LED lighting company Greer establishes new company and increases capital subsidiary

On October 13, Greer Digital Technology Co., Ltd. (hereinafter referred to as "Glier") issued a number of announcements about subsidiaries, involving the establishment and capital increase of Sun Company.

Establishment of Sun Company Greer New Power

According to the announcement, in order to promote the implementation of new power system-related businesses, its holding subsidiary Gloria International Inc. and Jiangsu Yuefa Energy Technology Co., Ltd. jointly invested in the establishment of Suqian Greer New Power Technology Co., Ltd. with a registered capital of 30 million yuan. Among them, Gloria International Inc. subscribed for 21 million yuan, holding a 70% shareholding ratio; Jiangsu Yuefa subscribed for 9 million yuan, holding a 30% shareholding ratio.

Greer completed the establishment of the holding company and obtained a business license on October 10. The business scope of Suqian Greer New Power includes power supply, power generation, transmission and distribution; manufacturing and sales of photovoltaic equipment and components; solar power generation technical services; sales of solar thermal power generation equipment; new Manufacturing and sales of energy prime mover equipment; and research and development of emerging energy technologies, etc.

Greer said that the company will further optimize its business structure, seize new opportunities such as the construction of zero-carbon parks, focus on developing microgrid-related businesses in industrial parks, factories, ports and other scenarios, expand the field of new power systems, and actively cultivate new business growth points. The establishment of a holding company this time is an important measure for the company to promote the implementation of new power system businesses such as microgrids and virtual power plants.

Greer pointed out that this external investment to establish a holding subsidiary is based on future development strategy considerations, which will help enhance sustainable operating capabilities and enhance performance growth potential, and is expected to have a positive impact on the company's future financial status and operating results.

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Capital increase in subsidiary Greer Technology

Another announcement showed that according to the company’s business development needs, the company increased capital by RMB 27.03831 million to its wholly-owned subsidiary Xuzhou Greer Technology Co., Ltd., and the company holds 100% of the equity of Greer Technology. After the capital increase is completed, the registered capital of Greer Technology will increase from 2.96169 million yuan to 30 million yuan, and it will still be a wholly-owned subsidiary of the company.

Greer Technology's business scope includes the production and sales of set-top boxes, optical disc video recorders, transformers, lighting appliances, and photovoltaic power generation equipment, as well as photovoltaic power generation, self-operation and agency import and export business of various commodities and technologies.

Greer said that this capital increase is based on the company's long-term development strategy and the decision was made after in-depth research. It will be conducive to expanding the company's business, but there may still be certain risks in operations, management and market environment.

Information shows that Greer is a national high-tech enterprise integrating lighting product design, research and development, production, sales, construction and service. It can provide customers with Provide users with overall solutions such as smart transportation, smart parks, smart lighting, and smart ships.

Its products cover road lighting, emergency lighting, health lighting, special lighting and other fields. In addition, the company also develops magnetic device business, focusing on the R&D and production of electronic transformers, inductors and other magnetic components.

In the first half of 2025, Greer achieved operating income of approximately 241 million yuan, a year-on-year decrease of 19.01%; net profit attributable to the parent company was 31.5148 million yuan, a year-on-year increase of 178.34%, successfully turning losses into profits.