Hongyibai completes tutoring registration, Beijing Exchange may add new LED recruits

The Beijing Stock Exchange, a popular place for LED companies to list, has recently added new developments. It is reported that Hongyibai Lighting Co., Ltd. is receiving counseling.

LEDVANCE, the number one supplier of LED light source products, Hongyibai has entered the coaching period

On January 31, the New Third Board company Hongyibai released the "Announcement on Application for Public Issuance of Stocks and Listing on the Beijing Stock Exchange Counseling Filing and Progress Announcement" stating that the company signed a counseling agreement with SDIC Securities on January 25, 2024, and on January 30 On the same day, the Jiangsu Securities Regulatory Bureau submitted the public issuance of stocks to unspecified qualified investors and listing guidance and filing materials on the Beijing Stock Exchange to the Jiangsu Securities Regulatory Bureau; on the same day, the Jiangsu Securities Regulatory Bureau accepted the listing counseling filing application submitted by Hong Yibai, and Hong Yibai subsequently entered the counseling stage.

It is reported that Hongyibai's main business is the design, research and development, production and sales of LED lighting products. The products are widely used in home lighting, commercial lighting, landscape lighting, industrial lighting and other fields, specifically including LED light source products and LED lamps and lanterns products. Among them, LED light source products mainly include screw-top industrial and mining lamps, street lights, shop lights and household bulbs; LED lighting products mainly include industrial and mining lamps, floodlights and downlights.

LED light source is the main source of income for Hongyibai. In 2021-2022 and the first quarter of 2023, LED light source's revenue accounted for more than 97%.

In addition, Hongyibai's operating income mainly comes from overseas sales, with sales accounting for more than 96%, mainly including Asia-Pacific, Latin America, Europe and other regions.

Hongyibai pointed out that the company's top five customers are all overseas customers, among which the main customer is LEDVANCE, which accounted for more than 30.00% of its sales during the reporting period. According to reports, Hongyibai has maintained a long-term cooperative relationship with LEDVANCE Group and has signed a cooperation framework agreement. It is the largest supplier of LED light source products to LEDVANCE Group.

Many LED companies are sprinting to the Beijing Stock Exchange

On November 15, 2021, the Beijing Stock Exchange officially opened, becoming a new choice for companies to go public. At the same time, with the release of the "19 In-depth Reforms of the Beijing Stock Exchange", the Beijing Stock Exchange has optimized the implementation standards of "continuous listing for 12 months" and further increased its support for high-quality companies. Enterprises are more enthusiastic about listing on the Beijing Stock Exchange, and the same is true for LED companies.

After Hengtai Lighting successfully landed on the Beijing Stock Exchange and became "the first LED lighting stock on the Beijing Stock Exchange", LED companies such as Lite Technology, Vision Intelligence, and Lierda have been listed one after another, strengthening the army of LED companies on the Beijing Stock Exchange; while Hongyibai, Xuyu Optoelectronics, Dongang Technology, etc. are sprinting towards the Beijing Stock Exchange. The details are as follows:

Taken together, there are currently 6 LED-related companies listed on the Beijing Stock Exchange, including Hengtai Lighting, Greer, Lite Technology, Lierda, Sunny Seiko, and Vision Intelligence. Among the "reserves" of the Beijing Stock Exchange, 8 companies have successively completed the counseling filing and registration and entered the counseling period, and 1 has issued a prospectus.

From the perspective of main business, Hengtai Lighting, Lite Technology, Lierda, Vision Intelligence, and Hualai Technology are all involved in smart lighting; Sunny Seiko and Tongbao Optoelectronics are involved in automotive LED products.

In addition, the Beijing Stock Exchange has become a new "transfer station" for A-share IPOs for LED companies, and some companies have successfully transferred their listings.

On August 18, 2022, Hanbo High-tech was listed on the GEM of the Shenzhen Stock Exchange. This is the third Beijing Stock Exchange company to successfully transfer its board, and the first Beijing Stock Exchange company in the LED-related field to successfully transfer its board.

It is reported that Hanbo High-tech is a one-stop comprehensive solution provider for backlight display modules, an important component of semiconductor display panels. It integrates optical design, light guide plate design, precision mold design, overall structural design and intelligent product manufacturing. The products include backlight display modules, light guide plates, precision structural parts, optical materials and other related parts, which are widely used in terminal products such as notebook computers, tablet computers, desktop monitors, vehicle screens, mobile phones, medical monitors and industrial control monitors. (Text: LEDinside Lynn)

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