Can the Changfang intend to transfer part of the equity control person to continue the development momentum after the change?

The Changfang Group announced on March 21 that the company's controlling shareholder, real controllers Deng Zichang, Deng Ziquan, Deng Zihua and Deng Zixian decided to introduce partners that are in line with the company's development strategy, and proposed to sell no more than 30% of the shares to the new strategic partners. If the negotiation is successful, the controlling shareholder and actual controller of the company may change.

The announcement shows that up to now, the company has entered into substantial progress with two companies involved in the optical optoelectronics industry and the investment and asset management industry. The transaction valuation is about RMB 4 billion to RMB 50 billion, and the trading equity ratio is about 25%. 30%.

Gaogong LED consulted the Changfang Group's 2017 annual report and learned that Deng Zichang, Deng Ziquan, Deng Zihua and Deng Zixian are brothers and act as coherent actors and jointly act as the controlling shareholder and actual controller of the company, holding a total of 41.58% of the company's shares.

According to public information, Deng Zichang is the chairman of Changfang Group and director of Kang Mingsheng; Deng Ziquan is the vice chairman of Changfang Group and director of Kang Mingsheng; Deng Zihua was the director and deputy general manager of Changfang Group; Deng Zixian is the director of Kang Mingsheng.

After the completion of the equity transfer, the shareholding ratio of the long-party group held by Deng Zichang, Deng Ziquan, Deng Zihua and Deng Zixian will drop to 11.58%-16.58%, and the actual control of the Changfang Group will be subject to change.

In 2017, the overall LED industry is improving, and the market scale is further expanding. Under the wave of industrial upgrading and the continued deepening of the concentration of LED industry, the industry reshuffles, and integrated mergers and acquisitions are still the main tone of the industry development. 2017 is also a breakthrough year for the Changfang Group. Through the development of LED main business, 2017 Senior Group also achieved a turnaround.

According to the annual report, the total revenue of the Changfang Group in 2017 was 1.75 billion yuan, an increase of 9.22% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 36.238 million yuan, an increase of 157.76% over the same period of the previous year.

In 2017, Changfang Group continued to promote the development of LED field, and continued to carry out research and development, production and sales of LED application products in the field of general lighting and mobile lighting, as well as cash acquisition of minority shareholders of Kangmingsheng, and actively explored the field of off-grid lighting. In addition, the company produced All the lines have been moved to Huizhou Industrial Park. The production capacity of Huizhou Industrial Park has been effectively released. The Pingshan Industrial Park has been leased out and the benefits have increased. The company has carried out internal cost control and effectively improved cost control. The company's investment project capacity has been gradually released, and the scale effect has been significantly improved. .

However, if the future of the long-term group in the LED field can continue the development momentum in 2017 after the actual controller changes, everything is still unknown.

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