24.91 million, NationStar Optoelectronics exits, Foshan Lighting holds 100%

Recently, the lighting industry received major news:NationStar Optoelectronics transferred its 49% equity stake in Foshan Haolaite Optoelectronics Co., Ltd. to Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as "Foshan Lighting") for a price of 24.9166 million yuan. This "takeover" move has caused a stir in the industry. What industry logic and development trends are hidden behind it? Let's find out.

Details of the Equity Transaction

NationStar Optoelectronics stated in its announcement released on May 17 that this equity transfer is intended to optimize the company's resource allocation and improve overall operational efficiency. As of the date of the announcement, the industrial and commercial change procedures for this equity transfer have been completed. NationStar Optoelectronics has received all equity transfer payments from Foshan Lighting. The transfer has been fully completed, and NationStar Optoelectronics no longer holds any equity in Haolaite Company.

According to records, Haolaite was established in 2020 as a joint venture between Foshan Lighting and NationStar Optoelectronics. Prior to this transfer, Foshan Lighting held a 51% equity stake in Haolaite; upon completion of the transfer, Foshan Lighting will achieve 100% ownership of Haolaite.

Capital Connections Behind the Scenes

It is worth noting that Foshan Lighting holds a total of 21.48% of the shares in NationStar Optoelectronics, directly or indirectly, making it the controlling shareholder. According to relevant regulations, this transaction constitutes a related-party transaction. This also means that the change in equity is not merely a simple commercial transaction, but an important step in the group’s internal resource integration and strategic layout adjustment.

Industry Impact and Outlook

From an industry perspective, NationStar Optoelectronics achieved revenue of approximately RMB 3.473 billion and net profit attributable to shareholders of the listed company of approximately RMB 51.5301 million in 2024. Foshan Lighting’s full ownership of Haolaite is expected to further integrate the advantageous resources of both parties, unlocking greater efficiency in smart lighting, commercial lighting, outdoor lighting, and other fields.

On one hand, for Foshan Lighting, acquiring full ownership of Haolaite enables more flexible strategic planning, accelerating R&D and market expansion to increase market share. On the other hand, for NationStar Optoelectronics, this equity divestment may be a key move to focus on core businesses and optimize asset structure, helping it concentrate on enhancing competitiveness in its niche segments.

This equity transaction between leading lighting companies in Guangdong is undoubtedly a significant milestone in the development of the lighting industry. It not only reflects corporate thinking on resource integration and strategic layout but also brings new variables and opportunities to the industry's future trajectory. We will continue to monitor the situation and bring you the latest updates.