The hottest OPP lighting repurchases nearly 100 mi

2022-08-16
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Opp lighting repurchased nearly 100 million shares

Shanghai Stock Exchange China Securities News OPP lighting released an announcement on the progress of repurchase on the evening of March 17. Since March 1, the company has repurchased 3.79 million shares through centralized bidding transactions, with the highest transaction price of 25.50 yuan/share and the lowest price of 22.9 yuan/share for the "cost reduction and efficiency increase" work, and the payment amount of 92.4135 million yuan. As of March 17, the company has repurchased 3.89 million shares in total and paid 94.9123 million yuan. According to statistics, OPP lighting is one of the companies that have completed the highest repurchase amount since March in Shanghai and Shenzhen

it is worth noting that on February 8 this year, OPP lighting just disclosed the repurchase report on repurchasing the company's shares by means of centralized bidding transaction. The total amount of funds to be repurchased is RMB 114 million to 228 million, and the repurchase period is no more than 12 months from the date when the company's board of directors deliberates and approves the repurchase plan. Shortly after the plan was announced, OPP lighting immediately completed a repurchase of nearly 100 million yuan, which fully demonstrated the company's confidence in future development and continuous return for shareholders by reducing carbon dioxide emissions by 270 kg in one year

According to the recent research report of Western securities, the penetration rate of LED lighting in China has increased from 4% in 2012 to 65% in 2017, and the scale of general lighting industry has increased from 42.6 billion yuan in 2012 to 267.9 billion yuan in 2018, with a compound growth rate of 36%. Compared with the United States (the concentration of the top five leading enterprises in the industry is about 50%), Japan and South Korea and other mature markets, China's LED general lighting industry is extremely fragmented. Driven by factors such as the trend of light source/lamp integration, the improvement of technical requirements, and the inability of enterprises to switch from single product purchase to general lighting scheme design, the industry concentration will increase in the future, and the constant strength effect of the strong is expected to appear. As the leader of LED general lighting industry, OPP lighting has increased its rigidity by 45%; Finally, there is a broad space for growth in the future

during the epidemic prevention and control period, OPP lighting also contacted the Wuhan emergency medical engineering project team at the first time to urgently coordinate Wuhan operations and company resources, fully support the professional lighting fixtures and other related products required for the construction of "Caidian huoshenshan hospital" and "Jiangxia leishenshan hospital", quickly respond to and cooperate with the product needs of the government and the construction party, and assist in the completion of hospital facilities at the first time, reflecting the company's sense of society. (Chen Xiaoli)

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