National Industry Foshan Lighting actively seeks new energy strategic transformation

Foshan Lighting was released after a long period of “freezing”. Yesterday, the announcement was made again: In addition to the possible trading of the trading partners in the sensitive period, the foreign shareholders did not report the insider trading verification, the company itself did not have any insider trading behavior, and yesterday’s trading resumed with the daily limit. .

No matter how the news media is doing nothing, no matter how the regulators deliberately suppress, the fundamentals of Foshan Lighting determine that the company is a one-stop, even if it does not daily limit, it will continue to rise every day.

Foshan Lighting is a rare high-quality company. The total amount and proportion of cash dividends listed in the Shanghai and Shenzhen stock markets are among the best in the Shanghai and Shenzhen stock markets. However, after being controlled by foreign Osram, not only did it not transfer technology to support Foshan Lighting from traditional lighting to LED lighting, but instead seized the market and forced Foshan Lighting to go nowhere. Under this circumstance, Foshan Lighting Management has made a great effort to transform itself into new energy.

Because Foshan Lighting is not a small disruption in new energy, but a strategic transformation; it is not a piecemeal, but a complete industrial chain.

We should clearly and undoubtedly recognize that the new strategic industry as a national policy has already triggered a century-old market comparable to the Internet market. Those enterprises with a monopoly or technological monopoly of scarce resources in the new economy will surely become the shining star of the century market. The fundamental changes in Foshan's lighting are enough to show that Foshan Lighting has the potential of a star-studded star in the century:

1. Patent monopoly

Foshan Lighting Co., Ltd. announced on September 11, 2009 that it cooperated with the holder of the patented technology of lithium halide to establish a “Qinghai Fozha Lithium Energy Company” (referred to as “Qinghai Buddha Photo” and Foshan Lighting holds 38% of its shares). On July 15, 2010, the registered capital of the company was RMB 100 million.

The project adopts the international patent of Huaou Technical Consulting and Planning Company (patent technology name: the method of obtaining lithium chloride from salt liquid and the equipment for implementing this method, patent number: ZL01823738.X), the process technology is mature and reliable, and the refined technology The product has been tested by the national authoritative department "China National Inorganic Salt Quality Supervision and Inspection Center", and the lithium carbonate content is as high as 99.3%, exceeding the national 98% of the specified indicators, reaching the international leading level.

The project operated continuously for 168 hours from September 3, 2010 to September 10, 2010. It was confirmed by all parties to the cooperation that all the indicators of the project met the requirements of signing the technical agreement and the display was a complete success.

2. Resource monopoly

Foshan Lighting cooperates with the Salt Lake Group, the owner of the brine water resources, with the patented technology and funds owned by “Qinghai Buddha Photo”, which directly has a monopoly advantage in lithium battery materials.

Foshan Lighting Company announced on July 15, 2010: In view of Qinghai Salt Lake Group and its wholly-owned subsidiary “Salt Lake Technology Company”, it has rich lithium salt resources in Chaerhan Salt Lake and existing lithium carbonate production equipment of Lanke Lithium Company. "Qinghai Buddha Photo" has the world's most advanced patented technology and production experience of lithium brine extraction technology; and signed a cooperation agreement to achieve mutual complementarity. Specifically: “Qinghai Buddha Photo” was transferred to the equity of “Lanke Lithium Industry”, a subsidiary of the original “Salt Lake Technology Company”. The acquired equity was: “Salt Lake Technology Company” held “Lanke Lithium Industry” 50 % equity, “Qinghai Fozhao” holds 30% equity of “Lanke Lithium Industry”, and Beijing Chemical Industry Metallurgical Research Institute of Nuclear Industry holds 20% equity of “Lanke Lithium Industry”.

“Lanke Lithium Industry” Overview: Registered capital of RMB 185 million, registered address “Germu City, Qinghai Province”; legal representative “Zhang Shengshun” (also deputy general manager of Qinghai Salt Lake Industry Group); main business is the development of salt lake brine lithium resources .

3. Production of lithium batteries

On July 15, 2010, Foshan Lighting announced that it had officially acquired a 20% stake in Hefei Guoxuan Hi-Tech Co., Ltd. for RMB 160 million, and directly obtained the more mature technical resources and market resources accumulated over the years, avoiding the company starting from scratch. A large amount of scientific research and unknown risks, quickly cut into the lithium battery application market.

4. Production of cathode materials

Foshan Lighting announced on August 18, 2010: Together with the three companies, the company established “Qinghai Foshao Lithium Battery Positive Materials Company” (Foshan Lighting accounted for 51% of the total share capital) with a registered capital of RMB 50 million.

Because of its high safety, long cycle life, non-toxic and non-polluting, lithium batteries are the real green energy and the best choice for electric vehicles. Key materials for the production of lithium batteries include positive grade materials derived from lithium iron phosphate. Foshan Lighting Construction cathode material production enterprises can greatly increase the added value of the industrial chain, and provide raw material security for the downstream lithium battery production and enhance the ability to control the industrial chain.

