Corporate M&A mentality is the most important

-- Interview with Wu Changjiang, President of Huizhou NVC Optoelectronics Technology Co., Ltd. In 2006, some people called it the first year of foreign investment in China's retail industry. Best Buy Holding Five Star Electric Appliances, Wal-Mart's Acquisition of Good and Many, Tesco's Capital Increase Tesco, Parkson's Repurchase of Mainland Stores, B&Q's Oriental Home, and Home Depot's Home Furnishings, and in November 2006, Gome completed the price of HK$5.268 billion for Yongle Electric The merger has become the largest corporate merger and acquisition case in China's home appliance chain industry. On the other hand, in October 2006, BenQ Lee? J Yao announced that a year and a half ago, BenQ’s acquisition of Siemens’ mobile phone unit failed. BenQ Mobile’s bankruptcy and restructuring had lost as much as 840 million euros, which caused a cold water for corporate mergers and acquisitions. Similarly, the lighting industry as a sunrise industry is also undergoing a wave of mergers and acquisitions. In August 2006, NVC fully integrated Huizhou Zhongda Technology Co., Ltd., a well-known lighting company, and merged its “generational” brand into the largest M&A case in the lighting industry in 2006. As the core figure in the merger, Huizhou Wu Changjiang, president of NVC Optoelectronics Technology Co., Ltd. is undoubtedly the focus. At the annual meeting of corporate leaders at the end of last year, Wu Changjiang talked about “enterprise mergers and acquisitions and brand dreams” and opened up mergers and acquisitions for integrated resources and brand expansion. topic. Recently, Wu Changjiang accepted an interview with this reporter and once again talked about mergers and acquisitions. Wu Changjiang: President of Huizhou NVC Optoelectronics Technology Co., Ltd. The top ten outstanding figures in China's lighting industry, the vice president of the Chongqing Chamber of Commerce in Guangdong Province, and the rotating executive chairman of the annual meeting of the China Business Masters Forum. Business Quote: We have to make NVC lighting products can be sold like carrots and vegetables! Corporate mergers and acquisitions change the traditional meager profit mode Reporter: In the lighting industry, most of the market share has been occupied by foreign brands such as Philips, GE, Panasonic, etc. Philips Lighting is a unique show, and has merged with many large domestic lighting companies, and quite a few domestic Lighting companies are labeling them. What do you think about this phenomenon? Wu Changjiang: Philips is one of the world's three major light source giants. It does have its own advantages in the market, but now domestic lighting companies and brands have begun to rise, such as NVC, Op, etc., many aspects have already surpassed. NVC is a weakness in the field of light source, and is the domestic leader in the field of lighting. Now many multinational giants including Philips Lighting have admitted that NVC is indeed the domestic leader in the field of lighting, which indicates that domestic enterprises still have their own advantages. Reporter: The annual output value of China's lighting industry has exceeded 140 billion yuan, but the entire lighting industry has nearly 20,000 production enterprises. Zhongshan Guzhen Town has gathered more than 5,000 lighting enterprises. trend?

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