BOE and Huaxing Optoelectronics' OLED material supplier Lai Te Optoelectronics enters the Science and Technology Innovation Board

On September 23, according to the Shaanxi Securities Regulatory Bureau, in September 2020, CITIC Securities and Shaanxi Laite Optoelectronic Materials Co., Ltd. (hereinafter referred to as "Laite Optoelectronics") signed a listing guidance agreement. CITIC Securities accepted the entrustment of Laite Optoelectronics and agreed to serve as its initial public offering and A-share listing. The guidance institution.

According to disclosures, Lite Optoelectronics was established on February 21, 2010. The company is mainly engaged in the research, development, production and sales of core terminal materials used in OLED panels, OLED intermediates and pharmaceutical intermediates.

Light Optoelectronics is a domestic high-tech enterprise with a series of OLED material patents. It has completely independent intellectual property rights, breaking the patent monopoly of international manufacturers, and has achieved mass production and sales of OLED terminal materials, realizing the localization of OLED terminal materials, and changing the current situation where domestic OLED panel manufacturers rely heavily on imports for core materials.

OLED materials include intermediates, pre-sublimation materials and terminal materials. Lite-On is a representative enterprise covering the entire industry chain of OLED materials. The company has established close cooperation with major downstream OLED panel manufacturers in the industry and has become one of the core suppliers of OLED panel manufacturers such as BOE, CSOT and EDO.

As of the date of signing of this filing application report, the top ten shareholders of Light Optoelectronics are as follows:

The controlling shareholder and actual controller of Lite Optoelectronics is Wang Yalong, who directly holds 60.91% of the company's shares and indirectly controls 7.09% of the company's shares through Xi'an Qilin Investment, Gongqingcheng Qinghe and Gongqingcheng Qilin, which he controls, and in total controls 68.00% of the company's shares.

According to the disclosure, Lai Te Optoelectronics plans to apply for the Science and Technology Innovation Board with its financial data from 2018 to 2020. From 2018 to 2019, Lai Te Optoelectronics achieved revenue of 114 million yuan and 202 million yuan, and its net profit increased from a loss of 9.172 million yuan to a profit of 74.522 million yuan. In the first half of this year, Lai Te Optoelectronics achieved revenue of 133 million yuan and a net profit of 48.3937 million yuan.