Xiamen Hongfa backdoor listing or finalization of joint venture income growth can be expected

* ST Liyang major asset reorganization case passed the audit by the China Securities Regulatory Commission. Xiamen Hongfa, the leading enterprise in the relay industry, will settle down on the backdoor. Lianchuang Optoelectronics can also enjoy the development achievements of another listed company. According to *ST Liyang's major asset restructuring plan, *ST Liyang set aside all the assets owned by RMB 977,230, and issued 323 million shares at a price of 7.33 yuan per share, including Xiamen Hongfa 75.01% worth 2.377 billion yuan. Equity. The difference between the placed assets and the proposed assets is 2.367 billion yuan, which is paid by *ST Liyang to the company, including the investment, the Lianfa Group and the Jiangxi Electronics Group.

Analysts believe that as the second largest shareholder of Xiamen Hongfa, Lianchuang Optoelectronics has a 24.99% stake in Xiamen Hongfa, and its investment income has grown steadily and its profit return has been huge. Although the shares held by Lianchuang Optoelectronics are not directly loaded into the listed company, they cannot directly obtain the huge return from the high premium of the stock price; but it will also benefit from the entry of Xiamen Hongfa into the fast track after listing. . In addition to enjoying the investment income of Xiamen Hongfa, it will greatly enhance the growth and stability of investment income.

Lianchuang Optoelectronics' future profit growth will no longer depend on investment income. Recently, Lianchuang Optoelectronics has upgraded the LED industry through a series of major initiatives. If it is proposed to refinance through private placement, the total amount of funds raised will not exceed 636.3 million yuan, and it will be invested in semiconductor lighting source industrialization projects, LED device industrialization projects for semiconductor lighting sources, LED epitaxial materials for power infrared monitoring systems, and industrialization of chips and devices. Project and enterprise technology R&D center construction project; set up Lianchuang energy-saving service company to carry out contract energy management (EMC) business. What is certain is that Lianchuang's future profit growth will mostly come from the growth of the LED industry, and its LED products account for 73% of the company's total revenue.