About Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd
Mingyue lens Co., Ltd
Initial public offering and listing on GEM
Listing recommendation letter
Shenzhen Stock Exchange:
Orient Securities Company Limited(600958) underwriting sponsor Co., Ltd. (hereinafter referred to as “Dongfang investment bank” and “the sponsor”) has accepted the entrustment of Mingyue lens Co., Ltd. (hereinafter referred to as “Mingyue lens”, “issuer” or “company”) as the sponsor of its initial public offering and listing on the gem. Dongfang investment bank believes that the listing of Mingyue lens is fully in line with the requirements In accordance with the relevant provisions of the company law of the people’s Republic of China, the securities law of the people’s Republic of China and the Listing Rules of Shenzhen Stock Exchange on the gem (hereinafter referred to as the “Listing Rules”), it is hereby recommended that its shares be listed and traded in your exchange. The relevant information on listing is reported as follows:
Unless otherwise specified, the abbreviations or terms in this listing recommendation letter have the same meanings as those in the prospectus of the company’s initial public offering of shares and listing on the gem. 1、 Sponsor statement
As the sponsor of Mingyue lens’s initial public offering and listing on the gem, Yu Jian and Li Zheng, the sponsor representatives of Dongfang investment bank and the project, have been honest, trustworthy and diligent in accordance with the company law, the securities law and other laws and regulations and the relevant provisions of the CSRC and the Shenzhen Stock Exchange, This listing recommendation letter is issued in strict accordance with the business rules and industry self-discipline norms formulated according to law, and the documents issued are true, accurate and complete. 2、 Basic information of the issuer (I) introduction to the issuer
Company name: Mingyue lens Co., Ltd
English Name: Mingyue optical lens Co., Ltd
Registered capital (before issuance): 100.756 million yuan registered capital (after issuance): 134.3414 million yuan
Legal representative: Xie gongwan
Date of establishment of the company: September 17, 2002
Date of establishment of the joint stock company: November 25, 2019
Address: No. 9, Yinxing Road, Danyang Development Zone, Jiangsu Province
Postal Code: 212300
Tel: 021-5297 1886
Fax: 021-5297 1882
Internet address: www.mingyue.com com.
Email: [email protected].
Production of digital camera lens, optical brazing coating, optical lens and optical equipment; Wholesale of optical glasses and related optometry and glasses business; Glasses manufacturing, design, R & D, consulting services and information technology services of glasses products; Warehousing and packaging of goods, logistics information, logistics business consulting services, ordinary goods business scope: transportation and related services; Self support and agency of import and export business of various commodities and technologies. (for items that must be approved according to law, business activities can be carried out only after being approved by relevant departments) general items: Glasses sales (excluding contact lenses); Internet sales (except for the sale of goods requiring permission) (except for items that need to be approved according to law, business activities can be carried out independently according to law with business license)
（2） Main business
The issuer is a leading manufacturer of comprehensive spectacle lenses in China. “Mingyue lens” has a good brand image and market awareness, and has established a perfect national sales network, directly and indirectly covering and serving more than 10000 store customers in provinces and cities all over the country. The company has a complete industrial chain and one-stop service system, and has complete R & D, design, production and sales capabilities. Its business covers R & D, production and sales of resin raw materials, R & D and design of lens optical structure, optical film and functional lenses, large-scale industrial production and personalized customized production of resin lenses, lens frame design and production and sales of finished lenses, Provide the market with eye vision products with stable quality and complete categories.
The design and production of spectacle lenses integrate multi-disciplinary technologies such as mathematics, optics, organic chemistry, surface and structural physics, machining and medicine, and have high requirements for product technical indicators, quality and innovation. After more than ten years of industry precipitation and accumulation, the issuer has mastered the production process of some core raw materials, which can not only meet its own use, but also be sold abroad; And continuously optimize the quality of raw materials and products by optimizing the formula and improving the molecular layer structure of polymers. Combined with its dual advantages in polymer raw material production and large-scale lens manufacturing, the company has the experience and ability to quickly transform cutting-edge new raw materials and realize large-scale production, and continues to actively layout the R & D and reserve of new materials.
In terms of optical design, the issuer has fully combined the material characteristics and human eye visual characteristics, continuously deepened the R & D and industrialization of material modification technology, diopter model technology and precision coating technology, independently developed and designed lens optical structure, optical film structure and specific functional lenses, and constantly pushed through the old and brought forth the new. In addition to providing various high-quality standard products and various functional lens products for the market, the issuer can also provide personalized customized production for customers under complex ophthalmic conditions. At the same time, the issuer cooperated with Academician Zhuang Songlin, a famous optical expert, and his team to establish an industry exemplary academician workstation and glasses engineering technology center to make special efforts to tackle forward-looking topics in the optometry industry.
