The company is an electronic process system solution service provider. It mainly designs process plans according to customer needs, and provides customers with electronic process products involving electronic process system solutions and implementation plans according to the plan. These electronic process products are divided into categories such as electronic equipment, chemical accessories, instruments, electronic tools, and electrostatic purification products.
Electronic process solutions are extremely important for electronics manufacturers to improve production efficiency and achieve lean manufacturing. By formulating scientific and efficient electronic process plans, the electronic process industry applies the welding, bonding, and pasting techniques required for electronic processes to the manufacturing process of specific electronic products, while integrating the process product resources required by electronics manufacturers, which helps electronics manufacturers improve the efficiency of the manufacturing process, reduce production costs, and improve product quality, thereby enhancing the competitiveness of electronics manufacturers.
China's electronics manufacturing industry has reached an inflection point in its future development, and there is an urgent need to improve its competitiveness from a technological point of view, cultivate core competitive advantages, and follow the path of industrial upgrading. Industrial upgrading and independent innovation have ushered in new opportunities for the development of China's electronic process industry. The onset of the financial crisis has prompted broader and deeper strategic cooperation between the electronic information manufacturing industry and electronic process companies.
According to an analysis of the proportion of process product procurement costs in the electronic information products manufacturing industry, electronic process enterprises accounted for about 10% of the total sales value of the electronic information manufacturing industry in recent years. According to the analysis of foreseeable influencing factors, the electronic process industry will maintain a growth rate of around 14% in the future, and the market size will reach 808 billion yuan by 2011, which is higher than the growth rate of the supplier industry.
During the reporting period, the company's overall revenue grew steadily. In 2008, the company achieved operating income of 377 million yuan, an increase of 23.82% over the previous year, and achieved net profit of 25.1 million yuan, a decrease of 24.47% over the previous year, and achieved basic earnings of 0.30 yuan per share. In 2009, the company achieved operating income of 365 million yuan, a year-on-year decrease of 3.12%, and a net profit of 31.34 million yuan, an increase of 24.07% over the previous year, and achieved basic earnings of 0.38 yuan per share based on post-issuance share capital of 0.28 yuan.
From 2007 to 2009, the company's comprehensive gross margin declined year by year, to 26.94%, 26.44%, and 24.64%. The company's expense ratio remained low at 14.09%, 18.52%, and 14.23%, respectively.
The capital raised by the company will be used for 2 projects, and the total capital required for the project will be invested 187 million yuan. The capital raised in this offering exceeds the capital requirements of the project and will be used to supplement the company's working capital.
The company's EPS for 10-12 years is expected to be 0.34,0.43 and 0.54 yuan, respectively. According to the overall method, excluding negative values, the average price-earnings ratio of the electronic components manufacturing industry in 2010 was 47.12 times, respectively. Given the company's growth, we gave the company a price-earnings ratio of 45 to 55 times in 2010, considering that the target range for the secondary market price after the company went public was 15.52 to 18.97 yuan. The average price-earnings ratio of the 20 recently listed SME companies in 2010 was 30.67 times. Assuming that the company's issue price was discounted by 30% from the second-level market price, the recommended inquiry range was 10.87 to 13.28 yuan, and the price-earnings ratio corresponding to earnings per share in 2010 was 31.5 to 38.5 times.