Smart city lighting company Longteng Co., Ltd. is listed on the New Third Board

On September 26, Longteng Lighting Group Co., Ltd. (hereinafter referred to as Longteng Shares) was successfully listed on the New Third Board of the Beijing Stock Exchange. According to the public transfer instructions disclosed by Longteng Shares in June this year, the total number of Longteng shares listed this time is 117,312,885 shares.

Image source: Longteng Shares

Information shows that Longteng Co., Ltd. was established in 2001. It is a smart city lighting integrated service provider that integrates product research and development, manufacturing, lighting design, engineering implementation, and service operation and maintenance. It has Grade I professional contracting for urban and road lighting projects and Grade A qualifications for lighting engineering design.

At present, Longteng's products include LED lighting products, multi-functional smart street lights, cultural customized street lights, solar street lights, ordinary street lights, smart street light management platforms, and other non-lighting products.

In recent years, Longteng Co., Ltd. has continued to increase the design, development, and manufacturing of multi-functional smart street lamps, becoming the company's core product. Its independently developed multi-functional smart street light products and its integrated technology have been successfully launched in Beijing, Shenzhen, Xiongan New Area, Nanjing, Hangzhou, Xi'an, Wuhan, Kunming, Zhengzhou, Jinan and other cities; the company's lighting products are also exported to the Middle East, Europe, Africa and other regions.

Regarding the listing of the New Third Board, Longteng Co., Ltd. said that the company will seize the market opportunities of the New Third Board and the Beijing Stock Exchange, carefully lay out in the field of smart lighting, and launch high-tech products. Quality products and solutions.

Relevant information shows that in 2022 and 2023, Longteng's revenue will be 772 million yuan and 623 million yuan respectively; its net profits will be 79 million yuan and 24 million yuan respectively. From January to June 2024, Longteng's new order amount was 165 million yuan; as of the end of June 2024, the company's total order amount on hand was 497 million yuan.

It is worth noting that in 2021, Longteng Co., Ltd. planned to be listed on the main board of the Shenzhen Stock Exchange and raise 600 million yuan, which will be used for new Longteng Smart Industrial Park projects, supplementary engineering project working capital, and marketing network construction projects, aiming to accelerate the layout of smart cities.