On December 14, Linyang Electronics (601222.SH), which specializes in smart meters, announced that it will invest 50 million yuan to establish Jiangsu Linyang Optoelectronics Technology Co., Ltd. (hereinafter referred to as Linyang Optoelectronics) to engage in LED-related businesses.
Lin Yang said that when the LED industry gradually enters the market, relevant supporting policies will be introduced, especially the subsidy policy for Led Lighting, which will help boost industry confidence and encourage orderly development of the industry. In the future, China's LED industry will face huge opportunities for development. Therefore, the company's establishment of a subsidiary can serve the market and have a long-term impact on the company's business development, future benefits and strategic development.
A few days ago, Lin Yangrong, a representative of Linyang Electronic Securities, said in an interview with a reporter of "New Industry" that Linyang Optoelectronics is still in the stage of industrial and commercial verification. After its establishment, its products are mainly LED lamps.
"At present, we have some intention contracts on hand, the lighting project of the new administrative building in Qidong City, the road lamp project in the new district and the municipal project in the surrounding area of ​​Qidong City," Cen Rongrong said that if the order of the above project can be confirmed to be completed, it will be the first in 2013 This quarter brought about RMB 50 million in revenue to Linyang Electronics.
Zhang Hongbiao, director of the relevant research institute, said that the technical threshold for entering the LED application market is relatively low, and the company can do it after receiving the project order. "The most important thing is to see whether it has the ability to continue to take orders."
More than 90% of Lin Yang ’s revenue comes from electric energy meters (including electricity information collection). In the first three quarters of 2012, revenue was 1.304 billion yuan, an increase of 23.48% year-on-year; net profit was 176 million yuan, an increase of 102.30% year-on-year.
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