Fangda Group invested 100 million yuan to set up a new energy company to expand LED and other technologies

On June 24, Fangda Group (000055) announced that the company had invested 100 million yuan to establish Shenzhen Fangda New Energy Co., Ltd. with its own funds to develop new energy-saving technologies such as solar photovoltaic applications, photovoltaic building integration and LED industry. technology.

The announcement shows that the company invested in the establishment of Shenzhen Fangda New Energy Co., Ltd. in order to continue to maintain the existing energy-saving curtain wall and materials, rail transit equipment industry advantages, adapt to the development direction of energy-saving industries, and promote the development of emerging new energy-saving technology industry, which is conducive to Further optimizing and adjusting the company's industrial structure, enhancing the added value of the company's products, increasing market competition, and improving the company's profitability will help promote the company's sustainable and rapid development.

Fangda Group said that the company has been engaged in research and development, production and installation of energy-saving curtain wall and supporting materials. These businesses have high correlation and compatibility with solar photovoltaic application industry. The accumulated experience of building curtain wall and electromechanical equipment integration accumulated over 20 years. It has laid a good foundation for the development of solar photovoltaic applications and LED applications.

In 2013, Fangda Group achieved revenue of approximately 1.748 billion yuan and net profit of 85.767 million yuan. In the first quarter of 2014, revenue was 356 million yuan, and the net profit attributable to shareholders of listed companies was 11.48 million yuan.

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