Zhuhai LTECH Technology became the first in Xiangzhou District, and the third in Zhuhai, to be listed on the Beijing Stock Exchange on Dec 7, raising a total amount of 120 million yuan ($17 million) in funds.

Lei Jianwen, chairman of Zhuhai LTECH Technology, noted that the enterprise has been dedicated to building a global leading brand that provides intelligent lighting solutions. The fund will be used for constructing a new R&D center and expansion of production capacity of LED controllers and "smart" power supply equipment.

Zhuhai LTECH Technology gets listed on the Beijing Stock Exchange [Photo by Zhong Fan / Guanhai App]

Founded in 2003 at Nanping Science & Technology Industrial Park, Zhuhai LTECH Technology is one of the earliest companies to start manufacturing of intelligent LED lighting control products in China and has then been devoting continuous effort to its R&D and production innovation. It has garnered titles of National Hi-tech Enterprise and National Specialized, Elaborate, Characteristic, and Emerging "Little Giant" Enterprise. 

As of June 30, the enterprise has been granted 126 patents, including 10 innovation and 83 utility model patents.

Zhuhai LTECH Technology's operations revenue reached 152 million yuan ($22 million) in 2021, an increase of 59.49 percent. It recorded 122 million yuan ($17 million) in revenue in the first three quarters of 2022, a year-on-year increase of 24.44 percent.

Xiangzhou District has been taking the lead citywide in cultivating specialized, elaborate, and emerging enterprises. It is home to 4,000 industrial enterprises and more than 90 percent of them are small and medium-sized enterprises.