Committed to LED lighting field, the cost advantage to enhance brand competition. Rectangular group was established in May 2005, in March 2012 in shenzhen stock exchange gem, mainly engaged in LED lighting light source devices and LED lighting products research and development, design, production and sales, is our country one of the leading enterprises in the field of LED lighting light source device packaging. In recent years, the company set up industrial park, investment construction bracket of SMD production center and the drive power supply IC project cost control, enhance the competitiveness of the products of the company. To the company long-term strategic development, the company changed its name rectangular group, to adapt to the future development planning and business development needs.
To the downstream industry, realizes the industrial chain of vertical integration. Affected by the global energy crisis, many countries advocate energy conservation and emissions reduction, policy, driven by demand LED lighting products, wide prospect of market. Since 2015, however, LED industry product homogeneity competition motivation, enterprise polarized obviously, big companies through mergers and acquisitions to expand further, small businesses are struggling. Company through the acquisition of Kang Mingcheng 60% stake, extended to the downstream industry chain development, enhance core competitiveness. In addition, the company invested 100 million yuan to set up a wholly owned subsidiary of shenzhen sea before oblong financial holding co., LTD., relying on the Internet platform, provide financial services for the company's main business, to build the lighting industry ecosystem.
Cut to the preschool education industry, explore the denotative development. The country attaches great importance to the education system reform, preschool education industry as a sunrise industry, in the policy stimulus and family income increases, the pursuit of high quality early childhood education, preschool education industry wide prospect in the future. Through (1) over the past 2016 years, the company invested 100 million yuan to set up a wholly owned subsidiary of shenzhen sea before oblong education management co., LTD., engaged in preschool education institutions early investment and construction work; (2) with their own capital of RMB 400 million, and francois capital invested to set up the rectangular francois education industry mergers and acquisitions investment fund, the fund size is not more than 2 billion yuan, the main investment assets in the education industry, especially in international education, early education, preschool education as the focus, the preschool education industry, such as preschool education industry, explore the denotative development, realize leap-forward development.