Zhouming Technology plans to set up a wholly-owned subsidiary in the US for US$1 million
Zhou Ming Technology (300232) announced on the afternoon of December 20 that the company's board of directors has used its own funds to invest US$1 million to set up a wholly-owned subsidiary in the United States to develop the US LED application market and is known as a company and internationally. LED channel business exchange and cooperation platform.
The announcement said that the establishment of a US subsidiary, the marketing channel forward, can obtain timely information on the US domestic market, more convenient to expand local customers, and effectively increase the company's US market orders.
Chau Ming Technology expects sales in the US market to grow at an average annual rate of around 30% in the next 3-5 years. At the same time, through localization services, we can quickly respond to customer needs and provide better service, thereby enhancing the added value of the company's products and improving the gross profit level of the company's exports to the United States.
In addition, Chau Ming Technology also announced that it plans to use its own funds of 9.9 million yuan to increase the capital of Guangdong Zhongke Hongwei Semiconductor Equipment Co., Ltd., further expand its business, improve the industrial layout, and at the same time find new profit growth points and improve profitability.
The announcement shows that the Guangdong Industrial Technology Research Institute is a shareholder of Zhongke Hongwei, holding a 100% stake in Zhongke Hongwei, and intends to increase the capital of Zhongke Hongwei. In addition, the Institute of Semiconductors of the Chinese Academy of Sciences, Guangdong Guosheng Investment Co., Ltd., Dongguan Qinshang Optoelectronics Co., Ltd. are all interested in investing in Zhongke Hongwei.
The announcement said that the establishment of a US subsidiary, the marketing channel forward, can obtain timely information on the US domestic market, more convenient to expand local customers, and effectively increase the company's US market orders.
Chau Ming Technology expects sales in the US market to grow at an average annual rate of around 30% in the next 3-5 years. At the same time, through localization services, we can quickly respond to customer needs and provide better service, thereby enhancing the added value of the company's products and improving the gross profit level of the company's exports to the United States.
In addition, Chau Ming Technology also announced that it plans to use its own funds of 9.9 million yuan to increase the capital of Guangdong Zhongke Hongwei Semiconductor Equipment Co., Ltd., further expand its business, improve the industrial layout, and at the same time find new profit growth points and improve profitability.
The announcement shows that the Guangdong Industrial Technology Research Institute is a shareholder of Zhongke Hongwei, holding a 100% stake in Zhongke Hongwei, and intends to increase the capital of Zhongke Hongwei. In addition, the Institute of Semiconductors of the Chinese Academy of Sciences, Guangdong Guosheng Investment Co., Ltd., Dongguan Qinshang Optoelectronics Co., Ltd. are all interested in investing in Zhongke Hongwei.
We eliminate tooling costs and save customers money by offering hundreds and hundreds of stock overmolds. For highly customized molded cable manufacturing projects, our advanced technology allows us to produce custom overmolds at a price and quality level that clearly sets us ahead of the competition.
Custom molded wire assembly, overmolded IP67/68 connectors assembling,customized waterproofing cable assembly
ETOP WIREHARNESS LIMITED , https://www.etopwireharness.com