The company announced on September 10, 2010 that it signed a project investment agreement with the Management Committee of Nanchuan Industrial Park of Xining Economic Development Zone on September 8. The project to determine the annual output of 2,000 tons of lithium battery cathode materials was settled in Nanchuan Industrial Park, Xining Economic Development Zone. In accordance with the relevant requirements of the project company to start the annual production of 500 tons of cathode materials, the management committee will provide the project company with a standardized workshop with an area of ​​10,000 square meters at the end of December 2010 (finally based on the actual plant area). At the same time, the management committee provided the project company with 100 acres of industrial land of “seven connections and one leveling” (which is ultimately based on the actual area). The land transfer price was 60,000 yuan/mu, and was paid according to the land transfer agreement signed with the management committee. Land transfer fee. The standard company provided by the project company to the management committee shall be repurchased within three years from the date of signing the lease or repurchase agreement. In the first year, the management committee will provide rent reduction for the plant used by the project company. In the second year, the management committee will charge the factory rent according to 50% of the rent price of the similar factory. In the third year, the project company will pay according to the actual price of the construction plant of the management committee. Repurchase the production plant used. Effectively accelerate the project construction process and shorten the payback period. Reduce the initial start-up capital requirements of the project and reduce project risks.

5. Through cooperation with Taiwan Bixiang

In cooperation with Taiwan Bixiang, the introduction of advanced technology has solved the patent licensing problem of “lithium iron phosphate” and avoided the risk of patents after the project became bigger. Foshan Lighting Announcement on August 19, 2010: Signed a cooperation intention with Bixiang Industrial Co., Ltd. to determine the related industries and technologies of electric vehicles, lithium batteries, lithium iron phosphate cathode materials, electronic control systems, battery management systems, etc. Cooperate and form a strategic alliance, and the two sides share technology and market resources.

Taiwan Bixiang Company has obtained the authorization to sell the world sales of lithium phosphate lithium battery products from Phostech, Canada, and the license for the production and sales of lithium iron phosphate raw materials from Hydro-Quebec of Canada, and has the patent for lithium iron phosphate battery pack. In 2007, it successfully developed environmentally friendly batteries with no pollution, no explosion, no fire, long cycle life, and high current charge and discharge. It can be widely used in electric vehicles, UPS, electric hand tools, wind power systems, etc. At the Paris Motor Show in October 2008, Bixiang launched an all-electric vehicle with its global battery technology. In 2009, it launched an electric light locomotive to create a new industry for Taiwan.

The main content of cooperation between Foshan Lighting and Taiwan Bixiang Company:

(1) Foshan Lighting and Bixiang Company will jointly invest in the establishment of lithium iron phosphate cathode materials with other investors. The first phase of design and production scale is 2,000 tons/year, and the final production scale is 10,000 tons/year. 100 million yuan;

(2) Foshan Lighting and Bixiang Company will jointly invest in the establishment of lithium-ion battery production enterprises in conjunction with other investors. The first phase of design and production scale is 100 million ampere-hours/year, and the final production scale is 30,000 ampere-hours/year. The total investment is expected to be about 250 million yuan;

(3) Foshan Lighting and Bixiang will cooperate in battery management system and electric vehicle electronic control system solutions and establish a pure electric vehicle production base in Foshan together with other investors. It plans to complete production of 20 vehicles this year. Used for demonstration lines, reaching 300 vehicles/year capacity in 2011 and 2000 vehicles/year capacity in 2012;

(4) In principle, Foshan Lighting's share of the above three projects is above 51%;

(5) Bixiang Company shall contribute capital intangible assets such as patent technology and technology concessions held by it, and the proportion of intangible assets shall not be less than 15% of the total investment.

6, the production of pure electric city bus

The pure electric city bus jointly developed with Dongchang and Feichi uses the lithium-powered battery provided by Bingxiang and is driven by the international advanced DC permanent magnet brushless torque machine, which has safety and advanced technology. Now entering the vehicle installation phase, it is expected that dynamic joint debugging will be entered soon to test its overall performance.

It can be seen from the above that Foshan Lighting has formed a complete industrial chain from the extraction of lithium carbonate, the production of lithium battery materials and lithium batteries, and the production of new energy pure electric vehicles; and acquired relevant patent technologies and upstream monopoly resources.

The above projects are in line with the national low-carbon environmental protection industrial policy, and have also received strong support from Foshan City and the Guangdong Provincial Government. Through the integration of the entire industry chain, the risk of market competition that individual projects may face is greatly reduced, and the market competitiveness of end products is greatly improved.

Risks that Foshan Lighting may face:

1. Market capacity risk: The application market of lithium-powered batteries is still in the cultivation stage, and it is impossible to accurately predict the commercialization maturity cycle and target market capacity.

2. Technical risk: The technical resources of the company's “lithium” project mainly come from the outside. If the external technology partner terminates cooperation for various reasons, the company “lithium” project will be at risk.

3. Management risk: The company's “lithium” project belongs to the emerging high-tech industry, with strong professionalism and technicalism. The professional ability and rich experience of outstanding talents are valuable assets for the company's sustainable development and growth. After the formation of the new energy industry chain, the demand for technology, production, and management talents will increase greatly. Whether a competent team can be formed can still be answered by facts.

The success of Foshan's lighting transformation will be the victory and pride of the national industry.

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