Orolay Technology's IPO on the Growth Enterprise Market has been accepted for a well-known company in the global mobile lighting sector.

On June 9, Awesomelight Technology Group Co., Ltd. (referred to as Awesomelight Technology) has been accepted for listing on the ChiNext board of the Shenzhen Stock Exchange. GF SEC is its sponsor institution, with a planned fundraising of 1.225 billion yuan. According to the prospectus, Awesomelight Technology was founded in 2017 and is a national high-tech enterprise specializing in the research, development, design, production, and sales of high-quality consumer-grade mobile lighting products. Its main products include various types of flashlights, clip lights, headlamps, other mobile lighting products, and peripheral products, which can be widely used in daily illumination, outdoor sports, maintenance, search and rescue, as well as entertainment and hunting scenarios. After years of product iteration, technology upgrades, brand building, and business model exploration, the company has grown into a well-known enterprise in the global mobile lighting field, striving to provide users worldwide with consumer-grade mobile lighting products that are designed with a strong sense of design, high practicality, and rich functionality. The company mainly relies on the "Olight" brand to expand its domestic and international markets and uses an online sales-oriented model with offline sales as a supplement to achieve global sales. Online sales mainly utilize a cross-border e-commerce sales model driven by "Amazon + brand website", which is the company's main sales model. Offline sales mainly involve selling self-branded or ODM products to retail or trade customers globally, with a few company-operated stores as well. Awesomelight Technology is an important participant in the global consumer-grade mobile lighting field, focusing on the research, development, design, production, and sales of high-quality consumer-grade mobile lighting products. According to Verified Market Research data, the market size of the global consumer-grade mobile lighting industry in 2024 will be $2.945 billion. Based on the company's revenue scale in 2024, the company's market share in the global consumer-grade mobile lighting industry is approximately 6.52%, firmly establishing its position in the industry's leading group. Key B-end customers of the company include Amazon VC, Handshake Finland Oy, Blue Ridge Knives, Inc., H. L., Dalis, Inc., among others. The funds raised from this offering, after deducting related expenses, will be used for the following projects: - Financially, in the fiscal years 2023, 2024, and 2025, the company is expected to achieve operating revenues of approximately 1.192 billion yuan, 1.35 billion yuan, and 1.665 billion yuan respectively. During the same period, net profits are expected to be approximately 57.1228 million yuan, 53.7664 million yuan, and 84.4678 million yuan respectively.