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Guoli technology landed in A-share polymer material suppliers, relying on technology to base themselves on the market
Release time：2017-11-17 16:28:00
Author：admin
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On November 9, another high-tech listed company with its own concept landed on the A-share market.
Guangdong National Science and Technology (26.10-2.61%, diagnostic shares) Co., Ltd. (hereinafter referred to as "National Science and technology") was officially listed on the growth enterprise market of Shenzhen Stock Exchange on November 9, 2017. The company is a supplier of low-carbon, environmental friendly, renewable polymer materials and polymer products integrating R & D, production, sales and technical services, with environmental protection and high-tech concepts. In recent years, the company has seized the opportunity of the industry to develop rapidly, and now it has successfully landed in the capital market. In the future, it will continue to enhance its scientific research ability and move forward steadily.
The number of shares issued by the company is 26.68 million. After the public offering, the total share capital is 106.68 million, the issue price is 12.14 yuan / share, the corresponding price earnings ratio is 22.98 times, the net asset per share is 7.08 yuan, and the earnings per share is 0.5288 yuan / share.
Continuous high performance growth
Public information shows that national science and technology was established in 2002, and its main products are low-carbon, environmental friendly, renewable polymer materials and polymer material products. Polymer materials, also known as polymer materials, are composed of polymer compounds as the matrix and other additives. They can be divided into natural polymer materials and synthetic polymer materials. The company's products belong to the latter, which is a new material that the state gives priority to developing at present.
It is worth noting that its subsidiary is located in Zhaoqing South China renewable resources industrial base, which is a key construction project in Guangdong Province. With the policy support of the Guangdong provincial government and the Ministry of environmental protection, it purchases primary recycled materials in China. After studying the formula and processing modification, some primary recycled materials are added to EVA raw materials, SBS, base oil and other raw materials to produce low-carbon, environmentally friendly and renewable polymer materials that meet the needs of customers, Among them, some polymer materials (products are modified and recycled engineering plastics and e-va / TPR environmental protection modified materials) are used for external sales, and some polymer materials (EVA / TPR environmental protection modified materials) are used as raw materials. After further research on formulas, development of molds, processing and modification, relevant products and product series mainly include EVA environmental protection modified materials and products, TPR environmental protection modified materials and products and modified and recycled engineering plastics, It is widely used in high-grade shoes, finished shoes, electronic supporting products, sports equipment, household appliances, auto parts and other fields.
Due to the encouragement of national policies and the driving of downstream industries, the industry where national science and technology is located has developed rapidly. In recent years, the continuous growth of residents' income has led to the continuous improvement of residents' consumption capacity, which has created huge development opportunities for the downstream industries of modified materials such as footwear, electronic supporting industries, household appliances, automobiles, information equipment, etc.
With years of R & D and production experience, National Science and technology has established good cooperation with downstream enterprises, developed products together with customers, and become a material supplier recognized by international famous enterprises such as Crocs, Amazon, Wal Mart and Disney.
Benefiting from the development of the industry, the company's performance maintained steady growth. The prospectus shows that from 2014 to 2016 and from January to June 2017, the operating income of national science and technology was 380 million yuan, 523 million yuan, 631 million yuan and 349 million yuan respectively; The net profits attributable to the owners of the parent company were 39.9769 million yuan, 46.5055 million yuan, 59.7674 million yuan and 27.5549 million yuan respectively. Both operating income and net profit have been increasing year by year in recent years.
With the geometric growth of the company's business scale, the company's scale has also continued to expand. From 2014 to 2016 and from January to June 2017, the company's assets reached 408 million yuan, 564 million yuan, 731 million yuan and 745 million yuan respectively.
Scientific and technological innovation wins the international market
The company's performance has continued to grow, and it has been recognized as a material supplier by caloch, Amazon, etc. naturally, National Science and technology relies on the company's scientific and technological strength. The company said in the prospectus that through continuous R & D investment and technology accumulation for many years, the company has now reached the industry-leading technical level, been recognized by well-known customers at home and abroad, and has a significant brand influence.
