BDO Runda signs US-Japan LED purchases totaling 566 million yuan

BDO Runda signs US-Japan LED purchases totaling 566 million yuan

After BDO Runda reached an agreement with Hangmei Advertising to purchase products, it recently signed contracts with Japan's Two Birds and US Wal-Mart to obtain orders of 566 million yuan in total.

BDO Runda has signed an agency procurement agreement with the US ShiningImage International Co., Ltd. through wholly-owned subsidiary BDO Runda International (Hong Kong) Co., Ltd. According to the contents of the agreement, BDO Runda granted Shining Image exclusive agency to directly import (DI) LED products to Wal-Mart. From June 2012 onwards, 18 months were not less than US$45 million (approximately 283 million yuan), accounting for approximately The company's 2011 unaudited operating income was 9.23%. The cooperation products include 19 LED lighting products such as LED bulbs and LED spotlights.

BDO Runda said that the agreement will help promote the company's LED lighting products in the US market, and will have a positive impact on the company's operating revenue and operating profit in 2012 and 2013.

At the same time, BDO Runda issued an announcement that the company and Japan's Two Birds Company signed the "Lighting Business Cooperation Program" on February 28. According to the agreement, in 2012 the company plans to grow 30% to 40% in cooperation with Double Bird, and in the next three years (including 2012), it will reach 45 million U.S. dollars, or approximately 283 million U.S. dollars, accounting for about the company's 2011 unaudited business. 9.23% of revenue.

BDO Runda said that the commercial cooperation plan signed with the Double Bird Company will be beneficial to the promotion of the company's LED lighting products in the Japanese market, and will have a positive impact on the company's operating revenue and operating profit in the next three years.

It is understood that Double Bird Company started to establish business relationship with BDO Runda in 2007, mainly purchasing LED lighting and small home appliance products of the company. In the past three years, the transaction amount of the two parties has grown rapidly, and it was 25.32 million yuan from 2009 to 2011 respectively. , 45.65 million yuan and 85.21 million yuan; of which, accounted for 2.78 percent of BDO Runda's operating income in 2011.

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