On the evening of July 18th, Alto Electronics issued an announcement titled "Notice of Winning Bid for the Lighting Project by Shenzhen Qianbaihui Lighting Engineering Co., Ltd.," a wholly-owned subsidiary. This statement confirmed that Shenzhen Alto Electronics Co., Ltd. (referred to hereafter as "the Company" or "Alto Electronics") and its wholly-owned subsidiary, Shenzhen Qianbaihui Lighting Engineering Co., Ltd. ("Qianbaihui"), had been awarded the "Notice of Winning Bid" for the V section of the "Building Landscape Lighting Improvement Project along Zhongshan Road" in Ningbo.
The notice clearly states that Qianbaihui is the successful bidder for this particular section of the project. The total contract value amounts to RMB 62.687 million, representing 13.76% of the company's audited operating revenue of 457 million yuan in 2016, and a significant 40.13% of the annual audited operating revenue of 157 million yuan.
Alto Electronics expressed optimism regarding the signing of the contract and the subsequent execution of the project. They anticipate a positive impact on the company's operational performance for the year 2017. Furthermore, this achievement is expected to strengthen Qianbaihui's position within the industry and further advance Alto Electronics' strategic focus on smart lighting solutions.
In recent years, companies specializing in lighting engineering have been increasingly drawn to the capital markets. These businesses either opt for independent listings or seek acquisition by publicly traded firms to engage more deeply with the financial world, often listing on the New Third Board. This trend reflects a desire to leverage additional capital resources.
In 2016, Alto Electronics underwent a major asset reorganization, acquiring Shenzhen Qianbaihui Lighting Engineering Co., Ltd. for RMB 300 million. This acquisition provides substantial support for expanding Alto Electronics' LED application products into urban landscape lighting and stadium renovation markets. By doing so, the company aims to swiftly penetrate the smart lighting engineering sector, thereby boosting the scale of its LED application and sports-related businesses.
Qianbaihui boasts extensive experience and established channels in urban landscape lighting projects, including construction, design, and related fields. The company holds prestigious qualifications such as the "Urban and Road Lighting Project Qualification," "Grade A Special Lighting Design Qualification," "Professional Contracting Qualification for Building Electrical and Mechanical Installation Engineering at Level Three," and "Professional Contracting Qualification for Electronic and Intelligent Engineering at Level Two."
Over the years, Qianbaihui has successfully executed numerous high-profile urban landscape lighting projects like Wanda Plaza and Theme Parks, Shenzhen Nanshan Central District, Wuhan Hanxiu Theater, Beijing Lucheng Athlete Training Center, and Beijing Xiannongtan Tennis Hall. Recent data indicates that during the first quarter of this year, Qianbaihui has already secured contracts totaling 258 million yuan.
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As the global market continues to evolve, companies like Alto Electronics and Qianbaihui remain committed to innovation and excellence in lighting solutions, driving growth while maintaining their competitive edge in the ever-changing landscape of modern technology and infrastructure development.
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