January 09, 2025

Industrial capital increase, Hongli Zhihui car light business is even more powerful

After the signing of the "Strategic Cooperation Agreement" with Harmony Haoji Investment, Zhangjiagang Management Committee and Yuefeng Jinchuang, Hongli Zhihui has made new progress in cooperation.

On March 19, Hongli Zhihui announced that the company's shareholder, Ma Chengzhang, intends to transfer the 5.07% shares of the company it holds to the Ruijie Investment Enterprise (Limited Partnership) of Zhangjiagang Economic and Technological Development Zone with a transfer price of 12.5 yuan/share. . After the transfer, Ma Chengzhang's shareholding ratio fell to 13.64%, and Ruijie Investment's shareholding rose to 10.02%.

Hongli Zhihui said that the implementation of the agreement transfer can introduce investors with more than 5% of the company's shares and optimize the company's shareholding structure.

In fact, as early as February 12, Hongli Zhihui said that it signed a strategic cooperation agreement with Harmony Haoquan Investment, Zhangjiagang Management Committee and Yuefeng Jinchuang, and plans to cooperate and integrate all aspects of project and capital level around the LED lamp industry. The respective resource advantages will promote the upgrading of products in the field of LED lights, aiming at improving the economic and social benefits of the four parties and achieving mutual benefit and win-win results.

According to the announcement, Harmony Haoyuan Investment or its designated related parties and Yuefeng Jinchuang will jointly establish or use existing industrial investment funds to acquire the company's shares in the next six months according to market conditions, and the proportion of increase is not lower than 10%.

After signing the strategic cooperation agreement, we will give full play to the professional strength of Harmony and its related parties, and find the M&A targets that are of great significance to Hongli Zhihui at home and abroad, and accelerate the LED packaging of Hongli Zhihui in the vehicle-level level. The development of automotive lighting business, such as LED car light module and LED car lighting, helps Hongli Zhihui to enhance the LED automotive lighting business strength, expand market share and enhance overall competitive advantage.

As we all know, the current penetration rate of LED exterior lights is less than 15%. Considering the future cost reduction, it is expected that the penetration rate of headlights and fog lamps will increase rapidly. Hongli Zhihui passed the "Fuda Signal" and "Yishan Car Light" wings.

Yishen car lights have successively won the bid for the ADB development project of domestic large-scale car enterprises and the “laser-assisted high-beam headlight project” of a large domestic car company, reflecting its strong strength in high-end intelligent car headlights.

Based on overseas advantages, Fo Da signal actively participates in the domestic LED lamp market, and its compound growth rate has exceeded 50% in the past three years. Hongli Zhihui has integrated the integrated layout of chips (crystals), packages, components and lights.

Today, Ruijie Investment will further strengthen its cooperation in automotive LED lighting by accepting 5.07% of Hongli Zhihui held by Ma Chengzhang. Harmony Haoyuan Investment or its designated related parties and Yuefeng Jinchuang's industrial investment fund have increased their holdings, representing industrial capital's optimistic about future development.


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