——Interview with Chai Guosheng, Chairman and General Manager of Shelley Optoelectronics
October 25, 2006, Shenzhen Stock Exchange.
Chairman Chai Guosheng and five other high-level people ringed the "Baozhong" of the exchange. At this moment, the third domestically listed stock in the Lighting industry was officially unveiled.
Guangdong Snowlight Optoelectronics Technology Co., Ltd. (stock code 002076) successfully landed in the capital city. This is the third lighting company listed on the domestic securities market after Foshan Lighting and Zhejiang Sunshine, and the first private technology listed on the Shenzhen Stock Exchange. Lighting company.
It took only 20 months for Shell Wright to be listed from the listing plan to the successful listing, which was called “amazing speed†by securities experts. Why is it so fast to enter the market? After the listing of funds raised, what projects will Shelley seek new development? Mr. Chai Guosheng, the chairman of the company who has always been low-key, told this reporter about the new plan for the market after he went public.
Low-key listing
Reporter: The successful listing of Shellett shows that Shelley has grown from a purely private enterprise to a public enterprise, and has the strength to compete with foreign well-known companies in market competition and product cooperation. The current market value has reached more than 30. 100 million yuan. Why did you think of listing at the time?
Chai Guosheng: Generally speaking, listed companies achieve two main purposes through listing: First, they raise funds through listing, expand investment, and seek for further development. Second, through the listing, the company has entered the track of modernization and corporate governance. As far as our Sheilaite company is concerned, before the launch, Shellett has a unique technological advantage in the field of light source. The production technology of energy-saving lamps has reached the world's advanced level. The core light source such as “one big one oblique†– high power energy saving The rocket launcher and small pipe diameter "small brighter" have been leading the development of energy-saving lamps. Especially after 2004, Snow Wright has entered a rapid growth period, and has made breakthroughs in the research and development and production of lighting products. Products with high technological content and market potential are in urgent need of production and expansion. Therefore, how to transform technology, knowledge and technology into productive products and valuable products is a problem we have to solve. We hope to complete this transformation through listing. Moreover, if we want to make Shelle a world-class lighting company, we must connect with the world in all aspects of corporate management. By listing, we can help companies achieve this goal.
Listing speed creates miracles
Reporter: How long did Shelley spend from the listing plan to the preparation and then the successful listing?
Chai Guosheng: It took us only 20 months to complete all the planning work before the listing, creating an amazing speed for the company to go public. On March 17, last year, we submitted an application for listing to the China Securities Regulatory Commission. On July 12, we passed the audit of the audit committee, which lasted for 3 months and 25 days, creating a record in the Chinese capital market at that time. Since the implementation of the sponsorship system, it has been reported from the materials to the private enterprises with the shortest time.
Reporter: Many lighting companies are eager to land in the capital operation market, but they have not been able to achieve it smoothly. Why did Sheller complete the entire process from the adjustment of the shareholding structure to the successful listing in the Shenzhen Stock Exchange in a short period of time, creating a miracle in the SME board of the Shenzhen Stock Exchange?
Chai Guosheng: If an enterprise wants to go public, it must require enterprises to standardize operations in accordance with the "Company Law", "Securities Law" and other laws and regulations, and meet the listing standards. We can complete the equity restructuring to the whole process of listing in such a short period of time. There are several reasons for this: First, since the establishment of Shell, the business has been relatively standardized, the structure is relatively healthy, and the ownership structure is clear. Second, the company has a fast growth rate and continuous performance. Excellent for many years and very profitable. From 2003 to 2005, the company achieved a net profit of 6.41 million yuan, 2007 million yuan, and 31.27 million yuan, respectively. The third is that the light source industry is a national policy-oriented industry, and the prospects are generally optimistic, and so on. A number of favorable factors have made Shellett quickly complete the process.
Unite and forge ahead to share
Reporter: In the current shareholding structure of Shelllight Optoelectronics, many executives and backbones hold shares. What is the significance of doing this?
Chai Guosheng: Part of the company is an important backbone of the company, such as the secretary of the board of directors, engineers, etc.; and some of the old employees who have been following the company's growth, they have worked hard for the development of Snowlight (formerly Huaxing Optoelectronics). Snow Wright has always advocated "unity and insufficiency. Everyone unites and forge ahead to do business, fight the world, and share the success of the cause."
