LED lighting company IPO news: Lianyu Optoelectronics goes public, Aolei Technology starts coaching

Recently, two LED lighting companies have made new progress in their IPOs. Among them, Lianyu Optoelectronics was listed on the Shenzhen Stock Exchange, and Aolei Technology started listing guidance.

Lianyu Optoelectronics was listed on the Shenzhen Stock Exchange, raising 754 million yuan

On November 9, Lianyu Optoelectronics was listed on the main board of the Shenzhen Stock Exchange, referred to as "Lianyu Shares", stock code: 001326. Lianyu Shares issued 18.3 million shares at an issue price of 41.18 yuan, raising 754 million yuan.

Lianyu Optoelectronics focuses on the R&D, production and sales of medium and high-power LED lighting products. The products are mainly used in outdoor and industrial lighting fields, and continue to expand into plant lighting, sports lighting, explosion-proof lighting and other special lighting fields.

Currently, the controlling shareholder and actual controller of Lianyu Optoelectronics is Xu Jianyong, who directly holds 33.6% of the shares of Lianyu Optoelectronics and indirectly holds 20% of the shares of Lianyu Optoelectronics through Heyu Investment.

Lianyu Optoelectronics now mainly provides differentiated and customized LED lighting products for international brands or regional brands through ODM mode. After more than ten years of development, the company has become the leading manufacturer of outdoor and industrial LED lighting products in the North American market.

In the first half of the year, Lianyu Optoelectronics’ overseas sales were concentrated in North America, accounting for 87.93% of total revenue. In addition, the company is also exploring Europe and Asia and other regional markets.

Lianyu Optoelectronics estimates that in the first three quarters of 2023, the company's revenue will be 1 billion to 1.04 billion yuan, a year-on-year increase of 20.04% to 24.84%; net profit will be 114 million to 120 million yuan, a year-on-year increase of 6.99% to 12.62%.

According to the prospectus, Lianyu Optoelectronics previously planned to go public and raise 659 million yuan to invest in intelligent lighting production headquarters base projects, R&D center construction projects and supplementary working capital projects, with investment amounts of 445 million yuan, 114 million yuan and 100 million yuan respectively.

Among them, the intelligent lighting production headquarters base project plans to build a new production headquarters, purchase advanced production equipment, establish an efficient and automated production base, continue to develop intelligent lighting products on the product side, and focus on the special lighting field on the application side.

The R&D center construction project plans to build an LED lighting R&D center, purchase advanced R&D equipment, and equip technical talents to meet the company's technical reserves and future new product development needs.

Mobile lighting company Aolei Technology starts IPO counseling

On November 3, according to the official website of the China Securities Regulatory Commission, Aolei Technology Group Co., Ltd. started A-share IPO counseling, and the counseling broker was CICC.

Data show that Aolei Technology was established in 2007 with a registered capital of 97.7787 million yuan and its legal representative is Fan Jiang. The company’s largest shareholder is Pingxiang Aofeixiang Enterprise Management Partnership, with a shareholding ratio of 54.60%. Aolei Technology is a well-known brand of mobile lighting in the world. It is committed to providing movable lighting tools for different users such as outdoor enthusiasts and modern explorers. The company's products cover outdoor flashlights, EDC flashlights, tactical lighting, ambient lights, headlights, bicycle lights and peripheral accessories, etc.

Currently, Aolei Technology is headquartered in Shenzhen and has subsidiaries in the United States, Germany, the United Kingdom, Australia, France, Japan, South Korea and Hong Kong. Its long-term close collaborators and marketing network cover more than 100 countries and regions including North America, Europe, and Asia-Pacific.

It is worth noting that in November and August, Aolei Technology Group’s headquarters and R&D production base laid the foundation in Zhongshan Cuiheng New District. The project covers an area of 20,000 square meters and has a total construction area of 143,800 square meters. The project integrates production and manufacturing, headquarters offices, and supporting dormitories. It is an advanced manufacturing group headquarters and production and manufacturing base.