Minbang Optoelectronics jointly established a lighting technology company

Tianyancha App shows that Shenzhen Civil Explosion Lighting Technology Co., Ltd. was recently established. The legal representative is Xie Zuhua and the registered capital is 15 million yuan. The business scope includes sales of lighting appliances; manufacturing of lighting appliances; industrial engineering design services; research and development of household appliances; manufacturing of other electronic devices; manufacturing of optical communication equipment; manufacturing of optoelectronic devices; sales of optoelectronic devices, etc.

Equity information shows that Minbao Optoelectronics and other companies jointly hold shares in the company, of which Minbao Optoelectronics holds 70%.

According to the data, Minbang Optoelectronics’ main business covers two major business segments: commercial lighting and industrial lighting. It also expands into special lighting fields such as plant lighting, emergency lighting, beauty lighting and explosion-proof lighting. Among them, the parent company Minbang Optoelectronics specializes in the commercial lighting business, and the subsidiary Aigeste specializes in the industrial lighting business.

In August this year, in order to highlight its main business and optimize its asset structure, Minbao Optoelectronics planned to transfer 85.1064% of its holding subsidiary Shanghai Hanpai Lighting Technology Co., Ltd. to Lai Chunli. Shanghai Hanpai is committed to providing integrated lighting solutions for smart homes and other space environments. Its products include ceiling spotlights, grille spotlights, track lights and light curtain products.

In terms of performance, in the first three quarters of 2024, Minbo Optoelectronics achieved total operating income of 1.231 billion yuan, a year-on-year increase of 8.10%; net profit attributable to the parent company was 187 million yuan, a year-on-year increase of 0.48%. Among them, operating income in the third quarter was 414 million yuan, a year-on-year increase of 6.38%; net profit attributable to the parent company was 59.7 million yuan.

In terms of the capital market, Minbang Optoelectronics officially landed on the Shenzhen Stock Exchange in August last year and successfully raised 1.1 billion yuan. The funds will be used for the automated expansion of LED lighting fixtures, the construction of headquarters buildings and R&D centers, and the supplement of working capital and other projects.