Lighting network news not all enterprises are like "Lao Gan Ma", with this strength, but to the listing of scorn; Not all ceos are like Shi Yongxin, in order to inherit 1500 years, a strong statement: Shaolin Temple "vow not to be listed". For most companies and corporate ceos, "going public" is a dream. However, the IPO listing road is long and long, until the emergence of the New Third Board (National small and medium-sized enterprise share transfer system), finally for many innovation, entrepreneurship, growth of small and medium-sized enterprises, especially those high-tech strategic emerging enterprises, brought a ray of light. "The system is flexible, the threshold is low, and the financing is convenient" has gradually become its "reputation". It is true that for LED companies with small scale but real growth, the new third board listing will be a good choice. According to people familiar with the matter, the original intention of the regulator is to build the new third Board into a "training ground" for listed companies. In fact, in the past period of time, we always regard "turning the board" as the biggest charm of the new third Board, and the purpose of enterprises to list on the new third Board is to use it as a shortcut to the main board, small and medium-sized board or GEM.

Looking back since 2014, the new third Board trading is relatively active, of course, it is not the same as the trading volume and trading volume of the main board. Especially in the LED market, its financing rate is not high. It is understood that at present, among the dozens of LED companies listed in the new third Board market, only a very small number of successful financing enterprises. LED enterprises financing is difficult, one is because the investor access threshold is low, the new third board overall trading volume is also low, and because the LED enterprise market is more chaotic, directly lead to many investors are not willing to invest in the field. Since April this year, the new third Board market making index has fallen from the highest 2673 points on April 7 to near 1100 points, and the market making index has been oscillating at 1500 points since August. As of August 18, the turnover of the new third board has rebounded, and the final total turnover of 467 million yuan as of the close of the market, but the market making index is still in 1500 points, and finally lost. It closed at 1,496.57 points that day, and the total turnover also dropped from 5.24 billion yuan on April 7 to hundreds of millions of yuan today.

Despite the lackluster trading on the New third Board, the latest data from the stock transfer system shows that the number of listed companies is still climbing. Correspondingly, investment institutions such as host brokerages and PE are also more cautious about the New third Board. In this regard, the chairman of a new third board listed enterprise in Dongguan admitted that the enterprise is through five brokerages to make market trading, and the management is basically not very concerned about the trading situation in the secondary market. "Doing a solid job is the key," he said. "Poor trading will have little impact on management and investors." According to its introduction, the company as early as A few years in the IPO queue for A shares, and later did not want to waste the opportunity to switch to the new third board listing. In fact, through the new third board this springboard to A shares, but he said that now the idea is not so strong, he said: "In the new third board financing is also very promising."

In Guangzhou, the person in charge of the two companies to be listed on the New third Board has also expressed a similar attitude, "What we value is not the transaction of the secondary market, but more importantly the pricing and value discovery function of the new third Board, and financing is also a factor we consider."

In fact, from the financial data of more than 1,000 New third Board enterprises that have been published earlier, listed companies have generally achieved good development, among which 728 companies have positive operating income growth, accounting for 70.27% of the enterprises that have been disclosed. So, what is the situation of the LED industry? Below, please follow the author to look up those LED companies that have announced the semi-annual report in 2015 (not complete statistics), through knowing their business model and operating conditions, in order to explore the future development prospects and trends of LED companies listed on the new third Board.

Aike Lighting (Stock code: 830959)

Company full name: Ningbo Aike Lighting Co., LTD

Legal representative: Shi Jiejun

Registered capital (ten thousand yuan) : 1070

Listing Date: 2014-8-13

Transfer method: Agreement

Business model: The main business is the research and development, production and sales of LED indoor lighting and commercial lighting products, according to customer's individual needs and specific product specifications, design, customization and production of products that meet customer requirements. Mainly sold to the European market, SELECO IMPORT(Spain), AAXSUSAB(Sweden), 6350 CANADA INC(Canada) and other foreign companies to provide LED lighting products. According to reports, at present, it mainly adopts the method of direct sales to large customers, and sells products to customers in the European market by participating in domestic and foreign lighting exhibitions and other platforms, so as to obtain profits. There were no significant changes to the company's business model during the reporting period.

