The emerging channel model of e-commerce has received unanimous attention from industry leaders. In September 2013, Zhou Ming announced that it had acquired a 20.5% stake in Hanyuan, thus achieving an important first-mover advantage in the field of lighting e-commerce channels.
In November 2013, Chau Ming signed a cooperation framework agreement with Nanfang Energy, a subsidiary of China Southern Power Grid, to help the latter build an e-commerce platform, Nandu Energy Saving Service Network.
China Merchants Securities believes that the e-commerce platform is the first step in the cooperation between Chau Ming and the South Network. The follow-up expansion space is huge. The specific form includes that Chau Ming may become the main supplier of the EMC project of the South Network. With the help of South China's channels, customers, databases and other resources, Chau Ming will benefit significantly.
Zhou Ming Technology's small pitch display is expected to force. After a few years of reshuffle, the display industry has stabilized. From the perspective of industry market capacity, its growth rate has stabilized around 20% in recent years. Looking forward to the future, China Merchants Securities believes that technological advancement and cost reduction will promote the promotion of small-pitch display products, while Chau Ming has a better channel and customer base, and its product features are outstanding.
China Merchants Securities said that the LED lighting market has already ushered in a blowout period. Participation in Hanyuan and cooperation with Nanwang reflects the flexible market strategy of Zhouming. China Merchants Securities judges that the growth rate of Zhouming Technology will reach 70-100 in the next two years. %. In addition, the display business will be able to achieve a stable growth of 20-30% in the next three years, driven by small-pitch products. Under the background of LED lighting and display industry, Chau Ming's growth momentum and profitability are clear.
In November 2013, Chau Ming signed a cooperation framework agreement with Nanfang Energy, a subsidiary of China Southern Power Grid, to help the latter build an e-commerce platform, Nandu Energy Saving Service Network.
China Merchants Securities believes that the e-commerce platform is the first step in the cooperation between Chau Ming and the South Network. The follow-up expansion space is huge. The specific form includes that Chau Ming may become the main supplier of the EMC project of the South Network. With the help of South China's channels, customers, databases and other resources, Chau Ming will benefit significantly.
Zhou Ming Technology's small pitch display is expected to force. After a few years of reshuffle, the display industry has stabilized. From the perspective of industry market capacity, its growth rate has stabilized around 20% in recent years. Looking forward to the future, China Merchants Securities believes that technological advancement and cost reduction will promote the promotion of small-pitch display products, while Chau Ming has a better channel and customer base, and its product features are outstanding.
China Merchants Securities said that the LED lighting market has already ushered in a blowout period. Participation in Hanyuan and cooperation with Nanwang reflects the flexible market strategy of Zhouming. China Merchants Securities judges that the growth rate of Zhouming Technology will reach 70-100 in the next two years. %. In addition, the display business will be able to achieve a stable growth of 20-30% in the next three years, driven by small-pitch products. Under the background of LED lighting and display industry, Chau Ming's growth momentum and profitability are clear.
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