Chunguang Technology: to create a global gold medal hose manufacturing enterprise
The company is mainly engaged in the research and development, production and sales of clean electrical hose and its accessories, and is in a leading position in the clean electrical hose industry. The company's products are mainly used in the field of cleaning appliances such as vacuum cleaners, and gradually extended to hanging ironing machines, dishwashers, outdoor cleaning and industrial dust removal systems and other fields. At present, it has formed a product system which is mainly based on hoses and supplemented by accessories. The company has accumulated rich and high-quality customer resources, and has worked with domestic and foreign well-known brands such as Dyson, Lake Electric, Midea, Kovos, Panasonic, Chunju Electric and Ningbo Fujia for more than 10 years. The sales volume and market share of vacuum cleaner hoses produced by the company from 2011 to 2015 ranked first in the same industry in the country. The steady and continuous growth of the clean electrical appliance market has created a broad market prospect for the hose industry. The company's operating income increased from 324 million yuan in 2014 to 457 million yuan in 2017, a compound growth rate of 12%. The net profit of homing increased from 47 million yuan in 2014 to 88 million yuan in 2017, a compound growth rate of 23%.
Highlights of the future:
Point one: with the improvement of people's living standards, the change of consumption concept and the upgrading of consumption structure, the popularity of clean electrical appliances in China has gradually increased, creating a broad market space for the clean electrical hose industry. From 2014 to 2017, the sales of vacuum cleaners in China were 8 million, 10.47 million, 12.19 million and 16 million respectively, with a compound growth rate of 26%. Retail sales of dishwashers in China increased significantly from 2014 to 2017, with growth rates of 65.1%, 70.3%, 104.5% and 129.4%, respectively.
Point 2: the company has accumulated rich and high-quality customer resources and has cooperated with a number of well-known brands at home and abroad for more than 10 years. The company continues to strengthen the ability of technological innovation to meet the systematic and customized product needs of customers, to create a perfect overall solution for clean electrical hoses and accessories, to avoid homogenization competition and enhance the added value of products.
Point 3: the fund-raising project expands the production capacity of the company's clean electrical hoses and vacuum cleaner fittings. after reaching production, it is estimated that the annual output of all kinds of hoses will reach 28 million meters, and the annual output of all kinds of vacuum cleaner accessories will reach 20.8 million, which can alleviate the current problem of insufficient production capacity of the company. enhance their own scale advantages, product advantages, technical advantages, consolidate their leading position in the process of industry concentration.
Risk hint: raw material price fluctuation; customer concentrated risk