A summary of the collection

It is an optical supplier with a general department in Changzhou City, China. The collection mainly produces light, and the main products are diamond light and central tube light, as well as a small number of other types of light, including butterfly light and special light, etc. In 2015, revenue from consumer lighting accounted for 80% of the total income.

According to the Freedonia report, in 2015, Collector was the tenth largest optical supplier in China's communications optical market, while the market's optical consumption accounted for 2.0 percent of China's communications optical market in 2013, and increased to 3.2 percent in 2015.

Industry summary

According to the Freedonia report, China's optical demand rose from 87 million km in 2011 to 200 million km in 2015, with a combined annual growth rate of 23.2%. It is expected that the demand will increase from 240 million km in 2016 to 290 million km in 2020, with a combined annual growth rate of 4.8%.

In addition, according to the Freedonia report, the average inclusive sales (that is, light sales divided by domestic suppliers) has dropped from 130 yuan per kilometer in 2011 to 105 yuan per kilometer in 2015, and it is expected that the average sales will remain between 110 yuan per kilometer and 115 yuan per core kilometer from 2016 to 2020.

Cymbals

The customers of the collection are mainly Chinese credit merchants and e-mail service providers. Due to the limited number of major e-mail network subscribers in the mainland, the cluster is concentrated in the opposite customer group. On the other hand, the main customers of the fair generally involve public recruitment procedures, and if the collection fails to be listed in the recruitment of e-mail network merchant banks in the three major countries of China, it will certainly have a significant adverse impact on the marketing of the market.

Valuation

According to the IPO document, as of May 31, 2016, based on the 11.20 shares expected to be issued after the completion of the sale of the shares, shares should account for 559 million yuan to 60 million yuan per person in the consolidated tangible assets area that has not passed the examination, equivalent to HK $0.60 to HK $0.64 per share. (at the exchange rate of 1.00 yuan to HK $1.20).