Huaxing Yuanchuang: Master the core technology and keep the industry leading
Huaxing Yuanchuang is a leading domestic testing equipment supplier company and a leading domestic testing equipment and complete line testing 南京桑拿网 system solution provider. It is mainly engaged in the development, production and sales of flat panel display and integrated circuit testing equipment.
The company’s main products are liquid crystal displays and OLED flat panel displays, integrated circuits, automotive electronics and other industries. Its main customers are Samsung, LG, BOE, Apple, etc.
Outstanding profitability of main business, increasing R & D investment in 2016?
The company’s operating income in 2018 was 5 respectively.
50,000 yuan, an annual increase of 166%, -23% in 2017 and 2018.
2016?Net profit in 2018 was 1.
430,000 yuan, an increase of 17% and 16% each year in 2017 and 2018.
Testing equipment and testing fixtures are the main source of gross profit for the main business.
Flat-panel display testing equipment: Master the core technology and keep the industry leading in the field of flat-panel display testing. The company delves into the design of precision test equipment, masters crimping technology for precision testing, alignment technology, processing technology, advanced engineering material application technology, and precisionMicron-level alignment and crimping have been achieved.
The product is used to classify the lighting display test, touch test, and chip test in the flat panel manufacturing process.
The company is already leading the industry in the field of flat panel display testing.
The continuous expansion of production capacity of Chinese flat panel display enterprises, and the continuous penetration of LTPS and OLED have brought new opportunities to domestic flat panel display testing equipment manufacturers.
Integrated circuit test equipment: Following the will of the country, strategically significant companies actively respond to the diversified needs of consensus and integrated circuit industry testing, and have a large number of R & D personnel and funds in the research and development of test machines and sorting machines and peripheral products supporting the test machine.Reached the international leading level.
In the future, the company will continue to expand research and development investment in the automatic testing of digital signal processing chips, radio frequency chips and digital-analog mixed chips, realize import substitution, and create new profit growth points.
The raised funds are used to expand production capacity and supplement R & D companies’ plans to raise approximately $ 1 billion in flat-panel display production base construction projects, semiconductor business unit construction projects, and supplementary working capital.
Investment suggestion company is a leading domestic testing equipment and complete line testing system solution provider.
Flat-panel display testing equipment enters the production lines of well-known domestic and foreign manufacturers.
A number of performances of integrated circuit test equipment have reached the international leading level.
We are optimistic that the company will raise funds to implement production expansion and R & D projects, promote domestic alternatives to semiconductor test equipment, and achieve rapid development of the company.
Risk Tips 1. The risk that the IPO is not going well; 2. The risk that the order is not as expected; 3. The risk that the development progress is not as expected; 4. The risk of fluctuations in downstream demand.