Minbao Optoelectronics plans to issue new shares and list on the Shenzhen Stock Exchange in the near future

On July 17, Shenzhen Minbao Optoelectronics Co., Ltd. (hereinafter referred to as "Minbao Optoelectronics") disclosed its prospectus and planned to issue new shares and list on the Shenzhen Stock Exchange in the near future. It is reported that this is the second time that Minbang Optoelectronics has rushed to the Shenzhen Stock Exchange GEM.

As early as July 22, 2020, Minbo Optoelectronics applied to the Shenzhen Stock Exchange for listing on the GEM. After 5 rounds of inquiries and 6 updates to the prospectus, the listing application was finally withdrawn in September 2021. After a lapse of eight months, Minbang Optoelectronics applied again for listing on the GEM in May 2022.

In this listing, Minbao Optoelectronics plans to issue no more than 26.17 million shares and raise 1.102 billion in funds to invest in two major projects: "Automated expansion of LED lighting fixtures" and "Construction of headquarters buildings and R&D centers" and to supplement working capital.

Among them, the "LED Lighting Lamps Automation Expansion Project" is to further expand the company's existing production capacity, improve the automation level of production, and improve the company's business scale and profitability.

The "Headquarters Building and R&D Center Construction Project" is to further increase investment in the field of R&D, strengthen the ability to realize customer needs, and improve the company's profitability and core competitiveness; the supplementary working capital project will provide financial guarantee for the company's rapid development and enhance development potential.

Information shows that Minbang Optoelectronics was established in 2010. It is a high-tech enterprise focusing on the green lighting business field. It is mainly engaged in the research and development, design, manufacturing, sales and service of LED lighting products.

In terms of performance, from 2020 to 2022, Civil Explosion Optoelectronics achieved operating income of 1.059 billion yuan, 1.497 billion yuan, and 1.465 billion yuan respectively, with a compound growth rate of 17.64%; net profits attributable to the parent company were 177 million yuan, 170 million yuan, and 245 million yuan respectively; net profits after non-deduction were 150 million yuan, 157 million yuan, and 212 million yuan respectively.

In the first quarter of this year, Minbao Optoelectronics’ revenue was 349 million yuan, an increase of 11.3% from 314 million yuan in the same period last year; net profit was 44.3376 million yuan, an increase of 21.6% from 36.46 million yuan in the same period last year; net profit after non-deduction was 43.006 million yuan, an increase of 44.43% from the net profit after non-deduction of 29.7755 million yuan in the same period last year.