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On September 19, Hongli Zhihui announced that its wholly-owned subsidiary, Dongguan Liangyou Hardware Products Co., Ltd. ("Liangyou Hardware"), plans to expand its production capacity for LED brackets and precision components. This initiative aims to better support the LED packaging production base of Jiangxi Hongli Photoelectric Co., Ltd. ("Jiangxi Hongli"). To achieve this, Liangyou Hardware has set a total investment plan of no more than 100 million yuan, with funding sourced entirely from internal resources. The project will be located in the Nanchang Linkong Economic Zone Management Committee Park.
In order to effectively implement the project, Liangyou Hardware intends to establish a wholly-owned subsidiary in Nanchang City, tentatively named "Nanchang Liangyou Hardware Products Co., Ltd." (the official name will be determined after industrial and commercial registration). This new entity, referred to as the "project company," will serve as the operational platform for future investments and business development.
Liangyou Hardware was founded in 2007 and primarily engages in 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 same areas of electronic components and precision mold manufacturing.
Hongli stated that this investment will significantly enhance Liangyou Hardware's production capabilities, positioning it as a leading manufacturer of LED brackets and a top-tier producer of precision components in China. By strengthening the supply chain support for Jiangxi Hongli’s LED packaging operations, the company expects to improve its overall profitability and solidify its competitive advantage in the industry.
This strategic move reflects Hongli Zhihui’s long-term vision to consolidate its position in the global LED market while ensuring sustainable growth through vertical integration and enhanced operational efficiency.