Many investors have asked me that your financial situation is very good, the asset-liability ratio is very low, less than 3%. You basically have no debts. Why do you want to go public? I said that I am not listed for money, and NVC is not for lack of money. Listing, I want this ticket to enter the international market, I want to enter this club, I want to play with you, that's it.
M&A is one of the main purposes of our listing financing. Mergers and acquisitions are actually what is missing. In the future, some companies with leading technologies in the industry will be acquired, such as technology-leading companies in the LED field. LED lighting products not only save energy, but also have a longer life, but the cost is too high due to the immature technology. This is a factor that restricts its promotion, but because of this, the space for LED development will be large and the prospects will be very good. At present, our LED products account for a small proportion, but in the future, we may integrate the enterprises with strong LED R&D strength through the power of capital.
The markets in Europe and the United States are relatively mature, the division of labor is relatively small, the channel providers are channel vendors, and the manufacturers are manufacturers. If you develop your own products, it will increase the cost, so in the future, we will acquire some companies with customer resources overseas, and use their mature channels to promote NVC products. We started doing the US market two years ago, and now we have hundreds of millions of sales. Although the overseas market accounts for more than 10% of the total sales of listed companies, in the future, this part of the growth space will be very large.
Wu Changjiang (President of NVC Lighting Holdings Limited)
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