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睿策略:德恩精工(300780):预计上市初期压力位23元-26元

Rui Strategy: Dern Seiko (300780): Expected initial listing pressure level of 23 yuan to 26 yuan

恆泰證券 ·  May 22, 2019 00:00  · Researches

Gongke's main business and highlights

The company's main business: R&D, design, production and sales of belt conveyor parts and their supporting products, such as pulleys, conveyors, conveyors, gears, method 3, industrial belts, polyurethane synchronous belts, etc.

Company source: The company has accumulated a large number of world-renowned customers in domestic and foreign markets and has maintained long-term stable cooperative relationships with the company. Most of these high-quality customers are leading enterprises in their respective industries.

Questioning in a mold

1. It is proposed to use 285 million yuan of capital for the Pingshan Precision Machinery Transmission Parts Intelligent Manufacturing Base Project.

2. It is proposed to use the raised capital of 80 million yuan for Dern Seiko's intelligent manufacturing technology transformation project.

3. It is proposed to use capital of 27 million yuan for the construction project of Dern Seiko's R&D center.

Current Status and Prospects

1. The rapid development of the main engine industry has provided the mechanical transmission parts industry with large market questions.

2. National policy support promotes the continuous steady development of the mechanical transmission parts industry.

Key Potential Risks

1. The issuer is once again subject to a “double reverse” investigation and trade scrutiny between China and the US, further exacerbating the risk of a decline in the company's performance.

The translation is provided by third-party software.


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