Uomnilamp moves constantly: acquisition, a branch company, equity investment and drying performance

Yesterday (27) evening, Shenzhen uomnilamp Polytron Technologies Inc (hereinafter referred to as "uomnilamp" or the "company") the number of bursts of announcement, including the acquisition of 55% equity investment, Yongqi lighting set up branch companies, equity investment, and glory in 2018 first quarter results.

According to the announcement, the proposed acquisition of Xu Jianping, Ningbo uomnilamp yong'ao investment partnership (limited partnership) in cash, Ningbo Meishan bonded port Chengwang investment management partnership (limited partnership) were held in Zhejiang Yong Qi Lighting Engineering Company Limited (hereinafter referred to as "Yongqi lighting") 28.325% equity and 23.925% equity and 2.75% equity. Yongqi holds a total of 55% equity transactions on lighting, price of 247 million 500 thousand yuan, the acquisition of funding for the company's own funds.

Yongqi lighting lighting project in Zhejiang province is the leading enterprise, the transaction is completed, it will become famous HSBC subsidiaries. According to the results of 2018, 2019 and 2020 promises, Yongqi lighting each year net profit amounted to 65 million yuan, reached 50 million yuan, 85 million yuan, a total of 200 million yuan.

Uomnilamp said that after the acquisition, the company can be effectively combined with excellent professional design ability of Yongqi lighting, and further improve the company's level of professional design; integration of Yongqi lighting and uomnilamp sales, R & D resources, realize the leaping development of existing business cooperation. Yongqi uomnilamp bridgehead lighting as a business in East China, to further implement the national regional distribution strategy, greatly enhance the company's lighting engineering business in East China market share, a nationwide implementation of lighting projects conducive to the company's business integration, enhance the overall competitiveness of the business sector, the formation of competitive advantage and further enhance the company's lighting business segment revenue scale and the level of net profit.

At the same time, according to the needs of business development, uomnilamp intends to own funds to set up Shenzhen uomnilamp Polytron Technologies Inc Qingdao branch in Shandong city of Qingdao Province, responsible for Qingdao and the surrounding areas of the lighting engineering business and product sales, marketing etc..

Qingdao branch of the business scope covers the development of lighting technology, city lighting environmental art design, lighting engineering construction; environmental planning; logo design and engineering installation; landscape construction and landscape conservation; contract energy management; LED lamps and lighting lamps, lamp and lamp pole, LED display, solar photovoltaic system design and development and sales.

Uomnilamp said the investment to set up a branch to city lighting project of the company recently made Shandong city of Qingdao Province, the implementation of the work, is conducive to the company's business development.

In addition, our proposed transferee uomnilamp and Jiang Lihong, Ye Jianzhong, Zhou Yafei, the service center by way of equity and capital investment totaling 19 million 980 thousand yuan, Shenzhen brilliance Lighting Technology Development Co. Ltd., (hereinafter referred to as the "glorious state") 54% of the shares. Which uomnilamp own funds through equity transfer and capital increase of the total investment of RMB 11 million 100 thousand yuan, achieved a 30% stake in brilliance.

Bright lighting was founded in 2005, including the operation of electrical equipment, lighting equipment installation (with the relevant qualification certificate management) design and sales and other domestic business, material supply and marketing industry, lighting. The original registered capital of 20 million 800 thousand yuan, after the capital increase, the registered capital increased to 37 million yuan.

Uomnilamp said the foreign investment in the shares of the company's purpose is to seize a good opportunity for the development of a new round of lighting industry, the full integration of the investment side of the resources, technology, market and many other advantages, further expand the scope of business, promote the realization of the strategic objectives of the company. Through this foreign investment, will further improve the company's business layout, and further consolidate the company's market position.

Uomnilamp since March 2016 IPO and listing, the brand awareness and influence in the industry gradually, the rapid development of business. According to uomnilamp 2018 first quarter results notice, the company expects 2018 first quarter profit 30 million 239 thousand and 200 yuan -3628.53 million yuan, year-on-year growth of 50%-80%.

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