[Text "New Industry" reporter / Yan Yaping]
On December 14, Lin Yang Electronics (601222.SH), the main smart meter, issued an announcement to invest RMB 50 million to establish Jiangsu Linyang Optoelectronics Technology Co., Ltd. (hereinafter referred to as: Lin Yang Optoelectronics) to engage in LED related business.
Lin Yang Electronics said that the country will introduce relevant support policies when the LED industry gradually enters the market. In particular, the subsidy policy for LED lighting will help boost industry confidence and encourage the orderly development of the industry. In the future, China's LED industry will face tremendous opportunities. Therefore, the company has established a subsidiary that 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 Yang Electronic Securities Affairs representative Rong Rongrong said in an interview with the reporter of "New Industry" that Lin Yang Optoelectronics is still in the stage of industrial and commercial nuclear name. After the establishment, the products are mainly LED lamps.
"At present, we have some intention contracts, the local administrative lighting project of Qidong City, the new street lighting project in the new district, and the municipal engineering in the surrounding areas of Qidong City." Rong Rongrong said that if the order of the above projects can be confirmed, it will be the first in 2013. In the quarter, Lin Yang Electronics brought about 50 million yuan in revenue.
Zhang Hongbiao, director of the High-tech LED Research Institute, said that the technical threshold for entering the LED application market is relatively low, and the company can do it by receiving a project order. "The most crucial thing is to see if there is the ability to continue to take orders."
More than 90% of Linyang Electronics' revenue comes from energy meters (including electricity consumption information collection). In the first three quarters of 2012, revenue was 1.304 billion yuan, up 23.48% year-on-year; net profit was 176 million yuan, up 102.30% year-on-year.
On December 14, Lin Yang Electronics (601222.SH), the main smart meter, issued an announcement to invest RMB 50 million to establish Jiangsu Linyang Optoelectronics Technology Co., Ltd. (hereinafter referred to as: Lin Yang Optoelectronics) to engage in LED related business.
Lin Yang Electronics said that the country will introduce relevant support policies when the LED industry gradually enters the market. In particular, the subsidy policy for LED lighting will help boost industry confidence and encourage the orderly development of the industry. In the future, China's LED industry will face tremendous opportunities. Therefore, the company has established a subsidiary that 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 Yang Electronic Securities Affairs representative Rong Rongrong said in an interview with the reporter of "New Industry" that Lin Yang Optoelectronics is still in the stage of industrial and commercial nuclear name. After the establishment, the products are mainly LED lamps.
"At present, we have some intention contracts, the local administrative lighting project of Qidong City, the new street lighting project in the new district, and the municipal engineering in the surrounding areas of Qidong City." Rong Rongrong said that if the order of the above projects can be confirmed, it will be the first in 2013. In the quarter, Lin Yang Electronics brought about 50 million yuan in revenue.
Zhang Hongbiao, director of the High-tech LED Research Institute, said that the technical threshold for entering the LED application market is relatively low, and the company can do it by receiving a project order. "The most crucial thing is to see if there is the ability to continue to take orders."
More than 90% of Linyang Electronics' revenue comes from energy meters (including electricity consumption information collection). In the first three quarters of 2012, revenue was 1.304 billion yuan, up 23.48% year-on-year; net profit was 176 million yuan, up 102.30% year-on-year.
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