The door light was listed on April 6th, and the net profit growth in the first quarter exceeded 50%.
On the evening of April 4, Guangsheng Co., Ltd. announced that the “IPO of the initial public offering and listing on the GEM†stated that the 28.89 million shares of the company's initial public offering will be listed and traded on April 6, 2017.
As the first company in the LED lighting industry to successfully transfer from the New Third Board, Guangluo’s “Capital Dream†road has also set an example for LED lighting companies.
On March 27th, Guangsheng Co., Ltd. announced the “Announcement on the Status of Online Pricing and Issuance and the Winning Rate of the Listingâ€; on March 28th, the company issued the “Announcement on the Results of the Online Pricing and Issuing the Lottery†and the “Announcement of the Initial Placing Results under the Net†.
On the evening of April 4, Guanghao shares announced that the company's initial public offering of 28.95 million shares will be listed and traded on April 6, 2017, stock code 300632, stock abbreviation: Guangsheng shares.
The controlling shareholder and actual controller of Guanghao Co., Ltd. are Ms. Lin Ruimei and Mr. Lin Wenkun, and Ms. Lin Ruimei directly holds the company's 34,318,200 shares, accounting for 29.64% of the company's total share capital; Mr. Lin Wenkun directly holds the company's 34,372,200 shares, accounting for 29.69% of the company's total share capital. In addition, Mr. Lin Wenkun also passed the 633.11 million shares of Hengxinyu Investment Control Co., Ltd.
The total amount of funds raised during the issuance was 213,490,500 yuan, and the net proceeds raised after deducting the issuance expenses were 177,710,100 yuan. Number of issuance: 2,895,000 shares, all of which are publicly issued new shares, no transfer of old shares, issue price: 7.39 yuan / share.
It is understood that this fundraising will also be mainly invested in the expansion of LED lighting products.
The company is listed on the New Third Board on January 24, 2014. The company is mainly engaged in the research and development, production and sales of LED packaging, LED application products and FPC flexible circuit boards.
According to the data, the company's 2014-2016 annual revenue was 210 million yuan, 260 million yuan and 320 million yuan respectively, corresponding to the net profit of the shareholders of the parent company was 21,614,200 yuan, 31,114,700 yuan and 4,302,600 yuan.
During the reporting period, the total sales of the top ten customers accounted for about 70% of the operating revenue, and the major customers included TPV, Foxconn, LG, Anda House, GE, Osram, Sandy and so on. According to the light, the LED lighting business, which has the largest revenue and profit contribution of the company, is affected by the overseas market to a large extent, and has great market uncertainty.
In addition, during the reporting period, LED lighting business revenue increased from 53.03 million yuan to 146 million yuan, accounting for 47.42%. The company's LED lighting business mainly includes panel lights, ceiling lamps and light panels. Mainly through the ODM / OEM way, for the international brand OEM LED lighting products.
Another part of the LED packaging business mainly includes LAMP LEDs and SMD LEDs. Some of them are used in the signal light field of displays. The main customers include display manufacturers such as TPV, Foxconn and LG.
Some products integrate the company's LED backlight module and accessory business, mainly used in the backlight field of the display. During the reporting period, the proportion of LED packaging business decreased from 25.36% in 2014 to 18.62% in 2016.
During the reporting period, the gross profit margin of the company's LED lamps decreased from 32.36% in 2014 to 27.28% in 2016, showing a downward trend. Mainly due to fierce competition in the LED lighting market, the unit price of the product showed a downward trend. In 2015 and 2016, the unit price decreased by 29.35% and 19.25%, which was higher than the unit cost. Among them, labor costs increased by 13.57% compared with 2015.
The gross profit margin of LED light source decreased by 6.78 percentage points compared with 2015, mainly due to the increase in the performance of LED bulbs with lower unit price and lower gross profit margin, which lowered the overall product price and gross profit margin.
In terms of labor costs, the company introduced an automated production line for LED bulbs in 2016, which increased production efficiency and diluted some labor and manufacturing costs.
Guanghao shares expects that the first quarter of 2017 operating income will be 77.28 million yuan to 88.617 million yuan, which is expected to increase by 27.50% to 48.75% compared with the same period of last year.
The net profit attributable to shareholders of the parent company was RMB 98.209 million to RMB 11.455 million, which is expected to increase by 48.27% to 72.98% compared with the same period of last year. After deducting non-recurring gains and losses, the net profit attributable to shareholders of the parent company is RMB 89.891 million to RMB 10,482. Compared with the same period of last year, it increased by 57.88% to 84.16%.
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