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Casa> Blog> LED added to the force of the force of the Hon Hai Group LED factory Rongchuang application for listing

LED added to the force of the force of the Hon Hai Group LED factory Rongchuang application for listing

March 18, 2023
The LED packaging factory of Hon Hai Group has been applied for listing this week, and it is expected to be listed before the end of the year to add new force to LED.

Rongchuang, formerly known as Advanced Development Optoelectronics, was founded in 1999. According to the information in the publicly available documents, Hon Hai Group's related companies have a high proportion of shares, including Innolux Group's investment of 8.74%, 8.48%, and Baoxin International 7.58 %, Jingding Precision 6%, Transworld Holdings 6%, etc. In addition, Taiwan's Japan Yahua holdings are also up to 11.45%. Under the two rich fathers' aura, the future listing action will be the focus of the market.

Rongchuang's consolidated revenue last year was 6.383 billion yuan (NTD, the same below), an annual increase of 22.58%; consolidated gross profit margin was 19.55%, an annual increase of 2.24 percentage points; after-tax net profit of 687 million yuan, an annual increase of 52.55%; EPS 5.29 Yuan, not only set a record high in history, but also hopes to successfully defeat Yiguang to win the profitable throne of LED industry.
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