Hon Hai Group's LED factory Rong Chuang will be listed on the Q3 listing LED new shares

Hon Hai Group's LED factory Rongchuang passed the application for listing on the stock exchange on April 7. The market expects that Rongchuang will be listed in the third quarter, stimulating Rongchuang's share price to break through the 100-yuan mark and board the LED stocks. On the 8th, the closing price was 102.2 yuan (NTD, the same below). After the company, Jingguang, Yiguang and Guanglei, the fourth file in history broke through 100 yuan LED stocks.

Rongchuang Capital is 1.3 billion yuan. Last year, the net profit after tax was as high as 5.29 yuan. It is called the LED industry's profit per share, surpassing Everlight's 3.51 yuan. Its operating projects include LED die manufacturing, packaging and molding. Group, the company's raw materials source has a number of suppliers, there are also many customers.

The market estimate, in view of the listing process of Rongchuang application, is expected to be officially listed in the third quarter of this year. With the good turn of the LED industry, plus the May 1st cargo surge, the panel factory will be stimulated in advance. Chuang will benefit from it.

There are not many stocks in the LED factory that have reached the price of 100 yuan. Only Yiguang set a price of 118.14 yuan in September 2007, and Jingdian recorded a new record of 149 yuan in August of the same year. When the annual revenue of Yiguang was set at a record high of 6.55. Yuan, Jingdian was 3.92 yuan, calculated by Rongchuang last year's earnings per share of 5.29 yuan, and the price-earnings ratio was about 19 times.

Rongchuang's net profit before tax for the past three years, 177.53 million yuan in 2011, 401.843 million yuan in 2012, and 725.88 million yuan in 2013. The after-tax earnings per share (EPS) are 1.95 yuan and 3.47 yuan respectively. 5.29 yuan. In the first two months of this year, the company’s accumulated revenue reached 992 million yuan, with an annual growth rate of over 20%.