For technological innovation and scientific and technological progress, the company continues to increase R & D investment. From 2014 to 2016 and from January to June 2017, the company's R & D investment continued to increase, reaching 11.1703 million yuan, 17.1761 million yuan, 2011.21 million yuan and 11.8293 million yuan respectively, accounting for 2.94%, 3.28%, 3.19% and 3.39% of the operating income of each period.
Product formula is the core technology of modified material manufacturers. Up to now, the company has 3191 formulas, including 1384 e-va environmental modified material formulas, 1189 TPR environmental modified material formulas and 618 modified recycled engineering plastics formulas. At the same time, mold design ability is the core technical advantage of the company's shoe materials and finished shoes. The company has excellent mold supporting development ability.
At the same time of R & D investment, the company has also made many technological innovation achievements. The company focuses on the research and development of environmentally friendly modified materials, with 38 R & D projects and 22 achievements. The company has obtained 8 invention patents, 1 utility model, and 28 invention patents are under examination. The company has set up a R & D center, equipped with advanced R & D equipment and a strong R & D team, which can develop different modified formulas and product molds according to customer requirements, and has strong development capabilities.
In April 2014, the company's EVA modified environmental protection materials and TPR modified environmental protection materials were recognized as high-tech products of Guangdong Province by the Department of science and technology of Guangdong Province; In December of the same year, the company's halogen-free flame-retardant HIPS plastic modified material was recognized as a high-tech product of Guangdong Province by Guangdong high tech Enterprise Association; In September 2015, the company was recognized as a high-tech enterprise by the Department of science and technology of Guangdong Province, the Department of finance of Guangdong Province, the State Administration of Taxation of Guangdong Province and the Local Taxation Bureau of Guangdong Province. Thanks to this, the company enjoyed a 15% reduction in corporate income tax from 2015 to 2017.
Analysts pointed out that the company focused on developing new environmental protection materials such as recyclable, degradable and waste rubber and plastic recycling, and vigorously promoted the substitution of plastic for steel and wood. At present, we can jointly develop new environmental protection materials and product molds with the top 500 companies, and develop different modified formulas and product molds according to the requirements of customers. We have the first-class development ability in China, and the production and processing ability of modified shoe material SBS ranks first in China. At present, it has stable high-quality customer resources, unique product formula, advanced mold opening ability and regional advantages located in the Pearl River Delta, with obvious competitive advantages.
Listing helps the company's sustainable development
As an enterprise based on scientific research, National Science and technology will continue to expand its business scale and enhance its R & D capacity by landing in the capital market.
The prospectus shows that the raised funds of the company are invested in the technological transformation project of EVA environmental protection modified materials and their products, the technological transformation project of the R & D center and the supplementary working capital. In order to expand the scale as soon as possible and further maintain the company's technological leading edge, the company has invested some funds in advance.
With the expansion of the company's business, the existing capacity of national science and technology can no longer meet the needs of customers. In 2015 and 2016, the company's EVA product capacity utilization rate reached 98.40% and 98.85%. After the completion of the technical transformation project of EVA environmentally friendly modified materials and products, 12000 tons of EVA environmentally friendly modified materials and 12000 tons of EVA environmentally friendly modified materials and products will be added, which will greatly solve the bottleneck problem of existing production capacity. According to the company, on the one hand, it will further enhance the market share of EVA products and enhance the company's market position; On the other hand, by improving the business scale of EVA environmental protection modified materials, the company completed the adjustment and optimization of the existing product structure, further enriched the company's product types, and significantly improved the company's main business scale and comprehensive competitive strength. The company estimates that the construction period of the project is 1.5 years, and the sales revenue can be 456 million yuan when the project reaches full capacity. The financial internal rate of return of the project is 23.39%, and the net present value is 137.1403 million yuan.
The technological transformation project of the R & D center is intended to expand and upgrade the existing R & D department, which is expected to cultivate the R & D center of the company into an incubator for new formulations and new products, and become a platform for the company's R & D, test and detection, talent introduction and training, foreign cooperation and exchange of technology, which is conducive to the development of environmentally friendly modified polymer materials with independent intellectual property rights and the improvement of market competitiveness. At the same time, it can form a talent gathering effect, improve the company's scientific and technological innovation ability, and enhance the company's overall technical level.
