Ostin Technology Group Co., Ltd.
We are a holding company incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct substantially all of our operations through our operating entities established in the PRC, primarily Jiangsu Austin Optronics Technology Co., Ltd. (“Jiangsu Austin”), our majority owned subsidiary and its subsidiaries.
We are a supplier of display modules and polarizers in China. We design, develop and manufacture TFT-LCD modules in a wide range of sizes and customized size according to the specifications of our customers. Our display modules are mainly used in consumer electronics, outdoor LCD displays and automotive displays. We also manufacture polarizers used in the TFT-LCD display modules and are in the process of developing polarizers for the OLED display panel.
We were formed in 2010 by a group of individuals with industry expertise and have been operating our business, primarily through Jiangsu Austin and its subsidiaries. We currently operate four manufacturing facilities in China with an aggregate of 54,665 square meters – two are located in Jiangsu Province for the manufacture of display modules, one in Chengdu, Sichuan Province for the manufacture of TFT-LCD polarizers and one in Luzhou, Sichuan Province, for manufacture of display modules primarily to be used in devices in the education sector.
We seek to build our market position based on our close collaborative customer relationships and a focus on development of high-end display products and new display materials. Our customers include many of the leading manufacturers of computers, automotive electronics and LCD displays in China and worldwide. We have also successfully introduced our polarizers to many companies in China and have witnessed a significant growth in revenue since we commenced the production and sales of polarizers in 2019.
Our dedication to technology and innovation has helped us win the high new-tech enterprise designation in Jiangsu Province, China, which entitles Jiangsu Austin, our main operating entity in China, to a preferential tax rate of 15% and numerous other recognitions, including but not limited to, Jiangsu Provincial Credit Enterprise and Key Optoelectronic Product Laboratory, which are endorsements to our credit and research and development capabilities.
During the fiscal year ended Sept. 30, 2021, our revenue was $167.74 million ($167,744,801) and our net income was $3.3 million ($3,295,507) – up from the previous fiscal year. For the fiscal year ended Sept. 30, 2020, our revenue was $140.07 million ($140,073,917) and our net icome was $2.83 million ($2,831,286).
(Note: Ostin Technology Group Co., Ltd. priced its IPO on April 26, 2022, in line with the terms in its prospectus: 3.38 million shares (3,375,000 shares) at $4.00 each to raise $13.5 million.)
|Address||Building 2, 101/201 1 Kechuang Road Qixia District, Nanjing Jiangsu Province, China 210046|
|Phone Number||+86 (25) 58595234|
|View Prospectus:||Ostin Technology Group Co., Ltd.|
|Revenues||$167.74 mil (last 12 months)|
|Net Income||$3.3 mil (last 12 months)|
|Price range||$4.00 - $4.00|
|Est. $ Volume||$13.5 mil|
|Manager / Joint Managers||Prime Number Capital/ Shengang Securities|
|Expected To Trade:||4/27/2022|
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