M&A integration has always been a big show of the year. Mulinsen intends to acquire Osram, Hyun Shuo Opto's 450 million "selling body", and successfully embraced the thigh of Zhengye Technology. At the same time, Qinshang Optoelectronics also sent news about the cross-border education industry. In addition, the 2015 LED asset-liability ratio of the entire LED industry increased significantly compared with Q1 and Q2, mainly due to the fact that the LED industry participated in more acquisitions in Q3 quarter, but fell to 35.7% in 2015Q4. This year Q1 again rose slightly, up nearly year-on-year. 2%. In 2016, the LED industry mergers and acquisitions and expansions are increasing. Who is up and down between mergers and acquisitions?

Mergers and acquisitions

450 million "selling deeds", domineering buy and buy

Mulinsen acquires Osram lighting?

On May 17, Mulinsen issued the "27th meeting of the second board of directors of Mulinsen Co., Ltd. (hereinafter referred to as "the company"), saying that the meeting voted by written vote, and the directors of the meeting carefully reviewed and passed "Proposal on Agreeing the Company to Participate in the Bidding Consortium to Submit a Legally Binding Tender to OSRAMLichtAG".

In order to promote the internationalization process of Mulinsen and improve the strategic layout of Mulinsen in the LED industry, Mulinsen decided to form a bidding consortium with the partners to participate in the bidding for the acquisition of OSRAMLichtAG (hereinafter referred to as "OSRAM") part of the lighting business assets, and submitted laws to OSRAM. Binding the tender, and agreed to authorize Chairman Sun Qinghuan to sign the tender and other legal documents related to the transaction.

According to the announcement, if the bidding consortium successfully wins the bid, Mulinsen will submit the foreign investment matters corresponding to the amount of funds issued by the company to the bidding consortium to the board of directors for consideration according to the relevant provisions of the “Articles of Association” and the “Administrative Measures for Investment Decisions”. And submitted to the shareholders meeting for consideration. (Mu Linsen Lighting)

Comments : This announcement is a bit of a wrap, it can be said that simple, plus the first day of the Mulinsen official WeChat announcement was released, it is a lot of peers' eyes. To put it simply, Mulinsen submitted a legally binding tender to Osram to participate in the acquisition of part of the lighting business. The key is, why does Mulinsen buy Osram lighting? There are many speculations, but they are not necessarily reliable. What you can know is that Mulinsen, known as the "Wolf King", began to fully deploy the international market as early as two years ago. This time "buy" Osram lighting, whether it can successfully borrow the ship to sea and expand the industrial empire, it is worth looking forward to.

Zhengye Technology plans to swallow 450 million

Zhengye Technology disclosed the major asset restructuring plan on the morning of the 18th. The company plans to purchase 100% equity of Hyun Shuo Optoelectronics by issuing shares and paying cash, and raise matching funds. The company will not resume trading.

The company acquired 100% equity of Hyun Shuo Optoelectronics, and the transaction price was RMB 450 million. 65% of the transaction consideration was paid by way of issuing shares, and 7,063,511 shares were issued in total, and 35% of the transaction consideration was paid in cash, totaling RMB 157.5 million; the transaction Upon completion, Zhengye Technology will hold 100% equity of Hyun Shuo Optoelectronics, and Hyun Shuo Optoelectronics will become a wholly-owned subsidiary of Zhengye Technology. The trading partners Zhao Yutao, He Mingli, Hua Yinghao, Hyun Shuo's investment commitment, Hyun Shuo Optoelectronics achieved net profit of 36 million yuan, 46.8 million yuan and 60.84 million yuan in 2016, 2017 and 2018 respectively.