In terms of operating conditions, from January to June 2015, the company's total operating income was 12,227,800 yuan, an increase of 21.18% over the same period last year. In 2014, the company invested in the research and development of a series of intelligent new products. With the production of intelligent LED lights newly developed in 2015, the company's profit scale increased, further increasing by 108.05% compared with the same period last year. In 2015, the company's expenses for the New third Board also decreased relatively, affected by the above factors. The company achieved a net profit of 829,600 yuan from January to June 2015. It is expected that in the second half of the year, with the increase of orders, it is expected that the annual revenue and net profit will achieve a substantial growth.

CDH Technology (Stock code: 430344)

Company full name: Shanghai Dinghui Technology Co., LTD

Legal representative: Li Jiansheng

Registered capital (ten thousand yuan) : 3,210

Listing Date: 2013-11-15

Transfer method: Agreement

Business model: Mainly engaged in LED devices and its application products R & D, production and sales. In the first half of 2015, the company still adopts the direct sales model to promote the company's products and brands, and provides products to customers with the business model of "production by order", "production by sales, and purchase by sales" and "appropriate stock for general products". Through direct sales to downstream LED application enterprises, according to the company's business policy, the development of the overall marketing plan, regular (monthly) sales summary, customer credit assessment, risk control construction, etc., sales salesmen according to sales strategies and specific market conditions, to develop new customers, open up new market segments, and track the service of existing customers. During the reporting period, the company's business model did not change significantly.

In terms of operating conditions, in the first half of 2015, the company's main operating growth points are reflected in: 1. Indicator products; 2, commercial lighting products. In the first half of 2015, the company continued to reduce the high labor costs, reduce the repeated push of research and development, further compress various costs, and turn to fine manufacturing, while optimizing the production process and manufacturing structure of products, so that profitability can be significantly improved. Among them, the operating income was 400,033,400 yuan; Increased 35.37% over the same period last year, the total profit of 5.476,500 yuan, the net profit of 5.033,800 yuan. As of June 30, 2015, the company's total assets were 80,875,500 yuan and its net assets were approximately 40.433,600 yuan. (The figures are unaudited.) In addition, CDH Technology has obtained various patents through its self-developed "3D filament lamp" products.

Redisplay Technology (Stock code: 830903)

Company full name: Shanghai Fuzhan Intelligent Technology Co., LTD

Legal representative: Sun Hongtao

Registered capital (ten thousand yuan) : 3500

Listing Date: 2014-7-29

Transfer method: Market making

Business model: The main business is positioned in the research and development, manufacturing, sales and service of intelligent energy control system. The company's main products include: (1) intelligent LED lighting control system; (2) Intelligent gas meter control system. It is now stepping up the development of various products and systems to meet the needs of the gas and LED lighting industry. At the same time, it will also vigorously expand the field of contract energy management and energy operation and maintenance services: (1) for road, industrial and mining enterprises, commercial, office and other users to carry out lighting energy-saving transformation project design, implementation, operation and maintenance services; (2) Provide gas management system scheme consultation, design, implementation and operation and maintenance (including but not limited to meter reading, maintenance, inspection, etc.) for gas operators.

In terms of business conditions, the company's management has increased research and development efforts, added Dazhangjiang research and development projects and industry-university-research research and development projects, and actively expanded and optimized the market layout. At the same time, the company continues to innovate the management mechanism, in strict accordance with the modern corporate governance system and constantly improve the internal management system system, enhancing the company's operating efficiency. During the reporting period, the company's operating income was 17.1212 million yuan, an increase of 59.33% over the same period of last year, and the net profit was 2.4057 million yuan, an increase of 344.40% over the same period of last year. The company's overall operation was stable, and its operating income and profit indicators both achieved significant growth.

Jinda Lighting (Stock code: 831290)

Company full name: Guangdong Jinda Lighting Technology Co., LTD

Legal representative: Yu Jianhang

Registered capital (ten thousand yuan) : 8600

Listing Date: 2014-11-10

Transfer method: Market making

Business model: For lighting manufacturers, in 2005 with the world's top crystal manufacturer SWAROVSKI to create the Vishava brand. According to reports, with a strong marketing network, through distribution, engineering, retail, network sales and other channels for domestic large and medium-sized cities famous buildings, star hotels and senior clubs to provide high-quality lighting products and services. The main source of revenue is the sale of lighting products based on crystal lamps. During the reporting period, the company's business model did not change significantly from the previous year.

