Ruifeng Optoelectronics (300241) rose nearly 100% on the first day of listing

[High-tech LED News] On July 12, N Ruifengguang (300241) new shares listed on the first day of the increase of nearly 100%. Although the biggest decline in the intraday Shanghai index was close to 1.8%, N Ruifengguang rose sharply against the market, and the stock price performance was firm.

As of today's close, N Ruifeng Light reported 18.85 yuan, up 74.54%, turnover rate of 87.29%.

Shenzhen Ruifeng Optoelectronics Co., Ltd. is mainly engaged in the research and development of LED packaging technology and the manufacture and sale of LED packaging products. The company's total share capital is 107 million shares, the number of shares issued this time is 27 million shares, the issue price is 10.8 yuan / share, corresponding to the issue price-earnings ratio of 26.54 times, of which 21.6 million shares of online pricing publicly issued today.

From the valuation of the issue price, the issue price of Ruifeng Optoelectronics corresponds to 18.1 times of dynamic PE and 0.4 times of PEG. Its average dynamic PE of the company Guoxing Optoelectronics, Hongli Optoelectronics and Zhouming Technology is 22.1 times, and the average PEG is 0.6 times. It can be seen that the valuation advantage of Ruifeng Optoelectronics is more obvious.

From the perspective of the company's advantages, the company's technical level is leading in the same industry in China. The company is a national high-tech enterprise. It has been granted 27 patents and 33 patent applications, covering the core technologies of LED packaging such as reliability, light efficiency, color rendering and lifetime.

The company cooperates with TV sets such as Konka to realize the close integration of LCD TV backlight applications; cooperation with AVAGO has improved the process level and quality control capabilities; the company directly provides solutions to downstream customers in the LED lighting packaging business, and improves products. additional value.

In 2010, the company's main product lighting LED and medium and large size LCD backlight revenue accounted for 51.29%, 26.26%, gross margin was 37.63%, 42.62%, respectively, higher than the relevant products of the same industry listed companies.

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