A total of 185 million! Riyadh intends to increase endowment owned subsidiary

Yesterday (21) evening, Riyadh issued to a wholly owned subsidiary of capital announcement. According to the announcement, the company intends to JINDA lighting December 31, 2016 undistributed profits 150000000 yuan for capital. At the same time, the company intends to Zhongtian lighting December 31, 2016 undistributed profits 35000000 yuan for capital.

JINDA lighting was founded in 2002, is to provide solutions for the main business of the lighting integration lighting system operators, in May 2014 officially changed to a wholly owned subsidiary of the company. Since then, the company respectively in July 2014 and April 2016 to JINDA lighting capital, then, JINDA lighting the registered capital and paid in capital increased to 150000000 yuan. After the capital increase, JINDA lighting the registered capital and paid up capital increased to 300000000 yuan.

Zhongtian lighting was founded in 2003, mainly engaged in the field of lighting complete system technology development, technical services, technical advice, equipment and lighting equipment, audio equipment sales, lighting engineering design and installation of construction, in July 2016 officially changed to a wholly owned subsidiary of the company, and the company will increase in October 2016, the registered capital and paid in capital increased to 85000000 yuan. After the capital increase, the lighting of the registered capital and paid up capital increased to 120000000 yuan.

According to statistics, JINDA lighting and lighting Zhongtian 2016 annual revenues of 650 million 988 thousand and 300 yuan and 174 million 643 thousand and 500 yuan, net profit of 164 million 828 thousand and 900 yuan and 49 million 445 thousand yuan, 7 months of 2017 (Unaudited) two company revenues were 450 million 535 thousand yuan and 90 million 120 thousand and 800 yuan, net profit of 135 million 670 thousand and 900 yuan and 29 million 386 thousand and 100 yuan.

The company said the JINDA lighting and sky lighting capital, can promote the two wholly-owned subsidiary of production and operation of the development and operating efficiency improvement, enhance both the continued viability of the company; is conducive to better service and better meet customer needs, expand the business field and the existing city; is conducive to the company's long-term planning and development the.

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