Raise funds to seek new development
Reporter: After you raise these funds, what are you going to invest in?
Chai Guosheng: At that time, the plan was: If the stock is successfully issued, the total amount of funds raised after deducting the issuance expenses, the net proceeds will be invested in the following projects: 1. Investing 140 million yuan for the series of vehicle helium metal halide discharge lamps and Supporting electronic ballast technology transformation project; 2. Investing 50 million yuan to carry out technical transformation project of energy-saving lamp automatic production line; 3. Investing 30 million yuan for high-intensity long-life UV lamp and supporting electronic ballast technology transformation project. The total investment of these proposed investment projects is 220 million yuan.
Reporter: Obviously, these three projects are the core competitiveness of Shelllight Optoelectronics. After the listing, have you raised 220 million yuan of your plan? Are all three projects on schedule?
Chai Guosheng: The listing was very smooth and we raised the expected amount of funds. Now we are progressing smoothly on these three projects, which will further enhance the profitability of Shelllight Optoelectronics and enhance the future competitiveness of the Shell.
Reporter: What kind of planning do you have for the future 3-5 years of Snowlight Optoelectronics? Chai Guosheng: The listing of Shellett has enabled the company to leap into a new development platform, which will bring strong development momentum to the company. Snow Wright will take the listing as a new development opportunity, formulate a new vision strategic plan, and promote the organic combination of industrial operation and capital management in a steady and rapid manner, and strive to make Shelly continue to expand its technological innovation advantages in the field of electric light source, and can make snow Wright brand has become one of the most influential brands in China's lighting industry: in 3-5 years, the quality of compact energy-saving lamps and electronic ballasts has reached the international advanced level; become the world's largest hid car light and UV Lamp production and R&D base; the company's “Guangdong Special Light Source Engineering Technology Research and Development Center†has been built into a national-level technology research and development center.
Reporter: I would like to wish Snowlight Optoelectronics all the way in the capital market, and I wish the Sunlight Optoelectronics business to flourish. Thank you, Chai Dong for accepting this newspaper interview!
Third party perspective
Ranked 12th in the Top 100 List of Market Value Management of Chinese Listed Companies in 2006
On May 26, 2007, “2006 Top 100 Market-Oriented Management of Chinese Listed Companies†was announced at the “First China Listed Companies Market Value Management Forumâ€, and Shelley was ranked 12th.
â– Listed company market value management research center experts talk about market value 100 best list
The selection system of the 2006 China Listed Companies' Market Value Management Top 100 list includes three aspects: value creation, value realization and value relevance, with weights of 30%, 50% and 20% respectively. Many people think that some of the better listed companies are not selected. Our preliminary analysis mainly includes the following situations.
First, the value creation ability of listed companies is strong, but the market performance is general, that is, the intrinsic value is not fully revealed. Second, the market performed well, but the value creation ability was not good, that is, there was a serious deviation between the market performance and the intrinsic value, and there was a bubble component. Third, if traditional evaluation indicators such as earnings per share and return on net assets are used, some listed companies are excellent companies, but we have introduced capital cost indicators in this selection, so some listed companies with heavy assets will not score well. ideal. Fourth, nearly half of the 16 evaluation indicators in our selection system are growth indicators. Therefore, although some listed companies have good indicators, the growth performance in the past three years is average, which will affect its overall score.
â– The first venture securities expert commented on Snow Wright
Our analysis believes that Shelllight Optoelectronics has some advantages in industry and business operations: First, the company mainly produces energy-saving lighting electrical products, which has long been the field of national industrial policy and energy policy encouragement development, with the increasing requirements of global energy conservation. To improve, Shellett will face rare development opportunities; second, its independent innovation capability and research and development capabilities are leading in the industry, which will help to further enhance its market competitiveness and will bring more lucrative profits to the company; Third, there were few financing channels before the listing, and the funds needed for business development were basically solved through self-owned funds and bank loans, which restricted the rapid development of the company and the further expansion of business scale to a certain extent. However, after successfully issuing shares and going public, Shellett obtained funds from the capital market to meet the needs of various business developments and beneficially improve the company's financial structure.
