On August 31, 2017, Langxing Lighting made a significant announcement regarding its plans to acquire a 100% stake in Xiamen Feideli Lighting Technology Co., Ltd. (referred to hereafter as "Feideli Lighting") for a total of RMB 12.25 million. This acquisition is not considered a related-party transaction but qualifies as a major asset restructuring for Langxing Lighting. Langxing Lighting, established on May 21, 2008, joined the New Third Board on August 22, 2014. As a manufacturer within the electrical machinery and equipment manufacturing industry, it specializes in LED application products, particularly focusing on LED engineering lamps and advanced packaging technologies. Their products are known for their functional and structural innovation, offering a competitive cost-performance ratio. According to recent reports, Langxing Lighting saw a notable increase in its operating revenue during the first half of 2017, reaching RMB 47,749,300—an improvement of RMB 16,603,800 compared to the same period the previous year, representing a 50.96% growth. However, the company's profit stood at RMB 1,106,900, marking a slight decline of RMB 99,400 (-8.90%) from the previous year’såŒæœŸprofits. Langxing Lighting attributed this revenue surge primarily to their breakthroughs in LED outdoor lighting, particularly the successful market reception of their Star Series street lamps, which secured several large orders. Feideli Lighting, on the other hand, has consistently focused on developing core solid-state lighting technologies. Their R&D team comprises over ten experienced teams of LED professionals with more than a decade of industry expertise. Their mission involves researching materials and commercializing lighting applications to create high-reliability LED integrated light sources and fixtures. As someone who follows the LED industry closely, I find this acquisition particularly interesting. Both companies bring unique strengths to the table, with Langxing Lighting’s established presence in the market and Feideli Lighting’s cutting-edge technological expertise. This deal could potentially reshape the competitive landscape within the LED sector. Let’s keep an eye on how this merger unfolds and what new innovations might come out of it.
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