PHILPS / OSRAM supplier CHENFENG technology landed the Shanghai Stock Exchange, raising 526 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 November 27, 2017, Zhejiang Chen Feng Polytron Technologies Inc (603685) listed on the main board of the Shanghai Stock Exchange formally issued, the issue of a total of 25 million shares, the issue price of 21.04 yuan, the total issued share capital of 100 million shares, this is expected to raise a total of 526 million yuan of funds, the net funds raised 463 million 250 thousand yuan. This offering to raise funds will be used mainly for LED green lighting energy saving, green lighting project components R & D center construction projects and supplement working capital projects.

The use of funds raised

Chen Feng technology was founded in 2001, the main business is the development, structural components of lighting products production and sales, the main products include cap products, LED lighting lamp radiator, metal parts and other products, mainly used in the lighting industry, is a stable supplier of PHILPS, OSRAM and other well-known multinational companies.

According to the review report, 1-9 month operating income was 581 million 196 thousand and 100 yuan in 2017, compared with 2016 growth of 44.73% 1-9 months; 2017 1-9 month net profit attributable to owners of the parent company was 88 million 545 thousand and 700 yuan, compared with 2016 1-9 month growth of 30.60%. The company's revenue and profit level of growth was mainly due to growth in business scale, due to expansion of production and sales. In addition, the company expects 2017 operating in good condition, operating performance compared to the same period last year to maintain growth, 2017 operating income range of 683 million 760 thousand and 200 yuan to 820 million 512 thousand and 200 yuan, compared with the same period last year will increase by between 17.58% and 41.10%; attributable to owners of the parent company net profit range of 104 million 171 thousand and 400 yuan to 125 million 5 thousand and 700 yuan, compared with the same period last year will increase in between from 12.61% to 35.13%.

The 1-9 months of 2017 consolidated profit table

The day before, the chairman and general manager Mr. He Wenjian CHENFENG technology in the initial public offering of A shares online roadshow, the landing A shares market, will be the CHENFENG technology a major leap forward. The company will make full use of the capital market platform, create more opportunities for product innovation and service upgrades, inject more energy for the growth of the company. At the same time, we will take the public as an opportunity to further improve and upgrade the company's operations and management, continuously improve service efficiency, with more excellent performance returns to shareholders and investors, establish a healthy and good image of the listed companies.

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