Xiamen Xinda: Focus on LED and IoT business

On May 26, Xiamen Xinda (000701) said on the interactive platform of investor relations that the company will adhere to the strategic thinking of “high-tech leadership and diversified development” in the future, focusing on the development of LED and IoT businesses, and strengthening and expanding the electronic information industry. Stable development of supply chain management business, real estate business, improve the Group's profitability and sustainable development capabilities, and become a high-quality listed company in the electronic information industry.

Data show: Xiamen Xinda was founded in 1984. For more than ten years, it has been committed to the development of information industry, focusing on information technology, information services and electronic components manufacturing, while operating bioengineering, import and export trade, commerce, real estate and cultural communication. It has grown into a large-scale high-tech enterprise group with the information industry as its core.

Straight Flush financial analysis believes that the Internet of Things is widely used in transportation, logistics, security, power, home and other fields. It is an important part of the “12th Five-Year” strategic emerging industry. It is estimated that by 2015, the total output value of the domestic Internet of Things industry will reach 750 billion. Yuan, the average compound growth rate is over 30%. The company's wholly-owned subsidiary, Xinda IOT, acquired a 41% stake in Shenzhen Anni Digital Technology Co., Ltd. held by Li Tingyi for 61.5 million yuan, and independently increased the capital of Anni Digital by 30.612 million yuan, with a total transaction amount of 92.112 million yuan. The layout of the Internet of Things security business is conducive to further improving the company's strategic chain of the industry chain in the Internet of Things industry.

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