[High-tech LED News] Hongli Optoelectronics' main products are LAMP LED devices, SMD LED devices and their application products. On March 29, the company plans to issue 31 million shares and list them on the GEM. The issued shares account for 25.26% of the total issued share capital.
According to the financial report, Hongli Optoelectronics' main business income from 2008 to 2010 was 232 million yuan, 257 million yuan and 438 million yuan respectively; net profit was 22.36 million yuan, 27.59 million yuan and 62.9 million yuan respectively; gross profit margin was 27.13%, 33.47%, 35.61%.
Hongli photoelectric white LED products are more prominent. The gross profit margin of white light Lamp LED and SMD LED products increased by 0.75 percentage points and 2.22 percentage points respectively in 2010. At the same time, the sales of these two products increased by 5.07 and 15.04% respectively in 2010 compared with the previous year.
"The company's biggest advantage is that it has domestic leading white LED and high-power device packaging technology. At present, the company has 4 invention patents, and 11 other invention patents are being applied, mainly focusing on white LEDs with the most market space in the future. Power LED and other industry key technology research areas." Hongli Optoelectronics said.
However, in the context of industrial policies driving market demand to expand, the global LED industry continues to shift to mainland China, and foreign industry leaders have begun to set up factories in the mainland. In the future, there may be more capital entering the LED industry. The company will face more intense market competition in high-power device packaging or white LED.
"With the continuous increase in sales of white LED products, the company's gross profit margin may remain at a relatively high level in the future. However, in the fierce market competition, the company's product gross margin is at risk of decline." Gaogong LED Industry Research Institute Said.
Recently, Hongli Optoelectronics issued the first issue of A shares at a price of 16 yuan / share, corresponding to a price-to-earnings ratio of 32.04 times, and today's online and offline subscriptions, of which 6 million shares were issued offline, the purchase referred to as "Hongli Optoelectronics", Purchase code "300219". The online purchase limit for a single securities account is 25,000 shares.
The raised funds of 383 million yuan, Hongli Optoelectronics intends to invest in new surface mount LED construction projects, technology research and development center construction projects, LED lighting technology and industrialization projects. However, it still takes a period of time for the investment project to be put into production, and it will not have a positive impact on the company's performance in the short term.
According to the financial report, Hongli Optoelectronics' main business income from 2008 to 2010 was 232 million yuan, 257 million yuan and 438 million yuan respectively; net profit was 22.36 million yuan, 27.59 million yuan and 62.9 million yuan respectively; gross profit margin was 27.13%, 33.47%, 35.61%.
Hongli photoelectric white LED products are more prominent. The gross profit margin of white light Lamp LED and SMD LED products increased by 0.75 percentage points and 2.22 percentage points respectively in 2010. At the same time, the sales of these two products increased by 5.07 and 15.04% respectively in 2010 compared with the previous year.
"The company's biggest advantage is that it has domestic leading white LED and high-power device packaging technology. At present, the company has 4 invention patents, and 11 other invention patents are being applied, mainly focusing on white LEDs with the most market space in the future. Power LED and other industry key technology research areas." Hongli Optoelectronics said.
However, in the context of industrial policies driving market demand to expand, the global LED industry continues to shift to mainland China, and foreign industry leaders have begun to set up factories in the mainland. In the future, there may be more capital entering the LED industry. The company will face more intense market competition in high-power device packaging or white LED.
"With the continuous increase in sales of white LED products, the company's gross profit margin may remain at a relatively high level in the future. However, in the fierce market competition, the company's product gross margin is at risk of decline." Gaogong LED Industry Research Institute Said.
Recently, Hongli Optoelectronics issued the first issue of A shares at a price of 16 yuan / share, corresponding to a price-to-earnings ratio of 32.04 times, and today's online and offline subscriptions, of which 6 million shares were issued offline, the purchase referred to as "Hongli Optoelectronics", Purchase code "300219". The online purchase limit for a single securities account is 25,000 shares.
The raised funds of 383 million yuan, Hongli Optoelectronics intends to invest in new surface mount LED construction projects, technology research and development center construction projects, LED lighting technology and industrialization projects. However, it still takes a period of time for the investment project to be put into production, and it will not have a positive impact on the company's performance in the short term.
Guangzhou Yunge Tianhong Electronic Technology Co., Ltd , http://www.e-cigaretteyfactory.com