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新股网下申购询价建议报告:宏柏新材(605366)、奥海科技(002993)

Inquiry report on offline application for new shares: Hongbai New material (605366), Olympian Technology (002993)

東莞證券 ·  Jul 23, 2020 00:00  · Researches

Hongbai new material

The company's main business is the R & D, production and sales of functional silane, nano-silicon materials and other new silicon-based materials and other chemical auxiliaries, which is functional silane in China. Especially in the field of sulfur-containing silane, it is one of the enterprises with circular economy system and the world's leading industrial scale. The company has established close long-term business relations with large and well-known tire manufacturers at home and abroad, such as Bridgestone, Michelin, Goodyear, German Horse, Hantai, Sumitomo, China Strategic, etc. According to China Silicon Industry Yearbook (2014) and Fine Chemicals and Special Chemicals, the company is one of the leading enterprises in functional silane industry in China. The company is a high-tech enterprise with three R & D departments, namely, the Technical Department of this Department, Harbin Silicon material Research Institute and Dongguan Applied R & D Center. The company also cooperates with the team of academicians du Shanyi to set up an academician workstation to transform and design the product process. After years of accumulation, the company has mastered the production technology of sulfur silane, new generation aminosilane, next generation sulfur silane and aerogel.

From 2017 to 2019, the company's income was 7.75,10.13 and 1.014 billion yuan respectively, and the net profit was 0.92,1.74 and 157 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 14.38% and 30.17% respectively. In 2019, the company's comprehensive gross profit margin was 32.15%, and the net profit rate was 15.45%.

Aohai science and technology

The company is a joint-stock company established by the overall change of Olympian Co., Ltd., the company inherited all the assets and liabilities of Olympian Co., Ltd. Since its establishment, the company has been taking chargers as its core products, including mobile phone chargers. After years of market precipitation and deep ploughing, the company has accumulated a lot of technology, experience and customers in the field of mobile phone chargers, and its market share and market position have increased year by year. The company is mainly engaged in the design, research and development, production and sales of intelligent terminal charging and storage products such as chargers and mobile power supplies. The products are mainly used in smart phones, smart wearable devices (smartwatch, VR glasses, etc.), smart home (TV stick, smart plug, home router, smart camera, etc.), smart speakers and other fields. Relying on the advantages of continuous independent innovation, R & D and design capabilities, excellent manufacturing capacity and perfect quality management system, the company continues to grow. At present, it has four production bases in Dongguan, Guangdong, Suichuan, Jiangxi, India and Indonesia. With an annual production capacity of more than 170 million chargers, the company has become a leading company in the intelligent terminal charging and storage industry.

From 2017 to 2019, the company's income was 11.53,16.61 and 2.316 billion yuan respectively, and the net profit was 0.51,1.14 and 222 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 41.71% and 107.87% respectively. In 2019, the company's comprehensive gross profit margin was 20.79%, and the net profit rate was 9.57%.

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