A shares LED camp welcomes the new army, light Pu shares landing gem tomorrow

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.

Founded in December 1994, is one of the first companies to enter the LED industry, the business chain covers LED lighting, LED packaging, LED backlight modules and accessories, FPC R & D, production, sales. The company was listed on the new board in January 24, 2014, but there has been no real deal since the listing, in April 2015, the shares began to seek light Pu shares.

Raise funds 214 million yuan

The number of shares to be issued shares 28 million 950 thousand shares, all of the shares issued, the transfer of the old shares, the issue price of $7.39 / share. The total amount of funds raised for the issue of 213 million 940 thousand and 500 yuan, net proceeds after deducting the issue fee of $177 million 71 thousand and 100. The raised funds will be used to expand the production of LED lighting products, R & D center expansion projects, such as supplementary liquidity projects.

Revenue over 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 main business of the issuer and the enhancement of profitability, the proportion of tax incentives, government subsidies and dividends payable to the current net profit decreased year by year.

In recent years, LED lighting, LED packaging and other major product prices showed a downward trend, the company's main business gross profit margin was 31.05%, 2014-2016 and 30.84%, respectively, in. 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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