Following xinruida, recently, two related enterprises in the LED industry plan to be listed on the gem. According to the CSRC, the gem IPO of Shenzhen Guangxiang Technology Co., Ltd. (hereinafter referred to as "Guangxiang technology") has entered the sprint stage, and the listing guidance of Shenzhen Ming Microelectronics Co., Ltd. (hereinafter referred to as "Ming microelectronics") has been completed.
Founded in 2006, Guangxiang technology is headquartered in Shenzhen and has offices in Beijing, Shanghai and other cities. It is mainly engaged in indoor and outdoor full-color LED display screens and rental screens. At present, Guangxiang technology has a wholly-owned subsidiary, HK gloss limited , Guangxiang Hong Kong wholly controls glossine USA Inc and glossine B.V. the prospectus shows that Guangxiang technology plans to issue no more than 16.0875 million shares to the public, and no less than 25% of the total share capital of the company after this offering. This offering will raise 631 million yuan to invest in LED display expansion and other projects. In 2017, 2018 and 2019, Guangxiang technology achieved revenue of 589 million yuan and 7.7 million yuan respectively The net profit was 39.45 million yuan, 42.47 million yuan and 108 million yuan respectively. The revenue and net profit increased year by year. Among them, the sales revenue of LED display screen accounted for more than 98% in each year. In addition, the proportion of overseas sales in the company's main business revenue in each year was 37.20%, 43.36% and 44.49% respectively.
According to the different pixel spacing of LED display screen, Guangxiang technology divides the display screen products into four categories: below P3, P3-P4, p4-p5 and above P5. At present, the company has built 6 LED display screen assembly lines.
The raised funds will be used for 80000 square meters of mobile LED display expansion project, R & D and experimental center construction project, mobile LED display marketing network construction project and supplementary working capital project. Among them, 80000 square meters of mobile LED display production capacity will be added after the 80000 square meters of mobile LED display expansion project is completed. In addition, through the mobile LED display marketing network For the project, Guangxiang technology will establish media operation centers integrating office, exhibition, storage and after-sales in overseas countries or regions such as the East Bank of the United States, the West Bank of the United States, Italy, the Netherlands, the Middle East, South Korea, India and South Africa, as well as domestic cities such as Beijing, Shanghai, Wuhan and Chongqing.
According to Guangxiang technology, all the investment projects of the raised funds belong to or serve the company's main business. The main purpose of the implementation of the raised investment project is to consolidate and expand the company's current main business, further expand the company's market share in the field of LED display screen and consolidate the advantageous position in the industry. Guangxiang technology said that in the future, the company will further break through small spacing, mini / micro led and different technologies For technical difficulties such as screen, expand production capacity, improve the automation and intelligence level of the production base, further optimize the production process and consolidate the advantageous position of the industry. At the same time, the company will expand the business model by virtue of the accumulated industry reputation and customer resource channel advantages. On the one hand, the company will horizontally broaden the product lines such as lighting and sound, and provide one-stop performance equipment and technical services; on the other hand We will vertically extend the industrial chain, carry out leasing services, establish regional media operation centers at home and abroad, promote and shape brand image, and reserve mobile LED display resources. On this basis, we will further meet the needs of customers in the field of culture and media, and establish a service network covering areas with intensive cultural and sports activities all over the world.
Ming microelectronics has made a three-time sprint to the capital market, and the listing guidance has been completed
Ming microelectronics was founded in 2003, focusing on the research and development of power management, LED lighting and LED display driver chips. According to the counseling filing report, CSC securities and Ming microelectronics signed an agreement on January 15, 2020 Guidance agreement between Shenzhen Ming Microelectronics Co., Ltd. and CSC Securities Co., Ltd. on the initial public offering and listing of Shenzhen Ming Microelectronics Co., Ltd , submitted the counseling filing materials to Shenzhen regulatory bureau on January 17, 2020. On January 21, 2020, Shenzhen Regulatory Bureau officially accepted the counseling filing application. Up to now, the scheduled work plan has been completed. According to ledinside's previous reports, Ming microelectronics has sprint into the capital market twice, this is the third time. On January 12, 2011, Ming microelectronics officially accepted Guoxin Guidance on the listing of securities; on February 16, 2012, the CSRC announced that Ming microelectronics had terminated the review. The reason given by Ming microelectronics was that the performance in 2011 did not meet expectations and the market was not optimistic, so the company voluntarily withdrew its listing application. In June 2017, Ming microelectronics launched an IPO for the second time and planned to raise 457 million yuan to invest in the R & D and industrialization of a new generation of LED display driver chips , intelligent lighting processor R & D, industrialization and integrated circuit packaging projects. However, in February 2018, Ming microelectronics was approved for the second IPO.
Ledinside believes that the new display is one of the main development directions of LED in the future. At present, it is only in its infancy. Guangxiang technology and Ming microelectronics are related enterprises. Guangxiang technology directly produces LED display products, while Ming microelectronics has also worked in the field of display driven IC for a long time and has a certain market position, which is one of the key development directions in the future. From the perspective of the industry, the two are The development directions of the companies are more in line with the development trend of the industry, and the market prospect is expected.