Lianjian Optoelectronics invested 91.91 million yuan to expand LED outdoor digital media business

On the afternoon of this (16th) day, Lianjian Optoelectronics intends to establish a joint venture culture company with the natural person Liang Qinyu as a platform based on the wholly-owned subsidiary Shenzhen Linkage Culture Investment Co., Ltd. The registered capital of Linked Culture is 101 million yuan. Linked investment subscribed for a total of 91.91 million yuan, accounting for 91% of the joint venture culture.

The joint construction announcement stated that the main business of Linkage Culture is LED outdoor digital media, and it is planned to purchase some 10-30% of the advertising time of LED display screens in large and medium-sized cities in China from some customers of Lianjian Optoelectronics Advertising Media to create a nationwide synchronous broadcast outdoor. LED media network, sales advertising time profit. The company will use the over-raised funds of 91.91 million yuan to increase capital and linkage investment, and then the linkage investment will be invested in linkage culture.

Lianjian said that it is in line with the company's future development strategy to take advantage of the company's LED outdoor advertising media customer resources to develop into the downstream advertising media industry and achieve resource integration and business development. The project is expected to achieve an annual average sales income of 83 million yuan in the next five years, an annual average net profit of 11.05 million yuan, and an investment return rate of 10.94%, which can form a new profit growth point for Lianjian Optoelectronics in the future, with good economic benefits.

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