This year, Vogel photoelectric is also a frequent action, as of June 2021, Vogel photoelectric through the acquisition of part of the equity of Huichen Electronics, Beijing Bao'ang, Xing for part of the equity of the electronic company, making it the company's controlling subsidiaries, so that the company in the optoelectronic display industry has a high-end optical film materials such as raw materials agents and die-cutting products, Precision integrated circuit R & D and design and backlight, touch module lamination and other capabilities, initially realized a certain degree of industry chain integration.
Acquisition of Huichen Electronics, to encode Mini LED backlight application market--
April 19, 2021, Vogel Optoelectronics announced that it intends to use 26.97 million yuan to acquire Shenzhen Huichen Electronics Company Limited (hereinafter referred to as "Shenzhen Huichen Electronics Company Limited") (hereinafter referred to as "Shenzhen Huichen Electronics Company Limited"), a company owned by Henan Xuding Enterprise Management Partnership (limited partnership). (hereinafter referred to as "Huichen Electronics") 31% of the equity, to increase the Mini LED backlight application market. Announcement shows that the Vogel photoelectric originally held 20% of the equity of Huichen Electronics, plus the acquisition of 31% of the equity, Vogel photoelectric will *** total 51% of the equity of Huichen Electronics, the latter has become its controlling subsidiary.
Photo credit: Vogel Photoelectric announcement
Hui Chen Electronics is mainly engaged in the LED backlight business, and its products are mainly used in smart wearable, tablet PCs and other consumer electronics, as well as automotive, industrial control, medical instrumentation and equipment, etc. In 2020, the company realized revenues of 144 million yuan, with a net profit of 2.52 million yuan.
Hui Chen Electronics has a fully automatic light guide plate injection molding production workshop, mold design and manufacturing workshop. In addition to regular backlight assembly, it has an independent light guide plate injection molding workshop and mold workshop, with automatic placement machine, automatic film assembly line, and introduced the industry's advanced automated and semi-automated production equipment and optical testing instruments.
At present, Huichen Electronic LCD backlight module products have been supplied to BOE Precision, Xinli and other customers. After this acquisition, Vogel Optoelectronics will support in terms of manpower and capital to further expand the market share in the field of automotive backlighting.
April 28, Vogel photoelectric announcement, said the acquisition of Shenzhen Huichen Electronics Co.
Vogel acquires Beijing Bao'ang, perfecting high-gain type optical film types--
On May 8, Vogel Optoelectronics announced that the company intends to use 204 million yuan in cash to acquire Henan Jing'ang Enterprise Management Partnership (limited partnership) held by Beijing Bao'ang Electronics Co. (hereinafter referred to as "Beijing Bao'ang") 51% of the equity, after the completion of the acquisition, Beijing Bao'ang will become the company's controlling subsidiary, the performance of this transaction commitment 2021, 2022, 2023, the audited net profit after extraordinary gains and losses of not less than 25 million yuan, respectively, 40 million yuan, 50, 000 million yuan. 5 million yuan.
Picture source: Vogel Optoelectronics announcement
Vogel Optoelectronics said Beijing Bao'ang and its subsidiaries supply of optoelectronic display devices and high gain optical film products and its optoelectronic finishing and optical device products involved in the optoelectronic display industry industry chain area with the upstream of the main materials or components, the transaction will be conducive to the company and the Beijing Bao'ang in the technological research and development, production, upstream and downstream channels and other aspects to achieve synergies. The transaction is conducive to the realization of synergies between the Company and Beijing Bao'ang in terms of technology research and development, production links, upstream and downstream channels.
The acquisition involves optoelectronic display devices and high-gain optical film products, which are necessary raw materials and components for the production of LCD and OLED display devices. Beijing Bao'ang and its subsidiaries have achieved a good market competitive position in the optoelectronic display industry, and under the impetus of the sustained growth of the scale of the global display industry, there exists a greater market demand for optoelectronic display devices and special adhesive material products. Market demand, this transaction is based on the company to improve the layout of optoelectronics and optical devices industry chain, to further expand the company in the field of optoelectronic display raw materials important initiatives.
July 23, Vogel photoelectric release announcement, said Beijing Bao'ang Electronics Co. 51% equity delivery completed.
