Group 1: Major Contract Details - The company has a total contract value of ¥86,113,503.97 for the LED streetlight project covering 8 roads in Xiantao City [2] - The contract will utilize a certain amount of the company's working capital [2] Group 2: Market Position and Strategy - Shenzhen Rishang Optoelectronics Co., Ltd. is a leading enterprise in the domestic LED advertising lighting sector, aligning with the company's mid-to-high-end marketing strategy [2] - The acquisition of Rishang Optoelectronics will allow the company to quickly enter the mid-to-high-end advertising lighting market [3] Group 3: Future Development Strategy - The company will continue to focus on packaging as its main business, emphasizing backlight and lighting device packaging to maintain its brand advantage in the domestic market [3] - The sales proportion of lighting products is expected to steadily increase [3] - The company aims to expand its downstream application range and enhance overall market share through high-quality products and strong customer strategies [3] Group 4: Mergers and Acquisitions Outlook - The company plans to expand its downstream lighting application segments through both organic growth and external acquisitions [4] - Future acquisitions will focus on high-quality targets within the LED industry that offer technological, channel, or brand advantages [4] Group 5: Shareholding and Stock Management - The chairman's shares will be released for trading on February 17, 2015, with no current plans for reduction [4]

Group 1: Company Overview - Wanrun Technology is a leading provider of mid-to-high-end LED light source devices and LED lighting products, with revenue contributions of approximately 70% from LED light source devices and 30% from LED lighting products [1] - The company anticipates that the demand for LED lighting applications will significantly increase, making it a key growth point for profitability [1] Group 2: Strategic Development - The company plans to expand its market presence through both organic growth and external mergers and acquisitions, focusing on downstream lighting application segments [1] - Future mergers and acquisitions will prioritize targets within the LED industry that possess advanced core technologies, established channels, or strong brands, aiming for vertical integration or complementary integration within the industry [1] Group 3: Management Confidence - Company executives and shareholders express strong confidence in the future development of Wanrun and the LED industry, as evidenced by their significant stock purchases [3] - The company is considering the establishment of an industrial merger fund to accelerate external acquisitions and strengthen its market position [3]

深圳万润科技股份有限公司投资者关系活动记录表 证券代码：002654 证券简称：万润科技 编号：2014-16 | --- | --- | --- | --- | |--------------|--------------------------------|--------------------------------------------------|------------------------------------------------------------------| | | √特定对象调研 □分析师会议 | | | | | □媒体采访 | □业绩说明会 | | | 投资者关系活 | □新闻发布会 □路演活动 | | | | 动类别 | □现场参观 | | | | | □其他 | | | | | 鹏华基金管理有限公司 | | 薛冀颖 | | 参与单位名称 | 中信证券股份有限公司 | | 高耀华 | | 及人员姓名 | 北京市星石投资管理有限公司 | | 张文博 | | | 上海申银万国证券研究所有限公司 | | 徐进 | | 时间 | 2014 年 8 月 25 日 | | | | ...

证券代码：002654 证券简称：万润科技 编号：2014-21 | --- | --- | --- | |-------------------------|------------------------------------|---------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | | √媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 □路演活动 | | | 动类别 | □现场参观 | | | | □其他 | | | 参与单位名称 及人员姓名 | 《广东 LED 》杂志社 | 周娟 | | 时间 | 2014 年 9 月 22 日 | | | 地点 | 通过电子邮件方式进行 | | | 上市公司接待 | | | | 人员姓名 | 董事、副总裁兼董事会秘书郝军 | | | | 1 、 2014 11.79% | 年上半年万润科技净利润突破 2,500 万，同比增长 。其 ...

证券代码：002654 证券简称：万润科技 深圳万润科技股份有限公司投资者关系活动记录表 编号：2014-14 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------|-------|----------------|-------|-------|-------|-------|-------|----------|-------| | | √ | 特定对象调研 □分析师会议 | | | | | | | | | | | | □ | 媒体采访 □业绩说明会 | | | | | | | | | | | 投 资 者 关 系 | □ | 新闻发布会 □路演活动 | | | | | | | | | | | 活动类别 | □ 现场参观 | | | | | | | | | | | | | □其他 | | | | | | | | | | ...

