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Zhouming Technology has purchased two lighting companies to deepen the landscape lighting layout
Recently, Zhouming Technology has been making waves in the industry. The company’s recent announcements of acquiring stakes in both Hangzhou Bainian and Tsinghua Conley have caught everyone's attention. These acquisitions, made within a day of each other starting from August 15th, have significantly bolstered Zhouming’s presence in the urban landscape lighting sector.
According to the details provided, Zhouming Technology is set to invest approximately $12 million to secure a 20.10% stake in Hangzhou Bainian. Additionally, Zhouming Times Bole, an investment fund, will contribute $14 million for a 22.99% stake. Following the equity transfer, there will be a capital increase where Zhouming will inject $7 million, while the controlling shareholder of Hangzhou Bainian will add $4 million. Post-capital increase, Zhouming will hold 26.68% of the shares, with Zhouming Times Bole holding 19.42%.
Hangzhou Bainian specializes in signage and landscape lighting, projecting steady earnings growth. For the fiscal years 2017 to 2019, they are committed to achieving net profits of no less than $3 million, $4.5 million, and $6 million, respectively, after excluding one-time gains or losses. Their expertise in signage aligns well with Zhouming’s existing display business, opening up new avenues for growth. Furthermore, their strong foothold in rail transit complements Zhouming’s current focus on government, military, and security sectors, driving further expansion and market penetration.
The synergy between Hangzhou Bainian and Tsinghua Conley is another significant advantage. While Hangzhou Bainian focuses on architectural and mountain landscape lighting projects like the Shanghai Tower and Huangshan Lighting, Tsinghua Conley brings its own portfolio of lighting projects. Together, they form a comprehensive business matrix in landscape lighting.
Internally, Zhouming continues to demonstrate impressive growth. LED small-pitch displays have seen a remarkable surge, with sales in the first half of the year rising over 90%. This upward trajectory is expected to continue over the next few years, driven by the ongoing replacement of DLP technology, expanding use cases, and channel development. The market potential remains vast, offering multiple growth opportunities ahead.
In summary, these strategic moves highlight Zhouming Technology’s commitment to strengthening its position in urban lighting solutions while fostering internal innovation and growth.