Hengtai Lighting, Minbang Optoelectronics, Haoshanghao: IPO goes one step further

Recently, three LED-related companies have updated their IPO news. The specific situations are as follows:

Hengtai Lighting passed the meeting

According to the "Announcement on the Results of the 43rd Review Meeting of the Beijing Stock Exchange Listing Committee in 2022", Hengtai Lighting successfully passed the meeting.

It is reported that Hengtai Lighting is a high-tech enterprise focusing on green, environmentally friendly and intelligent lighting fixtures. It is mainly engaged in the research and development, manufacturing, sales and service of industrial lighting and commercial lighting products.

In terms of technology, through the core technology platform, the core technologies Hengtai Lighting has developed include five categories: "LED product virtualization component system technology", "interactive product design technology", "anti-glare healthy and energy-saving optical design technology", "universal electronic optical design and production process technology" and "LED general modification application technology". Each category contains multiple patented technologies, all of which are developed from the company's own core technology platform and are used in the company's main products.

In this application to be listed on the Beijing Stock Exchange, Hengtai Lighting plans to raise 199.198 million yuan for the following projects:

Civil Explosion Optoelectronics responded to the review center’s opinion implementation letter

On August 31, China Explosion Optoelectronics updated its response to the second round of GEM IPO inquiries, and received the exchange review center’s opinion implementation letter on September 9. On September 19, Civil Explosion Optoelectronics and the sponsoring agency responded to the review center’s opinion implementation letter.

Among them, in terms of the sustainability of performance growth, Minbang Optoelectronics pointed out that from January to June 2022, the company achieved operating income of 745.1489 million yuan, a year-on-year increase of 22.29%; the net profit attributable to the parent company was 116.2493 million yuan, a year-on-year increase of 65.44%. It said that the growth of the company's operating income has brought about an increase in gross profit, which is consistent with the export growth trend of China's lighting industry and the change trend of LED business of comparable companies in the same industry. At the same time, the U.S. dollar is generally in an appreciation trend in the first half of 2022, and exchange gains have increased, which has a positive impact on net profit.

Minbang Optoelectronics also expects to achieve operating income of 1.35 billion yuan to 1.4 billion yuan in 2022, a decrease of 6.49% to 9.83% from the previous year; the net profit attributable to the parent company is expected to be 186.00 million yuan to 193.00 million yuan, an increase of 9.47% to 13.59% from the same period last year. The company believes that as the impact of the epidemic on overseas markets has gradually weakened, overseas supply chains have been restored, and some orders transferred domestically have gradually returned to overseas. In addition, the global economy is facing downward pressure, and the procurement demand of downstream customers has declined compared with the previous year.

It is reported that Minbang Optoelectronics is a high-tech enterprise focusing on the green lighting business field. It is mainly engaged in the research and development, design, manufacturing, sales and service of LED lighting products.

In this application to be listed on the GEM, Minbao Optoelectronics plans to raise 1,101,719,200 yuan for the following projects:

Among them, the LED lighting lamps automation expansion project is to further expand the company's existing production capacity, improve the degree of automation of production, and improve the company's operating scale and profitability; the civil explosive optoelectronics R&D center construction project is to further increase investment in the field of research and development, strengthen the ability to realize customer needs, and improve the company's profitability and core competitiveness; the supplementary working capital project will provide financial guarantee for the company's rapid development and enhance development potential.

Haoshanghao is about to start subscribing

Recently, the China Securities Regulatory Commission disclosed its approval of the initial public offering of shares by Shenzhen Haoshanghao Information Technology Co., Ltd., approving the public issuance of no more than 24 million new shares by Haoshanghao. It is reported that Haoshanghao’s initial inquiry date is September 15, 2022, and the subscription date is September 21, 2022.

Haoshanghao is a well-known electronic component distributor in China. It mainly sells electronic components to electronic product manufacturers in consumer electronics, Internet of Things, lighting and other application fields, and provides related product design solutions, technical support and other services.

In addition, Haoshanghao is gradually developing its IoT product design and manufacturing business and launching chip customization business. At present, Haoshanghao has successfully sold electronic component products to customers such as Xiaomi, Changhong, Kangguan, Zhaochi Co., Ltd., Huaxida, Anke Innovation, Quectel Communications, Olympian Technology, Salcomp, Shanghai Chuangmi, Goertek, Aidu Technology, and CVTE.

This time applying for listing on the Shenzhen Main Board, Haoshanghao plans to raise 747 million to invest in the following projects:

Among them, the project of expanding the sales product line plans to expand the electronic component product line in consumer electronics, Internet of Things, lighting, industry, communications, automobiles and other application fields by expanding necessary sites and purchasing equipment. Haoshanghao predicts that by the year of production, the company will have an additional operating income of 1,405,432,500 yuan.

The headquarters and R&D center construction project will build professional technical laboratories such as electromagnetic compatibility, reliability, and electronic measurement, as well as product application laboratories such as audio and video, and industrial control.

After the implementation of the IoT wireless module and smart home product design and manufacturing project, Haoshanghao will achieve large-scale production of IoT wireless modules and smart home products. By the year of reaching production, Haoshanghao will have an annual production capacity of 10 million IoT wireless modules and 3 million smart home products.