LED three new board business 8 billion 700 million single outrace mystery to be solved

A listing of only two months of three new board companies such as God help, announced a night to get nearly $8 billion 700 million super large, even if it is not the main board companies. However, such "good" happened in the third company outrace body.

In June 13th, outrace announced that the Shanghai high Yuan Investment Development Company Limited (hereinafter referred to as the "Shanghai yuan") 2016 to the year 2019 a total of three years 8 billion 695 million yuan of orders. This announcement was released that caused a high degree of concern in the market.

Have raised questions about the media, outrace revenue last year, only 440 million yuan, and that a customer of Shanghai yuan per year in the next three years with the revenue reached 2 billion 898 million yuan, is the current revenue 6.5 times, this is a mistake or true? There is such a supernatural power of Shanghai high yuan is where sacred?

Outrace secretaries do a staff member in response to the "Chinese business newspaper" reporter's question that the company issued order notice is to fulfill the obligations of the letter phi, but the company has signed a confidentiality agreement with Shanghai yuan, not to disclose more information.

It is strange that the reporter in Shanghai City, Changning District Shuangliu Road, building 31, Shanghai, to find the high office of the registration of the yuan, the company put out the name of Shanghai high Yuan Development Co., Ltd., there is no investment in the word two. At the same time, the company's front desk staff also on the order of 8 billion 700 million yuan show surprise.

Guangdong, Zhongshan, a LED company official told reporters that domestic orders can not be nearly 8 billion 700 million yuan so large, foreign orders are unknown.

Super big raid"

Outrace said in its announcement, the company recently received a long-term partner of Shanghai high on the annual order contract agreement, Shanghai is expected to 2016 yuan from 2019 to the year three year contract total amount of 8 billion 695 million yuan, the contract number 1 billion 192 million 151 thousand.

Outrace said, this order has a significant positive impact on the operating performance of the company over the next three years.

It is understood that outrace was founded in June 2012, the main business for the intelligent LED lighting products production industry chain manufacturing, Home Furnishing lighting R & D, April 20, 2016 listed on the new board.

The financial data show that outrace revenue of 440 million yuan last year, net profit of 50 million 726 thousand and 400 yuan. According to estimates this data, Shanghai yuan in each of the next three years to outrace bring in revenue up to 2 billion 898 million yuan, is 6.5 times the current revenue. The resulting net profit will reach 327 million yuan.

If the order can implement outrace level of profitability in one fell swoop over the competitors and the optical distance, Linsen, Lehman shares behind competitors.

Need to mention that the operating income of 3 billion 882 million yuan M.L.S. 1-12 months of 2015, down 3%; a total profit of 301 million yuan, down 41.79%; attributable to shareholders of listed companies net profit of 256 million yuan, down 41.09%.

According to the announcement, an important reason is the decline in performance of MLS last year in 2015, affected by the global economic and market competition is more intense, LED industry chain prices fell 30%-50%, the price of the product of international business has more than 20% decline. Linsen lighting to maintain market share, for the maintenance of the main customers and dealers have to follow the market stability, lower prices, leading to the company's profit decline.

There are a number of LED industry sources told reporters that outrace domestic orders can be 8 billion 700 million yuan, if the international order, and will also face the same dilemma that Rawlinson, no increase in interest income, this will not help the performance of substantial growth.

Outrace did not disclose the proportion of domestic and foreign orders in the order of 8 billion 700 million yuan. According to the contract price, the contract price of Ochs's contract was agreed to be 7.29 yuan per unit, compared with the previous two years, "9.9" yuan (ball bubble lamp) price has been reduced by 20%~30%.

"Mysterious" Shanghai high yuan

For why did not disclose the details of the contract, outrace secretaries office staff told reporters that due to the company and the Shanghai high yuan signed a confidentiality agreement, announced more information, "the announcement has been announced".

The reporter linked to outrace the domestic marketing person in charge of the responsible person and the Shanghai high yuan Shanghai company signed the contract is outrace, need to understand the specific circumstances to the company or Shanghai yuan.

Annual data show that Shanghai high outrace element is one of the top five customers in 2015, the 2015 outrace contribution revenue for 52 million 775 thousand and 100 yuan. The first big customer outrace also only to bring 80 million 500 thousand yuan of revenue, why Shanghai high yuan six months will be able to "progress"?

There is no more information about the Shanghai high yuan. The national enterprise credit information publicity system information display, Shanghai yuan was established in December 11, 2001, registered capital of 10 million yuan, registered residence for the city of Shanghai Changning District River Road No. 31 building 506 room 5, including the operation of industrial investment, real estate development business, five gold exchange and engaged in the import and export of goods and technologies of foreign trade management.

Registration information shows that a total of two yuan Shanghai high shareholders, Wang Bicheng shareholding of 90%, the legal representative of the company. Huang Yaohua Holdings 10%, the name of the same name with the chairman of the Great Wall securities, the reporter failed to confirm whether the same person.

Shanghai yuan foreign investment enterprises including Nanjing YONGGU long hair Ltd. and Shanghai Garden Real Estate Co. Ltd., the former main project for Nanjing Tangshan Howard Johnson International Eco spa tourism resort.