A shares LED camp greet new forces, light Pu shares tomorrow landing gem

A LED shares of Listed Companies in Xiamen camp will add new light Pu shares (the full name of Xiamen Guangpu electronic Limited by Share Ltd) 4 evening announcement, the company in April 6th will be listed on the Shenzhen Stock Exchange gem shares, Guangpu has thus become the three new board company in Xiamen's first successful switch board of A shares.

Putian shares was founded in December 1994, is one of the earliest companies to enter the LED industry, business chain covering LED lighting, LED packaging, LED backlight module and kit, FPC research and development, production and sales. The company had been listed on the new three board in January 24, 2014, but since the listing has been no actual transaction, in April 2015, light Pu shares began to seek the transfer board.

Raise funds 214 million yuan

Putian shares the amount of the proposed issue of 28 million 950 thousand shares, all new shares issued, without the transfer of the old shares, the issue price of 7.39 yuan / share. The total amount of funds raised for the issue of 213 million 940 thousand and 500 yuan, after deducting the issue costs, net proceeds of 177 million 71 thousand and 100 yuan. The funds raised will be used for LED lighting products expansion projects, R & D center expansion projects, additional liquidity projects and other projects.

Revenue exceeded 300 million last year

According to the prospectus disclosure, 2014-2016, light Pu shares were achieved operating income of 210 million 190 thousand and 900 yuan, 260 million 757 thousand yuan and 320 million 553 thousand and 500 yuan, year-on-year growth rate maintained at 22%; respectively, net profit attributable to shareholders of the parent company was 21 million 614 thousand and 200 yuan, 31 million 114 thousand and 700 yuan, 43 million 26 thousand and 900 yuan, showing a strong profit growth capacity.

According to the prospectus, 2014 to 2016, the issuer of tax incentives, government subsidies, payment of dividends payable to the cumulative net profit effect amounted to 10 million 43 thousand and 200 yuan, 12 million 831 thousand yuan and 11 million 831 thousand and 700 yuan, the amount accounted for the proportion of net profit was 48.18%, 41.25% and 27.50%. With the development of the issuer's main business and profitability, the proportion of tax benefits, government subsidies and dividends payable has decreased year by year.

In recent years, LED lighting, LED packaging and other major products prices showed a downward trend, the company's main operating margin for 2014-2016 years were 31.05%, 31.41% and 30.84%. In the day before at the IPO and listing on the gem on the online roadshow, deputy general manager, Secretary of the board of directors, chief financial officer Yu Zhiwei said, nearly three years, the company LED backlight and accessories business gross profit margin was 22.93%, 30.83% and 33.78%, gross margin increased, mainly due to the high LED backlight reflective plastic frame gross margin rising, pulled up the overall gross profit margin.

In addition, the company expects 2017 first quarter revenues of 77 million 28 thousand yuan to 89 million 861 thousand and 700 yuan, is expected to increase 27.50% to 48.75% over the same period last year, attributable to shareholders of the parent company net profit of 9 million 820 thousand and 900 yuan to 11 million 457 thousand and 800 yuan, is expected to increase over the same period last year 48.27% to 72.98%, after deducting non recurring gains and losses attributable to shareholders of the parent company net profit of 8 million 989 thousand and 100 yuan to 10 million 485 thousand and 200 yuan, is expected to increase 57.88% to 84.16% over the same period last year. (LEDinside, Nicole)

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