The spectacle lens market has the demand characteristics of large quantities, multiple categories and multiple diopters, and has high requirements for the stability of product quality and the integrity of product system, which has strict requirements for the modern production management capacity and production system of enterprises. The issuer can control the stable operation of all links from the production source, starting with the guarantee of the industrialized application of high-quality raw materials, self-production and improvement ability, to the design and production of subsequent lenses and frames, and then to the design and production of finished lenses and customized garage films. Under the condition of leading sales in the country, rich categories and complete diopters, Ensure that each lens has stable high quality. At the same time, the company continues to develop new products and processes, provide the market with various luminosity high refractive index, super tough, super bright, ultra-thin, blue light protection, intelligent color change, polarization, progressive multi focus and other performance lenses, and provide customized multi-functional products with composite performance based on the needs of consumers. The issuer’s industrial chain production mode and one-stop service system provide guarantee for the company’s continuous and stable product quality and rich product system.
While ensuring technical advantages and product quality, the issuer has established a multi-level, wide coverage and efficient marketing network system in the national market, trained an experienced marketing team, deeply cultivated the offline terminal store market, expanded online sales channel resources and sunk the service system through the combination of direct sales, distribution and other channels. At present, the number of offline terminal stores directly and indirectly cooperated by the company exceeds 10000. In recent years, online sales have developed rapidly. Under the new retail model, the sales scale of online brand flagship stores directly facing individual consumers has also expanded rapidly. The leading technical strength, excellent production control, stable product quality, rich product system and efficient service network have achieved the good brand image and leading market position of “bright moon lens”. Its production factory has been rated as “national green factory” by the Ministry of industry and information technology. The company’s products have led China’s sales for many consecutive years and won many awards in the industry. Some products are sold to the United States, Japan and other places. （3） Core technology and R & D level
1. Issuer’s core technology and its source
The issuer is mainly engaged in the R & D, design, production and marketing of ophthalmic products such as lenses, lens raw materials and finished lenses
Sell. Through long-term R & D practice, the issuer has accumulated certain core experience in the field of lens production and lens raw materials
Technology. At present, the core technologies being used by the issuer’s main products are as follows:
Serial No. main product core technology name technology description technology name source
11.71 refraction is a kind of lens with high refractive index and high Abbe number. The refractive index is about 1.71, and the Abbe number of the manufacturing process of the original index lens resin lens is between 34 and 37
2 lenses are used to prepare optical materials with high light transmittance and high weather resistance. The light transmittance of the optical materials produced by the technology is greater than 98%, which is the composition of original optical lens materials, and has strong UV resistance and weather resistance
The application of this technology can not only effectively reduce the substrate edge dispersion
3 lens is a kind of PMC anti radiation resin lens, which can improve the visual field aberration caused by the lens, improve the imaging clarity, and the original film and its manufacturing process can improve the impact resistance of the lens and enhance the wearing safety of the resin lens
The resin lens produced by this technology has a refractive index of 1.545,
The sports anti dispersion coefficient of resin spectacle lens is 42, which can effectively reduce the visual field aberration caused by the impact of the original 4 lenses on the optical resin spectacle lens caused by the lens edge dispersion, improve the definition, extract the impact resistance of the lens with high manufacturing technology, and enhance the wearing safety of the resin lens
All sex
5 resin monomer is a preparation method with high scratch resistance. The resin lens produced by this technology can obtain high scratch resistance while ensuring high emissivity of the original monomer and its preparation method
6 resin monomer a kind of high toughness optical resin lens. The resin lens produced by this technology can obtain high toughness while ensuring high refractive index and the emissivity of its preparation method
2. Main scientific research achievements and honors
Year honorary name issuing unit
2011 high tech product certification certificate (PMC optical resin lens) Jiangsu Provincial Department of science and technology
2011 high tech product certification certificate (super tough sports impact resistant resin mirror) Jiangsu Provincial Department of science and technology
Film)
In 2011, China’s well-known trademark was sold by the State Administration for Industry and commerce
Marking Bureau
2012 2011-2012 best scientific and Technological Innovation Product Award (super tough lens) in the National Light Industry glasses information
China glasses science and technology magazine
2012 Jiangsu private science and technology enterprises Jiangsu private science and Technology Enterprises Association
In 2012, the most influential national brand in the National Light Industry glasses information
2014 Xin, China glasses science and technology magazine
Second prize of 2014 scientific and Technological Invention Award China Light Industry Federation
2014 Jiangsu glasses industry excellent manufacturer Jiangsu glasses association, Jiangsu Province
Federation of industry and Commerce glasses industry chamber of Commerce
2014 high tech product certification (1.552 aspheric anti fatigue and anti blue) Jiangsu Provincial Department of science and technology
Optical resin lens)
2014 high tech product certification certificate (1.71 aspheric resin lens) Jiangsu Provincial Department of science and technology
2015 Jiangsu private science and technology enterprises Jiangsu private science and Technology Enterprises Association
Year honorary name issuing unit
Bright moon lenses in 2016: the most national light industrial glasses in 2015-2016 China glasses list
