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新股网下申购询价建议报告(元利科技、德恩精工、松炀资源)

IPO Offline Purchase Request Proposal Report (Yuanli Technology, Dern Precision, Songyang Resources)

東莞證券 ·  May 13, 2019 00:00  · Researches

Yuanli technology

Company profile

The company is a professional enterprise engaged in R & D, production and sales of fine chemicals. The company has developed a series of dimethyl dicarboxylic acid and fatty alcohol products around adipic acid and its by-product mixed dicarboxylic acid, and a series of plasticizers such as di-octyl phthalate around secondary octanol Sebacic acid by-product. Since its establishment, the company has been guided by the development of circular economy model, based on efficient and comprehensive utilization of resources, and has accumulated and formed a technical system with reactive distillation, esterification synthesis and distillation purification as the core through continuous exploration. Through the comprehensive development and utilization of mixed dicarboxylic acid and sec-octanol, which are the by-products of upstream adipic acid and sebacic acid industry, it has realized the efficient transformation from upstream raw materials, especially bulk chemical by-products, to a series of finished products with high added value and a wide range of applications, so as to improve the value of fine chemical products, improve the efficiency of resource utilization, and promote the development of upstream adipic acid and sebacic acid industry. The company is a national intellectual property advantage enterprise, a high-tech enterprise, an intellectual property demonstration enterprise in Shandong Province, and a pilot enterprise implementing the standard of provincial-level integration management system in Shandong Province. by Petrochina and Chemical Industry Federation as Petrochina and chemical industry excellent private enterprises.

From 2016 to 2018, the company's income was 932 million yuan, 1.248 billion yuan and 1.367 billion yuan respectively, and the net profit was 157 million yuan, 185 million yuan and 242 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 21.14% and 23.84% respectively. In 2018, the company's comprehensive gross profit margin was 34.14%, and the net profit rate was 17.66%.

De en Seiko

Company profile

Founded in April 1995, the company's factory has become the largest manufacturer of mechanical transmission parts in China, the largest manufacturer of pulleys in China, and a leader in China's transmission industry. Deen transmission production integrates casting and forging, machining, heat meter processing, assembly and packaging, specializing in the production of belt pulleys, gears, sprockets, synchronous pulleys, couplings, expansion sleeves, conical sleeves, flanges, bearing seats, motor motors, deceleration motors, gearboxes, industrial belts, power transmission assemblies and other mechanical transmission parts exported to Europe, the United States, Japan and the national standard. The mechanical transmission parts produced by the company are one of the basic parts of the machinery industry, which belong to the "three basic" industries supported by the state. The company's products are widely used in the manufacturing of general machinery and special machinery and equipment, such as environmental protection, fan, petroleum, shipping, automobile, home appliances and construction machinery. The export scale of the core product pulley transmission series for machinery ranked first in the domestic industry in 2014, 2015 and 2016. The company has been granted a total of 57 patents, including 8 invention patents, 48 utility model patents and 1 design. The CPT brand pulley and cone sleeve produced by the company won the title of "Sichuan famous Brand products".

From 2016 to 2018, the company's income was 363 million yuan, 446 million yuan and 536 million yuan, respectively, and the net profit was 51 million yuan, 50 million yuan and 78 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 21.39% and 24.38% respectively. In 2018, the company's comprehensive gross profit margin was 33.17% and net profit rate was 14.59%.

Pine tree resources

Company profile

Founded in April 1995, the company's factory has become the largest manufacturer of mechanical transmission parts in China, the largest manufacturer of pulleys in China, and a leader in China's transmission industry. Deen transmission production integrates casting and forging, machining, heat meter processing, assembly and packaging, specializing in the production of belt pulleys, gears, sprockets, synchronous pulleys, couplings, expansion sleeves, conical sleeves, flanges, bearing seats, motor motors, deceleration motors, gearboxes, industrial belts, power transmission assemblies and other mechanical transmission parts exported to Europe, the United States, Japan and the national standard. The mechanical transmission parts produced by the company are one of the basic parts of the machinery industry, which belong to the "three basic" industries supported by the state. The company's products are widely used in the manufacturing of general machinery and special machinery and equipment, such as environmental protection, fan, petroleum, shipping, automobile, home appliances and construction machinery. The export scale of the core product pulley transmission series for machinery ranked first in the domestic industry in 2014, 2015 and 2016. The company has been granted a total of 57 patents, including 8 invention patents, 48 utility model patents and 1 design. The CPT brand pulley and cone sleeve produced by the company won the title of "Sichuan famous Brand products".

The company's income from 2016 to 2018 was 375 million yuan, 459 million yuan and 601 million yuan, respectively, and the net profit was 53 million yuan, 69 million yuan and 95 million yuan respectively. The compound growth rates of operating income and net profit in the three years were 26.65% and 33.41%, respectively. In 2018, the company's comprehensive gross profit margin is 23.46%, and the net profit rate is 15.79%.

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