Bern Optics went to Hong Kong for IPO, the cultivation of mobile phone glass cover giants

According to statistics, in 2021, a total of 520 companies were listed in A-shares, setting a new high for the number of listings in China's capital market, and the Hong Kong stock market, in stark contrast, after the Hang Seng Index hit a new low in nearly a year in November, also directly affected the issuance of new shares, for the sake of Hong Kong stock market sentiment and valuation levels, and even many companies chose to suspend or suspend the Hong Kong listing plan, of which the most watched project should be the international mobile phone glass cover giant Bourne Optics with revenue of nearly HK$30 billion in fiscal 2021.

Public information shows that on July 30, 2021, Bern Optics submitted a Hong Kong IPO application. According to insiders, it has successfully passed the listing hearing of the Hong Kong Stock Exchange in mid-November, but the company's management decided to postpone the global offering based on market conditions, and at the same time grasped the time window to actively meet with cornerstones and strategic investors, and continue to do a solid job in business to enhance revenue and profitability.

At the beginning of the new year, Bern Optics updated the listing application documents and prospectus financial data to the Stock Exchange, which once again became the focus of the market this year.

Aiming at opportunities, taking root in the mainland, and occupying the first place in many markets

Speaking of Bern Optics, the first impression of this company is low-key and mysterious, as a Hong Kong-funded company, there are few public voices, and the market's cognition of Bourne Optics comes from the contact with its products.

According to public information, as the world's leading provider of intelligent device appearance structure and module solutions, Bern Optics mainly provides a comprehensive intelligent device appearance structure and module solutions, including smart phone cover solutions, wearable device cover solutions and tablet computer cover solutions. Products are widely used in people's daily lives, such as the glass screens of mobile phones, notebooks, and watches that people look at every day.

Founded in 2001 and committed to innovation for more than two decades, Bourne Optics was the first company in the world to provide mobile phone glass cover solutions (2004), 3D glass covers for smartphones (2013), foldable smartphone CPI thin film cover solutions (2019) and smart phone glass-ceramic cover solutions (2020), as of 2020, Bourne Optics has invested in 8 production bases, located in Shenzhen and Huizhou, Guangdong Province, China. Tongliao City, Inner Mongolia and Bac Ninh Province, Vietnam. The company's products are sold all over the world, including the United States, South Korea, China, Japan, Germany, Vietnam and Switzerland.

From the perspective of market share, Bern Optics ranks first in the world in many aspects. In terms of shipment value, Bourne has a market share of 17.6% in smart device appearance structures and module solutions, and a market share of about 17.5% in the field of smart phone appearance structures and modules. Further, also in terms of shipment value, Bourne accounts for about 25.5% of the global market share in the field of smart watch appearance structures and modules; in terms of total revenue, it occupies about 22.0% of the market share in the field of tablet glass covers. Bourne Optics' customer base includes almost all major smart device brands, including the world's leading smart devices and consumer electronics applications.

At present, the plant area of Bourne Optical Industrial Park has reached 850,000 square meters, and the combination of technology and production capacity has made Bourne the world's largest glass panel manufacturer, accounting for more than 60% of the global market. The annual output value of the two major production bases in Shenzhen and Huizhou is as high as 30 billion yuan.

Follow the trend, go to Hong Kong for IPO, and practice high-quality development

JPMorgan Chase, HSBC and CICC are the joint sponsors of the offering. According to the latest version of the prospectus, as of September 30, revenue for the first six months was HK$15 billion, an increase of 11% year-on-year, and net profit was HK$1.52 billion, a further increase of 13% year-on-year, and profit margins also increased steadily. The company's financing will be used for financing mainly for research and development of new materials and new technologies, entering related businesses in the field of vehicles, and strengthening intelligent manufacturing to promote the company's diversified business development strategy and achieve high-quality development.

From a segmental perspective, the company also intends to invest in the development of emerging terminal applications and products in the next one to four years. Including smart and IoT appliances, next-generation smart wearables, AR and VR glasses and smart health care devices, and in order to maintain the growth potential of the market, the company has begun to plan the design and development of optically coated 3D glass covers.

Analysts also pointed out that bern optics to Hong Kong IPO, on the one hand, is to consolidate the company's position as an industry giant; on the other hand, to seek new opportunities, looking for new business increments, after all, the field of vehicle related business market space is huge, Bern Optics with many years of deep ploughing glass cover and module solutions of manufacturing experience and technical accumulation, at the same time, the company also has a long-term stable and extensive customer base, including intelligent design brands and auto manufacturers and auto parts supplier customers, the comprehensive advantages are obvious, The imagination is huge.

Shoulder the responsibility of private enterprises and give back to the society in a low-key manner

Want to know more about this enterprise, but also from the founder of Bourne Optics, in 1997 Hong Kong returned, the motherland's increasing strength, but also attracted many Hong Kong and overseas people began to invest in the mainland, out of the yearning for the motherland and the mainland business environment continues to improve, Yang Jianwen and his wife in 2001 formally established Bourne Optics (Shenzhen) Co., Ltd., and then spent 3 billion yuan to invest in Huizhou Industrial Park.

Don't forget your original intention, you have to be consistent. Born in Guangdong, Bern Optics has grown with the development of the mobile phone industry, and has also witnessed the coordinated development of Hong Kong and the mainland. The company is low-key, and the founder and controlling shareholder Yang Jianwen is also low-key and pragmatic, and rarely appears. It is understood that the founder and controlling shareholder of Bourne Optics Yang Jianwen, whose ancestral home is Foshan, Guangdong, is also a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference, according to incomplete statistics, Yang Jianwen in 2015 once donated 10 million Hong Kong dollars to the Hong Kong Guangdong Federation of Community Organizations; donated more than 20 million yuan to the Huizhou Charity Federation. The Company Optics, led by him, only has a total of more than 60 million yuan in various public welfare activities and donations and donations in the Huizhou area. In addition, during the COVID-19 epidemic, in order to fight the epidemic prevention war with the people of the whole country. Bourne Optics generously donated more than 20 million yuan to various places.

These acts of charity and low-key pragmatism have also been highly praised and praised by the Hong Kong SAR Government, the Guangdong Provincial Government, the Huizhou Municipal Government and all sectors of society, and Yang Jianwen has been awarded the title of "Huizhou Top Ten Charity Figures", "Huizhou Honorary Citizen", "Huizhou Charity Figure Award" and many other titles.

We understand that under the leadership of Yang Jianwen, Bern Optics actively practices social responsibility, builds a harmonious relationship with employees, society and the environment, and actively integrates it into the daily management and operation of the enterprise, and regularly identifies related risks.

The concept of "entrepreneur" was first proposed by the French economist Richard Cantillon in 1800. The market needs entrepreneurs, but also needs entrepreneurial spirit, what is entrepreneurial spirit, overcome difficulties, help the weak, and the responsibility and responsibility at key moments show entrepreneurial spirit. Enterprises like Bern Optics, which are supported by an entrepreneurial spirit, hope that the capital market will see more in the future.