Established in 2010, Hyun Shuo Optoelectronics Co., Ltd. is mainly engaged in the R&D, design, production and sales of LED automation equipment and integrated solutions for LED packaging, LED placement machines and intelligent lighting production lines, and gradually develops its business to robots and semiconductor automation production equipment. Field extension. Hyun Shuo Optoelectronics has developed into one of the well-known LED automation equipment manufacturers in the industry. (Hyun Shuo Optoelectronics)

Comments : After the completion of this transaction, Zhengye Technology will hold 100% equity of Hyun Shuo Optoelectronics, and Hyun Shuo Optoelectronics will become a wholly-owned subsidiary of Zhengye Technology. The trading partners Zhao Yutao, He Mingli, Hua Yinghao, Hyun Shuo Investment Commitment, Hyun Shuo Optoelectronics achieved net profit of 36 million yuan, 46.8 million yuan and 60.84 million in 2016, 2017 and 2018 respectively. yuan. In any case, the transaction price of 450 million yuan really surprised the industry, and this thigh is domineering!

Diligent transformation and education

On May 13th, Qinshang Optoelectronics stated at the investor exchange meeting that it would purchase 100% equity of Guangzhou Longwen Education Technology Co., Ltd. by issuing shares and paying cash, and actively transform into the education industry. In 2016, it also needs to contribute as much as possible to the optoelectronic business. Profit, as soon as possible (to fight for 2017) to sell the LED business to the Qinshang Group, in order to recover hundreds of millions of cash, concentrate on the field of education to become bigger and stronger.

Qinshang Optoelectronics also stated that in line with the education business strategy, the company headquarters may also be adjusted to Shenzhen or Beijing, and the company's senior management team will also introduce senior executives in the education industry.

According to the Internet information, Longwen Education is a kind of education and training institution that specializes in providing comprehensive education and full-time education for young children, adolescents and adults.

Although the pace of the transformation of Qinshang Optoelectronics seems to be a bit unbelievable, it is not uncommon to give up the main business into the emerging field. The predecessor of IBM, which has developed artificial intelligence lawyers, is the Computational Watchmaking Timing Company, a traditional industrial company that produces gauges, timing equipment and watchmaking machines. (Qin Shang Optoelectronics)

Comments : Following the transformation of Lehman Optoelectronics to become the sports industry renamed Lehman shares, Changfang Lighting changed its name to the Changfang Group after the transformation, diligence is one of the famous enterprises in the LED industry to join the rank-changing strategy army. The industry always has rise and fall, and products have their life cycle. To achieve sustainable operation, enterprises must continue to maintain their learning ability in the past 100 years, follow the trend of industry development, timely change, transform, and rationally use their own advantages to enter An industry that can continue to bring new growth momentum to the company.

Q1 LED industry net profit rose 31% year-on-year

According to statistics, the performance of 19 LED industry companies showed that the growth rate of 2015 Q4 and 2016 Q1 industry revenues increased significantly, much higher than the same period last year. The apparent increase in revenue growth was affected by mergers and acquisitions. Excluding the impact of mergers and acquisitions, the year-on-year growth rate of revenue in the fourth quarter and the first quarter of this year was approximately 22.36% and 26.44%, respectively, still higher than the same period last year.

2015 Q4 LED industry net profit fell 14.9% year-on-year; 2016 Q1 LED industry net profit increased by 31.1%. 2016 Q1 Excluding the actual revenue after the merger, the year-on-year growth rate and net profit growth are both ahead of the other quarters, mainly due to the emergence of three positive factors in the industry. First, in 2016, for the sports year, the demand for display screens is good, and the small pitch is especially bright. Second, the price of low-power packaging has gradually bottomed out, which is good for midstream packaging manufacturers. Third, LED lighting penetration has accelerated.

Comments : 2016 Q1 excludes the actual revenue after the merger and the year-on-year growth of net profit is ahead of other quarters, mainly because the industry's three positive factors began to emerge, which is worth looking forward to. In the future, LED light sources will undergo continuous innovation and increasingly mature technology improvements, and the market penetration rate will continue to increase, which will also drive the market share of light source products. In the future, the light source series index will remain stable.

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