Due to the lack of growth space in the original business, Depu Technology hopes to take the LED industry another way out last year. During the year, it invested 800 million yuan to acquire five LED parts production or assembly companies.
Depp believes that the LED lighting industry is in the ascendant, and the acquisition is more conducive to timely occupying business opportunities than its own research and development. So in the year before, it began to look for mature companies with advantages in technology, capacity or sales pipeline as acquisition targets.
Depp is optimistic that the company's revenue and core earnings will rise higher this year than last year. Last year, the company's overall loss was 52.41 million yuan. The core profit after the amortization of the intangible assets and the fair value of the convertible notes was 23.37 million yuan.
Depp believes that the LED lighting industry is in the ascendant, and the acquisition is more conducive to timely occupying business opportunities than its own research and development. So in the year before, it began to look for mature companies with advantages in technology, capacity or sales pipeline as acquisition targets.
Depp is optimistic that the company's revenue and core earnings will rise higher this year than last year. Last year, the company's overall loss was 52.41 million yuan. The core profit after the amortization of the intangible assets and the fair value of the convertible notes was 23.37 million yuan.
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