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On September 19, Hongli Zhihui announced that its wholly-owned subsidiary, Dongguan Liangyou Hardware Products Co., Ltd. (referred to as “Liangyou Hardwareâ€), is set to expand its production capacity for LED brackets and precision components. This move aims to better support the LED packaging production base of Jiangxi Hongli Photoelectric Co., Ltd. (referred to as “Jiangxi Hongliâ€) by providing essential raw materials. To achieve this, Liangyou Hardware plans to invest no more than 100 million yuan in the Nanchang Linkong Economic Zone Management Committee Park, using self-raised funds.
In order to implement this project, Liangyou Hardware will establish a new wholly-owned subsidiary in Nanchang City, tentatively named “Nanchang Liangyou Hardware Products Co., Ltd.†(the final name will be determined based on industrial and commercial registration). This new entity, referred to as the “project company,†will serve as the main platform for future investment and operational activities.
Liangyou Hardware was founded in 2007 and has since focused on the research, development, production, and sales of electronic products, accessories, and precision molds. The project company will have a similar business scope, focusing on the development, manufacturing, and distribution of electronic components and precision molds.
Hongli Zhihui emphasized that this investment will significantly enhance the production scale of Liangyou Hardware’s LED bracket and precision component lines. The goal is to position Liangyou Hardware as a leading manufacturer of LED brackets in China and a top-tier producer of precision components. By strengthening its supply chain capabilities, the company aims to provide more reliable and efficient support to Jiangxi Hongli’s LED packaging operations, thereby improving overall profitability and reinforcing its competitive edge in the market.
This strategic expansion reflects Hongli Zhihui’s long-term vision to consolidate its position in the LED industry and drive sustainable growth through innovation and vertical integration.