In terms of operating conditions, the operating income during the reporting period was 92,682,500 yuan, an increase of 6.97%; Operating costs were 85,064,900 yuan, an increase of 8.47%; Total profit and net profit were 8.668 million yuan and 7.5039 million yuan, respectively, an increase of 3.07% and 10.23%. Net cash flow from operating activities was -23.3533 million yuan, a decrease of 19.61 million yuan compared with the same period last year, mainly due to the increase in inventory scale during the reporting period, which was caused by the sale of stock in the second half of the year.

Jiuzhou Optoelectronics (Stock code: 830995)

Company full name: Sichuan Jiuzhou Photoelectric Technology Co., LTD

Legal representative: Xie Yongjun

Registered capital (ten thousand yuan) : 16,900

Listing Date: 2014-8-13

Transfer method: Agreement

Business model: It is a subsidiary of Sichuan Jiuzhou Electric Appliance Group Co., LTD., with two operating bases in Sichuan and Shenzhen. According to reports, the company specializes in LED semiconductor lighting products, LED display and LED devices R & D, manufacturing and sales, with urban and road lighting engineering design secondary construction qualifications and capabilities. With direct sales, channels, ODM mode to provide global customers with LED semiconductor lighting overall solutions and products, BT, EMC, PPP mode to contract all kinds of commercial and municipal lighting projects. In the domestic market, the main use of direct sales and channels combined model. LED packaging device products are sold directly to downstream LED application enterprises, and display and lighting products are sold directly to end customers in addition to overall solution sales, but also through dealers and agents. In overseas markets, the main business models include supplying ODM products to internationally renowned brands, industry giants and supermarket chains, collaborating with importers/distributors under their own brand Greeble, and directly participating in bidding for projects. The company's operating income is mainly product sales income and project income. There were no significant changes to the company's business model during the reporting period.

In terms of operating conditions, in the first half of 2015, the company achieved operating income of 11,889,600 yuan, down 52.88% year-on-year; Net profit of -7.026,900 yuan, a year-on-year reduction of 74.08%; Net cash flow from operating activities - 47.328,900 yuan, down 21.8587 million yuan year-on-year. In the first half of 2015, the company's operation and management work closely focused on the overall policy of "continue to promote structural adjustment, vigorously improve the ability to grasp the single, strictly control costs, strengthen accounting and improve efficiency" formulated at the beginning of the year, all aspects of the business are profit-oriented, from the research, production, marketing and management aspects of continuous adjustment to dig deep potential, and strive to improve the business gold content. During the period, the company's comprehensive gross profit margin increased from 10.74% in the same period last year to 23.11%, the increase rate was more than 115.18%, the gross profit level has approached the industry average level, and the three expenses also decreased by 25.07% compared with the same period last year.

Weight Lighting (Stock code: 832435)

Company full name: Shanghai Lide Lighting Technology Co., LTD

Legal representative: Chen Weiping

Registered capital (ten thousand yuan) : 1250

Listing Date: 2015-5-11

Transfer method: Agreement

Business model: The main business is LED AC direct drive technology research and development and related application lighting products production and sales, products covering commercial lighting, office and indoor home lighting. According to reports, the core photoelectric module of the enterprise is produced by itself, and the lamp assembly is through the form of OEM, so as to concentrate resources for technology research and development and market development. Adopting this model is conducive to giving full play to the advantages of the company's research and development technology, constantly developing new technologies and products, maintaining the company's leading advantage in the field of communication direct drive technology, and then expanding the company's sales scale. During the reporting period, the company's main business contents did not change, mainly for LED AC direct drive technology research and development and related application lighting products production and sales.

In terms of operating conditions, as of the end of the reporting period, the company's current assets totaled 23,689,200 yuan, an increase of 44.21% over the previous year, accounting for 66.07% of the total assets, an increase of 7.38% over the previous year. Among them, the monetary fund was 1.0553 million yuan, an increase of 5,525.20% over the end of the previous year, mainly due to the increase in paid-in capital of the company; Accounts receivable were 17,755,400 yuan, an increase of 36.42% compared with the end of the previous year; The total current liabilities of the company were 12.8456 million yuan, an increase of 18.28% compared with the end of last year, and the tax payable was 368,500 yuan, a decrease of 85.20% compared with the end of last year; The total assets of the Company were RMB 35.8530 million, an increase of 25.44% over the end of last year, and the total liabilities were RMB 12.8456 million, an increase of 18.28% over the end of last year; Total shareholders' equity was $23,300,300, an increase of 29.82% from the end of the prior year, primarily due to the increase in share capital and capital reserves. During the reporting period, the company closed business