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Description of business:
The Group is engaged in the research and development, manufacturing and sales of LED lighting products in the PRC. The Group's business was established in 2005 and since then the Group has grown sales within China, and has been profitable for the last two years. Manufacturing and assembly of LED lighting products are undertaken in the Group's production base in Dongguan, Guangdong Province, PRC. The Group currently employs approximately 130 staff. The Group currently focuses on three product areas: indoor lighting and outdoor lighting (collectively known as general lighting) and backlighting. The Group's plant has operated to ISO 9001 standards since 2008. R&D is also based in Dongguan, and the Group has over 150 patents and approximately seven trademarks registered in PRC. In 2013 the global LED lighting market is expected to be worth US$25.4 billion representing 54% growth on the 2011 figure of US$16.5 billion and the Chinese LED lighting market is expected to be worth 32.4 billion RMB (US$5.3 billion) in 2013. Over the last three years ending 31 December, revenue has grown from RMB 21.78 million to RMB 71.89 million and profit before tax from a net loss of RMB 0.49 million to a net profit of RMB 4.64 million. In the six months ending 30 June 2013 revenue was RMB 60.52 million and profit after tax was RMB 4.61 million.

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Gowin New Energy Group Limited

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