Brief Introduction

GuangDong Leary New Material Technology Co.,Ltd (LETE) was founded in April 2004. The company adopts the "functional coating film materials research and development + downstream product development" two-wheel driven mode, engaging in the R&D, production and sales of functional coating film materials and downstream application products. As the company's main business, the functional coating films, composite film material, are widely used as the key materials for electronic components, the key materials for process qualified rate, important modules and protection materials in different areas such as consumer electronics, automotive electronics, LED lighting and semiconductor products. FFC and LED flexible printed circuit as the main products, have significantly substituted traditional wiring harnesses in the related fields and LED lamp strip circuit boards produced by traditional methods. The company has become a leading manufacturer of functional coating films and their applications.

Company Overview

Full name GuangDong Leary New Material Technology Co.,Ltd
Abbreviations LETE
Code 688683
Founded 2-April-2004
Listing 12-April-2021
Domicile Shunde Foshan Guangdong, China
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.57 0.55 0.56
R&D expenditure as a % of operating revenue 5.66% 5.14% 5.23%
Operating Revenue 400.83 380.99 385.70
Net Income 63.31 61.03 56.12

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 400.83 380.99 385.70
Operating Costs 330.16 316.60 323.35
Operating Income 72.94 70.45 64.86
Pretax Income 71.81 70.29 64.21
Income Tax 8.50 9.27 8.10
Net Income 63.31 61.03 56.12

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 410.12 389.08 322.32
Non-current Assets-Total 186.26 112.94 59.98
Total Assets 596.39 502.02 382.30
Current Liabilities-Total 95.08 65.71 92.58
Non-current Liabilities-Total 5.31 3.62 2.06
Total Liabilities 100.39 69.33 94.63
Stockholder's Equity
Share Capital 287.61 287.61 183.63
Retained Profits 208.39 145.08 104.05
Total Owners' Equity 496.00 432.69 287.67

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 51.35 58.46 60.15
Net Cash Flows-Investing -72.03 -60.90 -0.26
Net Cash Flows-Financing -11.39 83.35 36.25

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
广东特耐尔投资有限公司 80.00 71.80%
Xiaoping Fan 12.00 10.77%
Weiquan Gong 4.00 3.59%
西藏承泰创业投资管理合伙企业(有限合伙) 2.79 2.50%
Zifeng Li 2.79 2.50%
佛山市顺德区德鑫创业投资有限公司(SS) 2.23 2.00%
佛山市禾鑫投资合伙企业(有限合伙) 1.90 1.70%
拉萨沣泰创业投资合伙企业(有限合伙) 1.86 1.67%
Zhijin Nie 1.00 0.99%
Yunxiang Liang 1.00 0.90%
April 28, 2021

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