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新股网下申购询价建议报告:立昂微(605358)、华翔股份(603112)、华文食品(003000)、中岩大地(003001)

Inquiry report on offline application for new shares: Lionwei (605358), Huaxiang shares (603112), Chinese Foods (003000), Zhongyandi (003001)

東莞證券 ·  Aug 25, 2020 00:00  · Researches

Lionwei

The company specializes in the R & D and manufacturing of semiconductor materials, semiconductor chips and related products. The company has not only formed its own main products in semiconductor wafers, semiconductor discrete device chips and discrete device products, but also made unremitting investment in technology research and development. by undertaking major national science and technology projects, introducing high-end technical personnel and other ways, we continue to strengthen our own R & D strength and technology accumulation in the field of semiconductor materials and chips. The company has successively undertaken and successfully completed major national scientific research projects such as the National 863 Program of the Ministry of Science and Technology, the National Torch Plan, the High-tech industrialization demonstration Project of the National Development and Reform Commission, and the special project of technological progress and industrial upgrading of the information industry.

From 2017 to 2019, the company's income was 9.32,12.23 and 1.192 billion yuan respectively, and the net profit was 1.06,1.81 and 128 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 13.08% and 10.17% respectively. In 2019, the company's comprehensive gross profit margin was 37.31%, and the net profit rate was 12.69%.

Brief introduction of Huaxiang Co., Ltd.

The company is mainly engaged in all kinds of customized metal parts research and development, production and sales business. After years of development, the company has formed a comprehensive service system, including product design, mold development, casting technology, machining technology, painting process and other comprehensive service system, with cross-industry and multi-variety product mass production capacity. The company always adheres to the business philosophy of "dedication, focus, lean and innovation", combines the traditional "craftsman" spirit with modern lean management, and relies on a number of proprietary technologies, processes and quality control capabilities accumulated and precipitated in the industry. it has formed unique advantages of products and has developed into one of the comprehensive leading enterprises in the foundry industry. The company has been selected as "China Foundry Industry Top 100 Enterprises" by China Foundry Association for three consecutive years (each for four years), and ranks seventh in the third "China Foundry Industry Comprehensive Top 100 Enterprises" selected in 2018.

From 2017 to 2019, the company's income was 16.86,19.96 and 2.048 billion yuan respectively, and the net profit was 1.19,1.40 and 174 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 10.21% and 20.61% respectively. In 2019, the company's comprehensive gross profit margin was 22.33%, and the net profit rate was 8.37%.

Brief introduction of Chinese Food Company

The company is one of the well-known traditional flavor snack food enterprises in China, and its main business is the R & D, production and sales of traditional flavor snack foods such as small fish and dried bean curds. With consumer experience as the core, the company continues to improve its own automatic production level and R & D capability, and gradually develops into a modern snack food production enterprise integrating R & D, production and sales. The main brand owned by the company is "Jinzai", which is a well-known brand in the traditional flavor snack food industry. The company's "Jinzi brand bean products" and "Jinzi brand flavor fish products" were selected as "Hunan famous brands" by Hunan Provincial Bureau of quality and Technical Supervision. Jinzai brand was selected as "Hunan famous Trademark" by Hunan Provincial Administration for Industry and Commerce, "Hunan Food Safety preferred Brand" by China Snack Food Culture Festival Organizing Committee, "Hunan Agricultural industrialization leading Enterprise" by Hunan Provincial people's Government, and "Top 50 Chinese Bean products Industry in 2019" by Bean products Professional Committee of China Food Industry Association.

From 2017 to 2019, the company's income was 7.67,8.05 and 895 million yuan respectively, and the net profit was 0.76,1.15 and 118 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 8.03% and 25.10% respectively. In 2019, the company's comprehensive gross profit margin is 30.69%, and the net profit rate is 13.23%.

Brief introduction of Zhongyan Earth Co., Ltd.

The company is engaged in the technical and construction services of geotechnical engineering, including pile foundation engineering, foundation treatment engineering, foundation pit support engineering and other geotechnical engineering services, and forms a series of technical solutions. According to the basic data provided by customers, such as project situation, engineering geological conditions, construction conditions and so on, on the basis of qualitative and quantitative analysis, under the premise of quality safety and green environmental protection. Form the corresponding design and construction or technical consultation scheme, continuously reduce the project cost, save the construction period, solve the project problems and improve the project efficiency through technological innovation. In the course of many years of scientific research and engineering practice, the company has constantly innovated and developed a number of new geotechnical engineering technologies with high efficiency, energy saving and environmental protection. such as calculation and analysis technology, waterproof curtain series technology, pile foundation series technology, geotechnical anchoring series technology, underground space development system technology and so on. These technologies have been successfully applied in many projects and achieved good social and economic benefits.

From 2017 to 2019, the company's income was 3.92,7.59 and 1.024 billion yuan respectively, and the net profit was 0.52,0.92 and 129 million yuan respectively. The compound growth rates of operating income and net profit in the three years were 61.67% and 56.59% respectively. In 2019, the company's comprehensive gross profit margin was 23.25%, and the net profit rate was 12.54%.

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