NVC's 500 million acquisition of the first "trial" home lighting into the main battlefield
After a series of storms, NVC lighting, which slowly began to slow down, finally came out. The initial test took out RMB 500 million for the acquisition of 75% of Yao Neng Holdings.
Recently, NVC Lighting announced that its wholly-owned subsidiary Hong Kong NVC Lighting Co., Ltd. ("Hong Kong NVC") and the transfer party Jinzhonghe Investment Co., Ltd. ("Jinzhonghe Investment") entered into the equity transfer agreement It will acquire a 75% stake in Yao Neng Holdings Co., Ltd.
Previously, the transfer party Jinzhonghe Investment held a series of new international patents for LED semiconductor technology and a 50% stake in Zhongshan NVC through the target company Yao Neng Holdings. NVC Lighting held Zhongshan NVC through Huizhou NVC. 50% equity. Through this equity transfer agreement, Jinzhonghe Investment agreed to sell 75% of the target company (Yaoeng Holdings Co., Ltd.) to NVC in Hong Kong, so that NVC Lighting will become the first major shareholder of Zhongshan NVC.
It is understood that the consideration for this acquisition is tentatively set at RMB 500 million. The consideration will be paid by the Hong Kong NVC to the transferor for RMB 480 million on the date of completion of the acquisition, and the balance will be paid after receiving the audited net profit after tax of Zhongshan NVC in 2015.
The NVC Lighting Board believes that the intellectual property owned by the target company Yao Neng Holdings will benefit NVC lighting technology upgrades and new product development, and will enhance NVC lighting competitiveness, develop the international market for NVC lighting products, and promote mines. The growth of lighting performance.
In addition, NVC is an important business operation and growth point of NVC Lighting. NVC Lighting Board believes that NVC lighting can be researched and developed from Zhongshan NVC by increasing the shareholding ratio of NVC Lighting in Zhongshan NVC. Profits in the production and sale of lighting fixtures, light sources and other lighting appliances, LED products, thereby achieving greater economic benefits and development potential.
According to industry analysts, NVC lighting is intended to strengthen the control of NVC lighting in the home lighting business, and Zhongshan NVC is the main force of NVC's home lighting.
Previously, at the 2015 annual meeting of NVC, NVC Lighting Chairman Wang Donglei once said that in 2015, NVC in Zhongshan achieved sales of 860 million yuan, a contrarian growth of 32%. In 2016, NVC’s target was 1.2 billion yuan. Increase by 40%. Next, we will fully support the big home business, fight against the opponents and win market strategic opportunities.
"The NVC home business has huge room for growth. The home business and the business photo business must be hard." Wang Donglei said that the construction of home sales network will be increased, the speed of opening stores will be accelerated, and the products and suppliers resources will be integrated to establish through O2O means. The omni-channel home marketing system ensures that the home business will grow by more than 40% year-on-year, or 1.2 billion yuan.
At the same time, NVC Lighting Headquarters will increase the design of home products and strengthen the quality guidance for home products; in terms of organizational structure, Zhuhai Home will be integrated into Zhongshan Home and integrate the Group's resources.
According to Wang Donglei, within three years, NVC's home business goal is to surpass Philips home, catch up with Op Home, and strive to be China's first lighting industry.
Undoubtedly, home lighting will become the focus of competition for several giants in 2016.
Home lighting giant Op Lighting is also on the way to the A-share IPO.
Opal Lighting's "Prospectus" shows that the company's main business income from 2012 to 2014 was 3.138 billion yuan, 3.390 billion yuan and 3.843 billion yuan; net profit was 429 million yuan, 479 million yuan and 301 million yuan.
In 2012, 2013 and 2014, the company's home lighting business accounted for 37.66%, 43.52% and 38.72%, respectively, which is one of the company's main sources of income. Op Lighting's sales are mainly based on the dealer model. As of December 31, 2014, there were more than 38,000 sales outlets in various channels in China.
Opto Lighting's IPO fundraising investment is mainly for LED green lighting production projects, R&D centers and exhibition centers and marketing networks. Among them, the lighting production project is planned to invest 567 million yuan.
It is understood that the product line of NVC Lighting is being replaced according to Wang Donglei's plan. According to its introduction, by the end of 2015, 90% of NVC lighting products will be LED products. At the end of 2014, LED products were only about 30%.
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