On January 30, Nova Nebula (301589.SZ) began the subscription. The issue price was 126.89 yuan/share. The subscription limit was 30,000 shares, and the price-earnings ratio was 21.93 times. It is part of the Shenzhen Stock Exchange GEM, and Minsheng Securities is its sole sponsor.
The Zhitong Finance App learned that on January 30, Nova Nebula (301589.SZ) began the subscription. The issue price was 126.89 yuan/share, the maximum subscription limit was 30,000 shares, and the price-earnings ratio was 21.93 times. It is part of the Shenzhen Stock Exchange GEM, and Minsheng Securities is its sole sponsor.
According to the prospectus, Nova Nebula focuses on the research and application of core video and display control algorithms to provide users with specialized software and hardware comprehensive solutions. During the reporting period, the company's main products included three categories: LED display control systems, video processing systems, and cloud-based information publishing and management systems. The LED display control system is a core component of an LED display.
Relying on the technical advantages and industry reputation formed in the field of LED display control systems, Nova Nebula has gradually expanded its product matrix to the field of video processing and video playback, and continues to launch video processing systems with a series of functions such as video splicing and video switching. It can support various types of display terminals such as LED, LCD, and DLP to improve video image quality and flexible control of display screens. With the development of communication technology and the spread of mobile Internet, the company launched cloud-based information publishing and management system products, which can enable customers to achieve functions such as remote management, remote information release, remote monitoring and remote fault warning of LED screens.
The production process of the company's products mainly includes program burning, SMT surface mounting, THT plug-in welding, machine assembly, aging, and testing. During the reporting period, the company mainly adopted a combination of external processing and internal production to produce based on customer order conditions and market demand forecasts. In order to improve production efficiency and optimize resource allocation, the company handed over processes such as SMT surface mounting and THT plug-in welding to professional external vendors for processing.
During the reporting period, Nova Nebula served more than 4,000 customers around the world. The main customers included LED industry leaders such as Riyadh, Zhouming Technology, Abison, Qiangli Jucai, Lianjian Optoelectronics, etc., as well as security industry leaders such as Hikvision and Dahua Co., Ltd.
The proposed investment projects raised this time are as follows:
On the financial side, in 2020, 2021 and 2022, Nova Nebula achieved revenue of approximately $985 million, $1,584 million, and $2,174 billion, respectively. In the same period, net profit attributable to owners of the parent company was approximately RMB 111 million, RMB 212 million, and RMB 308 million, respectively.