On April 26, 2021, Shanghai Roman Lighting Technology Co., Ltd. (stock abbreviation: Roman Holdings, stock code: 605289) held a grand ceremony for its initial public offering (IPO) on the A-share market at the Shanghai Stock Exchange building. Roman Holdings made its debut on the A-share market, becoming the first enterprise within CCUI investment portfolio to achieve an IPO on the main board. The offering price was set at 27.27 yuan per share, with an offering price-to-earnings (P/E) ratio of 22.99 times.
Roman Holdings, established in 1999, is a leading provider of comprehensive urban landscape lighting solutions in China. Over the past 22 years, the company, centered around the "City That Never Sleeps," Shanghai, has expanded its presence to regional markets in Inner Mongolia, Hainan, Xinjiang, Yunnan, Hunan, Hubei, Zhejiang, and more. Roman Holdings has successfully undertaken and completed a series of landmark landscape lighting projects with industry significance and demonstrative impact, including the First China International Import Expo, Boao Forum for Asia in Hainan, Shanghai World Expo, Asia-Europe Meeting (ASEM) Summit, and other large-scale events. In terms of qualifications, Roman Holdings has obtained the highest-level qualifications in China's lighting engineering industry, including "First-Class Professional Contracting for Urban and Road Lighting Engineering" and "Class A Specialized Lighting Engineering Design," showcasing its professional strengths.
In 2016, CCUI made a strategic investment in Roman Holdings, becoming one of the important external capital sources introduced during Roman Holdings' development journey. Other external investors include Sinopec Cred Holding Co., Kunzhong Capital, and Industrial Securities Co., Ltd. After establishing this strategic partnership, CCUI has leveraged its internal resources and shareholder advantages to work closely with Roman Holdings. They have jointly seized strategic opportunities, especially in projects related to smart cities, fostering collaboration and interaction. This proactive and effective partnership has further expanded Roman Holdings' business and solidified its competitive advantage in the market.
Mr. Wei Jianhua, Chairman of CCUI, represented the company at the initial public offering (IPO) ceremony. Both parties intend to embark on a comprehensive strategic cooperation in various fields, including industrial park development, smart cities, and transportation. Leveraging their capital and resource advantages, they aim to integrate the industrial chain horizontally and vertically, nurture new profit growth points, and jointly build innovative smart cities. This partnership will contribute to promoting high-quality urban development.
