Taiwanese packaging factory Rongchuang will go public tomorrow

Rongchuang, an LED factory under the Hon Hai Group, will be listed on the market on July 9. Taking advantage of the two rich fathers of Hon Hai and Nichia, Yiguang, the profit maker of listed LED products, will be threatened. The legal person estimates that Yiguang’s net profit per share this year is expected to start from 5 yuan, and Rongchuang has the strength of 6 yuan. Hon Hai Group holds more than 30% of the shares and Nichia holds 11.5% of the shares. Rongchuang had a net profit of 5.29 yuan per share last year, ranking first among LED manufacturers. Zhuang Hongren, chairman of Rongchuang, said that the second half of this year will be better than the first half, and profits will be better than last year. Rongchuang is mainly engaged in the LED packaging business. Its products are used in backlight sources such as smartphones, LCD TVs and tablet computers. It competes with Everlight, but Everlight's product application range is wider than Rongchuang, and the risks are more diversified. Rongchuang has maintained profitability continuously since 2010. In 2011 and 2012, the revenue reached 3.969 billion yuan and 5.21 billion yuan respectively, and the net profit per share reached 1.95 yuan and 3.47 yuan respectively. Last year's consolidated revenue was 6.6 billion yuan, an annual increase of 25.89%, gross profit margin was 19.3%, after-tax net income was 687 million yuan, and net profit per share was 5.29 yuan, a new high in recent years.