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China Intelligent Lighting (CIL) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
China Intelligent Lighting (CIL) (NYSE:CIL) is a Chinese manufacturer of LED lights and products for households and businesses. The company's product offerings include LEDs, fluorescent lights, ceiling lights, metal halide lights, super electric transformers, down lights, and recessed and framed lighting. The company did not have any major customer that had sales over 5% of revenue. [1]
The company has favorable tax rates (VAT) in China. Its VAT tax rate was reduced from 17% to 4% for 2008, 2009, and 2010. The company was granted the reduced VAT tax rate by a local government agency, however there is the possibility that at the higher level of PRC government the reduced tax rate could be overturned. [1]
The company's initial public offering of stock filed on the NYSE exchange on 17 February 2010. The initial price range is $4-$5, and the company plans to raise $16 million by offering 3.5 million shares. [1]
For FY2009 with year ended 31 December 2009, the company had $59.3 million in revenue, up 38.2% from $42.9 million in revenue for FY2008. Furthermore, the company had $7.6 million in net income for FY2009, up 33.3% from $5.7 million in net income for FY2008. [1]
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