Absen increases capital and invests in Huaoshimei to lay out display scene application services

Absen (300389) announced on the evening of January 22 that the company plans to use its own funds to pay a capital increase of 12.2 million yuan to Hua Ao Shi Mei and subscribe for a new registered capital of 1.6239 million yuan from Hua Ao Shi Mei. Subscription The price is 7.51 yuan per 1 yuan of registered capital, and the premium is 10.5761 million yuan

It is included in the capital reserve of Huaaoshimei. After the capital increase is completed, the company holds 4.98% of the shares of Huaaoshimei. At the same time, Zhang Lihai paid a capital increase of 7.4 million yuan to China AoShimei and subscribed for 984,700 yuan of new registered capital of Hua AoShiMei. The subscription price was 7.51 yuan for every 1 yuan of registered capital. The premium of 6.4153 million yuan was included in the capital reserve of Hua AoShiMei. After completing the capital increase, Zhang Lihai held 3.02% of the shares of Hua AoShiMei. After the above-mentioned capital increase is completed, the registered capital of Huaaoshimei will increase from the current 30 million yuan to 32.6086 million yuan.

Huao Vision was established in 2008. It is a large-scale comprehensive professional media company that integrates event planning, theatrical performances, advertising, exhibitions, and performance equipment rentals. It mainly provides stage visual effects solutions based on LED technology and is the leading provider of comprehensive solutions for visual creativity in China. It specializes in undertaking various domestic and foreign theatrical performances, TV variety shows, press conferences and other large-scale events.

As of December 31, 2015, Hua Ao Shi Mei’s net assets were 58.88 million yuan; in 2015, Hua Ao Shi Mei’s operating income was 52.47 million yuan and net profit was 8.71 million yuan.

Absen said that as the world's leading comprehensive solution provider for LED full-color display screens, the company is moving towards the goal of "becoming the first brand in comprehensive services for display application scenarios in the world", and the stage performing arts field is one of the company's key areas of focus. Huaoshimei and its management team have been deeply involved in the field of stage performing arts display and stage display screen rental for many years. They have rich experience in stage performing arts display design and production and stage display rental operation experience, and have accumulated a large number of high-quality customer resources such as exhibition and conference companies, TV stations, and performance service companies. By investing in and cooperating with China Ao Shimei, the company can accumulate experience in the field of stage entertainment, which will have a strong promotion effect on the implementation of the company's strategy. In 2015, China AoShimei successively purchased display screens from the company, and will continue to purchase the company's rental displays in the future. By investing in Huawei AoShiMei and cooperating with it, on the one hand, providing rental displays to Hua AoShiMei can drive the company's sales performance, and on the other hand, it may gain profits through HuaAoShiMei's entry into the capital market in the future.

Absen is a leading manufacturing and operation service company in the field of LED displays. Its main products are mid-to-high-end LED display products, which are widely used in advertising media, stage rental, sports venues and other fields. The company has developed steadily and its financial status is at the leading level in the industry. The company's products have leading advantages overseas, and overseas revenue maintains a high growth rate. Since 2015, the company has vigorously developed the domestic market again and reconstructed domestic channels. In the future, the domestic market will become an important supplement to the company's overseas business, and the company's future performance will return to the track of high growth.