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新股网下申购询价建议报告:斯迪克(300806)、电声股份(300805)

Inquiry report on offline application for new shares: Stryker (300806), Electro-Acoustic shares (300805)

東莞證券 ·  Nov 4, 2019 00:00  · Researches

Founded on June 21, 2006, the company is a leading supplier of functional coating composites in China. With years of continuous high investment in innovative research and development, precision manufacturing and rapid market response capabilities, the company can according to the different needs of the market and customers, make use of its own technological advantages to provide customers with high-quality, high-performance functional coating composite products and technical process support. The company is one of the few high-tech enterprises with leading advantages in polymer material polymerization, coating formula optimization, functional structure design, product precision coating and industrial application of new technology. The company is the "National Local Joint Engineering Research Center for the Development and Application of New coating Film Materials" recognized by the National Development and Reform Commission. Since its establishment, the company has been focusing on the technical research and development of functional coating composites. Committed to narrowing the gap with the United States 3M Company, Germany Tesa, Japan Nitto and other industry leaders, to achieve import substitution. After continuous R & D investment, the company has made 631 patents in product research and development, production process and other aspects, including 161 invention patents. With the innovative R & D capability and reliable product quality formed by years of continuous investment, the company has established long-term and stable cooperative relations with domestic and foreign well-known enterprises such as Apple Inc, Huawei, Samsung, Panasonic, ZTE, OPPO, LG and so on.

From 2016 to 2018, the company's income was 979 million yuan, 1.289 billion yuan and 1.346 billion yuan respectively, and the net profit was 56 million yuan, 63 million yuan and 77 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 17.26% and 17.11% respectively. In 2018, the company's comprehensive gross profit margin is 22.87%, and the net profit rate is 5.64%.

Electroacoustics stock

The company is a domestic leading, technology-driven new scene experience marketing integrated service provider, the main business is interactive display, retail terminal management, brand communication and other marketing activities planning, implementation, monitoring, feedback services. On December 6, 2017, the company was selected into the list of 20 "Future Unicorn Enterprises" entrusted by Guangzhou Science and Technology Innovation Commission. In addition, the company was selected as a member of China 4A Advertising Company Association by virtue of its excellent brand planning, whole-case agency and promotion and execution ability. In 2017, the company was selected into the list of "Top 500 Guangdong Enterprises", "Top 100 Guangdong Private Enterprises" and "Top 100 Guangdong Service Industry" selected by Guangdong Enterprise Federation and Guangdong Entrepreneur Association. In terms of marketing professional awards, the company has won a number of awards in recent years, won the "Greater China Innovation Marketing Company of the year" in the 18th IAI International Advertising Award in 2018, won 2 gold, 1 silver and 1 bronze at the same time, won "Advertising Agency of the year" in the 17th IAI International Advertising Award in 2017, and won 1 gold, 2 silver and 1 bronze in the 2016 POPAI Greater China Grand Prix. He won gold awards in the 2016 Plum Blossom Network Marketing Innovation Award and the eighth Golden Business creativity Award in 2015, and won many awards in Tiger Xiao Award, Golden Wu Award and other competitions.

From 2016 to 2018, the company's income was 1.368 billion yuan, 1.85 billion yuan and 2.605 billion yuan respectively, and the net profit was 113 million yuan, 159 million yuan and 192 million yuan respectively. The compound growth rate of operating income and net profit in the three years was 37.99% and 30.47% respectively. In 2018, the company's comprehensive gross profit margin was 21.87%, and the net profit rate was 7.38%.

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