Op Lighting said that LED lighting has the characteristics of inconsistent industry standards, numerous participants, and rapid technological innovation. If the company cannot keep up with the pace of technological innovation in the industry, the project will face the risk of not achieving expected returns. Opple Lighting listed 11 special risk warnings in its prospectus. It believes that the lighting industry is in the process of industrial upgrading, and the development of LED technology will change the competition model of the industry, thus bringing about a new round of industry reshuffle.
Op Lighting stated that since 2013, LED lighting product technology has progressed rapidly, costs have been effectively reduced, and the replacement of traditional lighting products has begun to accelerate. The lighting industry has entered a new round of industrial upgrading cycles and faces greater development opportunities, but at the same time, it has also brought corresponding challenges to lighting companies including Op Lighting.
It is understood that the current LED lighting industry still has a series of problems such as unclear industry quality standards, incomplete testing systems, many participating manufacturers but non-standard product specifications, and disorderly competition in the market. Many small lighting companies use low-price and low-quality strategies to seize the market, and consumers do not have the professional ability to identify products. Op Lighting said that if these problems cannot be solved, it will be detrimental to the healthy development of the LED industry and will also have an impact on large brand lighting companies such as Op Lighting.
This is the second time Op Lighting has sprinted to the Shanghai Stock Exchange. The reporter learned that the basic information table of initial public offering (IPO) reporting companies published by the China Securities Regulatory Commission shows that Ople Lighting plans to be listed on the Shanghai Stock Exchange, and the review status is "under preliminary review."
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