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新诺威(300765):新股网下申购询价建议报告

New Norway (300765): report on the recommendation of offline purchase of new shares

東莞證券 ·  Mar 5, 2019 00:00  · Researches

The company's caffeine products are widely used in functional drinks as food additives, which can refresh the mind, resist fatigue, temporarily dispel drowsiness and restore energy. The products are mainly sold to the United States, Germany, Ireland, Brazil, India and other places. It is a global supplier to PepsiCo Inc, Coca-Cola Company and Red Bull international beverage companies. The company's vitamin C lozenges have the health function of supplementing vitamin C, which can improve the germicidal and antiviral ability of white blood cells, enhance human body resistance, antioxidant and eliminate free radicals in the body, thereby reducing blood lipids and cholesterol in the blood. prevent cardiovascular and cerebrovascular diseases; promote iron and calcium absorption, enhance the effect of iron and calcium supplement; promote collagen synthesis, promote wound healing and other functions.

From 2016 to 2018, the company's income was 890 million yuan, 1.031 billion yuan and 1.24 billion yuan respectively, and the net profit was 207 million yuan, 195 million yuan and 224 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 18.01% and 4.09% respectively. In 2018, the company's comprehensive gross profit margin is 49.09% and net profit rate is 18.09%.

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