Outdoor lighting company Yaotai Co., Ltd. plans to be listed on the Beijing Stock Exchange

On February 18, Yaotai Co., Ltd. held the eighth meeting of the first board of directors, reviewed and approved relevant proposals, and planned to publicly issue shares to unspecified qualified investors and list them on the Beijing Stock Exchange. The company plans to issue no more than 20,500,000 shares (excluding over-allotment options). If the over-allotment option is used, the number of shares issued will not exceed 3,075,000 shares. Including the over-allotment option, the number of shares issued will not exceed 23,575,000 shares.

The funds raised by Yaotai Co., Ltd. are planned to be used for the company's R&D center construction project, the technological transformation project of the LED intelligent lighting equipment production line with an annual output of 1.5 million units, the Thailand intelligent lighting lamp production base construction project, and the supplementary working capital project.

Information shows that Yaotai Co., Ltd. has focused on the research and development, design, production and sales of outdoor lighting since its establishment in 2006. Yaotai Co., Ltd. has integrated technologies such as Internet of Things, lighting control, wireless communication and portable energy storage into lighting products, forming four major product series: courtyard lighting, intelligent lighting, solar lighting and task lighting. In September 2024, Yaotai Co., Ltd. Listed on the board.

In terms of performance, in 2022, Yaotai Co., Ltd. achieved operating income of 493 million yuan, net profit attributable to shareholders reaching 41.53 million yuan, and a gross profit margin of 35.20%. By 2023, Yaotai Co., Ltd. will achieve operating income of 490 million yuan, net profit attributable to shareholders increased to 60.85 million yuan, and gross profit margin also increased to 43.10%.

It is worth mentioning that in 2023, Yaotai's overseas revenue accounted for 96.44%, with a revenue of 472 million yuan. Its products are mainly sold to North America and European markets.

Through the development of ODM and private brand models, Yaotai's products have successfully entered the offline sales channels of well-known large retailers such as Costco, Mastar, Leroy Merlin and other well-known large retailers. At the same time, it has also deployed online sales platforms such as Amazon, Tmall, and SHOPIFY.

In addition, Yaotai's products have entered the supply chain systems of world-renowned building materials and supplies retailers and brands such as ADEO, LOWE'S, HOMEDEPOT, KINGFISHER, and STEINEL. (Compiled by LEDinside)