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科安达(002972):新股询价定价报告

Koanda (002972): new stock inquiry pricing report

華鑫證券 ·  Dec 9, 2019 00:00  · Researches

The company mainly provides products, services and system solutions in the field of rail transit. At present, the company's main products are rail transit signal axis counting system, railway station and yard integrated lightning protection system, signal monitoring lightning protection sub-cabinet, turnout snow melting system and other products and related solutions. at the same time, it provides engineering construction and system integration services for customers in the field of rail transit. In the field of rail transit signal control, the company's axle counting system has a strong competitive advantage, since 2009, it has been applied in more than 90 urban rail transit lines in 31 cities such as Shenzhen, Beijing, Shanghai, Guangzhou, Wuhan, Chengdu, Chongqing, Nanjing and Hangzhou, and has been applied in some railway lines and occupies a leading position in the domestic market.

(1) the company is an early enterprise engaged in the development of rail transit lightning protection products and signal axis counting system, and has rich experience in technical development and project implementation. Since its establishment, the company has completed lightning protection projects in more than 4000 train stations, including Wuhan-Guangzhou high-speed railway, Chengdu North marshalling Yard, Wuhan North marshalling Yard, Guangzhou South Railway Station, Qinghai-Tibet Railway and other lightning protection systems. The company's signal axle counting system has been applied in more than 90 urban rail transit lines and some railway lines, and is gradually being applied and popularized on the railway. The company's products are running well, providing reliable transportation guarantee for the 2011 Shenzhen Universiade, the Nanjing Youth Olympic Games in 2014 and the Tianjin National Games in 2017. The implementation of these projects has trained a number of solid business, on-site familiar with engineering and technical personnel, but also accumulated a wealth of project experience. All these have laid a good foundation for the company's market development. at the same time, with the increase of the company's projects and customer resources, the demand for the replacement of the original projects continues to increase, thus further consolidating the company's competitive advantage. and provide a stable source of revenue growth.

(2) the company has signal control system products such as signal axis counting system, inter-station safety information transmission equipment and intelligent analysis system, as well as stray current monitoring and protection system, lightning protection equipment, turnout snow melting system and other operation and maintenance protection system products, the company also has engineering design, engineering construction, lightning protection technical services and system integration services. Thus, it can provide customers with a comprehensive solution of signal control and operation protection. The company's rich product line and comprehensive technical service capacity represent better service, lower cost and stronger competitive advantage.

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