LED power supply manufacturer Netac smart IPO meeting

Less than three months after Kelik successfully landed the A-share board, another LED power manufacturer, Netac Intelligent IPO, passed the meeting and will soon become the third LED power supplier listed on the A-share market.

According to the data, Netac Intelligence was formerly known as Netac Limited and was changed to a joint stock limited company in September 2012. The registered capital of the company is 45 million yuan. In addition to natural person shareholders, there are a number of investment institutions including Fuhai Yintao Pickup, Dingke Investment, Shanghai Zundao, Dingquan Investment, etc., with institutional holdings accounting for 25.18%.

According to the "Prospectus (Draft)" disclosed by Netac Intelligence, Netac's smart IPO is proposed to issue no more than 15 million shares, and some of the existing shareholders of the company will jointly issue the pre-issuance shares held by them to the public offering. Investors will sell no more than 3 million shares, and the total share capital will not exceed 60 million shares after the issuance. The funds will be raised to control the main business of electronic smart devices.

Netac Smart Fundraising

Source: Prospectus (filing draft)

According to the statistics of the High-tech Research Institute LED Research Institute (GGII), the scale of China's LED lighting power supply market reached 23.08 billion yuan in 2015, an increase of 31.3% year-on-year, of which the indoor power supply scale was 14.6 billion yuan, and the outdoor lighting power supply scale was 1.45 billion yuan. The scale of landscape lighting power supply has reached 5 billion yuan, and the scale of LED lighting power supply in 2016 is expected to reach 30 billion yuan.

Industry insiders also expect that in the next three to five years, the global market demand for LED drive power will continue to rise.

Netac's smart choice at this time IPO listing is undoubtedly the catch of the growth of the drive power market.

According to the data, Netac is mainly engaged in the production and research and development of electronic intelligent controllers, LED drive power supplies and HID lighting power supplies.

Power product capacity, output and income details

According to Netac, intelligent lighting driver power supply belongs to the market segment of West Bank. The technical barriers of the industry are high. There are fewer manufacturers that can supply qualified intelligent lighting driver power. The quality of the products is uneven and the market competition is fierce. The market is in the process of integration. It is expected that the smart lighting power industry will usher in a more stable development period after three to five years. The company has strong R&D strength in LED intelligent drive power supply, and the perfect production line products are mainly exported.

However, due to the limitation of production scale, Netac has a low market share in the field of LED smart power.

Netac Intelligence also said that with the expansion of the company's production scale, the company's market share in the field of smart power will gradually increase.

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