Another smart lighting control company passes the BSE review

The 53rd review meeting of the Listing Committee of the Beijing Stock Exchange for 2022 was held recently. Zhuhai LTECH Technology Co., Ltd. (hereinafter referred to as "LTECH") meets the issuance conditions, listing conditions, and information disclosure requirements.

莱特科技's core business is the R&D, production, and sales of smart power supplies and LED controllers, committed to becoming a comprehensive provider of smart lighting control solutions for diversified application fields. Products include smart power supplies, LED controllers, smart home devices, etc.

It is reported that the company has been granted 126 patents and is recognized as a national-level "Little Giant" enterprise specializing in specialized, refined, distinctive, and innovative fields.

LTECH recently made its debut at Light + Building 2022 in Frankfurt, Germany. The company showcased its NFC programmable DALI power supply, hailed by industry experts as "black technology," which achieved a world-first technological breakthrough: previously, power supplies with NFC functionality could only rewrite current; LTECH's NFC programmable DALI power supply directly integrates the DALI master controller into a mobile app or NFC programmer, transforming complex DALI commissioning tasks such as command settings, grouping, and scenes into an ultra-simple mode that anyone can master instantly. LTECH stated that this world-first technology, which implements all DALI master controller command settings via NFC, will significantly save time and costs for lighting projects.

In addition, the whole-home smart products and Bluetooth 5.0 smart power supplies exhibited by Lite Technology at the Frankfurt trade show can all achieve technical updates through OTA online upgrades.

In terms of performance, in the first half of 2022, the company achieved revenue of RMB 80.58 million, a year-on-year (YoY) increase of 42.94%, with net profit of RMB 18.73 million, a year-on-year (YoY) increase of 17.45%.

According to the official website of the Beijing Stock Exchange, Leadtech's application materials were accepted on May 11, 2022, the second round of inquiry responses was completed on September 26, and it passed the meeting on October 12.

According to the prospectus,莱特 Technology plans to raise RMB 138 million in this public offering. Of this, RMB 102 million will be used for the LED controller and smart power supply production capacity expansion project, and RMB 35.7102 million for the R&D center construction project. The LED controller and smart power supply production capacity expansion project aims to add an annual production capacity of 500,000 units of LED controllers and 3.5 million units of smart power supplies.

Leite Technology plans to issue no more than 6.00 million shares in this public offering (excluding the over-allotment option); or no more than 6.90 million shares (if the over-allotment option is fully exercised). The Company and the lead underwriter may decide to exercise the over-allotment option based on specific issuance conditions. The number of shares issued through the over-allotment option shall not exceed 15% of the total shares issued in this offering (i.e., no more than 0.90 million shares).

As of the date of signing the prospectus, the company's controlling shareholder is Leite Investment. Leite Investment holds 9.72 million shares of the company, accounting for 29.45% of the total share capital. The actual controllers of the company are Lei Jianwen and Zhuo Yingzhao, who are husband and wife.