On September 3, the “BRIC†event was held in Xiamen, and the Xiamen International Convention and Exhibition Center and Convention Center Hotel, International Conference Center and Conference Center Hotel, Shanghai, which was wholly owned by Alto Electronics (stock code: 002587) The design and construction of night lighting for several key projects in Xiamen, such as the Bengbu District Project, contributed to the BRICS Conference.
The conference, the International Convention and Exhibition Center and the International Conference Center are the key venues. Qianbaihui designed two modes for the night illumination of the International Convention and Exhibition Center and the Convention and Exhibition Center: during the Golden Brick Conference, it was golden. After the night lighting, a gold ingot was placed on a stack of gold bricks. In normal times, it was 3000K. The specific color temperature was based on the building. The façade material has been experimentally determined and the overall effect has been achieved.
According to the company's announcement, Alto Electronics acquired a 100% stake in Qianbaihui at a consideration of RMB 300 million in 2016. After the completion of the acquisition, Qianbaihui became a wholly-owned subsidiary of Alto Electronics.
It is understood that Qianbaihui is a well-known integrated solution provider for the lighting engineering industry in China. It is mainly engaged in the construction and design of landscape lighting projects, the overall planning and design of landscape lighting projects, and the development, production and sales of lighting products. It has the first-class construction qualification of city and road lighting engineering and the qualification of Grade A lighting design. It is a professional lighting engineering enterprise integrating lighting product development, production, lighting engineering design, construction and service.
The company said that Alto Electronics itself has undertaken a number of global top event LED display system projects, such as the 2014 Brazil World Cup, the 2015 FIBA-Asia Championship, the 2015 China Football Association Cup final and the 2015 Shenzhen International Marathon, 2016 Europe Cup, 2016 China Football Association Super Cup and 2017 Russia Federation Cup and other projects. Through these major global projects, the company has established a high-end and professional global brand. The subsidiary Qianbaihui can undertake key projects in Xiamen and serve the BRICS meeting. It also represents the company's strong strength. The company will continue to put the quality of products and services in the first place and serve customers all over the world.
Previously, the company released the 2017 semi-annual report. During the reporting period, the company achieved operating income of 445 million yuan, an increase of 148.53%; realized operating profit of 58.88 million yuan, an increase of 94.39%; realized net profit attributable to shareholders of listed companies of 61.08 million yuan , an increase of 123.39%. The main reason for the year-on-year increase in performance was the consolidated income of Qianbaihui in the current period, and the increase in operating income of the company.
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