1
October 25, 2006, Shenzhen Stock Exchange.
Chairman Chai Guosheng and five other high-level people ringed the "Baozhong" of the exchange. At this moment, the third domestically listed stock in the Lighting industry was officially unveiled.
Guangdong Snowlight Optoelectronics Technology Co., Ltd. (stock code 002076) successfully landed in the capital city. This is the third lighting company listed on the domestic securities market after Foshan Lighting and Zhejiang Sunshine, and the first private technology listed on the Shenzhen Stock Exchange. Lighting company.
It took only 20 months for Shell Wright to be listed from the listing plan to the successful listing, which was called “amazing speed†by securities experts. Why is it so fast to enter the market? After the listing of funds raised, what projects will Shelley seek new development? Mr. Chai Guosheng, the chairman of the company who has always been low-key, told this reporter about the new plan for the market after he went public.
Low-key listing
Reporter: The successful listing of Shellett shows that Shelley has grown from a purely private enterprise to a public enterprise, and has the strength to compete with foreign well-known companies in market competition and product cooperation. The current market value has reached more than 30. 100 million yuan. Why did you think of listing at the time?
Chai Guosheng: Generally speaking, listed companies achieve two main purposes through listing: First, they raise funds through listing, expand investment, and seek for further development. Second, through the listing, the company has entered the track of modernization and corporate governance. As far as our Sheilaite company is concerned, before the launch, Shellett has a unique technological advantage in the field of light source. The production technology of energy-saving lamps has reached the world's advanced level. The core light source such as “one big one oblique†– high power energy saving The rocket launcher and small pipe diameter "small brighter" have been leading the development of energy-saving lamps. Especially after 2004, Snow Wright has entered a rapid growth period, and has made breakthroughs in the research and development and production of lighting products. Products with high technological content and market potential are in urgent need of production and expansion. Therefore, how to transform technology, knowledge and technology into productive products and valuable products is a problem we have to solve. We hope to complete this transformation through listing. Moreover, if we want to make Shelle a world-class lighting company, we must connect with the world in all aspects of corporate management. By listing, we can help companies achieve this goal.
Listing speed creates miracles
Reporter: How long did Shelley spend from the listing plan to the preparation and then the successful listing?
Chai Guosheng: It took us only 20 months to complete all the planning work before the listing, creating an amazing speed for the company to go public. On March 17, last year, we submitted an application for listing to the China Securities Regulatory Commission. On July 12, we passed the audit of the audit committee, which lasted for 3 months and 25 days, creating a record in the Chinese capital market at that time. Since the implementation of the sponsorship system, it has been reported from the materials to the private enterprises with the shortest time.
Reporter: Many lighting companies are eager to land in the capital operation market, but they have not been able to achieve it smoothly. Why did Sheller complete the entire process from the adjustment of the shareholding structure to the successful listing in the Shenzhen Stock Exchange in a short period of time, creating a miracle in the SME board of the Shenzhen Stock Exchange?
Chai Guosheng: If an enterprise wants to go public, it must require enterprises to standardize operations in accordance with the "Company Law", "Securities Law" and other laws and regulations, and meet the listing standards. We can complete the equity restructuring to the whole process of listing in such a short period of time. There are several reasons for this: First, since the establishment of Shell, the business has been relatively standardized, the structure is relatively healthy, and the ownership structure is clear. Second, the company has a fast growth rate and continuous performance. Excellent for many years and very profitable. From 2003 to 2005, the company achieved a net profit of 6.41 million yuan, 2007 million yuan, and 31.27 million yuan, respectively. The third is that the light source industry is a national policy-oriented industry, and the prospects are generally optimistic, and so on. A number of favorable factors have made Shellett quickly complete the process.
Unite and forge ahead to share
Reporter: In the current shareholding structure of Shelllight Optoelectronics, many executives and backbones hold shares. What is the significance of doing this?
Chai Guosheng: Part of the company is an important backbone of the company, such as the secretary of the board of directors, engineers, etc.; and some of the old employees who have been following the company's growth, they have worked hard for the development of Snowlight (formerly Huaxing Optoelectronics). Snow Wright has always advocated "unity and insufficiency. Everyone unites and forge ahead to do business, fight the world, and share the success of the cause."
