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新股网下申购询价建议报告:聚杰微纤(300819)、中银证券(601696)

Inquiry report on offline application for new shares: Jujie Microfiber (300819), Bank of China Securities (601696)

東莞證券 ·  Feb 3, 2020 00:00  · Researches

Jujie microfiber

Founded on May 26, 2000, the company is a group enterprise specializing in the research, development, production and sales of ultra-fine fiber fabrics, clothing and home textile products.

The industry standard setter of FZ/T43038-2016 is the leading enterprise in the domestic production of ultra-fine fiber fabric industry. The scientific and technological content of the products occupies the leading position in the domestic subdivision industry. The company has strong R & D and innovation capabilities, and has won honors such as "National Industrial Brand cultivation demonstration Enterprise", "Chinese Superfine Fiber fabric production Base" and "Jiangsu High-tech Enterprise" by the Ministry of Industry and Information Technology. The company's R & D center was named "Jiangsu Enterprise Technology Center" and set up "Jiangsu Province postdoctoral Workstation".

And "Suzhou Superfine Fiber Product Engineering Technology Research Center". The company pays attention to the concept of green development, and is honored as "excellent demonstration Unit for the Application of Energy Saving and Emission reduction Technology in National Industry" and "excellent Green and Clean production Enterprise in National Textile Industry" by China Textile Federation. For many years, it has won the honors of top 50 enterprises in China's filament industry, top 100 enterprises in Wujiang District, large tax payers in Taihu New City, and Social responsibility Award enterprises, and won the top 10 industrial growth enterprises in Wujiang District in 2016.

From 2016 to 2018, the company's income was 422 million yuan, 433 million yuan and 462 million yuan respectively, and the net profit was 76 million yuan, 70 million yuan and 66 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 4.70% and-6.76% respectively. In 2018, the company's comprehensive gross profit margin is 29.56%, and the net profit rate is 14.36%.

Bank of China Securities

The company is jointly invested by Bank of China International Holdings Limited (hereinafter referred to as "BOC International Holdings") and five large enterprises in China-Petrochina Natural Gas Group, China Development Investment Corporation, Hongta Tobacco (Group) Co., Ltd., China General Technology (Group) holding Co., Ltd. And Shanghai State-owned assets Management Co., Ltd. Approved by the China Securities Regulatory Commission, it was officially established in Shanghai on February 28, 2002. according to the data released by the Securities Association, in 2009, the company's stock and bond underwriting ranked third in the industry, the total amount of stock fund transactions ranked 27th, the average net income of the business department of securities trading ranked sixth, and the scale of asset management ranked 18th. According to the statistics of the Ministry of Finance and the China Bond Information Network, the amount of underwriting of corporate treasury bonds and policy financial bonds ranks first among securities firms, the underwriting amount of corporate bonds ranks eighth, and the trading volume of inter-bank bonds ranks fifth.

From 2016 to 2018, the company's income was 2.83 billion yuan, 3.068 billion yuan and 2.755 billion yuan respectively, and the net profit was 1.066 billion yuan, 1.067 billion yuan and 705 million yuan respectively. The compound growth rates of operating income and net profit in the three years were-1.34% and-18.67% respectively.

The company's net interest rate in 2018 was 25.64%.

The translation is provided by third-party software.


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