According to the Enterprise Insight App, on January 17, 2022, Shanghai Bull Information Technology Co., Ltd. was established with a registered capital of 100 million yuan. Bull Group holds 100% of the shares. The legal representative is Ruan Liping, which is a wholly-owned subsidiary of Bull Group.
It is understood that the business scope of the new company includes: technical consultation, technical development, technical service, and technology transfer in the field of information technology; sales of household appliances; sales of mechanical and electrical equipment; wholesale of hardware products; sales of electrical equipment; sales of electrical accessories; electronic components Devices and electromechanical components and equipment sales and other projects.
According to public information, Bull Group was established in January 2008 with a registered capital of 600.5449 million yuan. Its main businesses include electrical connections, smart electrical lighting, and digital accessories. Smart electrical lighting products mainly include wall switches and sockets, LED lighting, circuit breakers, Home appliances, smart door locks and other products.
It is reported that Bull Group has entered the field of LED lighting since 2014, and then continued to expand its LED lighting product line, gradually expanding from bulbs and downlights to more types of lighting products such as light strips, light stickers, and ceiling lights. In 2018, the layout of whole-house lighting products such as smart switches and smart lighting was completed.
At the end of 2020, the construction project of the Bull Group's LED lamp production base with an annual output of 180 million sets started, with a total investment of 1.45 billion yuan and a total construction area of 267,000 square meters. The construction of the project aims to improve the Bull Group's LED lamp production technology and manufacturing level, Expand the production capacity of LED lamps.
In 2021, Bull Group will make every effort to develop the three major businesses of electrical connection, intelligent electrical lighting and digital accessories. In the first three quarters, the operating income was 9.013 billion yuan, a year-on-year increase of 26.10%; the corresponding net profit was 2.206 billion yuan, a year-on-year increase of 37.98%.
Among them, the single-quarter revenue in the third quarter was 3.193 billion yuan, a year-on-year increase of 5.08%, corresponding to a net profit of 785 million yuan, a year-on-year decrease of 1.30%.
It is also worth noting that in the newly released 2021 Hurun China Top 500 Enterprises List, Bull Group was listed with a value of 97 billion yuan, ranking 151st.
