[Text|High-tech LED reporter Zhao Hui] The hot demand pulling effect of the LED terminal lighting market has been transmitted to the LED driver power supply field.
On September 4, Helenzhe (300201.SZ) announced that it intends to purchase 100% of the shares of Jueneng Weiye held by Yin Yejun and others through the combination of issuing shares and paying cash, and at the same time raising matching funds. The consideration for the transaction was 72 million yuan, of which 18 million yuan was paid in cash, and the remaining 54 million yuan was paid to the counterparty at a price of 5.53 yuan per share.
The counterparty promised that Ju Neng Weiye's non-net profit for 2014 to 2017 will be no less than 8.5 million yuan, 20 million yuan, 26 million yuan and 33.8 million yuan, respectively, totaling not less than 88.3 million yuan. If the actual profit is lower than the above promised profit, the counterparty will compensate according to the provisions of the Profit Forecast Compensation Agreement. The compensation agreement also stipulated that after the successful acquisition, Helenzhe plans to increase the capital of the target company by 34.8 million yuan.
According to the data, Jueneng Weiye is mainly engaged in research, development, production, sales and service of various types of LED drive power supplies and related products. The products are mainly used in LED display and LED lighting in the fields of street lamps, gardens, communications and so on.
“We mainly make big customers, use the channel advantages of big customers to develop our business, and drive the whole market through the brand influence of big customers. The big lighting company that cooperates with us now has Foshan Lighting, and the upcoming TCL lighting. Prior to this, Xiao Dan, deputy general manager of Giant Energy Weidan, said in an interview with Gaogong LED that in the development of lighting customers, Jueneng Weiye did not seek fast, but stabilized, chose superior customers, and centralized services. .
The outbreak of the LED lighting market has also greatly boosted the confidence of companies and investors in the power sector.
According to a report released by the High-tech LED Industry Research Institute (GLII), the output value of global LED lighting power sources reached 20.672 billion yuan in 2013. Among them, China's domestic output value accounted for 70% of the total output value, reaching 14.477 billion yuan, an increase of 31%.
After the listed company Helenzhe (300201.SZ) has invested heavily in the acquisition of LED drive power company giant energy Weiye, plus code LED drive power business and listed company Zhongheng Electric (002364.SZ).
Recently, Zhongheng Electric announced that its investment subsidiary Zhongheng Paiwei plans to increase the supply of 20-40 million yuan to expand the company's LED drive power supply before December.
Previously, Zhongheng Electric had just acquired a 16% stake in Hangzhou Paiwei Power Co., Ltd. in 2013 with a cash of RMB 1.12 million. After the completion of the acquisition, Zhongheng Electric's shareholding in the company's power supply increased to 46%.
The Zhongheng Paiwei plans to add six dedicated standard production lines. Once the increase investment plan is realized, it is expected that by the end of December, the company's overall production capacity can be increased to 2 million / year. By then, Zhongheng Paiwei will form an annual production capacity of about 600 million yuan.
The confidence of Zhongheng Paiwei’s overweight bet comes from its strong performance in the Chinese mainland market in the past two years.
In 2013, Zhongheng Paiwei completed the layout of 10 points in the three major regions of East China, North China and South China, continuing the growth trend of the fourth quarter of last year. This year, Zhongheng Paiwei LED drive power production and sales continued to increase.
Ye Jianbo, general manager of Zhongheng Paiwei believes that with the large-scale launch of domestic public lighting LED transformation, the market demand for high-power LED driver power supply in the future must be multiplied.
With the rapid improvement of the cost performance of LED lighting, the indoor lighting civilian market will be further opened, which will also inject new vitality into the development of LED driving power companies.
"At present, high-power drive power is still dominant, and more is a kind of government behavior. The support of policies has played an important role in promoting the development of high-power power." Wang Shuo, brand director of Maoshuo Power Supply (002660.SZ) It is believed that the civil lighting market space will exceed public lighting in the next few years.
In fact, behind the looming tide of M&A investment is the increasing market competition.
LED drive power is an important accessory product for LED lighting products, and the price has declined with the popularity of LED terminal applications.
In the process of continuous growth in output value, the price of LED lighting power supply has continued to decline. The reason is that the first is the impact of low-quality and low-priced products. Some manufacturers have seized the market and launched price wars. Secondly, the competition in the industry has intensified. High-end manufacturers have squeezed their profits for market share and reduced the gross profit of products.
Due to the continued decline in gross profit margins, some large companies are beginning to think about future developments.
"We have been focusing on the mid- to high-end market, but considering the continued decline in prices in the market, we may give up some (low-margin) markets in the future." Zhou Honglin, general manager of Shenzhen Laifu Photoelectric Co., Ltd. said that with the market With its development and maturity, Leifford Optoelectronics will pay more attention to brand effect and market control to provide better service to customers and consumers.
With the expansion of LED driver power supply, the acceleration of mergers and acquisitions, and the promotion of a series of industry-driven factors such as the mandatory 3C certification schedule for LED drive power supply by relevant national departments, the domestic LED power supply sector will also undergo a new round of reshuffle and heavy Structure.
