Hongli Newell: before the three season, the results of pre hi acquisition, transfer of ownership......

Before the three quarter results are expected to an increase of 20%-40%, the third quarter is expected to an increase of 40%-60%

Yesterday (25) evening, Hongli Newell announcement, disclosure before 2017 three quarter results notice, 2017 01 Aug 01 - 2017 09 30 month period, the company achieved a net profit attributable to shareholders of listed companies: 231 million 990 thousand and 400 yuan -27065.54 yuan, compared with the same period last year rose 20%-40%.

Among them, the third quarter of 2017 (July 1, 2017 -2017 September 30th) net profit attributable to shareholders of listed companies: 77 million 743 thousand yuan -8884.91 yuan, compared with the same period last year rose 40%-60%.

The company said, mainly due to changes in the performance of the first three seasons are: 1, during the reporting period, better LED lighting market, the company's operating performance remained stable, sales revenue to achieve steady growth; 2, the acquisition of a subsidiary of speed network began in June included in the consolidated financial statements, business performance increase.

220 million yuan to buy 56% stake in Yi Shan lights, LED lights up into the domestic market

On the same day, Hongli Newell announcement, September 25, 2017, the company held the third meeting of the twentieth board of directors approved "on the acquisition of Danyang Yi Shan light equipment manufacturing Co., Ltd. 56% stake in the motion" (hereinafter referred to as "Yi Shan lights"), the company agreed to a self financing 219 million 632 thousand yuan acquisition of Danyang Zebo (Auto Parts Factory general partnership) holds a 56% stake in Yi Shan lights, and Mr. Li Guoping, chairman of Licensing companies will be authorized in the sign associated with the foreign investment documents, handle the relevant formalities.

It is understood that Newell in Hongli and Guo Zhiqiang Xinchen auto lamp factory Danyang city in May 2, 2017 and signed a "letter of intent" acquisition of shares, the company invested 230 million yuan to acquire 51% stake in Huayi good light. In the due diligence and audit work, Yi Shan lights in order to arrange the family shareholders' equity interest, brilliance auto lamp factory (Mr. Guo Zhiqiang personal owned) will transfer its holdings of 72.59% shares to Danyang Yi Shan lights Zebo Auto Parts Factory (general partnership) (hereinafter referred to as the "Zebo partnership"), after the completion of the transfer, Zebo the partnership holds 72.59% stake, Yi Shan lights Guo Zhiqiang holds 27.41% stake in Yi Shan lights.

The transfer of ownership structure before Yi Shan lights

After the transfer of the ownership structure of Yi Shan lights

According to the announcement, Huayi light good business scope includes: production vehicle lamp manufacturing equipment, vehicle lamps and plastic parts processing; vehicle lamp parts; the mould design and development; electronic control fuel injection system, general cargo road transport, self and agent all kinds of goods and technology import and export business. The main business: design, development, production and sales of automotive lamps, the main products include front combination lamps, rear combination lamp, indoor lamp front and rear fog lamps, high brake lamp, mainly supporting car manufacturers including Geely Automobile, Changan automobile, the Great Wall automobile, Zotye cars, changfengliebao etc.. Zebo partnership business scope include: automotive plastic parts, metal parts, mold production and processing.

The company said that this investment, in order to better play the advantages in the LED industry chain, accelerate the implementation of passenger car LED company in the field of automotive lighting layout, actively and effectively cut domestic passenger car LED lighting vehicle supply market, to further enhance the company's overall competitiveness and achieve sustainable and healthy development of the company.

4.82% of the equity transfer of 80 million yuan car Union

On the same day, Hongli Newell also released on the stock transfer subsidiary company announcement, in November 29, 2016 and December 1, 2016 in the designated gem information disclosure media cninf were issued "on the signed investment agreement of intent announcement", "on the signed investment agreement of intent of the supplementary notice", the company acquired Shanghai Zheao Industrial Company Limited Holdings the United States of Zhejiang New Energy Automobile Co. Ltd. (hereinafter referred to as the "United Automobile") 5% stake, after the completion of the transaction, the company holds 5% stake in United automobile. At the same time, the company plans to not more than 510 million yuan of the amount subscribed for additional shares made Hezhong auto, less than 15% of their equity (excluding the equity transfer equity ratio) or obtain equity Hezhong auto per unit investment price of not more than 8 yuan.

The management of the company after careful study, plans to terminate the investment intentions, not to increase investment in auto union. As of now, the company holds 4.82% stake in United Automobile Company, a wholly owned subsidiary of Guangzhou City hung Jo Investment Company Limited (hereinafter referred to as "hung at the investment) holds 7.23% stake in the company of United Automobile, directly and indirectly holds a total of 12.05% stake in United automobile.

Newell said Hongli in keeping with the company's overall strategic layout, in order to increase the company's cash flow, enhance the company's profitability, the company plans to hold the United Automobile 4.82% (corresponding investment 20 million yuan) stake to 80 million yuan transferred to Fang Yunzhou, this time, will have a positive impact on the company's future. The financial situation and management achievements at the same time, help the company make full use of resources, and enhance the implementation of the main business of the healthy and stable development, in line with the long-term development plan of the company. The transfer is completed, the company through a subsidiary of Hong investment holding 7.23% stake at Hezhong automobile, not directly hold United Automobile ownership.

It is reported that the party Yunzhou, China nationality, male, Tsinghua University postdoctoral, deputy director of the Tsinghua University Center for energy saving and new energy vehicles, new energy automotive expert group of experts, members of the national new energy vehicle standards committee. Chairman and general manager of the United States of Zhejiang New Energy Automobile Co. ltd..

According to the announcement,