What is the confidence for Absen’s single-share listing?

Absen’s listing did not have the support of “rich dad” nor did it catch up with the good opportunity of “the initial application was accepted”. Instead, it took eight years of hard work and it can be said that it “came out after a long time.” However, there is a saying that makes sense, things that grow slowly are always better. Absen's listed stocks have been falling after hitting the daily limit for several days. As a single-stock listing, where is Absen's confidence? Let’s take a look at Absen’s growth history. 　
Step by Step On September 18, 2001, in a small house of less than 20 square meters in Meilin, Shenzhen, Shenzhen Absen Industrial Co., Ltd. was established by a trio led by Chairman Ding Yanhui, with a registered capital of only 100,000 yuan. At the same time, the basic contents of Absen's culture - corporate spirit, talent standards and reputation concept were born in the most difficult days.
In December 2002, Absen moved to Bagualing, Shenzhen. At this time, Absen's registered capital had increased to 1 million yuan.
In September 2003, Absen moved to Jindi Industrial Zone, and the office area increased to 350 square meters. By the end of the year, the company's annual sales exceeded 3 million yuan.
In 2004, Absen undertook the three-in-one indoor full-color project of the Zhuhai Municipal Public Security Bureau. The company moved to an industrial city, the business area expanded to 2,000 square meters, and the annual sales exceeded the 10 million yuan mark.
In March 2005, Absen signed the indoor full-color project of Zhuhai Inspection and Quarantine Bureau. In June, Absen's first international display screen project was installed in Iran. Subsequently, it received a batch of international orders from Saudi Arabia, and the company's sales increased to 15 million yuan. While Absen continues to grow and expand, it never forgets to give back to the society and donates to Lanshi Primary School in Lulan Town, Huizhou City.
In 2006, after the products produced in Absen became increasingly mature, some products passed CE and ROSH certification, and the product obtained its first patent. We undertook a 250-square-meter outdoor full-color display project for Arab News and a 300-square-meter outdoor full-color display project for Sudan Telecom. At the same time, we obtained the right to independent import and export. In the same year, Absen was rated as a "Shenzhen High-tech Enterprise" by the Shenzhen Science and Technology Bureau. This year, Absen increased its capital and shares by 5 million yuan, has more than 100 employees, sales exceeded 50 million yuan, and its products are exported to more than 40 countries and regions around the world.
In 2007, the "Product Implementation Standards of Shenzhen Absen Industrial Co., Ltd." was reviewed and approved by the Shenzhen Municipal Bureau of Quality and Technical Supervision, and the foreign exchange earned from exports exceeded the US$5 million mark. The company invested 10 million yuan to establish an LED business department and put into large-scale production of LED light-emitting diodes. Absen won the title of "Quality Chinese Supplier for Import and Export at the Canton Fair". The company has implemented a shareholding system reform, and 36 employees hold equal shares in the company's accounting system. Absen's "Golden Triangle of Value" was born. Absen products have obtained three more national patents. The products are exported to more than 60 countries and regions around the world, with sales exceeding 100 million yuan, and registered capital increased to 10 million yuan. In 2008, the total sales target of 300-500 million yuan was officially determined, and the "ISO9000 quality management system certification" project was officially launched.
In 2008, the global financial crisis came unexpectedly. In the baptism of this storm, Absen achieved growth against the trend, and its products continued to be exported to more than 80 countries and regions around the world. The company completed the strategic planning consulting project from May to October. Not only did it achieve a 32% year-on-year growth in sales performance at home and abroad, but more importantly, Absen made great efforts to improve its internal strength during the crisis.
In 2009, Absen's domestic and overseas sales achieved greater breakthroughs, with products sold to more than 90 countries around the world, including the United States, Japan, Germany, and the United Kingdom, and covering 31 domestic provinces, municipalities, and autonomous regions. Absen's factory is evaluated by customers as the best-managed factory in the industry. The production and sales lines, service lines, quality lines, product lines, and management lines are constantly being opened up and optimized. Absen successfully passed ETL and national 3C certification, completed the re-certification of ISO9001 (2008 version), and won the "Brand China Golden Spectrum Award", "Industry Promotion Export Enterprise Award", and was named "21st Century Future Star in 2009" by "Chinese Entrepreneur".
In 2010, Absen established the LED Lighting Division to position itself as a solution provider for commercial lighting and build "two wings and one support" with LED display, lighting and packaging as the core.
In the process of development and growth, Absen did not follow the trend of mergers and acquisitions in the industry. Instead, it made full use of its own advantages and made cross-border LED lighting. On the one hand, it avoids the worries of companies fighting for power and profit during integration, and on the other hand, it also opens up the LED business.
Absen has grown from three people at the beginning to more than 300 people; from the initial production and operation area of ​​20 square meters to 12,000 square meters; from Mr. Ding Yanhui's solo trip to Arabia in 2005 to develop the international market in the hinterland of the desert, to Absen's conquering of overseas markets, and the establishment of subsidiaries in the United States and Germany. Absen relies on its own efforts to make steady progress step by step, insisting on building quality with professionalism and winning the future with integrity.
At present, the LED products developed, produced and sold by the company are widely accepted by the market, and its overseas market share ranks among the top among domestic peers. Culture wins In 2008, under the impact of the global financial crisis, Absen was still able to grow against the trend. Its products are sold in more than 90 countries around the world, and its performance has grown rapidly. For a time, various speculations and rumors about Absen spread. Some people say that Absen is a German company with strong capital strength, while others say that Absen is a state-owned enterprise with government background. Later, Chairman Ding Yanhui said: "Actually, Absen is a company that relies on culture to win." 　Corporate culture is the foundation for the long-term development of an enterprise. Resources can be exhausted, but only culture can survive. Chairman Ding once said that culture is ultimately a kind of spirit. A team without spirit is a ragtag group of soldiers. It is easy to win over people but difficult to form a team. If we do not have a common understanding and identity about money, integrity, career, life, society, and everything in the universe, and do not have a set of values, then Absen will be like thousands of small and medium-sized private enterprises, and we will not be able to see today's achievements.
Integrity means being honest and trustworthy. Integrity cannot rely on strength and skills, but must rely on inner quality and consciousness. Integrity is a kind of capital, and it is capital that cannot be exchanged for gold. It is the embodiment of moral character and talent. Absen requires every Absen employee to have a grateful heart, learn to be responsible, dare to take responsibility, and be responsible for their own actions and results.
In this regard, Ren Yonghong, managing director of Absen, said in the article "Work deeply and run a arduous marathon", "...This is also a position that we cannot give up under any circumstances, including damage to interests and even life-threatening. It is precisely because of this that we have our talent strategy: to build a like-minded team and achieve a great cause... We are determined: to do only one thing in our life, and to be number one in the world.
​…If we want to have this kind of ideal and this orientation, we have to calm down, start from scratch, work conscientiously, and be down-to-earth. There can be no opportunistic thoughts, no luck, no rush for success, no quick success, let alone haphazard or quick work. ”
With such a spirit of hard work and self-improvement, what if there is no "backer"? Even if it encounters setbacks, why not be afraid? Looking back on the past, most of the members of their team were born in poverty. But the hard work experience of that generation made them more determined and calm when faced with crises; more calm and sober when opportunities came; and more humble and grateful when they achieved results. As stated in the article: "We do not seek perfection, but seek quick success. When we make a project, it is a model. With a project as the starting point and a region as the starting point, if we work hard and work hard, a single spark can start a prairie fire. We believe: time can prove everything. ”