Quanhua Optoelectronics announced on the evening of July 24 that the company intends to jointly establish Wuhan Quanhua Transportation Facilities Co., Ltd. with Peng Jiping and Du Xinquan. The registered place is Building 2, Guannan Industrial Park, Gaoxin 2nd Road, Donghu Development Zone, Wuhan. The registered capital is RMB 5.5 million. Among them, the company contributed RMB 2.805 million, accounting for 51% of the registered capital; Peng Jiping contributed RMB 1.43 million, accounting for 26% of the registered capital; Du Xinquan contributed RMB 1.265 million, accounting for 23% of the registered capital.
According to the announcement, companies entering new fields can use existing production facilities and technical capabilities to enter the transportation facilities market, producing LED lamps including traffic strobe lights (existing products), security monitoring fill light (existing products), traffic lights, etc. . In view of the recent implementation of the new national standard GBW887887-2011, more than 90% of the products used in traffic facilities, such as strobe lights, fill lights, signal lights, etc., have mature technology and production capacity. At the same time, the acceleration of the national urbanization process, the upgrading of products required by the new national standard, and the demand for lamps in the transportation facilities sector have grown rapidly. There is no traffic light manufacturer in Hubei Province. In order to better serve the demand for traffic lights and expand the market, the company plans to establish a holding subsidiary to enter the field of traffic lights. The company is currently working on related product certification.
Quanhua Optoelectronics said that the purpose of foreign investment is to broaden the company's business scope, enter new market areas, increase the company's revenue channels, and increase the company's ability to resist risks. The risk of investment may depend on the future of Wuhan Quanhua Transportation Facilities Co., Ltd. Development situation; The proposed investment in establishing a joint venture subsidiary is an important measure for the company to implement its development strategy and is of great significance to the company's future development.
According to the announcement, companies entering new fields can use existing production facilities and technical capabilities to enter the transportation facilities market, producing LED lamps including traffic strobe lights (existing products), security monitoring fill light (existing products), traffic lights, etc. . In view of the recent implementation of the new national standard GBW887887-2011, more than 90% of the products used in traffic facilities, such as strobe lights, fill lights, signal lights, etc., have mature technology and production capacity. At the same time, the acceleration of the national urbanization process, the upgrading of products required by the new national standard, and the demand for lamps in the transportation facilities sector have grown rapidly. There is no traffic light manufacturer in Hubei Province. In order to better serve the demand for traffic lights and expand the market, the company plans to establish a holding subsidiary to enter the field of traffic lights. The company is currently working on related product certification.
Quanhua Optoelectronics said that the purpose of foreign investment is to broaden the company's business scope, enter new market areas, increase the company's revenue channels, and increase the company's ability to resist risks. The risk of investment may depend on the future of Wuhan Quanhua Transportation Facilities Co., Ltd. Development situation; The proposed investment in establishing a joint venture subsidiary is an important measure for the company to implement its development strategy and is of great significance to the company's future development.
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