Targeting overseas markets, Chau Ming Technology plans to increase its capital of 1.7 million US dollars to two overseas subsidiaries.

On March 16, Zhou Ming Technology (300232) announced that in order to further expand the overseas market and enhance the company's after-sales service capabilities in overseas markets, it plans to use its own funds of 900,000 US dollars and 800,000 US dollars to its wholly-owned subsidiary Zhou Ming. Technology Florida State Limited and Chau Ming (Netherlands) Co., Ltd. increased capital.

After the completion of this capital increase, the registered capital of Chau Ming Florida increased from US$100,000 to US$1 million, and the registered capital of Chau Ming Holland increased from US$200,000 to US$1 million.

The main business scope of Zhouming Technology Florida Co., Ltd. is LED display, LED lighting, LED lighting sales; LED optoelectronic application products after-sales service and technical support; electronic products, LED optoelectronic applications, software and hardware development and sales LED display and LED lighting industry overseas investment and mergers and acquisitions.

Chau Ming (Netherlands) Co., Ltd. operates in the fields of LED display, LED lighting, LED lighting; electronic products, LED optoelectronic applications, software and hardware development and sales, as well as overseas investment and mergers and acquisitions in the LED display and LED lighting industry (specific The project will be declared separately).

Zhou Ming Technology said that this time the capital increase for Chau Ming Florida and Chau Ming Netherlands is to further expand the overseas market, establish a more comprehensive after-sales service system and sales channels, accelerate the realization of the industrial chain layout, and help to further improve the company's overseas market. Competitiveness and profitability.

According to the Zhouming Technology Performance Express, in 2016, the company achieved a total operating income of 1,745,194,600 yuan, an increase of 33.59% compared with 2015, and an operating profit of 193,958,200 yuan, an increase of 32.62% over 2015.

The main reason for the increase in total revenue and operating profit of Chau Ming Technology was that LED small-pitch display entered the industry outbreak period, sales continued to improve and overseas sales revenue continued to grow.

In the past two years, the LED industry is in the era of great changes in the pattern, and Chinese companies are constantly making overseas arrangements. The High-tech Research Institute LED Research Institute (GGII) believes that the first is the transformation of China's LED industry to a certain stage, and the synchronization period from the introduction to the go-out has arrived.

Secondly, there is a special reason for Chinese companies to go global. The global economy is in a downturn. Foreign countries need to attract investment. They need to create an employment environment so that their economies can grow better.

Finally, the competitiveness of our company has risen. Our company has the strength and capital to expand the market. It is a process of getting along.


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