Lianchuang Optoelectronics has taken another important step in optimizing the industrial layout and promoting the transformation and upgrading of existing industries. On June 23, Jiangxi Lianchuang Optoelectronics announced that it plans to jointly invest with Shanghai Juyi Technology Partnership to establish “Shanghai Lianhao Microelectronics Technology Corporation†with a registered capital of RMB 300 million, of which Lianchuang Optoelectronics contributed RMB 15,300. Ten thousand yuan, the shareholding ratio is 51%; Juyi Technology invested a total of 147 million yuan in intellectual property and currency, with a shareholding ratio of 49%. It is reported that Lianchuang Optoelectronics' main business includes the production and sales of optoelectronic components, relays, communication cables, information system equipment and computers. Shanghai Juyi Technology is also committed to research and development in the fields of microelectronics, optoelectronics and smart technology. The joint venture company, Lianhe Microelectronics Technology Co., Ltd. combines the strengths of both, to design and develop special and general-purpose chips for high-end automotive electronics, Internet of things, artificial intelligence, smart phones, smart home appliances, industrial, military and space systems. Sales, intended to become an important part of the development of the two companies. Lianchuang Optoelectronics said that in 2018, it is necessary not only to consolidate the LED packaging and lighting industry, but also to further promote the research and development of military semiconductor discrete devices and wire and cable technology. Shanghai Juyi Technology has high-performance analog, digital-analog hybrid and SoC chip design and other related technologies, experience, market information and resources, and has unique technology in some products, which greatly meets the technical requirements of Lianchuang Optoelectronics. It is worth noting that in this joint venture, Shanghai Juyi Technology will invest 30% of its intellectual property rights, which will bring a lot of knowledge flow to the new company and even Lianchuang Optoelectronics, and better strengthen the R&D strength and promote the development. Lianchuang Optoelectronics' industrial transformation and product expansion will foster new profit growth points. Throughout the development process of Lianchuang Optoelectronics in the past two years, it is not difficult to see that the company regards M&A and investment as an important means of transformation and upgrading. In 2016, Lianchuang Optoelectronics plans to acquire a 65% stake in Hann Internet with a price of 468 million yuan and pay 10 million yuan of sincerity in advance. Although the final merger failed, it did not prevent Lianchuang from taking a step on this road. In 2017, Lianchuang Optoelectronics relied on its existing production factors, technical conditions and market channels of Nanchang Branch, and with its net assets, Jiangxi Lianchuang Nanfen Technology Co., Ltd. was established. In Lianchuang Optoelectronics' 2018 business plan, the company once again stressed the need to "integrate industrial capital, actively seek investment and merger opportunities in strategic emerging industries and military industries, and promote the company's extended benign development." The joint venture company, entering the field of integrated IC is an important step in the transformation, upgrading and extension of Lianchuang Optoelectronics. Not only does it bring more industrial opportunities to Lianchuang Optoelectronics, but it also shows the company's determination to promote the upgrading and transformation of existing product business and accelerate the elimination and withdrawal of existing backward industrial products. In 2017, under the overall situation of stable domestic economy and stable development, Lianchuang Optoelectronics adhered to the "three-in-one" main development strategy, adhered to the "profit-centered" business philosophy, and adopted profit-raising, cost-reducing and benchmarking management. Such management measures, encourage innovation drive, enhance market competitiveness, and strive to create a healthy enterprise, the company's overall business shows a better situation. In 2018, Lianchuang Optoelectronics will continue to deepen the "Trinity" theme strategy and vigorously promote the company to achieve high quality development.
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