Diversified landscape lighting market Wanrun Technology holds two "double" enterprises in one breath

According to the announcement, the two companies are excellent domestic lighting engineering design and construction integration companies, all of which have the qualifications for urban and road lighting engineering contractor-level qualification and lighting engineering special design grade A, commonly known as double armor. This move has caused widespread concern in the market. On the evening of March 14, Wanrun Technology (002654) announced that the company intends to acquire 51.02% equity of Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd. and 51% of Nanjing Langhui Optoelectronics Technology Co., Ltd., respectively, not exceeding 209 million yuan and 225 million yuan. Equity. According to the announcement, the two companies are excellent domestic lighting engineering design and construction integration companies, all of which have the qualifications for urban and road lighting engineering contractor-level qualification and lighting engineering special design grade A, commonly known as double armor. This move has caused widespread concern in the market. Announced that Zhongzhu Tianyou was established in 2012. Its main business is to provide customers with high-quality enterprises integrating urban night scenes, cultural travel lighting and sports lighting engineering integration solutions, lighting engineering design and construction, as well as the Olympic Council of Asia lighting. And service partners. Founded in 2005, Langhui Optoelectronics is mainly engaged in urban lighting and tourism scenic lighting planning and design; it provides special design for lighting projects such as building floodlights, municipal roads, garden landscapes, cultural relics, urban squares, stadiums and five-star hotels. And construction solutions. The company said that by acquiring Zhongzhu Tianyou and Langhui Optoelectronics, it can further enhance the company's market competitiveness in LED lighting, especially in municipal engineering, landscape lighting, and urban and road lighting, which will help improve the company's segmentation in the lighting market. The status of the industry will promote the formation of upstream and downstream synergies in the LED business and enhance the overall strength of the company's LED business segment. At present, there are only 46 companies with the highest qualifications in the lighting engineering industry in China. It is reported that the acquisition of double-level qualifications must not only have sufficient talent team reserves, but also require more than five years of business experience in obtaining relevant qualifications. Strong and strong, the industry experts in the landscape lighting market said that on the one hand, they benefited from the national infrastructure investment and cultural tourism policies, including the country's vigorous promotion of characteristic towns and beautiful China, and the demand for lighting projects related to urban development increased; On the one hand, a large number of large-scale urban landscape lighting demonstration projects have emerged across the country. The local government's demand for night-time economic construction has exploded, and the urban landscape lighting industry has ushered in unprecedented opportunities. Enterprises that can seize such opportunities also need funds and excellent qualifications. Some of the lighting projects that cost over 100 million yuan take a long time, ranging from several months to several years, and they need to continue to invest high costs. This tests the financial strength of lighting engineering companies. In addition, landscape lighting projects are generally led by the government and implemented through tendering. Lighting companies with more qualifications mean more advantages in bidding. According to the relevant person in charge of Wanrun Technology, the company determined the strategy of acquiring the lighting company in the middle of last year. During this period, it also contacted a number of companies, and finally selected a high-quality company in South China and Central China respectively. The economic foundation and huge market demand of these two regions are more obvious. They all have excellent design and technical teams. The managers have strong industry background and accumulated rich resources. The acquired company itself is also subject to the bottleneck of scale and capital in the development process. After entering the listed company platform, relying on the qualifications and financing platform of the listed company, and relying on the coordination effect, it can effectively achieve breakthroughs. According to market analysts, Wanrun Technology, a high-end LED manufacturer, has been deeply involved in LED lighting and packaging for many years. In recent years, it has been fully exploiting the landscape lighting market, but it is lacking in design and construction. The two double-company enterprises will effectively improve the company's industrial chain and form an industrial chain of package-lighting-design-construction synergy, rapidly expand the application market of lighting products, enhance the core competitive advantages of the company in the segmentation field, and strengthen and expand the LED industry. . The overall improvement of the valuation of listed companies is driven by the combination of industry development and strength. The two companies acquired by Wanrun Technology are also very impressive in their performance from 2018 to 2020, with 45 million, 48 million, 62.4 million and 5000 respectively. 10,000, 65 million, 84.5 million. Based on the current shareholding ratio of Wanrun Technology, both companies will fully fulfill their performance commitments for three years and will contribute at least 180 million net profit to listed companies. Since Wanrun Technology has been active in various capital acquisitions in recent years, it has formed a group of companies driven by LED and advertising media production, and the acquired companies have fulfilled their performance commitments in recent years. In 2017, Wanrun Technology achieved operating income of 3.082 billion yuan, a year-on-year increase of 92.87%; net profit attributable to shareholders of listed companies was 209 million yuan, a year-on-year increase of 46.11%. Some investors have calculated that, if the acquisition of Wanrun Technology can fulfill its performance commitment in 2018, Wanrun Technology's net profit in 2018 will reach 400 million. Considering the industrial benefits brought by industrial synergy, the performance will increase even. This number will be exceeded, so the company's current market value is seriously undervalued. Wanrun Technology's acquisition changed the style of the past, using cash acquisition instead of the previous issue of shares, the purchase of shares selected 51% of the holdings, rather than a one-time 100% all. A brokerage analyst who has long been concerned about Wanrun Technology pointed out that although Wanrun’s acquisition style has changed, the strict acquisition terms have not changed, and various unlocking conditions. The indemnity clause is still consistently demanding. If the agreement stipulates that the transaction consideration is obtained, the two companies need to purchase Wanrun Technology stock through the secondary market within 90 days with a transaction amount of more than 55%, and the total amount will exceed 260 million yuan. It will bring more direct benefits to the secondary market of Wanrun Technology.

Sterilizer Machine

1. The fsterilization machine can solve the problems of food that cannot be stored at room temperature, swelling of the bag, and deterioration during transportation. The sterilization pot is used for various foods. Vacuum transparent bag, aluminum foil bag, glass bottle, tinplate, etc., can be effectively sterilized.

2. After sterilization, the product does not need to add any preservatives, does not need to be refrigerated, and can be stored at room temperature for 3-6 months, solving all the problems of short shelf life.

Food Sterilizer Machine, Steam Sterilization Machine, Steam Bottle Sterilizer

Henan Gems Machinery Co.,Ltd , https://www.gemsmachine.com