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The main content of the cooperation agreement between Xin Najing and the above three companies is the supply of chips. Xinhaiyi holds a 90% stake in Xin Najing. According to the company, the total amount of the corresponding contract for the three new contracts of Xin Najing reached RMB 90.9 million, accounting for 281.45% of the annual operating income of Xin Najing in 2013. Xinhaiyi said that the performance of this contract will have a positive impact on the continued growth of Xin Najing and the company's 2014 results.
Recently, the company announced that Xin Najing and Changfang Lighting also signed a chip supply contract of 52.65 million yuan. In 2013, Xinhaiyi’s operating income was 823 million yuan. 
Xinhai Yizi Company was awarded a strategic purchase cooperation agreement of 90.9 million yuan
Xinhaiyi announced at noon on the 15th that the company received a notice from its holding subsidiary, Suzhou Xinnajing Optoelectronics Co., Ltd., which was jointly operated by Shenzhen Zhongdian Jintai Optoelectronics Technology Co., Ltd. and Zhejiang Yimi Optoelectronics Technology on May 14, 2014. Co., Ltd. and Kunshan Meidisen Optoelectronics Technology Co., Ltd. signed a three-year "2014 Strategic Procurement Cooperation Agreement" with a contract amount of 5.4 million yuan, 2.3 million yuan and 2.4 million yuan in Suzhou for a period of nine months.