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【国信证券】温州宏丰:国内电接触材料整体解决方案提供商

國信證券 ·  Dec 27, 2011 00:00  · Researches

Investment Highlights Company is an overall solution provider in the field of electrical contact functional composites in China. It is mainly engaged in R&D, production and sales of electrical contact functional composites, components and components. In recent years, the company has been in a stage of rapid growth. From 2008 to 2010, revenue increased 63.93%, net profit compound increased 122.60%, revenue from January to June 2011 increased 121.70% over the same period of the previous year, and net profit increased 198.69% over the same period of the previous year. Currently, the main products are divided into three categories: granular and fiber-reinforced composites and components, layered composite electrical contact functional composites and components, and integrated electrical contact components. The main business revenue accounts for 30.96%, 26.97%, and 42.07% respectively in 2010. It has strong R & D and independent innovation capabilities. In recent years, the company has participated in drafting or revising 3 national standards, 39 industry standards, 3 products have been rated as reliable quality products by the China Electrical Appliance Industry Association, 2 products have been recognized as new provincial industrial products by the Zhejiang Economic and Trade Commission, and 18 invention patents have been authorized. On the one hand, the company's core technology is used to prepare environmentally friendly electrical contact functional composites; on the other hand, it saves the amount of precious metal silver used in electrical contact materials, improves the accuracy of the electrical contact preparation process, and recycles waste generated during initial processing to reduce production costs. It has a complete product line and system solutions. As a leading overall solution provider in the field of electrical contact functional composites in China, the company has a complete product system from preparation of various electrical contact materials to integrated electrical contact component processing, which can meet the performance requirements of all low voltage electrical appliances. Currently, the company produces three categories of various electrical contact material products with more than 5,000 specifications, and has a complete electrical contact material product line, from the development of various electrical contact functional composite components to large-scale production, to precision processing of integrated electrical contact components, to provide customers with more cost-effective system solutions while cooperating with customers Jointly complete the development of new products or applications. High quality and stable customer resources, customer orders are gradually expanding. The company's competitive advantages in technology, quality and cost have made the company a supplier to well-known domestic and foreign manufacturers of low-voltage electrical appliances, and has won the recognition and trust of high-quality customers such as Zhengtai Electric, Delixi Electric, Emerson, Sensata, Cooper, General Electric, etc., and customer orders are gradually expanding. Strict supplier qualification certification for these well-known domestic and foreign customers, as well as stable customer relationships based on long-term cooperation, have formed strong customer resource barriers.

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