in China to reach 32 billion yuan in 2018, a year-on-year increase of 30%. At the same time, GGII data shows that in 2017, the penetration rate of LEDs in new energy passenger headlights reached 8%, and the penetration rate on taillights reached 75%.
The data in the above table shows that the proportion of LEDs in new energy vehicles is much higher than that of traditional cars. GGII said that the popularity of new energy vehicles has led to the growth of LED automotive lighting.
According to GGII data, in 2017, China's new energy vehicles reached 777,000, with a growth rate of 53.25%. GGII expects to sell 1.1 million new energy vehicles in China in 2018, with a growth rate of 41.57%.
New energy vehicles have been developed in China for 18 years and have maintained a high-speed development status. This has also become a great opportunity for China's auto industry to change lanes and overtake. In the future, with the increase in sales of new energy vehicles, Shell is expected to usher in a new round of development space with the layout of key components and LED lights in new energy vehicles.
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