Yankon Lighting announced on December 29 that the company received subsidies from China’s Ministry of Industry and Information Technology (MIIT) for “Industrial upgrade to smart manufacturing and IoT+ mobile support security project—Secured chip improvement and application.”

The LED industry has entered into a period where penetration rate is rapidly increasing each quarter. Consumers continue to purchase traditional lighting products in large volumes, but distributors have begun reducing the proportion of products for sale. Manufacturers are facing saturated orders and rising lighting order visibility.

Due to overseas market expansion and private brand developmental needs, Yankon Lighting announced on January 13th that their 95 percent owned subsidiary, Xiamen Yankon Energetic Lighting Co., has invested AUD $1 million (RMB 5.40 million) to establish a wholly owned subsidiary in Australia.

The joint investment between San’an Optoelectronics and Yankon Lighting was announced on September 9th that the two companies will establish a development company for new illuminant and lighting R&D.  The joint venture between the two companies make use of the combined technology and market superiority to create a market pipe line for development of new LED illuminant and lighting products.