Congratulations! Roman Co., Ltd. has successfully gone public today!

On April 26, Shanghai Luoman Lighting Technology Co., Ltd. (stock abbreviation: Luoman Shares, stock code: 605289) went public on the Shanghai Stock Exchange, officially entering the A-share market.

Currently, the company has completed the new share subscription. It is expected to issue 21.67 million new shares at an issue price of CNY 27.27 per share, corresponding to a P/E ratio of 22.99 times. After the issuance, the company's total share capital will be 86.67 million shares.

Public information shows that Luoman Shares is a well-known domestic provider of integrated solutions for landscape lighting. Established in 1999, the company has been rooted in the landscape lighting industry since its inception and has cultivated this sector for over 20 years. Its main business includes overall planning and detailed design for landscape lighting, construction of landscape lighting projects, and other services such as remote centralized control management. Among these, overall planning and detailed design for landscape lighting, as well as landscape lighting engineering, belong to the basic businesses of the front-end market, while remote centralized control management and other landscape lighting services fall under the operation and maintenance services of the back-end market.

The prospectus shows that Sun Jianming directly holds a 24.19% equity interest in Luoman Shares, and Sun Kaijun directly holds a 4.66% equity interest; Sun Jianming and Sun Kaijun indirectly control a 23.59% equity interest in Luoman Shares through Luoman Enterprise Management, and indirectly control a 6.62% equity interest in the company through Luojing Investment; Sun Jianming and Sun Kaijun collectively control a 59.06% equity interest directly and indirectly. Sun Jianming is the controlling shareholder of Luoman Shares, and Sun Jianming and Sun Kaijun are the joint actual controllers of Luoman Shares.

Mr. Xie Jiangang, Secretary of the Yangpu District Committee of the Communist Party of China in Shanghai; Ms. Sun Kaijun, Chairman and General Manager of Luoman Shares; Ms. Sun Yingchen, General Manager of the M&A Financing Department at Haitong Securities; and Mr. Sun Jianming, Founder of Luoman Shares, jointly rang the opening bell, marking Luoman Shares' official listing on the A-share market.

Against the backdrop of rapid economic growth, deepening urbanization, and the rise of the "night tourism economy" in China, the landscape lighting market has entered a phase of rapid development. Roman Co., Ltd. has seized market opportunities, established its base in Shanghai with nationwide reach, continuously expanded the landscape lighting engineering market, and strengthened its advantages in design, integrated design-construction-operation-maintenance services, capacity to undertake large and medium-sized projects, and location. In recent years, the company's business has maintained a growth trend. The prospectus shows that for 2017-2019 and January-June 2020, the company's revenue was RMB 346 million, RMB 612 million, RMB 693 million, and RMB 161 million, respectively, while net profit attributable to owners of the parent company was approximately RMB 85.1138 million, RMB 120 million, RMB 145 million, and RMB 31.1064 million. From 2017 to 2019, the company's revenue, operating profit, and net profit all maintained rapid growth, with compound annual growth rates of 41.47%, 30.32%, and 32.09%, respectively.

The company holds dual Class A qualifications: "First-Class Professional Contracting for Urban and Road Lighting Engineering" and "Class A Specialized Qualification for Lighting Engineering Design." In recent years, leveraging its strong professional design and engineering implementation capabilities, the company has successfully undertaken and completed a series of landscape lighting projects with industry representativeness and demonstration effects. These include major events such as the first China International Import Expo, the Boao Forum for Asia in Hainan, the Shanghai World Expo, and the Conference on Interaction and Confidence Building Measures in Asia (CICA), as well as landmark buildings or attractions including the urban areas of Hohhot and Dongsheng District in Ordos, Inner Mongolia; Shangri-La City in Yunnan; the central urban area of Zhangjiajie in Hunan; the Taihu Lake Tourism Resort in Huzhou; the Ancient City of Kashgar; the Huangpu River waterfront in Shanghai (Huangpu section, Pudong section, Yangpu section); the landscape lighting upgrade project for the Import Expo; North Bund in Hongkou; Wujiaochang; Shanghai Exhibition Center; Shanghai Poly Grand Theatre; Century Avenue; Shanghai International Tourism Resort (including Phase 1 of Shanghai Disney Resort); and Lingang New City. The company enjoys a high industry status, market reputation, and competitive advantage. Projects implemented by the company have won influential industry awards such as the Luban Prize for China Construction Engineering (National Quality Project).

At present, competition in the nightscape / landscape lighting sector is gradually shifting from traditional construction to "soft power" capabilities such as planning and design, project management, and after-sales service. Currently, only a few leading companies in the industry continue to extend their supply chain, possessing the ability to provide users with one-stop, full-cycle nightscape / landscape lighting solutions, giving them a clear competitive advantage. Taking this IPO as an opportunity, Roman Co., Ltd. is expected to further enhance its core competitiveness and brand influence. Against the backdrop of strong industry development momentum, the company's high-growth performance trend is likely to continue.

It is reported that to accelerate the company's development, Roman Co., Ltd. has initiated new project layouts, transforming towards a "Smart City" model based on its existing business. The company plans to raise RMB 529 million, of which RMB 394 million will be used to supplement working capital for lighting engineering operations, RMB 45 million for the R&D and Design Exhibition Center project, RMB 35 million for the Urban Lighting Operation and Maintenance Platform and Data Analysis Center project, RMB 25 million for marketing services and network construction, and RMB 30 million for repaying bank loans. These projects aim to enhance operational capabilities, strengthen R&D strength, improve data mining capabilities, and boost business contracting capacity. The company has formulated a development strategy to become a comprehensive service enterprise in the field of landscape lighting, integrating the roles of overall solution provider, post-operation service provider, and smart management information service provider. The implementation of these fundraising investment projects is an important part of this strategy, which will further enhance the company's core competitiveness and promote healthy and rapid business growth.

Luoman Shares announced that its successful IPO on the A-share market today marks a significant milestone in the company's history and ushers in a new chapter of corporate development. The company will further enhance the core competitiveness of its main business, accelerate the layout of new business segments, intensify nationwide market development, solidify the foundation for stable business growth, and create new profit growth points. Leveraging the momentum of going public, Luoman Shares will rely on its capital and resource advantages to continuously promote technological innovation, strengthen its core competitiveness, consolidate and elevate its industry-leading position, and deliver superior performance to reward shareholders, customers, and society.