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

After years of development, the lighting industry is now in the process of decentralization and concentration. When this, who has the ability to integrate industry chain, who can become industry integration initiative, the market competition status will therefore be compacted and improved.

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.

In today's rapid development of social culture, urban lighting services are no longer providing simple lighting equipment, but lighting as an artistic means of expression, to show the city's characteristics and cultural style. In such market demand and industry development trend, lighting service provider's R & D design and overall solution 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 those enterprises with the ability to integrate the industry chain have the full strength to provide customers with the whole process of urban lighting complete industrial chain, and promote the technological innovation of the industrial chain, and the coordinated development of the various links.

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 total gross profit margin of the company's main business was 31.25%, 32.86% and 31.41% respectively. At present, the domestic listed companies still have no road lighting products sales 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. At the beginning of its establishment, the scope of business was 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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