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晶华新材(603683)新股询价报告

Jinghua New Materials (603683) IPO Quotation Report

華鑫證券 ·  Sep 26, 2017 00:00  · Researches

The company has been engaged in R&D, production and sales of all kinds of adhesive materials, covering all kinds of products, such as masking tape, electronic cloth, etc., which are widely used in building decoration, automobile manufacturing and car beauty, electronic gas products and furniture manufacturing, stationery, shoe materials, airships, high-speed rail and other fields in painting, shielding, fixing, protection, conductivity and insulation in the fields of painting, shielding, bonding, fixing, protection, conductivity and insulation in the fields of America, Europe, the Middle East, Southeast Asia and Africa. The company's customers include well-known domestic and foreign companies such as 3M, Qingdao Haier, Metro, Panasonic Energy, TCL, etc.

(1) Through independent research and development and independent innovation, the company has gradually mastered a number of core technologies, designed many key process steps such as masking paper and cloth preparation, adhesive preparation, and precision coating, and developed key technologies with independent intellectual property rights, reaching the leading level in China. In 2014, it was recognized as a small science and technology giant enterprise in Shanghai. The company is the drafting unit for masking paper and adhesive tape industry standards in the adhesive tape industry, a governing unit of the China Adhesive and Adhesive Tape Industry Association, and has established an industry-university-research joint laboratory with Shanghai Jiao Tong University.

(2) The quality of the company's products is stable, recognized by domestic and foreign customers, and has become a partner manufacturer of many well-known domestic and foreign companies (such as 3M, Qingdao Haier, Metro, Panasonic Energy, TCL, etc.). The company has passed the ISO 9001:2008 quality management system certification and strictly complies with ISO 9001 international standards. In addition, the company's dominant product, masking tape, is highly competitive in domestic and global markets. According to data from the China Adhesives and Adhesive Tape Industry Association and the calculation of the company's annual production of masking tape, in 2015, the company's share of masking tape in China reached 29%.

(3) The main product produced by the company is masking paper, and the main raw material of masking paper adhesive tape is masking paper. The stability of masking paper directly affects the quality of the company's products. The company acquired Zhejiang Jingxin in 2012. Zhejiang Jingxin specializes in the production of special industries, mainly masking paper. Through this acquisition, the company improved the industrial chain, reduced production costs and ensured a stable supply of raw materials, thereby ensuring product quality.

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