Acquisition of 60% stake in Xingwei Electronics, extending the industrial chain--
July 16, 2021, Vogel Photoelectric announced that it intends to make a cash contribution of 25 million yuan to subscribe to the new registered capital of 6.6 million yuan of Dongguan Xingwei Electronic Technology Co. (hereinafter referred to as "Xing for electronic") new registered capital of 6.25 million yuan (i.e., 20% of the equity after the capital increase of Xing for science and technology), and 50 million yuan in cash to acquire Shenyang small Xing enterprise management partnership (limited partnership), Zhuhai City, small Xing investment consulting partnership (limited partnership) held after the capital increase of 40% of the equity of Xing for electronic. After the completion of this transaction, the company will hold 60% of the equity interests in Xingwei Electronics, Xingwei Electronics will become a controlling subsidiary within the scope of the company's consolidated statements.
Xing for science and technology in the photoelectric display industry industry chain in the middle, its products are mainly for the photoelectric display touch screen and membrane switch, the product application field is mainly for the car display products, security display, industrial control, smart home, medical equipment, military products, financial equipment, commercial display, household appliances, etc., which the car display products is the main application scene. Xingwei technology industry-leading technology, has a high level of technology, and has obtained a number of invention and utility model patents.
September 16, Vogel photoelectric announcement, said the acquisition of Dongguan City, Xing for the completion of the delivery of the shares of Electronic Technology Co.
In addition, in November this year, the fifth batch of national industrial design center list was released, Jiangxi Vogel photoelectric Co.
With the thickness of less than 30μm UTG mass production conditions, Mini LED backlight products have been partially produced
At present, Vogel Optoelectronics has overcome the technical difficulties of Mini LED glass substrate, basically solved the effective combination of CU coating and substrate, as well as the problem of antioxidant protection of the CI film layer, and realized the ability of the huge amount of micrometer-level through-hole, thus crossing into the glass substrate blue ocean market.
At present, Mini LED glass substrate is mainly used for Mini LED direct display and Mini LED backlight products market, which, for Mini LED backlight products, the company has developed 1152 partition 15.6 inch samples, 75 inches 2046 partition Mini LED glass-based backlight products of the whole machine debugging, and has begun to cooperate with the large-scale panels and end customers to carry out Mini LED backlight products. Manufacturers Mini LED backlight products for the development of cooperation, some customers have begun to small batch production;
For MiniLED direct display products, the company has synchronized with some customers for the development of Mini LED direct display products; the company's controlling subsidiary, Shenzhen Brilliance in Dongguan, Songshan Lake, Dongguan Brilliance registered to set up wholly owned subsidiaries, and invested in the construction of a solid crystal Pilot line for pull-through glass substrate Mini LED products, at present, the pilot line has been installed and debugging completed, has completed the first batch of product samples, will directly enter the mass production stage.
In the folding cell phone cover, the research and development of folding cell phone cover, cover thickness less than 0.025mm, suitable for ultra-thin flexible display UTG project. At present, Vogel Optoelectronics has broken through the UTG etching technology difficulties, has been able to manufacture products with a thickness of less than 30μm, and has the conditions for mass production. As of the end of June 2021, the UTG project is in the sampling stage with relevant customers.
In terms of AG, AR, AF high-end cover, Vogel Optronics is one of the few domestic manufacturers with AG, AR, AF three technology overlays at the same time. In the first half of this year regarding AG, there are customers formally introduced into mass production, and plans to fully cooperate in the car OGS and sensor.
The first three quarters of 2021 revenue of nearly 700 million, up 56% year-on-year
According to the third quarterly report of Vogel Optoelectronics 2021, Vogel Optoelectronics first three quarters of the revenue to achieve 678 million yuan, a year-on-year increase of 55.6%; attributable to shareholders of the listed company's net profit of -6,704,700 yuan, a year-on-year decline of 145.01%. The third quarter revenue realized 276 million yuan, an increase of 66.11% year-on-year; net profit attributable to shareholders of listed companies realized -9.1608 million yuan, down 255.82% year-on-year.
Vogel Optoelectronics said that the third quarter of 2021 revenue increased due to the current year's acquisition of subsidiaries to increase the operating income of the reporting period, the decline in net profit is due to the company is currently in the stage of transformation of the productization of the new products have not yet achieved the benefits of scale, the comprehensive gross margin decreased and the increase in the period of expenses.