Zhouming Technology has purchased two lighting companies to deepen the landscape lighting layout

Recently, Zhouming Technology has been very eye-catching. From the announcement of the planned acquisition of Tsinghua Conley on August 15th to the announcement of the acquisition of the equity of Hangzhou Bainian on August 16, Zhou Ming has successively acquired two lighting companies in one breath, which shocked the industry. From the announcement of Chau Ming Technology, it is found that a series of actions of Chau Ming Technology are aimed at improving the strategic layout of the company in the field of urban Landscape Lighting.

It is reported that Chau Ming Technology intends to invest RMB 87,428,900 to acquire a 20.10% stake in Hangzhou Bai Nian, and Zhou Ming Times Bole invested RMB 100 million to transfer 22.99% equity; after the equity transfer is completed, the company will increase capital and expand shares, of which the company plans to invest 50 million yuan. , Baiyian real controller invested 30 million yuan; after the capital increase, Zhou Ming holds 26.68%, and Times Bole Fund holds 19.42%.

Hangzhou Bainian's main display signage signage and landscape lighting business promised net profit of not less than 20 million yuan, 30 million yuan and 40 million yuan after deducting non-recurring gains and losses in 2017-2019.

The identification signage is in synergy with the company's display business, and the application scenario extends to inject new impetus into the growth of the display business. Hangzhou Bainian has a broad business base in the field of rail transit, and can complement the company's current traditional advantages (government, military, security, etc.) to help the high-speed growth of the display business and further enhance market penetration.

Hangzhou Bai Nian and Tsinghua Kangli complement each other to further improve the company's landscape lighting layout.

Hangzhou Bai Nian landscape lighting mainly focuses on building architecture and mountain landscape, such as Shanghai Center and Huangshan Lighting Project, which complements Tsinghua Conley's lighting project and expands the company's business matrix in landscape lighting.

There is also endogenous in addition to the extension, this year the company's endogenous high growth is more clear.

The small spacing of LEDs continued to grow at a high rate, with sales in the first half of the year increasing by more than 90%. We believe that the trend of high growth in small-pitch industries will not change in the next two to three years. With the continuous replacement of DLP by small spacing, the expansion of application scenarios and the sinking of channels, small spaces still have several times more market space.