Zhouming Technology’s 18th IPO application last year’s revenue exceeded 500 million yuan last year.

[High-tech LED News] On April 14, 2011, Gaogong LED reporter learned from the website of the China Securities Regulatory Commission that Shenzhen Zhouming Technology Co., Ltd. officially disclosed the “IPO of the initial public offering and listing of the prospectus on the GEM”. At the same time, the China Securities Regulatory Commission's GEM Issuance Review Committee is scheduled to review the Zhouming Technology IPO on April 18, 2011.

Zhouming Technology plans to issue 20 million shares, accounting for 25.73% of the total issued share capital, all of which are used for the company's main business-related projects and the working capital required for the development of the main business. The company is a leading domestic LED application product and solution provider. The products are mainly divided into two series: LED high-definition energy-saving full-color display and LED energy-saving lighting.

Raising funds to invest:
1. Expansion project of high-end LED display products;
2. LED lighting product projects;
3. R&D center project;
4. Supporting upgrade projects related to the marketing system;
5. Other working capital related to the development of the main business.

According to the prospectus, the company achieved revenue of 501 million yuan in 2010, a year-on-year increase of 60.3%. The net profit was 56.015 million yuan, an increase of 86.04% over the same period of 2009. The sales revenue of the main business display products still accounted for 93.27% of the company's total sales revenue.


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