Lianyu Optoelectronics' IPO was approved for registration, and plans to raise 660 million to deploy smart lighting

According to news on August 11, Shenzhen Lianyu Optoelectronics Co., Ltd.’s registration application for its initial public offering of shares and listing on the GEM has been approved by the China Securities Regulatory Commission, and the company plans to be listed on the Shenzhen Stock Exchange’s main board.

Information shows that Lianyu Optoelectronics was established in 2012 and is mainly engaged in the research and development, 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 special lighting fields such as plant lighting, sports lighting, and explosion-proof lighting. The company focuses on overseas markets and mainly provides differentiated and customized LED lighting products for international brands or regional brands through the ODM model.

In terms of customers, Lianyu Optoelectronics has established business cooperation relationships with well-known brand companies such as LEDVANCE, Signify, RAB Lighting, and American Joint Insurance, and has expanded its market area to Europe, Asia and other regions with the help of the sales network of major customers to carry out global layout.

In terms of performance, from 2019 to 2022, due to the increase in demand for LED high-power lighting fixtures such as outdoor and industrial lighting in overseas markets, United Optoelectronics achieved operating income of 524 million yuan, 632 million yuan, 1.225 billion yuan, and 1.09 billion yuan respectively; net profits attributable to the parent company were 35.7951 million yuan, 59.046 million yuan, 106 million yuan, and 134 million yuan respectively. Net profits increased year by year. rise.

Raising 660 million yuan to build intelligent lighting production and R&D projects

According to the previously published prospectus, this IPO of Lianyu Optoelectronics plans to publicly issue no less than 18.3 million RMB ordinary shares, and plans to raise 659 million yuan to invest in intelligent lighting production headquarters base projects, R&D center construction projects, and supplementary working capital.

Among them, the total investment in the smart lighting production headquarters base project is 445 million yuan. The project plans to build a new production headquarters, purchase advanced production equipment, and establish an efficient and automated production base. It is expected that after the project is completed, it will produce 3.37 million lighting fixtures annually, with operating income reaching 1.199 billion yuan;

The R&D center project has a total investment of 114 million yuan. It plans to carry out research around cutting-edge technology directions such as intelligent control systems, wireless networking technology and high-power thermal storage materials, and conduct research and development and intelligent upgrades of new special lighting products.

Lianyu Optoelectronics stated that this fundraising project is based on the company's existing business to expand production capacity, technology improvements and automation upgrades. After the project is implemented, it will further enhance the energy-saving and intelligent level of products, enhance the company's core competitiveness, and help the company continue to consolidate its first-mover advantage in the North American market and conduct global layout.