The funds planned to be raised this time will not exceed 710.8056 million yuan, which will be used to acquire 100% equity of Shenzhen Rishang Optoelectronics Co., Ltd. and supplement working capital. Among them, 390 million yuan was used to acquire 100% equity of Rishang Optoelectronics. The estimated value-added rate of Rishang Optoelectronics is 148.33%.
Rishang Optoelectronics is mainly engaged in the research and development, production and sales of LED advertising sign lighting products, LED strip lighting products, LED advertising light box lighting systems and LED panel lights. It is reported that Rishang Optoelectronics provides many mid-to-high-end customers with systematic solutions such as advertising sign lighting product design and personalized customization. In addition, Rishang Optoelectronics has taken the lead in developing an intelligent LED advertising sign lighting system, which realizes multiple intelligent management such as remote control, maintenance and light source brightness adjustment.
According to the performance compensation agreement, Rishang Optoelectronics promises that the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses in 2014, 2015, 2016, and 2017 will not be less than 30 million yuan, 40.5 million yuan, 52.65 million yuan, and 65.81 million yuan respectively. Data shows that Rishang Optoelectronics’ revenue and net profit attributable to owners of the parent company in the first half of this year were 20,181.78 and 5.0574 million yuan respectively.
Wanrun Technology and Rishang Optoelectronics are both engaged in the LED lighting business. In terms of production business, Wanrun Technology has a comparative advantage in the packaging link, while Rishang Optoelectronics has a comparative advantage in the product application link. After Wanrun Technology acquires Rishang Optoelectronics, the two parties can achieve complementary advantages; in terms of sales, due to the small overlap in customers of the two parties, the two parties can share marketing networks and customer resources, and their respective products can be sold through each other's channels; in terms of product research and development, the two parties can achieve a strong combination of research and development capabilities.
The company stated that the acquisition of Rishang Optoelectronics will help the company quickly enter the professional LED advertising sign lighting market, enrich product categories, expand market share in the lighting field, increase revenue and profit sources, and make the company's business structure more reasonable. This matter is good for the company's stock price.
ANNA