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海能实业(300787)新股网下申购询价建议报告

Report on the proposal for offline purchase of new shares of Haineng Industry (300787)

東莞證券 ·  Jul 29, 2019 00:00  · Researches

Company profile

The company is mainly engaged in customized design and production of electronic signal transmission adaptation products and other consumer electronic products, is a professional consumer electronic products provider, high-tech enterprises. Since its inception, the company has always focused on the product design and production of electronic signal transmission adaptation products, relying on the continuous progress of technical strength and rapid R & D response capabilities, to provide customized products for all kinds of downstream consumer electronics customers. The company's products are mainly used in intelligent mobile communications, audio-visual equipment, PC, intelligent wearable devices and all kinds of electronic terminal products. The sustainable development of all kinds of electronic terminal products market has led to the steady growth of market demand for electronic signal transmission adaptation products, and has a broad market space. The company's products are mainly produced and supplied to overseas retail market customers and consumer electronics system manufacturers in the form of ODM/OEM. In recent years, the company has gradually expanded the range of new products, laid out the areas with market potential, continuously increased effective production capacity, and has a large market space for related products in the future, which has laid the foundation for the continuous expansion of the company's business scale in the future.

From 2016 to 2018, the company's income was 685 million yuan, 896 million yuan and 1.13 billion yuan respectively, and the net profit was 83 million yuan, 105 million yuan and 117 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 28.47% and 18.44% respectively. In 2018, the company's comprehensive gross profit margin is 26.05%, and the net profit rate is 10.31%.

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