On the evening of July 18th, Alto Electronics released the “Promotion Announcement on the Winning of the Lighting Project of Shenzhen Qianbahui Lighting Engineering Co., Ltd., a wholly-owned subsidiaryâ€, which announced that Shenzhen Alto Electronics Co., Ltd. (hereinafter referred to as “Company†or “Alto Electronics†") Shenzhen Qianbaihui Lighting Engineering Co., Ltd. (hereinafter referred to as "Qianbaihui"), a wholly-owned subsidiary, received the "Notice of Winning Bidding" from the pre-office of Ningbo Municipal Engineering.
The notice confirms that Qianbaihui is the winning bidder of the V section of the “Building Landscape Lighting Improvement Project along Zhongshan Road†in Ningbo (hereinafter referred to as “the winning bidâ€). The contract price of the project is RMB 62.687 million, accounting for 13.76% of the company's audited operating income of 457 million yuan in 2016, accounting for 40.13% of the annual audited operating income of 157 million yuan.
Alto Electronics said that the signing of the contract and the follow-up of the project will be positively affected, and it is expected to have a positive impact on the company's 2017 annual operating results, and will further enhance the influence of Qianbaihui in the industry and promote Alto Electronics in smart lighting. The development of the sector.
In recent years, companies with lighting engineering as their main business have increasingly “flushed†into the capital market. They either choose to go public separately, or are acquired by listed companies and are involved in the capital market, or they are listed separately in the new three boards. In order to gain more capital favor.
In 2016, Alto Electronics carried out a major asset restructuring and acquired Shenzhen Qianbaihui Lighting Engineering Co., Ltd. with a consideration of RMB 300 million.
The acquisition of Qianbaihui can provide strong support for the expansion of Alto's LED application products in the market areas such as urban landscape lighting and stadium renovation, so as to quickly enter the field of smart lighting engineering, which will help expand the scale of the company's LED application and sports business. .
Qianbaihui has accumulated rich channels and customer resources in the construction, design and other related markets of urban landscape lighting projects. It has “Qualification for Urban and Road Lighting Projectsâ€, “Special Qualification for Grade A Lighting Design†and “Building Electrical and Mechanical Installation Engineeringâ€. Professional contracting three-level qualifications and "electronic and intelligent engineering professional contracting secondary qualifications."
Qianbaihui has successively implemented many urban landscape lighting projects such as Wanda Plaza and Theme Park, Shenzhen Nanshan Central District, Wuhan Hanxiu Theater, Beijing Lucheng Athlete Training Center and Beijing Xiannongtan Tennis Hall. The data shows that in the first three months of this year, the amount of contracts signed by Qianbaihui has reached 258 million yuan.
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