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海星股份(603115)新股询价报告

Starfish shares (603115) IPO inquiry report

華鑫證券 ·  Jul 23, 2019 00:00  · Researches

Company profile

The company's main business is the research and development, production and sales of electrode foils for aluminum electrolytic capacitors, and the main products are a full range of electrode foils for aluminum electrolytic capacitors. The products are widely used in energy-saving lighting, consumer electronics, automotive industry, communications electronics, industrial mechatronics, aerospace and other fields of aluminum electrolytic capacitors. The company is a leading manufacturer of electrode foil for aluminum electrolytic capacitor in China, and is one of the few enterprises with full range of electrode foil production capacity, complete product specifications and high technical level for aluminum electrolytic capacitor.

The highlight of the company

(1) the company has a national enterprise technology center jointly recognized by the National Development and Reform Commission, the Ministry of Science and Technology and other five ministries, as well as a research and development platform of national postdoctoral research workstations and provincial engineering and technology centers. With the leading competitive advantage of the industry, the company has been among the top 100 enterprises of electronic components for many years. It has undertaken and implemented 5 national Torch Plan projects, 1 National Innovation Fund for small and medium-sized Enterprises, 3 Torch Plan projects in Jiangsu Province, 2 Science and Technology support plans in Jiangsu Province, and 4 high-tech products in Jiangsu Province. the main products have won the third prize of Jiangsu Science and Technology Award, the first prize of Nantong Science and Technology Progress Award and other awards.

(2) with strict quality control, continuous R & D investment and effective brand building, the company has established high brand awareness in the industry. It has successively established good cooperative relations with the top 10 capacitor companies in the world, such as Japan's Guimi Gong (NCC), Nijikang (Nichicon), South Korea's Sanying (Samyoung), Aihua Group (603989), Jianghai Corporation (002484), Lilong Electronics (Lelon) and other well-known capacitor manufacturers such as South Korea's Sanwa (Samwha), Taiwan Zhibao (Teapo), Fengbin Electronics (Shenzhen) Co., Ltd. As the main drafting unit, the company also participated in the drafting of the group standard of "electrode foil for Aluminum Electrolytic Capacitors" of China Electronic components Industry Association (No. T/CECA22-2017), which has been issued and implemented.

(3) compared with other enterprises in the industry, the company has strong marketing services and network advantages. The company has established marketing networks in East China, South China and North China, as well as foreign markets, and set up sales offices in Guangdong, Shandong, Hunan and Hong Kong. Sales areas cover the Yangtze River Delta, Pearl River Delta, Bohai Rim and other domestic economically developed regions, as well as the central and western regions, and exported to overseas

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