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恒银金融(603106)新股询价报告

Hengyin Financial (603106) IPO Report

華鑫證券 ·  Sep 1, 2017 00:00  · Researches

  Company profile

The company is a leading smart banking solution provider with financial self-service devices as the core in China. It is committed to providing a full range of smart products, technologies and services such as cash, non-cash, and payment security required in the transformation and upgrading of traditional banks to smart banks.

Company highlights

(1) After years of development and accumulation, the company has become a leading financial self-service equipment manufacturer and smart banking solution provider in China.

During the reporting period, the company successively became a shortlisted supplier to large state-owned commercial banks such as the Agricultural Bank, the Bank of Communications, the Construction Bank, and the Industrial and Commercial Bank, as well as China Post (Postbank). In addition to major state-owned banks, as of the signing date of this prospectus, the company has been shortlisted for a total of 8 national joint-stock commercial banks, 48 urban commercial banks, and 26 provincial agricultural credit cooperatives across the country, with a high market penetration rate. The company's market influence is rapidly increasing, the sales volume of financial self-service equipment is increasing year by year, and its market share is gradually expanding.

(2) The company's main products are cash self-service devices and non-cash self-service devices. The core technology is mainly reflected in hardware and software.

The company has mastered the core technology of all relevant calibers. The production technology for recycling and banknote dispensing machines independently developed by the company has reached the pilot stage, and has performed well in various key indicators such as banknote recognition rate and banknote issuing speed. Part of the funds raised this time will be used for R&D and production projects for a new generation of autonomous modules. In the future, the company's cash-based self-service devices will be able to use self-developed modules. Software is an important core technology for the company's self-service equipment. All of the company's self-service devices are independently developed in terms of software.

(3) The company has established a 24-hour technical support service agency and customer service emergency response mechanism. It has a customer service network covering 31 provincial administrative districts, and provides 7*24 hours of dedicated hotline service and on-site maintenance services throughout the year (including holidays). The company's customer service center has 7 regional management centers, and an adequate spare parts supply and logistics system, which can guarantee the replacement of spare parts for all equipment at any time.

The translation is provided by third-party software.


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