Aihua Group's initial 50 million shares are planned to raise 709 million yuan

Recently, Hunan Aihua Group Co., Ltd. issued an IPO prospectus. The company plans to issue 50 million ordinary shares of the company this time. The total issued share capital of the company will be 200 million shares and will be listed on the Shenzhen Stock Exchange.

Aihua Group, formerly known as Yiyang Zijiang Electronic Components Co., Ltd., was established on December 29, 1993. The company is mainly engaged in the production and sales of aluminum electrolytic capacitors and aluminum foils, as well as the manufacture of capacitors. The products are widely used in energy-saving lighting products and consumption. Electronics, communications, automotive electronics, industrial applications and other fields.

According to the prospectus, Aihua Group achieved revenues of 590 million yuan, 828 million yuan and 875 million yuan in 2009, 2010 and 2011 respectively; net profit was 91.82 million yuan, 75.98 million yuan and 95.28 million yuan respectively. The sales revenue of its energy-saving lighting capacitor business in 2009, 2010 and 2011 accounted for 65.42%, 63.78% and 56.22% of the company's main business income.



The prospectus shows that the company intends to raise 709 million yuan to invest in the following projects:



According to the data, in the list of 515 IPO applications submitted by the China Securities Regulatory Commission in early February, nine LED-related companies are waiting in line for listing. At present, there are more than 40 LED-related enterprises in domestic listed companies. The statistics of the High-tech LED Industry Research Institute (GLII) show that there are more than 100 LED companies that have been listed for stock reform.

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