Foshan Lighting wants to build electric vehicle complete industry chain

The "China Light King" Foshan Lighting (000541), which is famous for its cash cows, has attracted much attention for its energy-saving products fit the National industrial development policy and investment initiatives in the new energy field in recent two years.　　Yesterday's shareholder meeting, faced with the frequent questions from fund companies and brokerages from all over the world, the company's chairman, Zhongxincai, said he intended to develop in this new area in depth in the future to form a complete industrial chain of lithium carbonate, lithium batteries and new energy pure electric vehicles from upstream to downstream. Production of lithium carbonate from brine it is well known that Foshan Lighting has a strong technical background of large shareholders-osram, so a few years ago when Osram stationed, whether the company's management or investors are full of expectations. Unfortunately, over the past few years the company has not been the major shareholder of new lighting products technical support. As a result of the financial crisis, as a traditional product of electric light source industry cost and competition is becoming more and more serious, the company's production and management face greater challenges.　　It is in this case, in order to enable the company to adapt to current and future trends in economic development, to ensure that the company can continue to develop stably, according to the national development of Low-carbon economy, the company's management will be the goal and direction of breakthrough in the new energy projects. September 2009, Foshan Lighting and Sino-European companies, such as three investors joint venture Qinghai Buddha Zhao Lithium Energy Development Co., Ltd., and then use the company's patented technology, in late September by the company and Qinghai Salt Lake Technology Development Co., Ltd. signed a letter of intent, jointly funded the formation of Qinghai Salt Lake Buddha Zhao Lithium Industry Co.　　Develop and produce lithium carbonate projects. The prospect of new energy is very bright, which leads to countless funds. So what are the advantages of the Chinese light king in this field?　　Zhongxincai said that last year's vote on new energy investment, the board has two directors abstained, the two directors from the major shareholder Osram, now through the management of a lot of research and provide data, OSRAM headquarters has changed its view, said to actively support the development of new energy. Zhongxincai said that the company's success in this area of investment is also to master the only patented technology, using adsorption method in brine extraction of lithium carbonate. He said the Salt Lake Group had successfully extracted lithium carbonate from the brine four years ago, and this resource was abundant in Qinghai province. Compared with the extraction by sintering method, this patent has low cost and no pollution.　　The joint venture is said to be pushing ahead, and July or August will produce results.　　Talking about the company's plans for new energy projects, Zhongxincai said that, in addition to lithium carbonate, the next step will be actively explore the downstream project of lithium carbonate, to develop new energy industry chain to create good conditions, the company intends to 160 million by the Hefei State Xuan Marketing Planning Co., Ltd. Hefei held by the national Xuan Gao Ke Power Energy Co., Ltd. 20% equity. Traditional lighting products in short supply in new energy projects, Foshan lighting the traditional lighting industry is also a good momentum. In Zhongxincai's words, the company is still working overtime to keep pace with the needs of the market. He explained that because of last year's financial crisis, foreign customers do not dare to inventory, inventory are digested, had to work hard this yearReplenishment, the domestic market is the same. In the face of this situation, the company can not only look at the immediate benefits of production, because to consider whether the management can keep up, quality assurance, otherwise only affect the company's long-term benefits. Now the company adopted the strategy is, on the one hand, the existing equipment all open up, on the other hand to the outside OEM production. And in the face of such a good sales situation, the company has also been the ex-factory price to upgrade 10%.　　Zhongxincai said the company's total sales value will increase by about 10% from last year. LED projects, the company is also actively seeking breakthroughs, Zhongxincai revealed, is currently with a patent company in the United States negotiations, the goal is to buy a patent, buy the right to use.　　The results are expected to come out soon. Yesterday's shareholder meeting also elected the company's new board of directors, Zhongxincai removed the chairman of the post, but still remain as general manager of the post. At a critical juncture in the company's transition, Zhongxincai's whereabouts are of concern to institutional investors. Zhongxincai smile, Foshan Lighting is the public's full circulation company, as the 67-year-old, should also be properly phased out of the management layer. But he said he would not quit until the new energy project came to fruition.