Hongli Optoelectronics 170 million yuan acquisition of Smect to enhance white LED packaging capabilities

The year of mergers and acquisitions of LED lighting popularization has come one after another. Tonight (13th), the well-known white LED packaging company Hongli Optoelectronics (300219.SZ) announced that it plans to spend 170 million yuan in cash to acquire Shenzhen Smtech to strengthen its advantage.

Today, Hongli Optoelectronics signed an equity transfer agreement and a performance commitment agreement with the four shareholders of Smax, and 100% of Smtech's equity will be completed within one month from the date of signing the agreement.

Smect is a white light encapsulation enterprise for domestic LED lighting. In the future, it will expand its production capacity and increase its market share. At the same time, it will increase TV backlighting and small and medium-sized backlight application packaging products. From January to June this year, Smect's operating income was 138 million yuan, net profit was 14.209 million yuan; owner's equity attributable to the parent company was 53.434 million yuan.

Among the four original shareholders of Simai, general manager Li Jundong and deputy general manager Liu Wenjun and Zhang Mingwu transferred 55.65% (about 269.787 million yuan) of the proceeds from the transfer of equity to Hongli Optoelectronics to the regulatory account, all for The secondary market subscribed for the shares of Hongli Optoelectronics, which can be unlocked 50% respectively from the date of the issuance of the 2015 and 2016 annual audit reports.

Although Hongli Optoelectronics is the leader in domestic white LED packaging, it has not been involved in the R&D, production and sales of LED EMC stent products. If it develops itself, it will miss the market opportunity of LED lighting. Smect has established a relatively complete EMC series product line including EMC brackets, which is a rising star in the LED packaging industry.

Through this transaction, Hongli Optoelectronics not only acquired the quality assets of Smect, but also included the management team of Smtech into the listed company, which is beneficial to the long-term sustainable development of listed companies. Smect complements Hongli Optoelectronics in terms of customers and sales channels. The two parties will deepen integration in technology, market, management and finance to achieve synergy.

Hongli Optoelectronics believes that this acquisition will further expand the company's business scale and build a new profit growth point. The counterparty promised that the net profit attributable to the shareholders of the parent company after the audited deducting non-recurring gains and losses in 2014, 2015 and 2016 was not less than 28 million yuan, 32 million yuan and 35 million yuan respectively. Upon completion of this transaction, Hongli Optoelectronics' total assets, operating income, equity and net profit attributable to shareholders of the parent company will be significantly improved.

Splicer Fusion

Optical fiber fusion splicer is mainly used for the construction and maintenance of optical cable in optical communication, so it is also called optical cable fusion splicer. The general working principle is to use a high-voltage arc to melt the sections of the two optical fibers while using a high-precision motion mechanism to gently advance the two optical fibers into one, so as to realize the coupling of the optical fiber mode fields.

Optical fiber fusion splicer is mainly used in:
Construction, maintenance and emergency repairs of optical cable lines of telecommunications operators, communication engineering companies, and public institutions;
Experiment, production and testing of optical devices;
research;
Teaching and research related to optical fiber communication in major colleges and universities.
Ordinary optical fiber fusion splicers generally refer to single-core optical fiber fusion splicers. In addition, there are ribbon optical fiber fusion splicers specially used to splice ribbon optical fibers, sheath fusion splicers for splicing sheathed optical cables and jumpers, and splice protection Polarization maintaining fiber fusion splicer for polarized fiber, etc.
According to different alignment methods, fiber fusion splicers can be divided into two categories: cladding-aligned and core-aligned. The cladding alignment type is mainly suitable for occasions such as low-requirement fiber to the home, so the price is relatively low; the core alignment type fiber fusion splicer is equipped with a precision six-motor core alignment mechanism, a specially designed optical lens and software algorithms, which can Accurately identify the fiber type and automatically select the matching splicing mode to ensure the splicing quality. The technical content is high, so the price will be relatively high.

Splicer Fusion,Ftth Splicing Fusion Splicer,Optic Fiber Splicing Machine,High Precision Splicer Fusion Machine

Shenzhen Scodeno Technology Co.,Ltd , https://www.scodenonet.com