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Xiamen Xinda teamed up with Sanan to open up new business with 1 billion investment to create new profits
Xiamen Xinda announced on the evening of the 19th that the company and Fujian Sanan Group, Suncore Photovoltaics Incorporated (hereinafter referred to as suncore) jointly invested to establish Xiamen Sanan Cinda Financial Leasing Co., Ltd., the registered capital of the joint venture company of 1 billion yuan, of which Xiamen Xinda invested 50,000 10,000 yuan, accounting for 50%; Sanan Group invested 250 million yuan, accounting for 25 shares; Suncore invested in US dollars, equivalent to 250 million yuan, accounting for 25 shares. It is understood that the current financial leasing industry is in the period of strategic opportunities for development, while new energy industries such as optoelectronics and photovoltaics are encouraged and supported by national policies. Sanan Optoelectronics, a holding subsidiary of Sanan Group, is a leading company in the research and development of LED chips in the domestic optoelectronics industry; Xiamen Xinda Optoelectronics Technology Co., Ltd., a holding subsidiary of the company, is a leading company in the field of optoelectronic packaging and application. At the beginning of the establishment of the joint venture company, it mainly focused on financing leases for equipment in the new energy industry such as optoelectronics and photovoltaics. The joint venture company relies on the mature industry background of shareholders and through stable business cooperation channels of upstream and downstream enterprises, under the premise of grasping the development trend of the industry, it can obtain stable and good return on investment and form a new source of profit. The company said that it will participate in the investment of joint ventures and take advantage of the financial policy advantages of Xiamen Free Trade Zone to focus on the development of financial leasing business for equipment in the new energy industry. By increasing financial services, it can promote the development of the company's optoelectronic business, optimize the asset structure, and form a new source of profit, which will have a positive impact on the company's business development.