The company was founded on June 16, 1997. It is a high-tech enterprise that manufactures high-end equipment in the military industry. It is a strategic emerging industry supported by the state. Since its establishment, it has adhered to the development strategy of original aviation equipment products and high-end manufacturing, and has responded positively to the country's “Made in China 2025” and “civil-military integration” strategic plans. A number of independently innovated aviation equipment technologies and products have filled gaps in the country, broken through the monopoly and blockade of key international weapons and equipment technologies, such as airborne weapon launch tracking systems, airborne all-electric folding systems, etc., and solved many major technical problems that have long puzzled aviation engine manufacturers and military users. The company is the only supplier of airborne equipment such as pylon tracking systems, turret tracking systems, radar antenna receivers, electric lifting winches, and buoy launch devices for military aircraft in China. The company's products are widely used in land, sea, air and armed police forces, spread across five major war zone forces, covering aircraft platforms such as helicopter gunships, carrier-based helicopters, special aircraft, and drones. The products provided by the company are stable, reliable, and have strong guarantees, and are widely used in major projects or military operations such as the National Day military parade, the 70th anniversary of victory in the War of Resistance Against Japanese Aggression, escort in the Gulf of Aden, the international military competition “air darts”, and the evacuation of overseas Chinese from Libya. With strong R&D strength and excellent product quality and service, the company has received many commendations and awards from authorities and military forces, making outstanding contributions to the improvement of the combat effectiveness of China's military aircraft. In 2015-2017, the company's revenue was 250 million yuan, 254 million yuan, and 307 million yuan respectively, and net profit was 106 million yuan, 111 million yuan, and 117 million yuan respectively. The compound growth rates of operating income and net profit over the three years were 10.70% and 4.97%, respectively. In 2017, the company's comprehensive gross margin was 67.96%, and the net profit margin was 38.02%.
新兴装备(002933)新股网下申购询价建议报告
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