Starlight Co., Ltd. takes frequent actions and actively explores the layout of new businesses.

Recently, the official website of Tianyancha showed that Guangdong Zhongneng Lighting Technology Co., Ltd. was established. The legal representative is Chen Wenji, the registered capital is 5 million yuan, and it is indirectly wholly-owned by Xingguang Co., Ltd.

Data show that Zhongneng Lighting’s business scope includes: solar power generation technical services; manufacturing of photovoltaic equipment and components; sales of photovoltaic equipment and components; manufacturing of power transmission, distribution and control equipment; sales of intelligent power transmission, distribution and control equipment; manufacturing of lighting equipment; sales of lighting equipment; manufacturing of semiconductor lighting devices; sales of semiconductor lighting devices; manufacturing of power facilities and equipment; sales of power facilities and equipment, etc.

Starlight Co., Ltd. actively explores the layout of new businesses

Xingguang Shares, formerly known as Sherlite, was established in 1992 and listed on the SME sector of the Shenzhen Stock Exchange in 2006. Since 2015, transformation and investment failures have led to twists and turns in the development of Starlight Shares. Due to long-term poor performance, the company was issued a "delisting risk warning (*ST)" by the Shenzhen Stock Exchange in 2022, and creditors applied for reorganization.

At the end of 2022, Sherrett's reorganization plan was completed and began to achieve revenue and net profit growth, and the company's net assets turned from negative to positive. In April 2023, Sherlett successfully removed the *ST logo and officially changed its name to Starlight Shares.

With the completion of the change of corporate name, Starlight Co., Ltd. has also begun a new development path and seeks new development opportunities.

Currently, the main business of Xingguang Co., Ltd. is the research and development, production and sales of LED lighting, UV sterilization, automotive lighting, and lithium battery production equipment.

In order to seek new business growth points, Starlight Co., Ltd. continues to invest in and acquire companies. In the past 2023, Starlight Shares invested 30 million Yuan established Guangdong Starlight Energy Development Co., Ltd. to carry out investment, development, operation and maintenance services for distributed photovoltaic power station projects, and completed the company's first phase of solar photovoltaic power generation project construction during the reporting period.

In addition, in 2023, Starlight Co., Ltd. also established Starlight Smart City and Quanzhou Starlight Hongjia Technology. Its business scope includes: Internet of Things technology research and development: navigation, surveying, meteorology and ocean special instrument manufacturing; semiconductor lighting device manufacturing and sales, etc.

In March this year, Starlight Shares signed an "Acquisition Intention Agreement" with Wang Ruixiang, the controlling shareholder of Ruifeng Technology, to promote the rapid development of cultural and tourism commercial lighting, stage lighting, urban lighting engineering and other businesses. In April this year, Starlight Co., Ltd. made further investment, using its own funds of 35.39 million yuan to increase the capital of Ruifeng Culture, a subsidiary of Ruifeng Technology.

In May this year, Starlight Co., Ltd. acquired Tianxin Quantum for a total of 8 million yuan. After the acquisition is completed, Tianxin Quantum will become a subsidiary of Starlight Co., Ltd. It is reported that Tianxin Quantum is a technology company that provides information security and quantum computing technology services. In recent years, it has focused on quantum confidentiality. Communication and AI information security, data security, cloud security technology and product development, providing security products, security services, and security integrated solutions to customers in government, education, energy, finance and other fields.

Summary

Previously, Starlight Co., Ltd. stated that the company has established a business strategy of "strengthening the main business and technological innovation" in 2024. It will explore new business opportunities, develop new productivity and enhance future development space by continuously enhancing the advantages of the main business and empowering technological innovation drivers.

At present, Starlight Co., Ltd. has rapidly explored and developed its layout in the fields of photovoltaics, Internet of Things, meteorological and marine special instruments, cultural and tourism commercial lighting, stage lighting, information security and other fields. Whether these new businesses can drive Starlight shares to new development in the future still requires further observation. (Text: LEDinside Irving)

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