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Jingsheng Electromechanical (300316) announced on the evening of September 6 that the company signed a strategic cooperation agreement with Hikvision (002415). The two parties will be in intelligent warehousing and industrial robots, industrial drones, AOI testing equipment and industrial cameras, intelligent logistics. Comprehensive cooperation in business, R&D, and project management in areas such as the Smart IoT Factory.
According to the strategic agreement, Hikvision promises to give priority to supporting the expansion of “Smart Manufacturing, Intelligent Chemical Factory” in the LED and photovoltaic fields. The company plans to use Haikang robots, machine vision systems and corresponding Software system.
The framework agreement was implemented by Hangzhou Zhongwei Optoelectronics and Hangzhou Haikang Robot, the respective holding subsidiaries of the two parties.
According to the data of the semi-annual report, Jingsheng Electromechanical Co., Ltd. realized operating income of 420 million yuan in the first half of 2016, a year-on-year increase of 77.9%; net profit of returning home was 75.307 million yuan, up 65.4% year-on-year, and net profit after deduction was 64.432 million yuan, a year-on-year increase. 45.5%.
In terms of specific business, LED intelligent equipment achieved revenue of 40.767 million yuan in the first half of the year, an increase of 100.00% over the same period of the previous year. According to the report, Foshan Guoxing Optoelectronics Co., Ltd. became one of the top five customers of the company with the merger of the subsidiaries (G20-LED Lighting Summit member companies) into the consolidated statements.
As of June 30, 2016, the company's LED intelligent equipment has not been completed in the contract: the total contract value of the shipment is 7,014,400 yuan, the part of the contract of delivery is 17,775,800 yuan, and the contract amount of the delivery date is not yet 24,051,100 yuan. The total amount of uncompleted contracts was 489.103 million yuan.
On April 9, 2015, Jingsheng Electromechanical Co., Ltd. announced that it plans to acquire a 51% stake in Hangzhou Zhongwei Optoelectronic Technology Co., Ltd. with a total of RMB138 million in super-raised funds. Based on the original main business, Jingsheng Electromechanical has cut into the high-end equipment industry in the LED lighting market and strengthened the layout of intelligent equipment.
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