Huatian Technology 50 million holding Mike Optoelectronics actively deploys LED packaging


Huatian Technology announced on the evening of April 28 that the company signed the “Framework Agreement for Capital Increase Cooperation” with Chen Sunan, Fulunde Company and Mike Optoelectronics on April 28th. The company plans to increase the capital of Mike Optoelectronics in two phases in cash. The amount is 50 million yuan. After the above capital increase is completed, the company will hold a 51-share stake in Mike Opto. In the future, the company will acquire all or part of the shares held by the remaining shareholders of Mike Optoelectronics at the timing that the company deems appropriate, based on the performance of Mike Opto. Yongwei Global holds a 100-share stake in Mike Opto. Chen Sunan controls the equity of Yongwei Global 100 and is the actual controller of Mike Optoelectronics. The operating income of Mike Optoelectronics in 2014 and January-March 2015 was 96.143 million yuan and 11.17 million yuan respectively, and the net profit was 766.62 million and -7.661 million yuan respectively. Mike Optoelectronics is mainly engaged in the research and development of LED backlight packaging and LED lighting. Products are mainly exported to Europe, America, Asia, Australia, the Middle East and domestic markets, widely used in mobile phones, digital cameras, portable DVD, GPS and indoor lighting. The company increased its capital and realized its control to improve the company's industrial chain in the packaging field, further optimize the company's industrial layout, enhance the company's comprehensive market competitiveness, and help the company's development strategy in the packaging field. At the same time, the company disclosed a quarterly report. In the first quarter of 2015, the company achieved operating income of 737 million yuan, a year-on-year increase of 13.20; net profit of 64.265 million yuan, an increase of 31.26. The company expects the net profit attributable to shareholders of listed companies to change from 167 million to 209 million yuan in the first six months of 2015, with a net profit change of 20-50. The reason for the change in performance is mainly due to the implementation of the company's fund-raising investment projects, the company's integrated circuit packaging capabilities continue to improve.

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