Alto Electronics plans to invest 10 million to establish Qianhai Subsidiary

The wholly-owned subsidiary of Alto Electronics in Qianhai Investment has now completed registration and has obtained a business license. The subsidiary will not be used as a financing platform, but it may be involved in industrial investment in the future, and it is unlikely to invest across industries.

The company announced on the evening of December 17 that the company plans to invest in the Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone to establish a wholly-owned subsidiary Shenzhen Qianhai Alto Investment Co., Ltd. with a registered capital of 10 million yuan. Qianhai Alto's business scope covers contract energy management, foreign technology investment, development, promotion and transformation of scientific and technological achievements, equipment leasing, and import and export business.

It is worth noting that the Brazil World Cup will open on June 13, 2014. As a supplier of the 2010 South Africa World Cup LED display system, the company's success in winning the bid for the World Cup in Brazil has received much attention. At the same time, Hunan Xinyasheng Technology Development Co., Ltd. has won the first LED display contract of the 2014 World Cup in Brazil through international bidding, covering an area of ​​more than 1,000 square meters.

In response, the company said that the issue involved trade secrets and was inconvenient to answer. In addition, the company completed the 2010 South Africa World Cup LED display system project, production, transportation, installation and commissioning took about four months.

According to the forecast of Guotai Junan Research Institute, the company's sales revenue in 2013-2015 was 380 million yuan, 530 million yuan, and 700 million yuan respectively; net profit was 71 million yuan, 96 million yuan, and 129 million yuan.

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