Taiwan LED car light module factory Liqing Technology listed today

LED lighting module manufacturer Liqing Technology was listed on the Taiwan Stock Exchange today at 30 yuan per share (NTD, the same below). Driven by the accelerated penetration of the LED lamp market in mainland China, Liqing Technology not only opened the first three quarters, but also consolidated its revenue from January to November by 26.11%. The revenue continued to grow and maintain high growth momentum. Liqing Technology has been deeply cultivating the Chinese mainland automobile market for many years. It has occupied an important position in the LED lighting supply chain in mainland China and actively expanded its global market. In 2015, it has successfully entered the Mercedes-Benz automotive supply chain system, showing the technical level of Liqing Technology. It has been recognized by world-class car manufacturers. In the future, with the new car models of various brand car manufacturers, LED lamp products will continue to be introduced, and the performance will be expected. Liqing Technology's listing underwriting was conducted at auction. The bidding was completed on December 5, and the weighted average price of bidding was 35.46 yuan, which was 1.48 times of the bidding price of 24 yuan. In addition, the public subscription price was 30 yuan, December. On the 13th, the results of the lottery were announced. A total of more than 130,000 people participated in the subscription. The winning rate was only 1.01%, indicating that the market response was enthusiastic. Liqing Technology expects the listed share capital to be 683 million yuan, which will be 30 yuan per share under the current (19) day. Officially listed. Liqing Technology started from the international LED chip of the international company. It is responsible for the transformation of the industry trend and invests in the research and development of automotive LED lamp modules. It has rich experience in R&D, production and marketing, and combines the advantages of optical, mechanical, thermal and electronic integration capabilities. It mainly includes headlights, daytime running lights, taillights and direction lights, and assists customers in developing and designing LED lights. Liqing Technology's three major customers include China's North China Central China South China region, and its performance has continued to grow in the past three years. It is worth noting that Liqing Technology has successfully entered the Tier 1 supplier of Italian Mercedes-Benz in 2015. The supply chain of OLSA Parts will move from China to the global auto market for the first time. This will add growth momentum to the company's operations. In addition to dispersing the market, it will also improve the visibility and accumulate opportunities to enter the luxury car brand supply chain. In addition to the environmentally-friendly features of low power consumption, LED lights provide added safety for drivers when driving. Due to the advantages of safety and energy saving, the proportion of LEDs used in vehicle lighting has increased rapidly in recent years, which has also driven the growth of Liqing Technology. From 2013 to 2015, the operating income was 1.73 billion yuan, 1.99 billion yuan and 2.74 billion yuan respectively. The initial growth was 15.02% and 37.69%. In 2016, the accumulated revenue from the end of November was 3.1 billion yuan, which was also 26.11% higher than that of the same period of last year. Looking forward to the future, with the continuous launch of new global safety regulations and energy-saving and carbon-reduction policies, in addition to requiring new vehicles to be forced to install daytime running lights, various brand car manufacturers are also accelerating the research and development of automotive electronics towards safety, intelligence, energy saving and carbon reduction. Help Liqing Technology maintain good order visibility.