On June 1, Debon Lighting (hereinafter referred to as "the company") issued a notice saying:
Focusing on the company's development strategy, in order to seize the development opportunities of the domestic lighting market, enhance the capital strength of the subsidiaries, and promote the development and growth of the subsidiaries, the company plans to increase the registered capital of the subsidiaries to 80 million yuan. After the capital increase, the registered capital of the subsidiary is RMB 152 million, and the company's shareholding ratio is 100%.
The announcement shows that as of the end of December 2017, the subsidiary's total assets were 153.54 million yuan, net assets were 61.45 million yuan, total liabilities were 92.09 million yuan, operating income was 165.85 million yuan, and net profit was 9.02 million yuan. As of the end of March 2018, the subsidiary had total assets of 189.81 million yuan, net assets of 67.57 million yuan, total liabilities of 122.24 million yuan, operating income of 51.27 million yuan and net profit of 6.12 million yuan.
In June 2017, the subsidiary obtained the “Special Grade A Qualification for Lighting Engineering Design†certificate, and became a “Class A of Lighting Engineering Design†and a “Classic Grade of Urban and Road Lighting Engineering Contractorâ€.
Debon Lighting said:
At present, the engineering lighting business is developing rapidly and the overall market prospect is good. This capital increase is conducive to enhancing the capital strength of the subsidiaries and laying a solid foundation for the subsequent business development of urban landscape lighting, Wenchuang Lighting and even smart cities to meet the company's strategic development plan and Business development needs.
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