LED lighting power supply company Igor launches listing plan in Hong Kong

On November 24, Igor Electric Co., Ltd. ("Igor") announced that it planned to issue overseas listed shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange. The company stated that this move is aimed at promoting its internationalization strategy, enhancing its global market image and enhancing its overall competitiveness.

Currently, Igor is working with relevant intermediaries to promote issuance and listing work, and the specific details are still under discussion.

Igor is an enterprise focusing on the research, development, production and sales of power supplies and power components in the industrial and consumer fields. Its products are used in photovoltaic power generation, industrial control and lighting and other fields. Among them, the lighting power supply mainly supports commercial, household and outdoor lamps; the lighting business is mainly focused on the North American market, and most of them are ceiling lamps, bathroom lamps, chandeliers, downlights and outdoor low-voltage landscape lamps customized according to customer needs.

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In recent years, the company has continued to promote the layout of manufacturing bases at home and abroad. In 2024, new bases such as Huainan in Anhui, Phase II in Malaysia, and Phase I in Thailand will be put into production one after another. Some production lines at the Jizhou base in Jiangxi will enter trial production. The construction of bases in the United States and Mexico is also progressing steadily. Up to now, Igor has deployed 7 production bases around the world.

In 2025, the company will further expand its domestic and foreign market territory, accelerate the release of production capacity at bases in Jizhou, Jiangxi, Shouxian, Anhui, Thailand and the United States. At the same time, it will focus on developing markets such as step-up transformers, box transformers, distribution transformers, phase-shifting transformers and dry-type transformers.

In terms of deepening the industrial chain, Igor completed the acquisition of 100% equity of Ji'an Yiyuan in the first half of this year. The company focuses on the research and development and production of natural ester insulating oil. The products are environmentally friendly, safe, long-lasting and highly sustainable. They can be used in the company's oil-immersed transformers and are in line with the global energy transformation trend. In the future, the production capacity of natural ester insulating oil is expected to reach 18,000 tons/year.

In terms of performance, in the first three quarters of 2025, Igor achieved revenue of 3.808 billion yuan, a year-on-year increase of 17% .32%; net profit attributable to parent companies was 178 million yuan, a year-on-year decrease of 15.14%.