subject: Nvc Lighting At The End Listed In Hong Kong Dollar 1.646 Billion Program Fundraising [print this page] After a series of 5 years after the leading enterprises in NVC Lighting Lighting Holdings Limited ("NVC Lighting") will be landing later this month HKEx.
NVC Lighting prospectus showed that 727 million shares to be issued, the offer price range of 2.03 to 2.9 Hong Kong dollars per share, plans and fund-raising 1.646 billion Hong Kong dollars.
, "NVC spent 10 years, has done the business first. The next 10 years, NVC to do in the world brand." NVC lighting founder, president and Wu Changjiang at the end of the annual meeting of entrepreneurs at the surging passion ground.
However, Wu Changjiang with one million yuan in 1998, when the creation of NVC lighting, may not have imagined just 10 years to become the mainland's oldest lighting industry.
"The first year I set myself the goal is 30 million yuan, and no one believed that the first year made 27 million yuan. Second year of more than 60 million yuan. In 2004, achieved 600 million yuan income NVC Lighting . "In 2004, Love" blasting "of the Wu Changjiang once again stunned the world," the next 5 years, NVC lighting to reach 50 billion in scale. "
While Wu Changjiang because this speech was the grounds of the industry shelling, but the prospectus figures, Wu Changjiang is the "dark horse" speed close to that goal.
NVC Lighting 2007 income 130 million U.S. dollars, net profit of 12.9 million U.S. dollars; 2008 revenues 256 million U.S. dollars, up 96.9%, net profit of 18.1 million U.S. dollars, up 40%; in 2009 due to financial turmoil, NVC Lighting was suspended growth, income of 306 million a year, up 19.53%, a net profit of 14.7 million US dollars.
However, consolidated gross profit margin of their products are inversely with the traditional lighting industry trend. NVC Lighting 2007 consolidated gross profit margin was 23.75%, increased to 24.53% in 2008, rose to 27.48 percent in 2009. The product gross margin continued to rise, mainly due to the promotion of national energy policy, and NVC Lighting energy efficient lighting products in the past few years on the achievement.
China Lighting Association's latest report shows the scale of revenue last year, NVC lighting illumination in the Mainland market, second only to Philips, as the number one domestic lighting company. Meanwhile, the NVC lighting or the mainland's largest manufacturer of energy-saving lamps. Prospectus data, energy-efficient lighting product sales revenue accounted for NVC lighting ratio of 37.5% from 2007 all the way to rise to 60.1% in 2009 and annual compound growth rate of 94.1%.
May 7, the Ministry of Commerce of China International Economic and Technical Exchange Center, said the State Development and Reform Commission, United Nations Development Programme and the Global Environment Facility, co-sponsored by China to phase out incandescent light, speed up the promotion of energy saving lamp project has been started, the total project budget for the 14 million U.S. dollars, the implementation period of 3 years. Freedonia data, share of China's energy-efficient lighting from 35.9% in 2009 and gradually raised to 50.8% in 2014.
"In addition to LED lighting, other energy-efficient lighting products in the market while still maintaining the status quo, individual market share of more than 1% is difficult." Vocational High School LEDCEO Xiaofei pointed out that the Mainland has more than 10,000 lighting company, including mine disabilities, including Philips Lighting, and total sales of the first three lighting products are only mainland about 2.5% of total sales, and now we have a common energy-saving lighting products, is difficult to separate the high and low in the market, the focus of future competition in the LED lighting.
Or Xu Zhengji here, NVC lighting is also planned to use the funds raised 10% of the market for the development of LED lighting products. However, NVC lighting LED lighting is still a long way possible, because the LED product revenue in 2009 accounted for only 0.8% of total revenue.
Nvc Lighting At The End Listed In Hong Kong Dollar 1.646 Billion Program Fundraising
