Equity· IPO

Shenzhen Exc-Led Technology’s IPO debut on Shenzhen Stock Exchange today

minutes 2020/09/16 06:08:04

Sep 16, 2020 (China Knowledge) - Shenzhen Exc-Led Technology (300889) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 27.97 per share, raising RMB 1.09 bln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 32.83.

Dongxing Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Shenzhen Exc-Led Technology said its IPO was 5,779 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Shenzhen EXC-LED Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of landscape lighting intelligent control systems and light-emitting diode (LED) landscape lighting lamps. The Company's products include control cloud platforms, controller series, point light source series, wall washer series, flood light series, linear light series and characteristic lights. The Company mainly conducts its businesses within domestic market.

In financial year 2019, Shenzhen Exc-Led Technology garnered a total revenue of RMB 1129.04 bln, up 28% YoY. In terms of net income, it achieved RMB 162 mln, up 33% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 35.15% and 15.13% respectively, earning per share (EPS) of 1.17 RMB.


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