Yesterday evening, NVC Lighting announced that on June 2, 2017, the company entered into a subscription agreement with the subscribers. The company issued 368 million shares to the subscribers at HK$08 per share, representing 11.46% of the issued share capital and has been enlarged since the issue. The share capital is 10.28%. The subscription price of HK$0.8 per share is a discount of 8.05% to the closing price of HK$0.87 on June 2. Subscribers include Caisheng Co., Ltd., Lead Investment Limited, Ye Yong, Feng Chun and Zou Xiaoyang. The gross proceeds from the Subscription were approximately HK$295 million. It is intended to use the net proceeds for general corporate purposes, business development and working capital requirements. According to the announcement, Caisheng Co., Ltd. is a company incorporated in Hong Kong with limited liability, mainly engaged in marketing services, international trade and investment business. Lead Investment Limited is a limited liability company incorporated in the Cayman Islands and is principally engaged in investment business. Mr. Ye Yong is a Sichuan distributor of the company and has more than 10 years of industry experience in the lighting industry. Mr. Feng has more than 10 years of industry experience in the lighting industry and has a diversified company engaged in lighting design, infrastructure construction, e-commerce and channel operations. Ms. Zou Xiaoyang has extensive management experience in the lighting industry. NVC Lighting, which experienced the equity dispute, began to gradually recover its strength last year. As of December 31, 2016, NVC Lighting's revenue decreased by 1% year-on-year to RMB 3.806 billion; net profit increased by 170.7% year-on-year to RMB 151 million. This is due to the significant increase in the performance of NVC Lighting for two consecutive years since the removal of Wu Changjiang, the main founder and former chairman. The announcement said that the profit growth was mainly due to the increase in gross profit margin. However, the profit performance is still far from the peak period of NVC lighting. In 2011, the performance of NVC Lighting reached its peak, with a revenue of 3.798 billion yuan, a net profit of 548 million yuan, and a gross profit margin of 25.6%. LED lighting has become the main booster for NVC lighting recovery. In the 2016 LED Industry Research Institute LED Research Institute released LED lighting listed company revenue ranking report ranked third in the country, LED lighting last year's revenue is second only to Op lighting and sunlight lighting. In 2016, NVC Lighting's LED lighting products achieved sales revenue of 2.697 billion yuan, an increase of 21.3% over the same period. Sales of lighting products increased slightly by 2.2%, mainly due to the sales growth of the Group's home lighting products; sales of light source products decreased by 9.5%, mainly due to the impact of the decline in the volume and price of traditional light source products; lighting electrical products increased slightly, mainly during the reporting year. LED lighting and electrical products accounted for an increase in sales and exchange rate fluctuations. During the reporting year, the gross profit achieved was RMB 1.021 billion, an increase of 13.3% compared with the same period, and the gross profit margin of sales rose from 23.4% to 26.8%. For each product segment, the gross profit margin of lighting products increased from 25.9% to 30.9%, mainly due to the comprehensive cost reduction measures implemented by the Group during the reporting year, including strengthening inventory management, implementing automation reform and streamlining organizational structure. The overall cost is effectively controlled. The gross profit margin of light source products dropped from 18.1% to 16.2%, mainly due to the unsatisfactory capacity of traditional light source products and higher price concessions for customers to stabilize customers, resulting in a decline in gross profit margin. The gross profit margin of lighting appliances increased from 19.1% to 23.3%, which was mainly attributable to the comprehensive cost reduction measures implemented by the Group and the favorable factors that the export products benefited from the continued appreciation of the US dollar. As the actual controller of NVC Lighting, another listed company of Wang Donglei, Dehao Runda, is still in the main loss stage of its main business. In 2016, Dehao Runda achieved an operating income of 2.136 billion yuan in LED business, a slight decrease of 1.87% compared with the same period of last year. The main reason is that the LED industry has recovered somewhat, but the pattern of fierce competition in the industry is still continuing, resulting in a slight decline in the overall sales of LED business. . Excluding the sale of 100% equity of Hong Kong Dehao Optoelectronics Co., Ltd., the company brought about 195 million yuan of revenue. During the reporting period, the company achieved a loss of operating income of 126 million yuan, an increase of 81.13% over the same period last year. The differentiated division of labor between DHL Runda and NVC has been raised as early as Wang Donglei became the largest shareholder of NVC in December 2012. However, the synergy between the two sides has not been effectively played. During the reporting period, the LED industry showed a certain degree of warming, but the fierce competition in the LED industry continued. The overall sales of the LED business of Dehao Runda was basically the same as last year. On March 30th, Dehao Runda issued a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to March 2017 to be 70 million to 90 million yuan, a year-on-year change of -1.55% to 21.02%. However, the dispute over the equity of Dehao Runda has not been satisfactorily resolved due to the successful auction in the first half of the year. The 100 million restricted shares held by Wu Changjiang were taken on March 16 this year for the two companies under Chow Tai Fook at a reserve price of 741 million yuan. Due to the complicated procedures, they have not been transferred for more than two months. At that time, Dehao Runda's restricted shares were sold at a price of 5.7 yuan per share, while Dehao Runda's latest share price was 4.48 yuan per share. Chow Tai Fook's proposed 130 million shares of Dehao Runda had a book loss of 158.6 million yuan. Insiders pointed out that Chow Tai Fook will passively become a long-term investor of Dehao Runda. On April 28 this year, the first quarterly report released by Dehao Runda showed that Wu Changjiang sued Dehao Runda and NVC Lighting in Huicheng District, Huizhou City, Guangdong Province in August 2016, and added NVC Inc. as the first Three people. Wu Changjiang said that he and the relevant defendants signed the "Cooperation Agreement" in 2012. The "Cooperation Agreement" mainly promoted the initial intention of the company's overall strategic cooperation and planning with NVC. Wu Changjiang now advocates that the contract is invalid. At the same time, the plaintiff requested the defendant to compensate for the loss of loan interest of 5.8 million yuan due to the invalidity of the aforementioned agreement and to bear the litigation costs of the case. The Huicheng District Court of Huizhou City, Guangdong Province accepted the case in August 2016, and Dehao Runda had objected to the jurisdiction of the case in September 2016. Street Lighting Poles,Street Lamp Post,Street Light Post,Street Lamp Pole Jiangsu Baojuhe Science and Technology Co.,Ltd. , https://www.galvanizedsteelpole.com