As the first A-share IPO company in Hubei this year, Ruike Laser has attracted much market attention. Recently, due to “inconsistent data in the two prospectus pages”, the company was once again pushed to the forefront. Looking at the Ruike Laser prospectus, it can be seen that the so-called “fighting before and after the data” is likely to be caused by the company’s retrospective financial adjustment.
According to the disclosure of Ruike Laser, in March 2017, the company acquired 85% equity of Ruixin Optical Fiber to achieve a business combination under the same control. According to relevant regulations, the financial data of Ruike Laser was retrospectively adjusted in accordance with accounting standards, resulting in the previous financial data. change. After the adjustment, the main data in the company’s balance sheet, income statement, cash flow statement and main financial indicators have changed accordingly.
Ruike Laser is an enterprise mainly engaged in optical fiber green laser pointer. The core fiber that produces special optical fiber is its upstream enterprise. According to Ruike Laser, after the acquisition, the company will realize the self-production of key raw materials, improve the industrial layout of self-produced components and materials, and exert synergistic effects. At present, the relevant fiber products produced by Core Fiber have met the fiber laser. For production needs, the company expects to gradually purchase special optical fibers from Core Fiber in the future and expand the supply of key raw materials.
Judging from the performance of the past few years, from 2015 to 2017, Ruike Laser achieved operating income of 312 million, 523 million and 952 million yuan, respectively, and realized net profit of 24.64 million yuan, 89.04 million yuan and 277 million yuan, respectively. Some industry analysts have pointed out that Ruike Laser achieved high growth, mainly because the company’s product technology development has responded to the growing industry demand, and the market has a high degree of recognition.
According to reports, as one of the leading companies in domestic fiber green laser pointers, Ruike Laser launched quasi-continuous fiber lasers and semiconductor laser products in 2016, and gradually realized some core components such as self-made pump sources and passive fiber devices. Become the company’s new profit growth point.
At present, Ruike Laser has realized the large-scale production of two series of fiber lasers with pulses within 200W and 6000W, and small-scale production of continuous fiber green laser pointers with 6000W and above. More than 40 countries and regions.