[High-tech LED News] On April 12, 2011, Qinghai Huading (600243) announced its 2010 annual report. The annual report disclosed that its subsidiary, Guangzhou Panyu Huading South Science & Technology Co., Ltd. invested RMB 20,885,380 yuan on December 1, 2010 to purchase 51% of the equity of Guangdong Zhonglong Transportation Technology Co., Ltd.
Qinghai Huading's main business is machine tool products, gears (boxes), food machinery and elevator parts. In 2010, the company's main business income was 1.041 billion yuan, an increase of 9.02% over the previous year; the total profit was 24.67 million yuan, an increase of 26.36% over the previous year; the net profit was 21.5497 million yuan, an increase of 42.55 percent over the previous year.
Guangdong Zhonglong Transportation Technology Co., Ltd. was established in September 2004, and is the earliest enterprise specialized in the development of highway LED lighting products. The company has participated in the construction of tunnel lighting projects in many provinces and cities such as Shanghai, Fujian, Guangdong, Guangxi, Gansu, Shaanxi, Shanxi and Guizhou.
In 2010, Zhonglong Transportation successfully won the bid for the LED Tunnel Light Project of Shanghai Yangtze River Tunnel. With a total length of 8.9 kilometers, the tunnel is the largest tunnel project in the world for LED lighting. At the same time, the project also won the “2010 LED Illumination China Selection Campaign†Best Application Engineering Award sponsored by Gaogong LED.
According to the ranking of 2010 local LED tunnel light enterprise competitiveness announced by the High-tech LED Industry Research Institute (GLII), Zhonglong Transportation ranked first.
Qinghai Huading's main business is machine tool products, gears (boxes), food machinery and elevator parts. In 2010, the company's main business income was 1.041 billion yuan, an increase of 9.02% over the previous year; the total profit was 24.67 million yuan, an increase of 26.36% over the previous year; the net profit was 21.5497 million yuan, an increase of 42.55 percent over the previous year.
Guangdong Zhonglong Transportation Technology Co., Ltd. was established in September 2004, and is the earliest enterprise specialized in the development of highway LED lighting products. The company has participated in the construction of tunnel lighting projects in many provinces and cities such as Shanghai, Fujian, Guangdong, Guangxi, Gansu, Shaanxi, Shanxi and Guizhou.
In 2010, Zhonglong Transportation successfully won the bid for the LED Tunnel Light Project of Shanghai Yangtze River Tunnel. With a total length of 8.9 kilometers, the tunnel is the largest tunnel project in the world for LED lighting. At the same time, the project also won the “2010 LED Illumination China Selection Campaign†Best Application Engineering Award sponsored by Gaogong LED.
According to the ranking of 2010 local LED tunnel light enterprise competitiveness announced by the High-tech LED Industry Research Institute (GLII), Zhonglong Transportation ranked first.
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