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日盈电子(603286)新股询价报告

Riying Electronics (603286) IPO inquiry report

華鑫證券 ·  May 16, 2017 00:00  · Researches

Company profile

The company is mainly engaged in the R & D, production and sales of automotive washing system products, automotive precision injection molding parts and small wire harness, automotive electronic sensors and motorcycle parts such as motorcycle wire harness. At present, the company has production bases in Changzhou, Jiangsu, Jiangmen, Guangdong and Changchun, Jilin, as well as R & D facilities in Changzhou and Shanghai. In its early days, the company focused on the production and manufacture of motorcycle wire harness and connectors, and has now become a long-term partner of the largest motorcycle manufacturer in China, the Great Yangtze River Group, and the three largest motorcycle manufacturers in the world, Honda, Suzuki and Yamaha. The company's business has begun to shift to the automotive industry. at present, it has established stable cooperative relations with domestic well-known vehicle manufacturers such as FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, Chongqing Changan, Shanghai Automobile, FAW Red Flag and other well-known parts suppliers such as Magna and Delphi. In addition, the company is also actively expanding overseas automotive aftermarket, and has established a long-term and stable cooperative relationship with SMP, a well-known auto afterloading market manufacturer in the United States.

The highlight of the company

(1) with the combination of independent research and development and digestion and absorption, the company has accumulated rich experience in the field of auto parts design and development. As an early domestic enterprise to develop automotive washing system products, after years of development, the company has achieved a leading market position in this field, and has a high market share. Its products have covered the main models of FAW-Volkswagen and SAIC-Volkswagen. At the same time, the company's product development has mastered the ability of basic digital model construction, synchronous development of new products and technology sharing of multi-vehicle models on the same platform, which has greatly enhanced the tightness of cooperation with automobile factories.

(2) the company is one of the few domestic enterprises with the ability to develop high-end automotive electronic products. At present, the company has the ability to synchronize the development of automotive electronic products, such as rainfall sensors, sunlight sensors, skylight controller assembly and other high-end automotive electronic products, and has achieved batch supply. The R & D and batch supply of automotive electronic products will help to optimize the company's product structure, meet diversified market demand, and further improve the competitiveness of the company's industry.

(3) the company adopts lean production mode (TPS) to carry out production management, and continuously studies the methods of production automation and improves the level of production automation from five aspects: quality management, man-hour management, schedule management, inventory management and 5S management. By reducing the site area, the rate of defective products, increasing per capita production efficiency and shortening the production cycle, improve the product yield of the company. Reduce the cost of vehicle washing system, motorcycle wire harness and other products.

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