Views: 0 Author: Site Editor Publish Time: 2025-02-21 Origin: Site
According to incomplete statistics, approximately 51 LED/lighting companies across the country updated their real-time status during their IPO process in 2024. Among them, 39 companies such as Xuyu Optoelectronics, Kaixun Optoelectronics, and Longtu Light Mask have made good progress, while 12 companies such as Shilin Lighting, Ruiyuan Technology, and Siyi Technology have terminated their IPOs due to various uncontrollable factors.
It is worth mentioning that 10 companies including Jinko Electronics, Pioneer Jingke, and Gebijia successfully went public in 2024, officially embarking on their journey of capital market development.
So, what are the business characteristics reflected by LED/lighting companies that have made progress in IPOs in 2024? Zhongzhao Network will take stock and interpret them one by one here.
Upstream and midstream semiconductor photo companies perform outstandingly
In recent years, with the development of digital innovation technologies such as 5G, artificial intelligence, and big data, coupled with the rise of the new energy industry, LED/lighting industry chain midstream enterprises with "technological discourse power" have gained strong capital power in the global semiconductor market, and have made significant breakthroughs on the path of IPO, even successfully going public.
From the characteristics of the main business of the 10 successfully listed LED/lighting companies in 2024, except for Chengdian Dianxin, which is a manufacturer of LED display products, the other 9 are all mid to high range LED/lighting companies. Among them, Pioneer Jingke, which successfully listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in December 2024, is a representative enterprise that seizes the golden period of international semiconductor market development.
This enterprise has become a key component for achieving mass production of advanced processes in the field of etching equipment, and can directly compete with international manufacturers. It is worth noting in the lighting industry that the company can provide key reaction chamber kits in the field of domestic mainstream plasma LED chip etching. In the field of gallium nitride based LED MOCVD and 12 inch PECVD, the company can also provide equipment key process components such as gas distribution disks.
Under such strong market performance, Pioneer Jingke achieved a performance of "total operating revenue of 869 million yuan, a year-on-year increase of 133.12%; net profit attributable to the parent company of 175 million yuan, a year-on-year increase of 249.03%" from January to September 2024, helping it to be promoted to an important member of the national LED/lighting capital market.
In addition to strategizing on market trends, identifying hot topics is also an important factor for LED/lighting companies in the upper and middle reaches to achieve IPO results. Among the LED/lighting companies that will achieve IPO breakthroughs in 2024, the field of automotive lighting, which includes companies such as Gebijia, Jinko Electronics, and Siyi Technology, has become a hot spot in the current market.
Among these enterprises, Gebijia, which will be listed on the Beijing Stock Exchange in the first quarter of 2024, has focused on expanding its automotive lighting glass materials to include three major automotive lighting business segments: automotive lighting preform materials, automotive lighting lens material blocks, and automotive lighting lenses. It has gradually mastered the technology of melting and forming automotive lighting materials that have reached the leading level in China, which has helped it achieve high-speed growth in performance in 2023 and realize its dream of going public at the beginning of 2024.
