New Third Board Xiamen Guangxu plans to “transfer” GEM net profit increased by 33.14%

[Text / high-tech LED Zhao Hui] "Transfer" is undoubtedly a huge temptation for the new three board listed companies, especially the GEM of more than 100 times the price-earnings ratio and the new three board trading is clear contrast.

Under this situation, many new three-board listed companies have begun the turnaround journey, and LED company Xiamen Guangsheng Electronics is also one of them.

Near Sunlight Electronics disclosed the 2015 interim report. According to the financial report data, from January to June 2015, Guangluo's electronic operating income reached 120 million yuan, an increase of 18.39% over the same period of last year; the net profit attributable to the listed company's shareholders was 14.22 million yuan, an increase of 33.14%.

If the non-recurring gains and losses such as government subsidies are deducted, the interim net profit of Guangyu Electronics will increase by more than 50% year-on-year.

According to the data, Optoelectronics is mainly engaged in the research and development, production and sales of LED lighting applications, intelligent lighting systems, LED packaging devices, LED backlight components and FPC. The company mainly uses the direct sales method, independent research and development and design of core products to meet the diversified needs of large customers, and build long-term cooperative relationships. In January 2014, Guangsheng Electronics was listed on the New Third Board.

Guanghao Electronics' main business (sub-products) schedule unit: 10,000 yuan

At present, Guangsheng Electronics focuses on the development of LED lighting products, especially the design and development of LED intelligent lighting control systems, to provide more comprehensive product solutions for different customer needs, and to accumulate large customer resources. Up to now, Guangyu Electronics' domestic sales and overseas market revenues are basically half of each.

On July 3, Guanghao Electronics announced that it had received the “Notice of Acceptance of Administrative Licensing Application of China Securities Regulatory Commission” on July 2, 2015. The application materials for “IPOs listed on the GEM” submitted by the company have been submitted. Accepted by the Securities and Futures Commission. After applying to the National Small and Medium Enterprise Share Transfer System (New Third Board), the company's shares will be suspended from the New Third Board from the date of the opening of the market on July 6, 2015 to the date of the public offering of shares.

According to the IPO company announced on the website of the China Securities Regulatory Commission. At present, the audit status of the IPO of the GEM is shown as “accepted”.

According to the “Xiamen Guangxu Electronics Co., Ltd. GEM Initial Public Offering Prospectus (Draft)”, it is revealed that the company’s public offering on the GEM is not more than 28.95 million shares.

Of the funds raised, 130 million yuan will be used for the expansion of LED lighting products. In addition, 37.91 million yuan will be used for the expansion of the R&D center.

GGII expects that in the second half of 2015, market concentration will further increase, and leading enterprises in various fields will also have more technological advantages and scale effects. With the rapid increase in LED lighting demand, the LED industry will usher in the peak period of development, and the industry chain will enter a new round of expansion and distribution channels to seize more market share.

Optoelectronics seeks to turn the board and undoubtedly hopes to achieve leapfrog development in the golden market of LED lighting in the next three years.

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