The company said that in the future, with the completion and production of the projects invested by the raised funds, the company's business scale will continue to expand and its R & D capacity will have
Guangdong National Science and Technology (26.10-2.61%, diagnostic shares) Co., Ltd. (hereinafter referred to as "National Science and technology") was officially listed on the growth enterprise market of Shenzhen Stock Exchange on November 9, 2017. The company is a supplier of low-carbon, environmental friendly, renewable polymer materials and polymer products integrating R & D, production, sales and technical services, with environmental protection and high-tech concepts. In recent years, the company has seized the opportunity of the industry to develop rapidly, and now it has successfully landed in the capital market. In the future, it will continue to enhance its scientific research ability and move forward steadily.
The number of shares issued by the company is 26.68 million. After the public offering, the total share capital is 106.68 million, the issue price is 12.14 yuan / share, the corresponding price earnings ratio is 22.98 times, the net asset per share is 7.08 yuan, and the earnings per share is 0.5288 yuan / share.
Continuous high performance growth
Public information shows that national science and technology was established in 2002, and its main products are low-carbon, environmental friendly, renewable polymer materials and polymer material products. Polymer materials, also known as polymer materials, are composed of polymer compounds as the matrix and other additives. They can be divided into natural polymer materials and synthetic polymer materials. The company's products belong to the latter, which is a new material that the state gives priority to developing at present.
It is worth noting that its subsidiary is located in Zhaoqing South China renewable resources industrial base, which is a key construction project in Guangdong Province. With the policy support of the Guangdong provincial government and the Ministry of environmental protection, it purchases primary recycled materials in China. After studying the formula and processing modification, some primary recycled materials are added to EVA raw materials, SBS, base oil and other raw materials to produce low-carbon, environmentally friendly and renewable polymer materials that meet the needs of customers, Among them, some polymer materials (products are modified and recycled engineering plastics and e-va / TPR environmental protection modified materials) are used for external sales, and some polymer materials (EVA / TPR environmental protection modified materials) are used as raw materials. After further research on formulas, development of molds, processing and modification, relevant products and product series mainly include EVA environmental protection modified materials and products, TPR environmental protection modified materials and products and modified and recycled engineering plastics, It is widely used in high-grade shoes, finished shoes, electronic supporting products, sports equipment, household appliances, auto parts and other fields.
Due to the encouragement of national policies and the driving of downstream industries, the industry where national science and technology is located has developed rapidly. In recent years, the continuous growth of residents' income has led to the continuous improvement of residents' consumption capacity, which has created huge development opportunities for the downstream industries of modified materials such as footwear, electronic supporting industries, household appliances, automobiles, information equipment, etc.
With years of R & D and production experience, National Science and technology has established good cooperation with downstream enterprises, developed products together with customers, and become a material supplier recognized by international famous enterprises such as Crocs, Amazon, Wal Mart and Disney.
Benefiting from the development of the industry, the company's performance maintained steady growth. The prospectus shows that from 2014 to 2016 and from January to June 2017, the operating income of national science and technology was 380 million yuan, 523 million yuan, 631 million yuan and 349 million yuan respectively; The net profits attributable to the owners of the parent company were 39.9769 million yuan, 46.5055 million yuan, 59.7674 million yuan and 27.5549 million yuan respectively. Both operating income and net profit have been increasing year by year in recent years.
With the geometric growth of the company's business scale, the company's scale has also continued to expand. From 2014 to 2016 and from January to June 2017, the company's assets reached 408 million yuan, 564 million yuan, 731 million yuan and 745 million yuan respectively.
Scientific and technological innovation wins the international market
The company's performance has continued to grow, and it has been recognized as a material supplier by caloch, Amazon, etc. naturally, National Science and technology relies on the company's scientific and technological strength. The company said in the prospectus that through continuous R & D investment and technology accumulation for many years, the company has now reached the industry-leading technical level, been recognized by well-known customers at home and abroad, and has a significant brand influence.
For technological innovation and scientific and technological progress, the company continues to increase R & D investment. From 2014 to 2016 and from January to June 2017, the company's R & D investment continued to increase, reaching 11.1703 million yuan, 17.1761 million yuan, 2011.21 million yuan and 11.8293 million yuan respectively, accounting for 2.94%, 3.28%, 3.19% and 3.39% of the operating income of each period.
