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南卫股份(603880)新股询价报告

Nanwei shares (603880) IPO inquiry report

華鑫證券 ·  Jul 19, 2017 00:00  · Researches

Since its inception, the company is mainly engaged in the R & D, production and sales of transdermal products, medical tape and bandages, sports protection products, first aid kits, nursing products and other products. At present, it has formed a series of products, such as band-aid, plaster, medical adhesive tape, application, sports protection products, first aid kits, nursing products and so on.

(1) after more than 20 years of operation and development, our company has become a medical dressing manufacturer with strong market influence. According to the business characteristics of the medical dressing industry, the company has formed an ODM-based business model, realizing the market layout of coordinated development of markets at home and abroad. The company has established a long-term partnership with Yunnan Baiyao Group, becoming the exclusive product provider of Yunnan Baiyao band-aid and some patch products, and has established cooperative relations with many customers, such as Yuyue Medical (stock code: 002223) and the third affiliated Hospital of the third military Medical University. In addition, the company's band-aid, plaster, medical tape and bandages, dressing and other products have a high market reputation and production brand influence in the domestic and international market.

(2) since its establishment, the company has always regarded the improvement of technology R & D capability as the key to enhance the company's core competitiveness, and the company has attached great importance to product research and development for many years. In viscose blowing technology, high water absorption hydrogel preparation technology, double-sided microporous plaster technology, EVA film band-aid technology, immersion technology, silk breathable tape drilling technology, universal precision adjustment mold base technology, hydrocolloid dressing technology and other aspects in the industry leading level. Relying on good technological research and development advantages, the company continues to expand and enrich its own product line while consolidating the advantages of the original products, and successively develop and sell new products with high technical content and high grade of products, including high-end functional dressings (chitosan wound dressings, alginate wound dressings), sports products, military and vehicle first-aid kits, etc. Continuously improve the company's expected profitability and overall anti-risk ability.

(3) our company is a large-scale adhesive dressing manufacturer in China. In 2016, the company produced 7.7261 million square meters of band-aid, 15.6963 million square meters of adhesive tape and bandages and 1.4424 million square meters of plaster. Scale production helps to reduce production costs, improve the company's profitability, and ensure product quality and stability.

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