Can the mainland subsidiaries spend 5 million yuan to get involved in the LED lighting industry

On June 27th, the company announced that its subsidiary Kunshan Noble Precision Electronics will invest in Kunshan Energy Optoelectronics with its own capital of 5 million yuan. The company said that the company will set up factories in the Mainland to produce, process and sell all kinds of lighting and parts, goods and technology import and export business.

Benefiting from the better operation of the thermal industry, the Kunshan plant will turn from a loss to a profit in the first quarter of this year, contributing to the parent company's investment income of NT$8.76 million, which is the first time to restore profitability after Q2 2009.

As Taiwan's LED industry is still in a downturn, the Taiwanese parent company's operating profit in the first quarter is still showing losses, but the loss has narrowed compared with the same period last year. After the first quarter of the tax, the small loss of NT$3 million was improved, compared with a loss of more than RMB 30 million in the same period last year. The company's Q2 will still strive to achieve a goal of profit or small profit.

The company said that the company is optimistic about the future development of the LED lighting industry and wants to enter the mainland market. The initial investment of RMB 5 million will be used to set up factories, purchase equipment and related operating expenses.

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