The massive expansion of Qinshang Optoelectronics in the field of education has led to speculation that it may gradually abandon its original LED business. However, Qin Shaoan, the director of Qinshang Optoelectronics, said in an interview with the author that it is possible to gradually divest LED assets in the future, but there is no implementation plan for this matter.
Qinshang Optoelectronics shot again, and the education map was next to the city.
On November 9, Qinshang Optoelectronics announced that it signed the "Framework Agreement on Asset Transfer" with He Zhijian and Liu Dongming, and proposed to initially purchase Liuzhou Xiaohonghe Education Investment Consulting Co., Ltd. (hereinafter referred to as Little Red Riding Hood Education) held by the other party. At 80% equity.
Qinshang Optoelectronics is a domestic LED listed company, but its revenue has shrunk since 2014, and it has broken through in the form of outsourcing. So far, Qinshang Optoelectronics has announced the acquisition of an education company three times.
The massive expansion in the field of education has led to speculation that Qinshang Optoelectronics may gradually abandon its original LED business. However, Qin Shaoan, the director of Qinshang Optoelectronics, said in an interview with the reporter of "Daily Economic News" that it is possible to gradually divest LED assets in the future, but there is no implementation plan for this matter.
Frequent acquisition of education companies
Qinshang Optoelectronics said in the announcement that the acquired assets include the Little Red Hat Education Equity held by the seller and the actual control or ownership of the kindergarten by the seller – including but not limited to the contribution, management and operating rights of approximately 75 directly operated kindergartens. , 33 management and operation rights of custody and franchise kindergartens, and assets owned or leased by kindergartens.
According to a research report by Guangzhen Hengsheng, Little Red Riding Hood Kindergarten is positioned in the middle and high end. It is currently the chain kindergarten with the largest number of direct branches in the country, and the school area covers the whole country. After entering the body, it will continue to expand and replicate in the country until 2019. There will be more than 170 kindergartens.
In fact, the expansion of Qinshang Optoelectronics in the field of education has been leaping forward. It has announced three times in the year that it wants to acquire educational companies. On August 19 this year, Qinshang Optoelectronics announced that the acquisition of Longwen Education Assets had been completed; on October 13, Qinshang Optoelectronics announced that it intends to use capital increase and equity transfer to spend no more than 80 million yuan to obtain 40% of British education. Equity, and indirectly holds a 40% stake in Shenzhen International Academy of Sciences, which is 100% owned by British Education. Among them, Longwen Education focuses on K12 (kindergar tenthrough twelfth grade, generally refers to kindergarten to 12th grade) one-on-one counseling; Shenzhen International Academy of Sciences focuses on international education from the age of 3 to 18 years old. The acquisition of Little Red Riding Hood Education means that the board of directors of Qinshang Optoelectronics Education has improved and expanded to kindergarten.
In addition to mergers and acquisitions, Qinshang Optoelectronics itself is also setting up an education company. On October 11, Qinshang Optoelectronics announced that it had invested 100 million yuan in its own funds to set up a wholly-owned subsidiary, Qinshang Education Investment Co., Ltd. In the announcement, Qinshang Optoelectronics said that the purpose of setting up a subsidiary is to promote the implementation of the company's strategic development planning goals, promote the company's extended development, help improve the company's profitability, and accelerate the company's business layout and expansion in the field of education.
It is possible to sell LED asset business in the future
What worries the outside world is that the education business and the original LED business of Qinshang Optoelectronics are a kind of relationship that “the gossip can't be beatenâ€, and the synergy of its dual main business has been doubtful.
The Qinshang Optoelectronics Annual Report shows that its revenue has declined for two consecutive years since 2014. In 2015, it was only 850 million yuan, down 30% from the 1.141 billion yuan in 2013.
Zhang Xiaofei, director of the high-tech online LED industry research center, said in an interview that as a traditional lighting company, Qinshang Optoelectronics once had an advantage in street lighting renovation and had received a large number of orders. Now, with the maturity of technology and price decline in the field of street lighting, Qinshang Optoelectronics no longer has the advantage of its early years. In the ordinary indoor lighting business, Qinshang Optoelectronics lacks the most basic channels and cannot with the tradition of Op. Lighting companies compete. Therefore, for Qinshang Optoelectronics, the lighting business is not the best development direction.
The outside world is also speculating that perhaps Qinshang Optoelectronics will gradually give up its original LED business. Hu Shaoan, an executive director of Qinshang Optoelectronics, said in an interview that it is possible to gradually strip off LED assets in the future, but the matter is not currently implemented.
Shenzhen Chaoran Technology Corp. , https://www.chaoran-remote.com