LED products were not announced in the lawsuit, Wei Wei shares said that the amount is not up to standard

Yan Wei shares (300317, SZ) once again face litigation. According to Gaogong LED, the American Lighting Science Group believes that an LED downlight invaded its patents and appealed to Weizhou Technology and Weiwei Technology (USA) Co., Ltd. on July 11 to apply for a temporary application. The ban prohibits the continued importation of infringing products into the United States and prohibits the continued sale of imported products.

On July 27, Chen Qiong, the director of Wei Wei, confirmed the news to the reporter of "Daily Economic News". As for why the company did not announce the lawsuit, Chen Qiongge said that the other party’s alleged patent infringement was not sufficient, and “the amount of products involved in the lawsuit is not large enough to meet the disclosure standards, and the company’s judgment will not have a major impact.”

This is not the first time that Weiwei has received a patent lawsuit. On June 15, 2013, Wei Wei announced that it had received the documents served by the District Court of New Jersey, USA. The plaintiff, Simon Nicholas Richmond, said that many of the products of Weiwei and its subsidiaries infringed one or more of its patents.

"This (referred to as 2013) lawsuit has a first-instance judgment in 2016, the other party was sentenced to invalidate the patent, but insisted on appeal." Chen Qiongge told reporters that "this situation is somewhat similar to 2013, we are also cooperating with other defendants. Hire a lawyer together."

"The operation of the American Lighting Science Group is not very good, and there is a certain relationship between the initiation of patent infringement lawsuits," said Zhang Xiaofei, director of the High-tech LED Industry Research Center.

Chen Qiongge said that the other party's alleged patent infringement is not sufficient, but in case the company's defense is not supported by the court, the company will seek reconciliation, change the product's process or develop similar new products.

In the LED industry, where competition is becoming increasingly hot, many companies are also throwing out transformation plans. Qiwei shares started with LED products, but photovoltaic products are gradually becoming the main force of revenue.

The results announcement released by Weiwei Co., Ltd. on July 14th shows that the company expects to profit from 121 million to 123 million yuan in the first half of 2016 and a loss of 6,551,700 yuan in the same period of 2015. The reason for the change in earnings is Jiangsu Huayuan New Energy Technology Co., Ltd. The consolidation of statements has led to a significant increase in revenue, profits, etc.

According to the reporter's understanding, in August 2015, Weiwei shares a total of 1.8 billion yuan to acquire the entire share capital of Huayuan New Energy and cut into the EPC business of the power station. According to the company's annual report, the EPC photovoltaic power station project in 2015 has a revenue of 953 million yuan in 2015, accounting for 50.10% of the revenue.

Just three months later, Weiwei shares again increased its PV business, and announced that it plans to purchase a total of 1.15 billion yuan to purchase the entire share capital of Guoyuan Power. The newly added photovoltaic power generation business realized revenue of RMB 93 million in 2015.

"The company's business currently has lighting (including LED and photovoltaic lighting), EPC photovoltaic power station engineering, photovoltaic power generation, lighting business accounted for about 30% to 35% of revenue," Chen Qiongge said.

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