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ADpower IPO in New OTC Market

2015/12/16 11:23:04 Times


 December 16, the National Equities Exchange and Quotationsannouncement showed that ADPower’s IPO application was approved and it would be publicly resaled today, the stock code: 834667.

       According to the announcement, Year 2013, 2014, 2015 January-May revenues for ADPower were 30,348,400 yuan, 60,237,900 yuan, 31,255,900 yuan respectively; net profit were -34.73 million, 3.618 million yuan, 431,300 yuan respectively.

Wabei New OTC Research Institute data showed that Guolian Securities agented this ADPower IPO with Beijing Yingke(Wuxi) law firm as legal adviser and Jiangsu SuyaJincheng Accounting firm (specialized general partnership) as financial auditor.

        Founded on 29th, January, 2012, ADPower (ADPower Technology(WuXi) Co., Ltd) is a LED lighting drivermanufacturer and solution provider, engaging in design, production and marketing of LED lighting driver.

Main products of ADPower is LED driver which is an important part of LED lighting fixtures, mainly applicable to industrial and mining lamps, panel lights, bar lights, spotlights, downlights, ceiling lamps, ceiling lamps, bulb lights, cabinet lights and other indoor LED lighting lamps; street lamps, tunnel lights, high pole lights and other outdoor LED functional lighting; cast light, wall washer, guardrail lights and other LED landscape lighting.



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