On January 12th, Shenzhen Shiyuhong Optoelectronics Co., Ltd. officially applied for the listing of the New Third Board in recent days, and its listing materials were disclosed on the National Stock Transfer System on December 31. Shi Yuhong was established in August 2009 and completed the share reform in September 2015. Chairman Liu Ruijin held 37.03% of the shares and General Manager Tang Jianwei held 36.16% of the shares. The two were joint actual controllers.
According to the data of the New Third Board Research Institute, Shiyuhong’s operating income for January-August, 2014, and 2013 was 8.255.30 million yuan, 103 million yuan, and 800.17 million yuan respectively. The net profit was -397.41 million yuan and -134.75 million yuan respectively. Yuan, 4,543,200 yuan.
The announcement shows that Shiyuhong's main business is the development, production and sales of LED lighting products. The main products include LED tubes, LED downlights and LED panel lights.
Shiyuhong has a complete and independent production, supply and sales system for the above-mentioned businesses. It has complete business processes, independent business sites, and R&D, procurement, sales and technical service systems and channels. The company independently obtains business income and profits. The ability to independently operate independently in the market does not depend on actual controllers and other related parties for business activities.
Shi Yuhong’s sponsored securities brokerage firm is Essence Securities, the legal advisor is Beijing Yingke (Shenzhen) Law Firm, and the financial audit is Ruihua Certified Public Accountants (special general partnership).
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