Main points of investment
The company is the leader of the domestic CTP market. Askai is committed to the application of industrial printing technology solutions and complete sets of equipment products, has successfully launched the application of laser printing technology in the printing industry products-computer platesetter (CTP), can provide from offset CTP to flexo engraving machine, iron printing machine CTP, from small format to large format. The company already has a CTP product line that can almost meet all kinds of printing enterprises, and has become a well-deserved leader in the domestic CTP market. In addition, the company's industrial inkjet printing leader has completed product trial production and overseas testing, and is in the customer trial and product improvement stage.
The development space of CTP is large, and the downstream demand is stable. Through continuous technological research and development and technological innovation, the gap between China's CTP production enterprises and the world's advanced technology level in CTP technology level is gradually narrowing. At the same time, the CTP independently developed by a few Chinese enterprises in the industry represented by the company has reached the international advanced level in terms of publishing accuracy, publishing speed and so on. It is conservatively estimated that the permeability of offset printing CTP equipment in China is only about 31.11%, which is much lower than that of developed economies such as Europe, America and Japan. With the rapid development of China's printing industry and the large-scale promotion of green printing, it will provide broad development opportunities for the upstream CTP product industry.
The company's strategic goal is to become a leader in the field of pan-printing. Among the investment projects raised by the company, the CTP equipment production and construction project will further enhance the production capacity and technology level of the company's CTP products to meet the needs of business development; the R & D center construction project will help the company to build a perfect R & D system and speed up the R & D progress of the company's industrial printing new technology and new products; and the marketing service network construction project will help to enhance the company's brand image and comprehensively enhance the company's marketing service capabilities. We predict that the company's EPS in 2016-18 will be 0.82,1.04,1.32 yuan respectively, covering for the first time and will not be rated for the time being.
Risk hint; the schedule of new product development is lower than expected; the risk of intensified market competition.