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迪贝电气(603320)新股询价报告

Diebe Electric (603320) Inquiry report on New shares

華鑫證券 ·  Apr 12, 2017 00:00  · Researches

Company profile

The company's products are the core components of refrigeration compressors, which are widely used in refrigerators, freezers, central air conditioners, display cabinets, cold storage and other refrigeration equipment. The company's motor products through Huayi Compression, Danfoss and other mainstream compressor manufacturers, indirectly supporting Haier, Midea, Meiling, Bosch, Siemens, Electrolux, GE and other domestic and foreign well-known brands of refrigerators, as well as Gree, York, Kelly and Johnson controls and other commercial refrigeration equipment manufacturers. In the field of household refrigeration equipment, the company will seize the opportunity of upgrading the consumption of domestic refrigerators and other household appliances to consolidate and improve the position of the industry. In the field of commercial refrigeration equipment, the company will devote itself to the technology substitution of foreign manufacturers to achieve the sustainable development of the company.

The highlight of the company

(1) the company has continuous R & D capability and core technology in compressor motor, and has maturely mastered all aspects of refrigeration compressor motor production technology. The motor efficiency of the refrigerator compressor produced by the company can reach more than 85%. After assembling the compressor, the energy efficiency ratio can reach more than 2.0. In addition, the company's pole boot technology and magnetic pole mosaic technology break through the traditional motor stator and rotor process design, and effectively solve many technical problems such as low processing efficiency, motor downline easy to scratch enamelled wire, magnetic pole embedded gap and so on. The company is one of the few enterprises that master the core technology of variable frequency compressor motor in China. The company's brushless DC motor for frequency conversion refrigerator compressor has been mass produced to meet the market's growing demand for high-end refrigerators with high efficiency and energy saving.

(2) through the implementation of strict technical standards and quality control of the production process, the compressor motor products have passed the American UL safety certification, SGS testing, EU ROHS directive and the procurement quality certification of many large-scale refrigeration compressor manufacturers. At present, the company has become a supplier of well-known compressor manufacturers at home and abroad, such as Huayi Compression, Jingzhou Huayi, Gasibela, Qianjiang Refrigeration, Danfoss Group, Bristow, Duling, Italy, Hangzhou New Neon, etc., and has established a stable supply relationship with these enterprises, laying a sound business foundation for the company.

(3) the company has established a cost management system, which controls the cost of each department and product project from top to bottom, and urges each production department to reduce the production cost as much as possible on the basis of ensuring product quality. Through continuous technical research and development and new product development, the company continues to improve the technological process and product design, and reduce unit consumables. The company also makes up for the impact of rising labor costs by improving automation and strengthening process control to improve labor productivity. In response to the pressure of raw material price fluctuations on the company's cost control, the company has developed a pricing mechanism based on the linkage between sales prices and raw material prices to transfer the risk of raw material price fluctuations downstream. While expanding the production scale, the company strengthens the cost control to ensure that the company has a stable profit space.

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