Company Overview - Shenzhen Wanrun Technology Co., Ltd. is a leading provider of mid-to-high-end LED light source devices and LED lighting products, with revenue contributions of approximately 70% from LED light source devices and 30% from LED lighting products [1] - The company focuses on commercial and municipal lighting, with a strategic emphasis on high-end market positioning [2] Investor Relations Activities - The investor relations activity was held on July 13, 2015, at the Changhong Technology Building in Shenzhen, attended by representatives from various securities firms and investment management companies [1] Market Positioning and Strategy - The company has introduced new shareholders to expand its domestic energy management contract (EMC) business and LED lighting market [2] - The commercial and municipal lighting sectors are prioritized due to lower price sensitivity and higher demand for energy-efficient products, aligning with government policies on energy conservation [2] - Wanrun Technology and Rishang Optoelectronics complement each other, allowing for shared customer resources and enhanced market presence [2] Production and Expansion - The company has established a new production base in Dongguan, covering approximately 100,000 square meters, to meet growing operational demands [3] - Future acquisitions will focus on downstream sectors within the LED industry, targeting companies with advanced technology and strong market channels [3] Financial Goals - The company aims for a market capitalization of 30 billion RMB, contingent on favorable macroeconomic conditions and industry growth [3][4] - The growth strategy includes both organic growth and external acquisitions to enhance overall competitiveness and profitability [4]

证券代码：002654 证券简称：万润科技 编号：2015-04 | --- | --- | --- | --- | |--------------|--------------------------------|------------------------------------------------|------------------------------------------------------------| | | | | | | | □特定对象调研 □分析师会议 | | | | | □媒体采访 | □业绩说明会 | | | 投资者关系活 | □新闻发布会 □路演活动 | | | | 动类别 | □现场参观 | | | | | √其他 (投资者接待日活动 | ) | | | | 安信证券股份有限公司 | | 安永平 | | | 建信基金管理公司 | | 王帆 | | 参与单位名称 | 上海从容投资管理有限公司 | | 陈蒙 | | 及人员姓名 | 华安财保资产管理有限责任公司 | | 贺永发 | | | 深圳市恒运盛投资顾问有限公司 | | 徐尔欣 | | | 深圳市东方财智资产管理 ...

Group 1: Company Overview and Market Context - Wanrun Technology is a leading provider of mid-to-high-end LED lighting products, serving notable clients such as Konka and Op Lighting [5] - The LED industry is facing pressure due to intense competition, leading to declining product prices and profit margins [5] - The global internet advertising market was valued at over $135 billion in 2014, projected to reach $240 billion by 2019 [5] - China's internet advertising market grew from 77 billion yuan in 2012 to over 150 billion yuan in 2014, with a compound annual growth rate (CAGR) exceeding 40% [5] Group 2: Strategic Transformation and Acquisitions - Wanrun Technology initiated a strategic transformation by acquiring 100% of the shares of Rishang Optoelectronics in August 2014, aiming to expand into the LED advertising lighting sector [5] - The company plans to enter the internet advertising media sector, leveraging the growth potential of the industry [5] - Wanrun Technology has also acquired stakes in Ding Sheng Yixuan and Yi Wan Wireless, with plans for full acquisition contingent on meeting specific conditions by 2016 [6] Group 3: Business Model and Competitive Advantages - Ding Sheng Yixuan focuses on internet advertising services for the home decoration industry, holding exclusive agency rights with Baidu, enhancing its pricing power and profit margins [6][8] - Yi Wan Wireless specializes in mobile internet advertising, collaborating with major platforms like Tencent and Alibaba to provide comprehensive advertising services [7] - Wanrun Technology's traditional LED business remains stable, with projected net profits between 50 million and 60 million yuan for the year [7] Group 4: Future Directions and Industry Integration - The company aims to build a comprehensive internet advertising media industry chain, focusing on core competitive advantages such as creative planning, technology platforms, and data mining [8] - Wanrun Technology is committed to exploring cross-border mergers and acquisitions to gather global resources and talent, aspiring to become a well-known internet enterprise both domestically and internationally [6]

Group 1: Strategic Transformation - The company has initiated a strategic transformation due to intense competition and declining profit margins in the LED industry, leading to a focus on mergers and acquisitions [1] - In August 2014, the company acquired 100% of Rishang Optoelectronics to expand into new fields, specifically the LED advertising lighting sector [1] - The strategic development path includes three phases: traditional LED products, entry into LED advertising lighting through acquisition, and now advancing into the internet advertising media industry [1] Group 2: Future Plans and Market Position - The company aims to integrate and operate effectively in the internet advertising media sector while gradually extending into upstream vertical industries [2] - The traditional LED business is currently stable and expected to maintain steady growth, with a focus on niche segments within the LED industry [2] - The existing team from the acquired company will play a crucial role in the strategic transformation, leveraging their industry experience and operational management skills [2] Group 3: Competitive Landscape - The return of Google to the Chinese market presents both challenges and opportunities for the company, particularly for its subsidiary, Ding Sheng Yi Xuan, which specializes in internet advertising services for the home decoration industry [2] - Ding Sheng Yi Xuan has established itself as a well-known local internet advertising agency, with a strong client base and is actively exploring additional media resources [2]