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宇新股份(002986):新股网下申购询价建议报告

Yuxin Co., Ltd. (002986): IPO Offline Purchase Request Proposal Report

東莞證券 ·  Apr 17, 2020 00:00  · Researches

  The company established the “Green Solvent Engineering Technology Center” with the Huizhou Research Institute of Sun Yat-sen University and established the “Engineering Technology Research Center for the Efficient Conversion and Application of Carbon and Tetrahydrocarbons” certified by the Guangdong Provincial Department of Science and Technology. The company has obtained a total of 18 patents, including 10 invention patents and 8 utility model patents. In addition, the company's main products such as isooctane, MTBE, and SBAC were all recognized as high-tech products in Guangdong Province by the Guangdong High-tech Enterprise Association; Yuxin Chemical's 100,000 tons/year SBAC industrial production technology won the Guangdong Science and Technology Second Prize from the Guangdong Provincial People's Government and the Huizhou Science and Technology Award from the Huizhou Municipal People's Government, and won the “Invention and Entrepreneurship Award-Project Award” gold medal at the 10th International Invention Exhibition; Yuxin Chemical was recognized as an innovative enterprise in Guangdong Province by the Guangdong High-tech Enterprise Association. Furthermore, Yuxin Chemical is the main drafting unit for the local standards “refined butyl acetate” and “iso-octane for industrial use” in Guangdong Province. It is also the main participant in the “Alkylated Isooctane” group standard approved by the China Materials and Testing Group Standards Committee (CSTM).

In 2017-2019, the company's revenue was 2,779 million yuan, 3.332 billion yuan and 3.161 billion yuan respectively, and net profit was 147 million yuan, 177 million yuan and 243 million yuan respectively. The compound growth rates of operating income and net profit over the three years were 6.66% and 28.51% respectively.

In 2019, the company's consolidated gross profit margin was 16.55%, and the net interest rate was 7.56%.

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