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Snow Wright plans to spend 495 million yuan to acquire Fushun Optoelectronics. In the early morning, it was affected by this good news. Shellett's pre-market price limit was up. After the opening, the stock resumed trading and continued to seal the daily limit. This is the first major asset restructuring of Shelley since its listing in 2006, and it is the first refinancing in the capital market since its listing. The revenue of Fushun Appliances from 2012 to 2014 was 182 million yuan, 227 million yuan, and 146 million yuan respectively. The net profit was 30.71 million yuan, 33.92 million yuan and 23.88 million yuan respectively. The overall operation of the company is very optimistic. On the other hand, Fushun Optoelectronics has rich customer resources such as government, banking and transportation, and will maximize the inventory capacity of Shellec resources to achieve full integration of technology, core business and customer resources. Shell's products are focused on interior lighting, automotive lighting and environmental engineering lighting. After the completion of the acquisition of OFweek semiconductor lighting network, Snow Wright is expected to break through the current market for indoor energy-saving lighting products, open up LED display systems and counter Service products, and open a broader outdoor high-power lighting market. LED is known as the second photovoltaic industry for its energy saving, high efficiency and durability. Industry data shows that the actual demand for LED lighting in China in 2020 will reach 138.6 billion yuan. The broad prospects tempted a large number of enterprises to flood into the LED industry, but caused problems such as overcapacity and low industry concentration. There are more than 5,000 enterprises in China's LED industry chain, and most of them are small and medium-sized enterprises with small scale and low technical strength. In the context of the reshuffle of the LED industry in 2014, mergers and acquisitions have become an important means for LED listed companies to increase production capacity and become bigger and stronger. Since the beginning of 2014, there have been 8 LED-related listed companies in the suspension period of mergers and acquisitions or sufficient assets. Earlier, it was the acquisition of Qiwei's shares and the acquisition of Smect Optoelectronics by Hongli Optoelectronics. Recently, Shellett acquired Fushun Optoelectronics. Perhaps the new round of LED mergers and acquisitions will start in September.