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新股网下申购询价建议报告:顺博合金(002996)

New shares offline application inquiry proposal report: Shunbo alloy (002996)

東莞證券 ·  Aug 10, 2020 00:00  · Researches

The company's main business is the production and sales of recycled aluminum alloy ingots, the company mainly uses all kinds of waste aluminum materials to produce various grades of aluminum alloy ingots through sorting, melting, casting and other production processes. used in the production of all kinds of die-casting aluminum alloy products and casting aluminum alloy products, so as to realize the recycling of aluminum resources. During the reporting period, according to the information provided by the recycled Metals Branch of China Nonferrous Metals Industry Association, the company is the fourth largest producer in the domestic recycled aluminum industry. The company has production bases in Chongqing, Qingyuan, Guangdong and Liyang, Jiangsu. In 2018, the output of aluminum alloy ingots reached 326100 tons, and the products are mainly sold to the southwest, South China, East China and other regions. Mainly used in automotive, motorcycle, machinery and equipment, communications equipment, electronics and other industries. The company is one of the enterprises with comprehensive utilization of resources supported by the Development Plan of Chongqing Environmental Protection Industry Cluster (2015-2020).

From 2017 to 2019, the company's income was 39.31,42.49 and 4.353 billion yuan respectively, and the net profit was 1.61,1.44 and 168 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 5.24% and 2.05% respectively. In 2019, the company's comprehensive gross profit margin was 7.33%, and the net profit rate was 4.04%.

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