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Reinforce the high growth performance commitment cornerstone <br> <br> data show that in Connaught communications major product categories including mobile communication terminals, wired communications terminal, and the design and development of software. The company has established a customer service system that suits the characteristics of the company's operations, and can quickly respond to customer needs and ensure on-time delivery. At present, major customers include Huawei, Lenovo, Xun Rui, Zhiyuan and other leading intelligent electronic manufacturers in China. In 2013, the company achieved a net profit of 29.22 million yuan, and a profit of 7.124 million yuan in the first quarter of this year. This shows that the performance of Zhongnuo Communication has accelerated.
According to IDC's latest data, in the second quarter of this year, Huawei's largest customer, Huawei's smartphone shipments, increased from 10.4 million in the same period last year to 20.3 million; in the same period, its market share increased from 4.3% to 6.9. %. The sharp increase in shipments of Huawei's smartphones will naturally drive the production demand of Zhongnuo Communication, thus giving Zhongnuo Communication more optimistic expectations. Zhongnuo Communication promises to deduct the consolidated statements in 2014, 2015 and 2016. The net profit is not less than 80 million yuan, 100 million yuan and 120 million yuan respectively, which means that its performance this year will increase by 1.7 times on the basis of last year. The net profit of Furi Electronics in 2013 and the first three quarters of 2014 was 76.296 million yuan and 51.921 million yuan respectively. This data comparison means that the asset acquisition will rapidly increase the company's immediate results, thus consolidating the company. The cornerstone of sustained high growth.
Epitaxial growth of open space acquisition <br> <br> In fact, the acquisition of Connaught Communications just an important part of the company's extensive expansion strategy. In the energy-saving and emission-reduction industry with LED as the core, the company acquired 51% equity of Blueprint Energy in 2012 and officially entered the field of industrial energy conservation. In 2013, it acquired a 51% stake in the friendly company and entered the field of green building. At the same time, the company completed the acquisition of 92.80% of Mairui Optoelectronics and 20% of the shares of Cross-Strait Lighting last year, which expanded the scale of the LED industry and improved the company's LED industry chain.
Announced on October 25, 2014, the company intends to acquire 51% equity of Shenzhen Yuanlei Technology with a total price of 19.85 million yuan by transferring part of the equity and increasing capital, thereby overweighting the LED optoelectronic industry. Yuanlei Technology focuses on the field of LED lighting packaging. The more distinctive products are LED filaments, which are mainly used in high-end places such as crystal chandeliers, candle lamps and wall lamps. Data show that from January to June 2014, Yuanlei Technology realized operating income of 105 million yuan and net profit of 14.3 million yuan. The three natural person shareholders of Yuanlei Technology promised that the target company's net profit attributable to the parent company in 2014, 2015 and 2016 (excluding non-recurring gains and losses) shall not be less than 29 million yuan, 34 million yuan and 40 million yuan respectively, totaling 10300. Ten thousand yuan, if not reached, will be compensated for performance.
In the field of smart home appliances and communication products, the company acquired 51% equity of Meiyu New Technology (Shenzhen) Co., Ltd. at the end of September 2012, and changed its name to Furi Beauty, and vigorously developed the mobile communication industry. Last year, the company developed a Furi smartphone based on the Samsung Exynos platform. The implementation of the Zhongnuo communication M&A process has completed the company's layout of the mobile phone manufacturing business chain.
It can be seen that in recent years, through mergers and acquisitions, restructuring and industrial optimization, the company has successfully transformed from traditional TV manufacturers and established three main businesses, namely energy saving and emission reduction, home appliance communication and domestic and foreign supply chain. Focus on the development of energy-saving and emission-reducing enterprises such as LED energy conservation, industrial energy conservation and building energy conservation, and gradually build the company into a well-known Canon low-carbon environmental protection enterprise.
The establishment of the company's business layout is expected to drive the company into a high growth cycle. This is not only reflected in the performance commitment data of the company's acquisition of the underlying assets, but also in the future growth of the underlying assets acquired by the company. Taking Zhongnuo Communication as an example, Huawei, the company's largest customer, achieved a historic breakthrough in the field of smart terminals. In 2013, Huawei shipped 52 million smartphones, ranking first in the world in terms of market share, second only to Samsung. And Apple, it is estimated that in 2014, smartphone shipments will exceed 80 million.
With the rapid development of 4G LTE in the world, especially the Chinese market will lead the rapid growth of global LTE in the next few years, Huawei's intelligent terminals will continue to maintain rapid growth. At the same time, China Communications also maintains close cooperation with major domestic communication terminal equipment brands such as Lenovo, and expands high-quality and stable customer groups through overseas markets. The existing overseas customer groups are mainly distributed in India, Malaysia, Singapore, the Philippines and In places like Bangladesh, such as India's famous brand Intex (domestic ranking 4th) and VDC (domestic ranking 6th).
The company leverages its extensive experience in developing customers to expand the mobile phone operating market in developed countries such as France while consolidating emerging market groups such as India. Such information means that 2014 will be the first year of growth for Furi Electronics' continued high growth cycle. 
Furi Electronics announced that it has been "accepted by the 70th working meeting of the China Securities Regulatory Commission's listed company mergers and acquisitions review committee in 2014, and the company's issuance of shares to purchase assets and related transactions has been unconditionally passed," which means that the company will issue additional shares in the acquisition of Zhongnuo. The 100% equity of the newsletter will be settled, which will kick off the company's high growth.