Raise funds to seek new development
Reporter: After you raise these funds, what are you going to invest in?
Chai Guosheng: At that time, the plan was: If the stock is successfully issued, the total amount of funds raised after deducting the issuance expenses, the net proceeds will be invested in the following projects: 1. Investing 140 million yuan for the series of vehicle helium metal halide discharge lamps and Supporting electronic ballast technology transformation project; 2. Investing 50 million yuan to carry out technical transformation project of energy-saving lamp automatic production line; 3. Investing 30 million yuan for high-intensity long-life UV lamp and supporting electronic ballast technology transformation project. The total investment of these proposed investment projects is 220 million yuan.
Reporter: Obviously, these three projects are the core competitiveness of Shelllight Optoelectronics. After the listing, have you raised 220 million yuan of your plan? Are all three projects on schedule?
Chai Guosheng: The listing was very smooth and we raised the expected amount of funds. Now we are progressing smoothly on these three projects, which will further enhance the profitability of Shelllight Optoelectronics and enhance the future competitiveness of the Shell.
Reporter: What kind of planning do you have for the future 3-5 years of Snowlight Optoelectronics? Chai Guosheng: The listing of Shellett has enabled the company to leap into a new development platform, which will bring strong development momentum to the company. Snow Wright will take the listing as a new development opportunity, formulate a new vision strategic plan, and promote the organic combination of industrial operation and capital management in a steady and rapid manner, and strive to make Shelly continue to expand its technological innovation advantages in the field of electric light source, and can make snow Wright brand has become one of the most influential brands in China's lighting industry: in 3-5 years, the quality of compact energy-saving lamps and electronic ballasts has reached the international advanced level; become the world's largest hid car light and UV Lamp production and R&D base; the company's “Guangdong Special Light Source Engineering Technology Research and Development Center†has been built into a national-level technology research and development center.
Reporter: I would like to wish Snowlight Optoelectronics all the way in the capital market, and I wish the Sunlight Optoelectronics business to flourish. Thank you, Chai Dong for accepting this newspaper interview!
Third party perspective
Ranked 12th in the Top 100 List of Market Value Management of Chinese Listed Companies in 2006
On May 26, 2007, “2006 Top 100 Market-Oriented Management of Chinese Listed Companies†was announced at the “First China Listed Companies Market Value Management Forumâ€, and Shelley was ranked 12th.
â– Listed company market value management research center experts talk about market value 100 best list
The selection system of the 2006 China Listed Companies' Market Value Management Top 100 list includes three aspects: value creation, value realization and value relevance, with weights of 30%, 50% and 20% respectively. Many people think that some of the better listed companies are not selected. Our preliminary analysis mainly includes the following situations.
First, the value creation ability of listed companies is strong, but the market performance is general, that is, the intrinsic value is not fully revealed. Second, the market performed well, but the value creation ability was not good, that is, there was a serious deviation between the market performance and the intrinsic value, and there was a bubble component. Third, if traditional evaluation indicators such as earnings per share and return on net assets are used, some listed companies are excellent companies, but we have introduced capital cost indicators in this selection, so some listed companies with heavy assets will not score well. ideal. Fourth, nearly half of the 16 evaluation indicators in our selection system are growth indicators. Therefore, although some listed companies have good indicators, the growth performance in the past three years is average, which will affect its overall score.
â– The first venture securities expert commented on Snow Wright
Our analysis believes that Shelllight Optoelectronics has some advantages in industry and business operations: First, the company mainly produces energy-saving lighting electrical products, which has long been the field of national industrial policy and energy policy encouragement development, with the increasing requirements of global energy conservation. To improve, Shellett will face rare development opportunities; second, its independent innovation capability and research and development capabilities are leading in the industry, which will help to further enhance its market competitiveness and will bring more lucrative profits to the company; Third, there were few financing channels before the listing, and the funds needed for business development were basically solved through self-owned funds and bank loans, which restricted the rapid development of the company and the further expansion of business scale to a certain extent. However, after successfully issuing shares and going public, Shellett obtained funds from the capital market to meet the needs of various business developments and beneficially improve the company's financial structure.
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