On January 30, Nova Nebula will apply for an IPO on the Growth Enterprise Market of the Shenzhen Stock Exchange.
Nova Nebula was founded in 2008 and is headquartered in Xi'an, Shaanxi. Since its establishment, Nova Nebula has always been committed to deepening the field of LED display control integrated solutions, focusing on the core algorithms and research of display control, and providing users with professional software and hardware integrated solutions.
According to the letter of intent for the IPO, from 2020 to 2022, the compound growth rate of Nova Nebula's operating income will be 4856%, with a compound growth rate of 667%。In 2022, Nova Nebula's revenue will be 217.4 billion yuan, net profit 30.8 billion yuan. In addition, under the premise of fully considering the current operating conditions, the business plan, financial budget and various assumptions for 2023, the company expects to achieve operating income of 30% in 20234.6 billion yuan, a year-on-year increase of 4010%；Net profit was 61.8 billion yuan, a year-on-year increase of 10056%。
It is understood that Nova Nebula's three major product lines: LED display control, advanced processing, and cloud-based information release and management system, covering the main key links of the LED display industry chain, are closely related to each other and highly synergistic between business segments.
It is understood that in the 2022 Beijing Winter Olympics, the shocking super ground screen, "ice waterfall screen", and giant "snowflake" cauldron screen were successfully out of the circle, which is inseparable from the support provided by Nova Nebula for the LED display system.
In addition, Nova Nebula has also helped many large-scale events such as the Spring Festival Gala of ** TV Station, the Qatar World Cup, and the Hangzhou Asian Games.
The company's leading position in the field of display control and processing gives it a competitive advantage in other business areas. The company's first-mover advantage in the field of core testing equipment and core integrated circuits in the new two business segments will also strengthen Nova Nebula's leading position in the three main business areas.
Specifically, the MLED core testing equipment can realize the correction of the display panel on the production line; MLED shows that the ASIC control chip is a chip-based solution of the traditional solution, which can implement more algorithms with lower power consumption and cost; The LED display control system is responsible for the sending and receiving of the first signal, and the first processing system can splic, switch and other processing of the first source, and the cloud service platform can realize the remote release of the first signal. The five major businesses of Nova Nebula are divided into different positions of the LED display industry chain, connecting the upper and lower levels, connecting each other, and highly collaborative.
Taking the core integrated circuit and core testing equipment as an example, in the integrated circuit link, Nova Nebula's ASIC control chip has a built-in Nova point-by-point chromaticity correction algorithm, which brings a leap in image quality to the MLED display. In the production and testing process, Nova Nebula's demura equipment also has a built-in point-by-point brightness chromaticity correction algorithm to quickly adjust the brightness chromaticity deviation, and realize the uniformity and consistency of display volume and speed on the production line, which provides the possibility for the standardization and mass production of MLED displays. The foundation of the core integrated circuit and the core testing equipment is the core algorithm that Nova Nebula has been deeply cultivated for many years, and with the support of the core algorithm, the integrated circuit business and the testing equipment business have deep interaction and collaborative evolution.
The different business lines of Nova Nebula are connected in series through core algorithms, and customers will be more inclined to choose other products developed by Nova Nebula with Nova Nebula algorithm genes as supporting products for the sake of functional synergy, so as to maximize efficiency and value.
Excellent products are inseparable from research and development, and the prospectus letter of intent disclosed that from 2020 to 2022, the company's R&D expenses in each period were 15.6 billion yuan, 2$1.3 billion and $31.9 billion yuan, accounting for the proportion of operating income respectively47% and 1468%。R&D investment continues to remain high.
With the company's firm investment, as of the date of signing the letter of intent, Nova Nebula has 983 domestic patents (including 519 invention patents), 17 overseas patents (including 16 invention patents), 200 software copyrights, and 9 integrated circuit layout designs.
For future development, TrendForce estimates that the LED market output is expected to grow to 210 in 2027 with the introduction of micro LED into wearable devices, the gradual increase in the volume of miniLED displays, the continued improvement of the penetration rate of automotive LEDs, the steady growth of HDR miniLED automotive displays, and the further expansion of LED display applicationsWith a compound growth rate of 8% from 2022 to 2027, Nova will undoubtedly benefit from $1.3 billion, which has taken the lead in seizing the market.