Hongli Optoelectronics 170 million yuan acquisition of Smect to enhance white LED packaging capabilities

The year of mergers and acquisitions of LED lighting popularization has come one after another. Tonight (13th), the well-known white LED packaging company Hongli Optoelectronics (300219.SZ) announced that it plans to spend 170 million yuan in cash to acquire Shenzhen Smtech to strengthen its advantage.

Today, Hongli Optoelectronics signed an equity transfer agreement and a performance commitment agreement with the four shareholders of Smax, and 100% of Smtech's equity will be completed within one month from the date of signing the agreement.

Smect is a white light encapsulation enterprise for domestic LED lighting. In the future, it will expand its production capacity and increase its market share. At the same time, it will increase TV backlighting and small and medium-sized backlight application packaging products. From January to June this year, Smect's operating income was 138 million yuan, net profit was 14.209 million yuan; owner's equity attributable to the parent company was 53.434 million yuan.

Among the four original shareholders of Simai, general manager Li Jundong and deputy general manager Liu Wenjun and Zhang Mingwu transferred 55.65% (about 269.787 million yuan) of the proceeds from the transfer of equity to Hongli Optoelectronics to the regulatory account, all for The secondary market subscribed for the shares of Hongli Optoelectronics, which can be unlocked 50% respectively from the date of the issuance of the 2015 and 2016 annual audit reports.

Although Hongli Optoelectronics is the leader in domestic white LED packaging, it has not been involved in the R&D, production and sales of LED EMC stent products. If it develops itself, it will miss the market opportunity of LED lighting. Smect has established a relatively complete EMC series product line including EMC brackets, which is a rising star in the LED packaging industry.

Through this transaction, Hongli Optoelectronics not only acquired the quality assets of Smect, but also included the management team of Smtech into the listed company, which is beneficial to the long-term sustainable development of listed companies. Smect complements Hongli Optoelectronics in terms of customers and sales channels. The two parties will deepen integration in technology, market, management and finance to achieve synergy.

Hongli Optoelectronics believes that this acquisition will further expand the company's business scale and build a new profit growth point. The counterparty promised that the net profit attributable to the shareholders of the parent company after the audited deducting non-recurring gains and losses in 2014, 2015 and 2016 was not less than 28 million yuan, 32 million yuan and 35 million yuan respectively. Upon completion of this transaction, Hongli Optoelectronics' total assets, operating income, equity and net profit attributable to shareholders of the parent company will be significantly improved.

The development of direct-drive servo motors for steering wheels was mainly targeted at precision agricultural machinery. It can complete agricultural machinery operations, achieve precise positioning, improve agricultural productivity, effectively use agricultural resources, and protect the ecological environment. This is an effective way to achieve high-quality, high-yield, low-consumption, and sustainable environmentally-friendly agriculture. It can achieve fast, efficient, high-precision and automated operations on large areas of arable land. It is mainly used in multiple production links of land production, pesticide sowing, harvesting and spraying, which greatly improves production efficiency and land use.

Motor design characteristics:
adopts direct drive motor design
Waterproof and dustproof design
Integrated design of motor and servo control
Easy and fast installation
The rotor is directly coupled to the load shaft
Control performance characteristics:
AC Servo Solution Design
SVPWM vector control, fast system dynamic response
Dedicated encoder, high control accuracy and good stability
With speed control mode and position control mode

Extremely high running accuracy:
This machine adopts sine wave, vector control and high-precision magnetic encoder, with high control precision, which can ensure that the vehicle can walk within the error range of ± 2cm.
Good control line performance:
The torque of the direct drive servo motor increases in proportion to the input current and does not change with speed and angular position. The relationship between torque and current is linear. Multi-pole structure design, low motor torque ripple coefficient, stable operation, can effectively reduce the "S" curve amplitude when the vehicle is going straight
Powerful acceleration and deceleration capabilities:
The direct drive design of the servo motor enables gearless transmission. The ratio of torque to inertia on the load shaft is much better than gear transmission, which greatly improves the acceleration capability of the system, and greatly improves the ability to go online quickly in applications and the ability to correct errors under high-speed vehicle operation
Not easily deformed
The direct drive motor is mounted directly on the load shaft. No gear gap, no elastic deformation, high transmission efficiency, good rigidity, etc., suitable for steering wheel control characteristics. While ensuring high torque, it is also convenient for human emergency operation
Faster response time
The mechanical constant and electrical time constant of the direct drive servo motor are small, which ensures fast response in applications under a wide range of operating speeds, greatly improving the sensitivity of the system and improving the straight line of operation.

Automatic Steering Motor

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Jinan Keya Electron Science And Technology Co., Ltd. , https://www.keyaservo.com

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