A lighting company successfully landed the Shanghai Stock Exchange, intends to raise about 236 million

Lighting industry after years of development, is now in the process of decentralization to centralization. At this time, who has the ability to integrate the industry chain, who can become the active integration of the industry, the market competition status will thus be compacted and upgrade.

In June 21, 2017, the domestic leading enterprises of China Science and technology city lighting on the Shanghai stock exchange board, intends to raise about 236 million yuan for city lighting system technical renovation and expansion project construction.

The technology is mainly engaged in city lighting project planning and design, product development and manufacturing, project installation, operation management and maintenance services to the four business, more than 80% of the company's revenue comes from the road lighting products R & D and manufacturing business.

With the rapid development of the social culture today, city lighting lighting equipment to provide service is no longer simple, but by lighting as the means of artistic expression, show the city's characteristic and cultural style. In the development of this market demand and industry trends, research design and overall scheme of lighting service solving ability is particularly important.

But at present, due to personnel, financial and technical constraints, the vast majority of domestic city lighting services enterprises still remain in the "run shop" type of manual workshop stage, a link only engaged in the industrial chain, and even part of the processing of a chain, companies generally small scale, the homogenization of competition leads to a generally low level of profitability.

Huati technology will focus on technological innovation and diversified development, the company has acquired the installation, lighting design, Eagle CLS three companies, the main business will be extended to the installation, design, product development and manufacturing etc.. At the same time, China has also set up a technology research and Technology Center special, the research focused on application technology, city lighting and lighting products, intelligent lighting control system, and with Sichuan University, Southwest Jiao Tong University and many other colleges and universities have a cooperative relationship, the completion of the project including LED lighting products, intelligent lighting management system multi function, including the number of poles, the corresponding technologies are at the leading domestic level.

From the point of view of industry trends, large-scale promotion of representative industry foreground customization, LED and intelligent control system, and is widely used in the operation and management of maintenance outsourcing, EMC mode, requires a lot of talent, capital and technology reserves. Only have the ability to integrate the industry chain enterprises, to service the whole process of city lighting strength to provide customers a complete industrial chain, industrial chain to promote technological innovation, and the link between the collaborative development.

Statistics show that China has formed a set of technology including: pre consultation, design, lighting planning and design, technical support, product development and manufacturing, project installation, maintenance, street management, contract energy management, intelligent lighting management technology of personalized service chain, according to the individual needs of customers to provide high value-added products. 2014-2016, the company achieved total revenue: 360 million yuan, 370 million yuan, 410 million yuan over the same period; the net profit attributable to the parent company: 35 million 570 thousand yuan, 42 million 560 thousand yuan, 48 million 70 thousand yuan, the scale of revenue and profitability are holding steady growth.

Due to the high degree of customization, huati technology to maintain a good level of gross profit in recent years. During the reporting period, the company's main business gross margin was 31.25%, 32.86%, 31.41%. At present, the domestic listed companies is still not in road lighting products in the main business of the company. Comparable listed companies in the same industry uomnilamp, KingSun shares, respectively engaged in lighting engineering construction, light source and light source module in different segments of the business, the gross profit level and the average value of the technology industry was essentially flat.

Huati technology was founded in 2004. The company was first established, the business scope mainly concentrated in Sichuan province. Since 2014, China Science and technology increase the foreign market development efforts, has begun to undertake lighting sales markets in Yantai, Dalian, Tibet, Yanan, Beijing and other regions. 2014-2016, Sichuan Province, China Science and technology business accounted for 24.55% of total revenue, 29.92%, 46.42%.

Prospectus shows that about 236 million yuan of funds raised from the listing huati technology will be mainly used for city lighting system technical renovation and expansion, research and design center construction, marketing network construction three projects and add liquidity. After the commissioning of fund-raising project, China Science and technology industrial chain technological innovation ability, and the synergistic effect of the various business segments will be further enhanced, the company dominant position in the industry will further consolidate.

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