Wanrun Technology is deeply engaged in the main business of landscape lighting, and Jufei Optoelectronics powers Mini LED products

We usually walk on the road, and we will find that every LED screen or picture is unpredictable. This shows that the LED light can perform high-speed switching work. However, for the incandescent lamps we usually use, such a working state cannot be achieved. In daily life, if the number of switches is too many, it will directly cause the filament of the incandescent lamp to break. This is also an important reason for the popularity of LED lights. Recently, Jufei Optoelectronics and Wanrun Technology held investor relations activities respectively, and carried out a new round of sorting out the current situation and future of the company. Like many packaging factories, Jufei Optoelectronics began to gradually develop Display products such as Mini LED, while Wanrun Technology continued to dig deep into the main business of landscape lighting in order to seek new breakthroughs.

Wanrun Technology

Also holding an investor event on the same day was Wanrun Technology. The company explained and introduced Wanrun Technology’s shareholder changes, mergers and acquisitions and future development strategies. The receptionist said that Hubei State-owned Assets Supervision and Administration Commission, the new controlling shareholder of Wanrun Technology, gave the company a lot of support in terms of capital and business. As of the end of the third quarter of 2019, Wanrun Technology had borrowed 775 million yuan from Hongtai Group, and the actual loan balance was 550 million yuan. According to the strategic plan of Wanrun Technology, the company has now established a wholly-owned subsidiary in Hubei to develop municipal lighting and landscape lighting business centered on the Hubei market and radiating to surrounding areas.

In 2018, Wanrun Technology provided a goodwill impairment of over 900 million yuan, which also attracted investors’ attention to its merger and acquisition risks. The receptionist explained that Wanrun Technology will pay close attention to the completion of the performance of each subsidiary, and will conduct a goodwill impairment test every year. For subsidiaries with performance betting, the company will also take other incentives to maintain the stability of the original team, so as to ensure the smooth progress of the merger and acquisition of subsidiaries. Regarding the future development of Wanrun Technology, the receptionist said that the company will still maintain the “LED + media” dual main business model, in which the LED business will be positioned in the middle and high-end, continue to extend the industrial chain downwards, and achieve new breakthroughs in landscape lighting projects.

Jufei Optoelectronics

On November 6, 2019, Jufei Optoelectronics launched an investor research activity. Yu Fang, secretary of the company’s board of directors, received 19 investment institutions and conducted detailed discussions on the company’s business development. According to the receptionist, Jufei Optoelectronics has been deeply involved in the LED industry, relying on backlight and lighting LEDs to expand new businesses such as display, automotive LED, and Mini/Micro LED. As far as the lighting and backlight LED business is concerned, the company is making steady progress, especially in overseas markets. At present, the company’s backlight and lighting LED devices have been exported to South Korea, Japan, Europe and Southeast Asia.

Regarding the current hot small-pitch market, the receptionist said that Jufei Optoelectronics has made relatively smooth progress in this field, especially in transparent screens, and its products are mainly used in conference rooms, classrooms, cinemas and other places. In addition, the company is vigorously expanding Mini LED products and is currently in the stage of sending samples in small batches. Jufei Optoelectronics once said that the company attaches great importance to the Mini LED business and will actively make corresponding technical reserves. The receptionist concluded that today, small-pitch display screens have become a strategic new business of Jufei Optoelectronics, and the company will speed up production expansion and increase profit margins according to market demand.

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