In the past few days of February 2018, several LED-listed companies were busy as the Lunar New Year approached. Samsung Electronics announced plans to purchase LED chips from Sanan Subsidiary, while Lehman Co., Ltd. signed a massive $589 million supply contract. Dehao Runda’s subsidiary received government subsidies, and Hongli Zhihui planned to repurchase shares worth between 50 million and 100 million yuan. These developments highlight the dynamic nature of the LED industry during this period.
Samsung Electronics has entered into a prepayment agreement with Xiamen Sanan, a wholly-owned subsidiary of Sanan Optoelectronics. The deal involves a $16.83 million advance payment in exchange for the production of LED chips. Xiamen Sanan will supply the required quantity based on the agreement, offering a discount to offset the prepayment. If Samsung's monthly orders exceed the agreed limit, both parties will negotiate expansion terms in advance.
Lehman Co., Ltd. recently signed a supply contract with CC (2018) MEDIA LIMITED, valued at approximately $93.6 million or RMB588.6 million. This contract covers research, development, manufacturing, and delivery of LED display products. According to the company, this contract represents about 105% of its 2016 revenue, signaling strong international recognition and market confidence in its capabilities.
Dehao Runda’s subsidiary, Sanken Semiconductor Co., Ltd., received a government subsidy of 125 million yuan. As of early February 2018, part of the funds had already been disbursed, with the remainder expected to follow. The company plans to announce the full receipt once it is finalized.
Hongli Zhihui announced plans to repurchase its own shares, with a total fund range of between 50 million and 100 million yuan. The repurchase price per share will not exceed 14 yuan, which is higher than its current stock price of 10.39 yuan, indicating a strategic move to boost investor confidence.
Jinda Lighting, a subsidiary of Liard Group, officially renamed itself to "Liard Lighting Co., Ltd." This change aligns with the group’s broader strategy and reflects the company’s growth and integration within the lighting sector. Since acquiring Jinda Lighting in 2013, Liard has seen significant growth, achieving a compound annual growth rate of over 60% in operating income and nearly 120% in net profit.
The rebranding marks a new chapter for the company, positioning it as a key player in the lighting industry under the "Happy City" strategic plan. It also signifies the group’s commitment to expanding its presence in urban lighting and smart city initiatives.
These updates reflect the ongoing evolution and strategic moves within the LED sector, showing how companies are adapting to market demands and leveraging partnerships for growth. Whether through supply contracts, government support, share buybacks, or brand transformations, these actions demonstrate the industry’s resilience and forward-looking approach.
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