LED Automotive lighting is expected to become a new profit growth point for Hongli Optoelectronics

A few days ago, the announcement was 3117. 60 thousand yuan acquisition of Guangzhou Foda signal 38 equity, according to the reporter's understanding, the acquisition shows that Hongli Optoelectronics will increase investment in the future, to expand the LED Automotive lighting industry. As the gross profit margin of LED automobile lighting is much higher than that of LED ordinary lighting, Hongli Optoelectronics hopes that LED automobile lighting can become the company's new profit growth point. Hongli Optoelectronics originally held the equity of Foda signal 62. The 38 shares of this acquisition were held by Dong Jinling, general manager of Foda signal, and Liu Xinguo, deputy general manager. After the acquisition, Hongli Optoelectronics will hold 100 equity of Foda signal. The purchase price is calculated at a price-to-earnings ratio of 10 times the net profit of Foda signal in 2012, and the net profit of Foda signal in 2012 is 837. RMB 980 thousand. Dong Jinling and Liu Xinguo, senior executives of Fuda signal, also promised that Fuda signal's net profits after deducting non-recurring gains and losses from 2013 to 2015 were 11. 69 million yuan, 18. 7 million yuan and 31. 8 million yuan respectively. Deng Shoutie, the secretary-general of Hongli Optoelectronics, believes that the price-earnings ratio of this acquisition is far lower than the price-earnings ratio of A- share LED listed companies, and the net profit growth rate of Fuda signal in the next three years is very large, it can significantly improve the profitability of Hongli Optoelectronics. Based on the promised net profit of 2013 Foda signal, its net profit has reached of the net profit of Hongli Optoelectronics 2012. Data show that Foda signal LED products are mainly used in the lighting of automobiles, motorcycles and ships. The products are mainly exported. At present, the products are exported to more than 20 countries such as Britain, France, Germany and the United States. Deng Shoutie said that after the completion of the acquisition, Foda signal will increase cooperation with foreign major supporting manufacturers and increase sales scale; In China, it has entered the original supporting supply chain through channels, making LED automobile lighting one of Hongli Optoelectronics's main businesses and making it a new profit growth point for the company.