Qixi Holdings plans to invest 10 million yuan to establish a photonics company

On the evening of June 3, Qixi Holdings (002027) Co., Ltd. announced that it plans to jointly invest 10 million yuan with the natural person Sun Debing to establish Guangzhou Qixi Photoelectric Co., Ltd. After the establishment of the new company, it will be mainly engaged in LED lighting and related products.

Guangzhou Qixi Photoelectric Co., Ltd. has a registered capital of RMB 10 million. Among them, Qixi Holdings Co., Ltd. (hereinafter referred to as “Qixi Holdings”) plans to invest 5.1 million yuan with its own funds, with a capital contribution ratio of 51%; natural person Sun Debing plans to invest 4.9 million yuan in currency. Yuan Renminbi, the capital contribution ratio is 49%.

According to the company, the investment in the establishment of Guangzhou Qixi Photoelectric Co., Ltd. is mainly in response to market demand, responding to the call for national energy conservation and emission reduction, corresponding to the market development of LED lighting and related products, thereby expanding the company's business scope.

The company also said that the application of LED products is more and more extensive, but the main products of the newly established subsidiaries do not involve LED core technology. The company faces fierce market competition and challenges in product upgrading. The company will draw on the experience familiar with the characteristics of the electronics industry and pay attention to avoiding operational risks.

Qixi Holdings is mainly engaged in computer complete machines and peripheral equipment, mobile communication products, software development and other services. However, due to the loss of competitive advantage in the main business in recent years, the company actively carries out diversified operations.

However, Qixi Holdings has never been involved in LED or related industries. According to public information, Sun Debing, the natural person of the joint venture, was the former manager of the company's procurement center and resigned in 2007. The motives of the two parties are unclear, and the company only hopes to get involved in LED applications rather than developing core technologies, which will not have a significant positive impact on the company's profitability.

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