Echo Optoelectronics went public and broke: the market value was 4.8 billion in the first half of the year, and the net profit fell by more than 80%

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Leidi.com Lei Jianping July 19

Hefei Eco Optoelectronics Technology Co., Ltd. (abbreviation: "Echo Optoelectronics", stock code: "688610") was listed on the Science and Technology Innovation Board today.

Echo Optoelectronics issued 17 million shares at a price of 73.33 yuan, raising a total of 1.247 billion yuan.

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The opening price of Eco Optoelectronics was 70 yuan, down 4.5% from the issue price; the closing price was 70.34 yuan, down 4% from the issue price; based on the closing price, the company's market value was 4.783 billion yuan.

Net profit in the first half of the year will drop by more than 80%

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As a provider of core components for high-end manufacturing equipment, Eco Optoelectronics is a company specializing in the design, development, production and sales of industrial machine vision imaging components.

The main products of Eco Optoelectronics include industrial cameras and image acquisition cards, which are the core components of industrial machine vision. Among them, industrial cameras are mainly high-speed or high-resolution products, and image acquisition cards are mainly high-speed image acquisition cards compatible with industry standard protocols such as CameraLink and CoaXPress. Both high-speed and high-resolution cameras and high-speed image acquisition cards are high-end product positioning of the core components of machine vision.

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In 2020, 2021, and 2022, the revenue of Eco Optoelectronics will be 68.5638 million yuan, 164 million yuan, and 263 million yuan respectively; the net profits will be -27.3 million yuan, 44.0764 million yuan, and 70.32 million yuan;

In the first quarter of 2023, Echo Optoelectronics' revenue was 57.3575 million yuan, a decrease of 8.22% from 62.49 million yuan in the same period of the previous year; its net profit was 2.92 million yuan, a decrease of 83% from 17.2158 million yuan in the same period of the previous year; the net profit after deducting non-existing expenses was 4.0856 million yuan, a decrease of 69.6% from 13.44 million yuan in the same period of the previous year.

Echo Optoelectronics expects revenue in the first half of the year to be 120 million to 130 million, a year-on-year change of about -19.13% to -12.39%; net profit attributable to shareholders of the parent company is 7 million to 9 million, a year-on-year change of about -84.89 to -80.57%; non-net profit deducted 6 million to 8 million, a year-on-year change of about -85% to -80%.

Dong Ning owns 53% of the voting rights

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Dong Ning is the controlling shareholder and actual controller of Eco Optoelectronics, and serves as the chairman and general manager of Eco Optoelectronics.

Before the IPO, Dong Ning directly held 43.90% of the company's shares, and indirectly controlled 9.17% of the company's voting rights through Hefei Aijue and Hefei Aiju, that is, the actual controller controls 53.07% of the company's voting rights;

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Dong Ning graduated from University of Science and Technology of China. In 2011, Echo Optoelectronics was founded. In the early days of entrepreneurship, the conditions were difficult. Dong Ning often rode a bicycle to and from Hefei Software Park and major factories. He aimed at an important branch of artificial intelligence - machine vision.

In 2012, Echo Optoelectronics was entrusted to develop an industrial camera for a company in Nanjing that could replace foreign products in both functional and performance indicators. Since then, from high-speed industrial line scan cameras, high-resolution area scan cameras, high-speed area scan cameras, to image acquisition cards, more than 40 models of products in 4 series have been continuously launched.

In addition, Tang Shiyue and Ye Jiasheng hold 11.35% of the shares respectively, Cao Guiping holds 9.08% of the shares, the National Small and Medium Enterprise Fund holds 2.75% of the shares, and the SME Fund Tongchuang (Hefei) holds 2.66% of the shares;

Wuhu Jinghu Gaotou Yida holds 1.83%, Hefei Dunqin Zhixin holds 1.61%, Anhui Guochuang Xingtai Smart Growth holds 1.38%, Jingan Investment holds 1.15%, Jiangsu Yida Xinhai and Zibo Tianhui Taiyu hold 1.01% respectively, Hefei Dunqin Zhirui holds 0.83%, Hefei Peiyou Development and SME Fund (Jiangsu No. 2) hold 0.46% respectively %.

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After the IPO, the direct shareholding ratio of the actual controller of Echo Optoelectronics will drop to 32.92%, and the voting rights of the company controlled by the actual controller will drop to 39.81%.

Among them, Dong Ning holds 32.92% of the shares, Tang Shiyue and Ye Jiasheng hold 8.51% of the shares respectively, Cao Guiping holds 6.81% of the shares, Hefei Aijue holds 5.5% of the shares; the National Small and Medium Enterprise Fund holds 2.06% of the shares. Small and medium-sized enterprise fund Tongchuang (Hefei) holds 2% of the shares, Hefei Aiju and Wuhu Jinghugao each hold 1.38% of the shares, and Hefei Dunqin Zhixin holds 1.2% of the shares;

Anhui Guochuang Xingtai Wisdom Growth holds 1.03% of the shares, Jingan Investment holds 0.86% of the shares, Jiangsu Yida Xinhai and Zibo Tianhui Taiyu each hold 0.76% of the shares, Hefei Dunqin Zhirui holds 0.62% of the shares, and Hefei Peiyou Development and SME Fund (Jiangsu No. 2) each hold 0.34% of the shares.

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Origin blog.csdn.net/leijianping_ce/article/details/131820946