11 venture capitals get together
On June 1, 2012, Huacan Optoelectronics was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. In the prospectus, there are several venture capital firms among the company's sponsor shareholders.
Since its establishment in 2005, Huacan Optoelectronics has received investment from 11 venture capital institutions including IDG, Zhejiang Huaxun, Jinshi Investment, Start Growth, Tianfu Huaneng, Guofu Yongqin and Jinzhi Huifu through PE. Among them, IDG also set up two separate funds for the participation of Huacan Optoelectronics: JingTianI and JingTianII. IDG made three rounds of investment in Huacan Optoelectronics, amounting to more than 100 million yuan.
When Huacan Optoelectronics was established, its registered capital was 40 million yuan, and the first phase was only 2.2 million yuan. According to the total share capital of Huacan Optoelectronics' 300 million shares and the current price of 9.05 yuan per share, Huacan Optoelectronics currently has a market capitalization of 2.7 billion yuan.
Financing channel selection
Hua Ai Optoelectronics, Secretary-General Ye Aimin proposed in 2010 that the high-growth enterprise CEO summit held by the venture capital firm Qingke Group proposed that the sources of funds have different advantages and disadvantages. The key is to meet the needs and affordability of the enterprise at that time. Risk is coming.
Ye Aimin believes that from the perspective of manufacturing, the cost of debt financing will be even lower when the asset-liability ratio allows. However, this also requires the profitability of the enterprise itself. Therefore, in this case, for high-growth manufacturing enterprises, debt financing is limited; equity financing is better financing if the price is reasonable. the way. When choosing an investment institution, Huacan Optoelectronics is mainly interested in its understanding of the industry, and more importantly is the attributes of investors themselves.
Technology companies are favored
“Because it can provide a good profit forecast for the market, Huacan Optoelectronics can attract the attention of venture capital. Technology innovation is a high-risk, high-yield project, so such enterprises have greater demand for funds.†Optoelectronics' successful financing experience, He Zaihua, a senior researcher at China Investment Consulting, believes that its original development is based on the government's policy of supporting the development of the LED industry. On the other hand, it is different from other LED companies in the middle and low-end processing. Huacan Optoelectronics pays more attention to technology research and development.
“Technical companies are more attractive to investment institutions.†He Zaihua said that how to successfully obtain investment from private equity institutions is essentially the same as how to do a good business. He believes that the company's technological competitiveness, leading business model and potential market demand are the reasons why companies can attract investment institutions. Huacan Optoelectronics just has these conditions.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Coupletech Co., Ltd., manufactures, develops and markets a variety of optical crystals which are widely used in the field of optoelectronics, Coupletech product line consists of all kinds of crystal: laser crystals including Nd:YVO4, Nd:YAG, Diffusion Bonded Composite Crystal, Cr:YAG, Nd:YLF etc.; Nonlinear optical ( NLO ) crystals, including KTP, KTA, BIBO, LBO, BBO, DKDP, KDP, LiNbO3 crystal, etc.; Fluoride crystals including CaF2, BaF2, MgF2; Periodically poled crystals: PPLN crystal, MgO:PPLN crystal. We combine high and strict quality manufacturing to supply our products at the most attractive price. We also provide Ti: Sapphire, TGG, AGS, ZGP and other crystals for laser and telecom industries.
Coupletech's Optical Crystal combined with our wide experience and deep technology, we are able to deliver the optimum solution for your applications. We are flexible in customized products and features in high surface accuracy, high surface quality, high flatness. We are also well experienced in the high laser damage threshold AR coatings and HR coatings.
Optical Crystal
Optical Crystal,Laser Crystal,Nonlinear Optical Crystal,Magneto-Optic Crystal
Coupletech Co., Ltd. , https://www.coupletech.com