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华培动力(603121):新股网下申购询价建议报告

東莞證券 ·  Nov 27, 2018 00:00  · Researches

The company is committed to providing high-quality key component products to auto parts suppliers. Relying on the technical advantages, management advantages and customer advantages accumulated over many years, the company has established a stable procurement, production and sales model, especially in the field of turbocharger parts products, and has formed strong industry competitiveness. At present, the company has become one of the world's professional suppliers of key components for turbochargers. In 2015-2017, the company's revenue was 300 million yuan, 328 million yuan, and 444 million yuan respectively, and net profit was 62 million yuan, 70 million yuan, and 99 million yuan respectively. The compound growth rates of operating income and net profit over the three years were 21.62% and 26.83%, respectively. In 2017, the company's comprehensive gross margin was 46.96%, and the net profit margin was 22.24%.

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