Wang Donglei: the integration of LED, BDO NVC channels and industry chain

Following the end of the NVC board of directors has recovered the NVC headquarters in Chongqing and Wanzhou production base, NVC, the company chairman Wang Donglei announced today, will integrate the two companies and BDO NVC LED channels and related industrial chain, play the depth of cooperation synergy. Wang Donglei said, with the NVC storm in the past, involved in the listing of NVC and the two companies will soon resume elec-tech.

Wang Donglei said, the purpose of which is to acquire the BDO NVC downstream integration of complementary advantages, BDO has LED advanced technology, will promote the rapid transformation of the NVC to LED, BDO NVC channels will also use bigger and stronger.

Wang Donglei said, the year 2013, BDO NVC sold only 6% chip purchases, in the future, at least 90% of the chip NVC will come from BDO; next year, NVC LED products accounted for total sales will increase to about 40%.

According to NVC's 2013 annual report, this year, companies in the LED lighting products revenue reached 741 million yuan, accounting for 19.6% of total revenue. Company LED business growth in 2013 reached 197.4%. Company LED products gross profit of 16.4%.

Affected by the turmoil in August to October, lighting products sales season, NVC factory shutdown of large, the loss is still unable to estimate. As a major shareholder of NVC Elec-Tech influence in lighting products sales budget, "lighting products are 8 hundred million of sales, BDO sure not achieve this year, now is 4, 5 hundred million, three months is the peak season, the gross margin is relatively high. "Wang Donglei said, with the board of directors of the NVC will take full control, integration and complementary effect between the two companies appeared to be the most incisive next year. This year will be restored and focus on the influence of NVC storm, planning next year. For the company, is a short-term negative, long-term positive".

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