On September 4, Helenzhe (300201.SZ) announced that it intends to purchase 100% of the shares of Jueneng Weiye held by Yin Yejun and others through the combination of issuing shares and paying cash, and at the same time raising matching funds. The consideration for the transaction was 72 million yuan, of which 18 million yuan was paid in cash, and the remaining 54 million yuan was paid to the counterparty at a price of 5.53 yuan per share.
The counterparty promised that Ju Neng Weiye's non-net profit for 2014 to 2017 will be no less than 8.5 million yuan, 20 million yuan, 26 million yuan and 33.8 million yuan, respectively, totaling not less than 88.3 million yuan. If the actual profit is lower than the above promised profit, the counterparty will compensate according to the provisions of the Profit Forecast Compensation Agreement. The compensation agreement also stipulated that after the successful acquisition, Helenzhe plans to increase the capital of the target company by 34.8 million yuan.
According to the data, Jueneng Weiye is mainly engaged in research, development, production, sales and service of various types of LED drive power supplies and related products. The products are mainly used in LED display and LED lighting in the fields of street lamps, gardens, communications and so on.
“We mainly make big customers, use the channel advantages of big customers to develop our business, and drive the whole market through the brand influence of big customers. The big lighting company that cooperates with us now has Foshan Lighting, and the upcoming TCL lighting. Prior to this, Xiao Dan, deputy general manager of Giant Energy Weidan, said in an interview with Gaogong LED that in the development of lighting customers, Jueneng Weiye did not seek fast, but stabilized, chose superior customers, and centralized services. .
The outbreak of the LED lighting market has also greatly boosted the confidence of companies and investors in the power sector.
According to a report released by the High-tech LED Industry Research Institute (GLII), the output value of global LED lighting power sources reached 20.672 billion yuan in 2013. Among them, China's domestic output value accounted for 70% of the total output value, reaching 14.477 billion yuan, an increase of 31%.
After the listed company Helenzhe (300201.SZ) has invested heavily in the acquisition of LED drive power company giant energy Weiye, plus code LED drive power business and listed company Zhongheng Electric (002364.SZ).
Recently, Zhongheng Electric announced that its investment subsidiary Zhongheng Paiwei plans to increase the supply of 20-40 million yuan to expand the company's LED drive power supply before December.
Previously, Zhongheng Electric had just acquired a 16% stake in Hangzhou Paiwei Power Co., Ltd. in 2013 with a cash of RMB 1.12 million. After the completion of the acquisition, Zhongheng Electric's shareholding in the company's power supply increased to 46%.
The Zhongheng Paiwei plans to add six dedicated standard production lines. Once the increase investment plan is realized, it is expected that by the end of December, the company's overall production capacity can be increased to 2 million / year. By then, Zhongheng Paiwei will form an annual production capacity of about 600 million yuan.
The confidence of Zhongheng Paiwei’s overweight bet comes from its strong performance in the Chinese mainland market in the past two years.
In 2013, Zhongheng Paiwei completed the layout of 10 points in the three major regions of East China, North China and South China, continuing the growth trend of the fourth quarter of last year. This year, Zhongheng Paiwei LED drive power production and sales continued to increase.
Ye Jianbo, general manager of Zhongheng Paiwei believes that with the large-scale launch of domestic public lighting LED transformation, the market demand for high-power LED driver power supply in the future must be multiplied.
With the rapid improvement of the cost performance of LED lighting, the indoor lighting civilian market will be further opened, which will also inject new vitality into the development of LED driving power companies.
"At present, high-power drive power is still dominant, and more is a kind of government behavior. The support of policies has played an important role in promoting the development of high-power power." Wang Shuo, brand director of Maoshuo Power Supply (002660.SZ) It is believed that the civil lighting market space will exceed public lighting in the next few years.
In fact, behind the looming tide of M&A investment is the increasing market competition.
LED drive power is an important accessory product for LED lighting products, and the price has declined with the popularity of LED terminal applications.
In the process of continuous growth in output value, the price of LED lighting power supply has continued to decline. The reason is that the first is the impact of low-quality and low-priced products. Some manufacturers have seized the market and launched price wars. Secondly, the competition in the industry has intensified. High-end manufacturers have squeezed their profits for market share and reduced the gross profit of products.
Due to the continued decline in gross profit margins, some large companies are beginning to think about future developments.
"We have been focusing on the mid- to high-end market, but considering the continued decline in prices in the market, we may give up some (low-margin) markets in the future." Zhou Honglin, general manager of Shenzhen Laifu Photoelectric Co., Ltd. said that with the market With its development and maturity, Leifford Optoelectronics will pay more attention to brand effect and market control to provide better service to customers and consumers.
With the expansion of LED driver power supply, the acceleration of mergers and acquisitions, and the promotion of a series of industry-driven factors such as the mandatory 3C certification schedule for LED drive power supply by relevant national departments, the domestic LED power supply sector will also undergo a new round of reshuffle and heavy Structure.
Alps Tact Switch,Navigation Use Switch,Square Thin Surface Switch,Surface Mount Push Button Switch
DA CHENG MINGHUA LIMITED , https://www.alpsswitch.com