Opt acknowledges that IPO will not change the LED industry's listing

Although Op Lighting has admitted to suspending the IPO, it is difficult to change the new round of listing boom in the domestic LED lighting industry.

Yesterday, Wu Yiming, secretary of the board of Op Lighting, confirmed to the reporter of the “First Financial Daily” that Op Lighting had indeed stopped the IPO. "But this is normal. There are more than 500 companies that are listed in the market." The explanation is that the materials that Oupu Lighting applied for before listing are reported in 2013, and these results will expire at the end of June this year. It is. "We will report the performance of this year's mid-year report in mid-to-late September, and we will resume the approval process. At present, the listing of Ou Pu is in normal progress."

When the LED lighting market surges welcome <br> <br> less than in January of the IPO gate opening after the second year, the Commission suddenly announced July 4, Shanghai and Shenzhen Stock Exchange has accepted the first application and disclosed in advance Among the 637 start-up companies, 589 companies discontinued the review, including LED lighting companies and materials supporting companies such as Op Lighting, Ocean King Lighting, and Shengdi Optoelectronics.

"This matter is greatly influenced by policy factors, and the financial time node is strictly controlled. Most of the data updates do not meet the requirements. This is a requirement for improvement. In essence, the IPO pressure in the securities market is large, the government wants to control the rhythm, and does not want the second half. At once, so many companies are crowded together," said Zhang Hongbiao, research director of the High-tech LED Industry Research Institute.

Zhang Hongbiao believes that the LED companies in the domestic A-share market mainly focus on chips, packaging and display screens. The terminal lighting companies only have Qinshang Optoelectronics, and they mainly focus on outdoor lighting products. There is not one indoor lighting company. At present, the cost performance and industry scale of LED lighting products have reached the listing requirements. Therefore, it is normal for lighting companies to rush to go public.

Opt is one of the leading companies in traditional lighting and is accelerating the transition to LED lighting. Zhang Hongbiao said that before the emergence of LED emerging companies, Op Lighting is not in a hurry to go public, because it is based on home lighting, and its status is stable. Even if it is not listed, it can compete with NVC and Sanxiong.

But now, emerging LED lighting companies are vying for listing, such as "Mullin" has "over the meeting." This year, Mulinsen held a dealer conference, with 5,000 dealers participating in the conference, and the store expanded rapidly. If it is not listed again, Op Lighting will be easily surpassed.

In May of this year, Op Lighting submitted a listing application. At the Guangzhou Lighting Exhibition in June this year, Ou Pu Lighting Chief Financial Officer Jin Xin told this reporter that the LED lighting industry is in a period of growth and transition, and Op Lighting hopes to have good performance in terms of revenue and profit this year.

Wu Yiming revealed that this year's strategy of Op Lighting: First, based on domestic, in 2013 more than 90% of revenue comes from domestic; second, commercial lighting and home lighting "two wings flying together", commercial lighting has grown faster than household lighting; third is Strengthen home channels, commercial channels and overseas channels. "We have developed rapidly overseas and have established branches in Dubai and other places."

Industry or the shuffle <br> <br> LED Engineering Research Institute, according to industry statistics, the domestic LED industry chain to the main business of listed companies have about 20, involving LED listed companies, there are 60 to 70.

At present, 100 to 200 LED companies have completed the shareholding system transformation and are ready to go public. Zhang Hongbiao predicts, "From the current situation, if there are no macroscopic factors, this batch of at least 10 LED companies can be listed. Not only LED lighting, but also accessories companies can also be listed."

Even if the IPO is suspended, these LED companies will quickly update the data and re-declare. Because the LED lighting industry is in a period of rapid growth, first, the demand for capital is very large; second, strategic investors have constraints on the time-to-market.

"The IPO has been closed for more than a year. Too many LED companies are listed, so it depends on who has the opportunity and luck." Zhang Hongbiao said that although there are many listed companies, it is easier for enterprises to meet the requirements. The restrictions on IPO have been relaxed, and the previous three years of revenue and profit growth have now been demanded.

He estimated that a new round of LED lighting listing boom will bring more merger cases and promote industry reshuffle. In the future, LED lighting will pay more attention to the capital market. "Increased income does not increase profits, it is the overall situation of the industry. Some enterprises will increase their profits when they grow to a certain scale, but the gross profit margin will go down. This year, the LED midstream will not improve the income."

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