On December 27, Xi'an Nova Nebulas Technology Co., Ltd. (hereinafter referred to as: Nova Nebulas) applied for GEM IPO and was accepted.
The hot LED display drives the development of the video image display control industry
Nova Nebula's subdivision industry belongs to the video image display control industry, and its development is closely related to the development of the LED display industry.
The company pointed out that with the continuous deepening of global informatization and the continuous innovation of display technology, display has become one of the main channels of information transmission, and its downstream application fields are very extensive. As one of the main display methods, LED display screens are widely used.
At the same time, with the development of LED material technology, the LED display industry has gradually incubated new types of LED display products such as Mini/Micro LED displays, enabling LED displays to achieve a more comprehensive coverage, from outdoor to indoor, from commercial To the home, the scale of the LED display industry is gradually expanding.
In the future, with the technological development, application extension and cost reduction of Mini/Micro LED displays, the scale of the LED display market will continue to expand. In addition, as domestic companies have successively made major breakthroughs in epitaxial wafer materials, chip R&D, packaging design, and application technology, my country's LED display manufacturers have also risen rapidly.
Nova Nebula pointed out that since the direct downstream of the video image display control industry is dominated by LED, LCD and other display screen manufacturers, LED display control and video processing systems are positively correlated with the scale of the LED display industry. With the increase in display applications and the popularity of small-pitch LED displays, the scale of the video image display control industry will continue to grow.
It is reported that Nova Nebula focuses on the research and application of core algorithms for video and display control in accordance with the development trend of industry technology, combined with the actual needs of customers and the market, to create core technological advantages. The company has formed a rich product system, with three major product lines: LED display control system, video processing system and cloud-based information release and management system. It can provide customers with comprehensive solutions in the field of LED video display, which are widely used in performing arts. Stages, monitoring and scheduling, competitive events, exhibitions, commercials, virtual shooting, celebrations, conferences, TV studios, information release, creative displays, smart cities and other fields.
Nova Nebulas' main customers include LED industry leaders such as Leyard, Unilumin Technology, Absen, Qianglijucai, Lianjian Optoelectronics, and security industry leaders such as Hikvision and Dahua.
During the reporting period, the LED display control system was the company's main source of income, followed by the video processing system.
It is reported that the LED display control system includes a receiving card, a sending card and a correction system; the video processing system includes a variety of products such as video controllers, video splicers, video switchers, video processors, consoles, and multimedia servers.
Among them, in terms of video splicing devices, Nova Nebula pointed out that thanks to the breakthrough of new Mini/Micro LED technology in the LED industry, small-pitch LED displays rely on the advantages of true seamless splicing, high cost performance, and outstanding display effects. It has been increasingly used in important occasions such as studios, control rooms, and command halls. The small-pitch LED display puts forward higher technical requirements for video processing equipment, and the downstream demand for the company's "two-in-one" video splicer is also expanding. During the reporting period, the company's sales volume of video splicing devices continued to expand due to the expansion of demand, and the unit price of sales showed a significant upward trend due to the increase in the proportion of specific products such as video splicing servers with higher unit prices.
Plan to raise 1.085 billion yuan to expand production and R&D capabilities
In this application for the GEM IPO, Nova Nebula intends to publicly issue no more than 12.84 million RMB ordinary shares. The net amount of the proceeds from the issuance after deducting the issuance expenses will be invested in the following projects in order of priority:
Among them, Nova Optoelectronics Display System Industrialization R&D Base will provide sufficient office and production space for the company's operations after completion, and realize capacity expansion through automated transformation of production, warehousing and other links to meet downstream customers and different application scenarios for LED display The new demand for control and video processing systems is increasing, thereby optimizing the product structure and fostering new profit growth points for the company.
The ultra-high-definition display control and video processing technology center project plans to add R&D equipment and office equipment, expand technical R&D personnel, and focus on technology research and product development in the direction of 4K/8K ultra-high-definition video LED display control and video processing, thereby increasing the company’s independence Innovative capabilities, enrich R&D technical reserves, form a batch of technological achievements and intellectual property rights, and further strengthen the company's technological advantages.
After the completion of the informatization system upgrade and construction, the informatization level of the company's overall operations will be improved, the data connection and sharing of various business processes will be realized, and the company's production management level and management decision-making efficiency will be improved.
The upgrade of the marketing network and service system will further expand the coverage of the company's marketing service network, enhance the company's sales promotion and technical service capabilities at all stages of pre-sales, in-sales and after-sales, enhance the company's brand awareness and market influence, and further expand the company's market share . Nova Nebula also pointed out that with the gradual application of new display technologies such as Mini/Micro LED, the company urgently needs to improve the comprehensive technical level of technical service personnel and create refined products and services.
