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NVC Lighting wants to force smart city lighting field
The NVC Lighting Smart Lighting Strategy Conference was held recently in Huizhou, Guangdong. At the meeting, NVC Group and China Academy of Sciences cloud computing Zhongke Zhicheng Software Co., Ltd. (referred to as Zhongke Zhicheng) signed a strategic cooperation agreement. NVC's smart lighting strategy is to create a smart city with smart street lights, smart home lights and smart shops as entrances. The strategic cooperation between NVC Group and Zhongke Zhicheng is mainly based on smart street lights. Zhang Peng, president of NVC Lighting, introduced that NVC has a strong lighting manufacturing technology, system hardware solutions, terminal design and development capabilities, and the operation and maintenance foundation of the IoT back office. Zhongke Zhicheng has advantages in software development capabilities, cloud service systems, and smart overall solutions. The strong alliance between the two parties will promote NVC's development in smart commercial lighting and smart city lighting. According to the data, with the rapid development of LED semiconductors and digital technology, the intelligent lighting market has gradually developed. It is expected that the compound growth rate of this market will reach 22.07% in 2015-2020, and the market size will reach 8 billion US dollars in 2020. At the same time, China also attaches great importance to the intelligent lighting market. In May 2015, the "Made in China 2025" issued by the State Council clearly stated: to coordinate the layout and promote the research and development and industrialization of smart appliances and intelligent lighting appliances. In addition to smart lighting and other industries, smart city construction is also one of the important tasks that the country is encouraging and actively promoting. According to public media reports, the number of cities in China to start smart city construction and smart cities under construction in 2017 will exceed 500. The industry predicts that with the speeding up of smart city construction in various regions, the relevant market scale will be at the level of 100 billion. A corresponding number of industries such as intelligent transportation, smart commerce, and smart home will also benefit from this. According to the NVC Group, in 2015, NVC has established a smart project research and development department. In terms of home smart lighting, the group has established cooperation with Internet technology companies such as Xiaomi. In addition, Chengtong Financial Leasing, an indirect wholly-owned subsidiary of China Chengtong Development, entered into a finance lease agreement with the lessee, pursuant to which Chengtong Financial Leasing will purchase such facilities from the lessee and lease the facilities back to the lessee. For a period of 3 years. The facility is a number of underground sewage networks and ancillary facilities and equipment. The valuation was approximately RMB 123 million as at December 19, 2016. The Chengtong Finance Leasing and the lessee have referenced the estimate. After the value, the purchase price of RMB 110 million (equivalent to approximately HK$123 million) was agreed. The purchase price will be funded by the Group's internal resources or the bank loans it has obtained. The lessee is Tieling Public Assets Investment and Operation Co., Ltd., a limited liability state-owned enterprise established in China. The report stated that the finance lease arrangement was entered into in the ordinary and usual course of business of Chengtong Financial Leasing. It is expected that Chengtong Financial Leasing will earn an income of approximately RMB 14 million (equivalent to approximately HK$15.68 million), ie financial leasing arrangements. The difference between the total handling fee plus the lease payment and the purchase price that Chengtong Financial Leasing will pay for the purchase of such facilities.