·Dongxu Optoelectronics acquired the Shenlong bus dust settled
Dongxu Optoelectronics announced on the morning of October 23 that the company's application for the issuance of assets and the collection of matching funds to Shanghai Huisheng Enterprise Management Co., Ltd., etc. was approved by the CSRC. At this point, the Dongxu acquisition of the Shenlong bus project, which has received much attention from the market, is expected to close in the year. Dongxu Optoelectronics Co., Ltd. is a high-end display material supplier. Its glass substrate production capacity ranks first in China and fourth in the world. With the accumulation of high-end equipment manufacturing for many years, Dongxu intends to enter the new energy vehicle field by acquiring Shanghai famous bus company Shenlong Bus.  According to the progress of the project, Dongxu Optoelectronics will begin the follow-up implementation of this issue of shares and payment of cash to purchase assets and raise matching funds. At the end of the year, Shenlong Bus will be incorporated into the financial statements of listed companies. Chen Dacheng, chairman of Shenlong Bus, told reporters that the company's performance in 2017 achieved rapid and high growth. Up to now, the company's product orders have exceeded 6,000 vehicles, of which new energy buses accounted for more than two-thirds, the market expanded to first- and second-tier cities, and mass sales in the northern market such as Qiqihar. From October to December, Shenlong Bus will speed up the market development and sprint better performance, and strive to enter the top five domestic new energy bus sales. Shenlong Bus is the top ten comprehensive passenger car manufacturer in China. In 2016, its operating income was 2.12 billion yuan, and the national top passenger car sales ranked among the top ten. The company's products have entered the markets of South Korea, Southeast Asia, the Middle East, South America and Africa in batches, accounting for 80%-90% of Thailand's purchase of Chinese buses. Since the second half of 2017, Shenlong Bus has accelerated its layout in the field of new energy vehicles, with a total investment of 2.955 billion yuan to build a new energy vehicle production base in Nanning, Guangxi. The base has an annual output of 10,000 new energy buses and 30,000 new energy logistics. Car capacity. It is estimated that after the completion of production, the annual sales income will be 8.991 billion yuan and the net profit will be 985 million yuan. Some market participants commented that "in the overall environment of the decline of electric bus industry this year, the substantial growth of Shenlong passenger car production and sales has brought positive energy to the entire industry." According to media comments, Shenlong Bus’s operating revenue is expected to exceed 4 billion this year, based on the current 6,000 sales orders. The substantial increase in performance is mainly due to its adherence to R&D plans and rhythms, not to be greedy for subsidies, and East The backing and pressure resistance of the acquisition of Xu Optoelectronics. Chen Dacheng said that Shenlong Bus will strive to improve its sales network, product architecture and process management in the future, and continue to develop the market. With the implementation of the double-point policy, Shenlong will have more confidence in its future growth and hope to become the backbone of Dongxu Optoelectronics' performance growth. According to estimates, Dongxu Optoelectronics achieved revenue of 6.901 billion yuan in 2016 and revenue of 4.641 billion yuan in the first half of 2017. In 2017, Shenlong Bus will carry 4 billion “revenue gift†to join the company, making Dongxu directly enter the 10 billion revenue of listed companies. Taking advantage of the high-quality assets of Shenlong Bus, Dongxu Optoelectronics can be said to be a strong entry into the new energy automobile industry and become another industry wind vane. Exquisite Diamond Finish: Our Diamond Car Wraps feature an extraordinary diamond-textured finish that sets your vehicle apart. The intricate patterns and dazzling sparkle create an aura of opulence that's bound to turn heads wherever you go. Diamond Vinyl Wrap,Diamond Glitter Car Wrap,Diamond Wrap For Car,Diamond Wrap Vinyl Guangdong HANTAI Decoration Material CO., LTD , https://www.ldcvinyl.com
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