Huati lighting update prospectus, in 2016 to achieve a net profit of more than 48 million

In March 2nd, Sichuan huati lighting Polytron Technologies Inc listed in the latest progress, the pre disclosure update "IPO prospectus", the Commission is expected in the near future or will audit Sichuan huati lighting the first application. It is understood that, as early as July 3, 2015, Sichuan huati lighting for the first time disclosed the IPO prospectus, intends to apply for listing in shanghai.

Sichuan huati lighting the latest prospectus, 2014, 2015 and 2016 respectively, operating income of 360 million 717 thousand and 900 yuan, 370 million 887 thousand and 400 yuan and 408 million 55 thousand and 400 yuan, net profit attributable to owners of the parent company was 35 million 569 thousand and 300 yuan, 42 million 558 thousand and 700 yuan and 48 million 65 thousand and 600 yuan.

The main business of city lighting lighting in the field of planning and design, product development and manufacturing, installation and operation of the project management and maintenance services, in 2016, the main business revenue reached 402 million 762 thousand and 200 yuan, accounting for 98.7% of total revenue, in 2014 and 2015, its main business is more than 98% respectively. The lighting in the main business, operating income of big business is mainly landscape lighting, road lighting, project installation and communication tower and other non lighting products etc..

It is understood that Sichuan huati lighting of the proposed public offering of shares of not more than 25 million shares, and the number of new shares issued and the old shares public offering and the number of the total share capital of the issuing company ratio of not less than 25%. The raised funds operations will be launched around the company's main business, focus on improving the company's R & D capability and product technology level, expand business scale, improve the structure of assets and liabilities, to further enhance the company's core competitiveness.

Lighting China intends to raise funds investment projects and the use of the program are: 1, city lighting system technical renovation and expansion project, a total investment of 99 million 308 thousand and 700 yuan; 2, R & D and design center construction project, a total investment of 38 million 579 thousand and 600 yuan; 3, the marketing network construction projects with a total investment of 28 million 768 thousand and 100 yuan; 4 to supplement working capital 60 million yuan. Statistics show that Sichuan huati lighting was founded in 2004 by the Sichuan China Light Industry Limited company set up the overall change, after several capital registered capital and equity change, until May 2012, the registered capital increased to 12 million 58 thousand yuan.

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