民爆光电：中国LED出口巨头登陆创业板 专注绿色照明领域
8月4日，深圳民爆光电股份有限公司(股票代码"301362")成功登陆深交所创业板。这家成立于2010年的国家高新技术企业，已成为中国LED照明出口领域的领军企业之一。
On August 4th, Shenzhen Minbang Optoelectronics Co., Ltd. (Stock Code: "301362") successfully listed on the ChiNext Board of the Shenzhen Stock Exchange. Established in 2010, this national high-tech enterprise has become one of the leading companies in China's LED lighting export sector.
根据招股书披露，2020-2022年，民爆光电营收复合增长率达17.64%，2022年收入接近15亿元。公司产品远销欧洲、大洋洲等发达国家和地区，服务客户包括远藤照明、岩崎电气等国际知名企业。
According to the prospectus, from 2020 to 2022, Minbang Optoelectronics achieved a compound revenue growth rate of 17.64%, with 2022 revenue approaching 1.5 billion yuan. The company's products are exported to developed countries and regions including Europe and Oceania, serving internationally renowned clients such as Endo Lighting and Iwasaki Electric.
出口业务表现亮眼
Outstanding Export Performance
数据显示，2020-2022年民爆光电出口收入占比均超过95%。据中国照明电器协会报告，2019年公司在中国LED灯具出口企业中排名第四，仅次于立达信、阳光照明和昕诺飞。
Data shows that from 2020 to 2022, Minbang's export revenue accounted for over 95% of total revenue. According to a report by the China Association of Lighting Industry, in 2019 the company ranked fourth among China's LED lighting export enterprises, behind only Leedarson, Sunshine Lighting and Signify.
全球LED照明市场规模从2016年的563.77亿美元增长至2019年的677.15亿美元，年均复合增长率6.30%。中国LED照明产品出口额从2010年的约50亿美元增长至2021年的474.45亿美元。
The global LED lighting market grew from $56.377 billion in 2016 to $67.715 billion in 2019, with a CAGR of 6.30%. China's LED lighting product exports increased from approximately $5 billion in 2010 to $47.445 billion in 2021.
盈利能力行业领先
Industry-leading Profitability
2020-2022年，民爆光电主营业务毛利率分别为34.11%、28.19%和32.09%，高于行业平均水平。2021年净利率达11.22%，在9家LED头部企业中排名第一。
From 2020 to 2022, Minbang's gross profit margins were 34.11%, 28.19% and 32.09% respectively, higher than the industry average. In 2021, its net profit margin reached 11.22%, ranking first among nine leading LED enterprises.
公司产品分为商业照明和工业照明两大类，其中工业照明产品收入占比接近50%，较高的毛利率拉动了公司整体盈利水平。
The company's products are divided into two categories: commercial lighting and industrial lighting, with industrial lighting products accounting for nearly 50% of revenue. The higher gross margin of industrial lighting products has boosted the company's overall profitability.
技术创新驱动发展
Technology Innovation Drives Growth
民爆光电坚持"精益管理、拼搏创新"的价值观，2020-2022年研发投入分别为6039.82万元、7094.93万元和7931.73万元，占营业收入比例5.71%、4.74%和5.41%。
Adhering to the values of "lean management and striving for innovation", Minbang's R&D investments from 2020 to 2022 were 60.3982 million yuan, 70.9493 million yuan and 79.3173 million yuan, accounting for 5.71%, 4.74% and 5.41% of operating revenue respectively.
公司累计开发LED照明产品超过40000种，2021年获评国家级专精特新"小巨人"企业，并荣获"碳中和实践创新奖"等多项荣誉。
The company has cumulatively developed over 40,000 types of LED lighting products. In 2021, it was recognized as a national-level "Little Giant" enterprise specializing in niche markets and won multiple honors including the "Carbon Neutrality Practice Innovation Award".
通过本次上市募投项目，民爆光电将进一步提升产能和技术水平，增强综合竞争力，实现可持续发展。
Through this IPO fundraising project, Minbang will further enhance production capacity and technological capabilities, strengthen comprehensive competitiveness, and achieve sustainable development.