The lighting industry is linked to the expansion of the construction industry. When construction expands Inevitably, the lighting products business tends to grow high as well. Because the lighting products It is an important element used as part of the building.
So, Rich Thai Tuesday’s Next IPO column he will get to knowItthirit Nice Corporation Public Company Limited or ITTHI Business operators, which can be divided into 2 types, which include 1.Electronic equipment distribution Business which includes lighting products and type of equipment IET (Internet of Everything) The company distributes lighting equipment in the category of bulbs, lamps and other fixtures under the trademark name “LIGHT” and leading brands that are popular across the board
2. The business of manufacturing and distributing disinfectant alcohol products The company is involved in the business of manufacturing and distributing disinfectant products similar to alcohol. which has registered the production of alcohol-based cosmetics for sale for hand and body hygiene Non-rinse type in gel, non-pressure aerosol and liquid form in a variety of packaging types and sizes under the brand “UNION CLEAN”. Including contract production OEM for customers with a general interest
Latest ITTHI set the initial public offering price of ordinary shares (IPO) at a price of 3 baht per share, prepare for the first trading day on the Market for Alternative Investments (May)May) On March 22, 2023 in the consumer products category The financial advisor is UOB Kay Hian Securities (Thailand) Public Company Limited and has Finansa Securities Company Limited as the guarantor and underwriter.
To get an overview of operating results for the last 3 years (2020 – 2022) by the year 2020 with a total income of 232.65 million baht every year 2564 decreased to 216.84 million baht and last year 2565. larrier eg The total income was recovered to 227.89 million baht, with the company’s main income from the distribution of electronic equipment in the proportion of 73.80 – 98.22% of gross income
In addition, income from the production and distribution of alcohol disinfectant products which include liquid and gel type of alcohol The company has received the right to distribute from partners under the UNIONCLEAN brand The company has income from the production and distribution of alcohol disinfectant products in the share of 1.36 – 25.58%. of gross income
In the last 3 years (2020-2022), in 2020, the company had a net profit of 18.49 million baht, but in 2021 decreased to a level of 15.04 million baht, a decrease 18.65%from the previous year because the income from the production and distribution of disinfectant alcohol began to decrease after the market began to reach equilibrium. Although the electronic equipment distribution business in the category of lighting products continues to gradually recover.
and the latest year 2022 Net profit recovered to 21.15 million baht, increasing 40.60% Due to the increase in income from the electronics business group according to the general trend of the real estate and construction business groups which continue to improve after the situation COVID 19 As a result, the company was able to control the cost of goods mainly in planning, ordering and shipping.
The electronic equipment distribution business The target customer group is 1.The project’s customers with an average share of around 80% income from distribution of electronic devices 2.wholesale customers with an average share of around 15% income from distribution of electronic devices
3.retail customers with an average share of around 5% revenue from distribution of electronic devices and 4. Government Customers The company started earning income from the aforementioned customers in 2022 with a share of around 3.74% income from distribution of electronic devices
The business of manufacturing and distributing alcohol disinfectants The target customers are: 1. Dealer customers who act as a distributor for the company and 2. retail customers (Retail) The company will market offline and online in a similar way to the electronic equipment distribution business.
while ITTHI Its aim is to be a leader in electronic products in the category of lighting products, renewable energy, intelligent technology devices The company is committed to developing new innovations to suit all lifestyles of people of all genders and ages. To make every place where the company’s products are the best place to live. save energy The atmosphere is beautiful and safe.
Objectives of using money To be used as working capital for the company’s normal business operations, approximately 197.09 million baht within the year 2023 – 2024, with the company’s policy to pay dividends at a rate of not less than 40%. of net profit after corporate income tax For the separate financial statements and after deducting all types of reserves as required by law and the company. And the dividend payment does not significantly affect the Company’s normal operations.