Product formula is the core technology of modified material manufacturers. Up to now, the company has 3191 formulas, including 1384 e-va environmental modified material formulas, 1189 TPR environmental modified material formulas and 618 modified recycled engineering plastics formulas. At the same time, mold design ability is the core technical advantage of the company's shoe materials and finished shoes. The company has excellent mold supporting development ability.
At the same time of R & D investment, the company has also made many technological innovation achievements. The company focuses on the research and development of environmentally friendly modified materials, with 38 R & D projects and 22 achievements. The company has obtained 8 invention patents, 1 utility model, and 28 invention patents are under examination. The company has set up a R & D center, equipped with advanced R & D equipment and a strong R & D team, which can develop different modified formulas and product molds according to customer requirements, and has strong development capabilities.
In April 2014, the company's EVA modified environmental protection materials and TPR modified environmental protection materials were recognized as high-tech products of Guangdong Province by the Department of science and technology of Guangdong Province; In December of the same year, the company's halogen-free flame-retardant HIPS plastic modified material was recognized as a high-tech product of Guangdong Province by Guangdong high tech Enterprise Association; In September 2015, the company was recognized as a high-tech enterprise by the Department of science and technology of Guangdong Province, the Department of finance of Guangdong Province, the State Administration of Taxation of Guangdong Province and the Local Taxation Bureau of Guangdong Province. Thanks to this, the company enjoyed a 15% reduction in corporate income tax from 2015 to 2017.
Analysts pointed out that the company focused on developing new environmental protection materials such as recyclable, degradable and waste rubber and plastic recycling, and vigorously promoted the substitution of plastic for steel and wood. At present, we can jointly develop new environmental protection materials and product molds with the top 500 companies, and develop different modified formulas and product molds according to the requirements of customers. We have the first-class development ability in China, and the production and processing ability of modified shoe material SBS ranks first in China. At present, it has stable high-quality customer resources, unique product formula, advanced mold opening ability and regional advantages located in the Pearl River Delta, with obvious competitive advantages.
Listing helps the company's sustainable development
As an enterprise based on scientific research, National Science and technology will continue to expand its business scale and enhance its R & D capacity by landing in the capital market.
The prospectus shows that the raised funds of the company are invested in the technological transformation project of EVA environmental protection modified materials and their products, the technological transformation project of the R & D center and the supplementary working capital. In order to expand the scale as soon as possible and further maintain the company's technological leading edge, the company has invested some funds in advance.
With the expansion of the company's business, the existing capacity of national science and technology can no longer meet the needs of customers. In 2015 and 2016, the company's EVA product capacity utilization rate reached 98.40% and 98.85%. After the completion of the technical transformation project of EVA environmentally friendly modified materials and products, 12000 tons of EVA environmentally friendly modified materials and 12000 tons of EVA environmentally friendly modified materials and products will be added, which will greatly solve the bottleneck problem of existing production capacity. According to the company, on the one hand, it will further enhance the market share of EVA products and enhance the company's market position; On the other hand, by improving the business scale of EVA environmental protection modified materials, the company completed the adjustment and optimization of the existing product structure, further enriched the company's product types, and significantly improved the company's main business scale and comprehensive competitive strength. The company estimates that the construction period of the project is 1.5 years, and the sales revenue can be 456 million yuan when the project reaches full capacity. The financial internal rate of return of the project is 23.39%, and the net present value is 137.1403 million yuan.
The technological transformation project of the R & D center is intended to expand and upgrade the existing R & D department, which is expected to cultivate the R & D center of the company into an incubator for new formulations and new products, and become a platform for the company's R & D, test and detection, talent introduction and training, foreign cooperation and exchange of technology, which is conducive to the development of environmentally friendly modified polymer materials with independent intellectual property rights and the improvement of market competitiveness. At the same time, it can form a talent gathering effect, improve the company's scientific and technological innovation ability, and enhance the company's overall technical level.
The company said that in the future, with the completion and production of the projects invested by the raised funds, the company's business scale will continue to expand and its R & D capacity will have
