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新美星(300509):新股申购策略

New American Star (300509): the purchase Strategy of New shares

中天證券 ·  Apr 14, 2016 00:00  · Researches

New Meixing: the company's main business is liquid food packaging research and development, production and sales. In recent years, the growth rate of beverage packaging machinery industry has declined, but the overall growth rate has maintained a certain rate. In 2014, the market share of PE bottle packaging machinery, the main product of Xinmei Star, was 5.47%. The main competitors in the same industry were Dayilong (002209) and Yongchuang Intelligence (603901). The company has an absolute advantage in the integrated technology of high-speed blow-filling and spinning in PET bottles. In 2015, the company's operating income was 444 million yuan, an increase of 1.05% over the same period in 2014, and the net profit was 49.5082 million yuan, an increase of 11.98% over the same period last year, with a gross profit margin of 38.85%. The increase in operating income and net profit is mainly due to the increase in sales volume and average price of fully automatic high-speed PET bottle blowing equipment. With the continuous development of the beverage packaging machinery market in the future, as an important enterprise in the packaging machinery industry, the future development prospect is broad, so it is suggested to apply for purchase.

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