Citic Securities Company Limited(600030)
about
Shenzhen Han nationality CNC Technology Co., Ltd. initial public offering and listing on the gem
Listing recommendation
Sponsor (lead underwriter)
(North block of excellence Times Plaza (phase II), No. 8, Zhongxin Third Road, Futian District, Shenzhen, Guangdong Province) February 2002
catalogue
catalogue 1 declare that Section 1 basic information of this securities issuance three
1、 Basic information of the issuer three
2、 This offering fifteen
3、 Sponsor representative, Project Co sponsor and other members of the project team 16 IV. The relationship between the sponsor and the issuer, and whether the sponsor and its sponsor representatives may affect the fair performance
Description of the bank’s recommendation responsibilities Section II sponsor’s commitments Section III recommendation conclusion of the sponsor on the issuance and listing of Securities twenty-one
1、 This offering has fulfilled the necessary decision-making procedures twenty-one
2、 The issuer meets the listing conditions specified in the Shenzhen Stock Exchange GEM Listing Rules twenty-one
3、 Han’S Laser Technology Industry Group Co.Ltd(002008) the listing of the spin off issuer complies with the provisions of the spin off Provisions twenty-four
4、 Work arrangement during continuous supervision of the company thirty
5、 Contact address, telephone number and other means of communication of the sponsor and relevant sponsor representatives thirty-one
6、 Other matters that the sponsor believes should be explained. There are no other matters that should be explained thirty-two
7、 Sponsor conclusion thirty-two
Statement
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) “, “sponsor” or “sponsor”) is entrusted by Shenzhen Han CNC Technology Co., Ltd. (hereinafter referred to as “Han CNC”, “issuer” or “company”), Acting as the sponsor of Han nationality CNC’s initial public offering and listing on the gem (hereinafter referred to as “this securities offering” or “this offering”), and Issuing the listing recommendation letter for this offering.
The recommendation institution and the designated recommendation representative shall, in accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”), and the measures for the administration of the registration of initial public offerings on the gem (for Trial Implementation) (hereinafter referred to as the “measures for the administration of initial public offerings on the gem”) The measures for the administration of securities issuance and listing recommendation business and other relevant laws and regulations, as well as the relevant provisions of the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) and Shenzhen Stock Exchange, are honest, trustworthy, diligent and responsible, and issue the listing recommendation letter in strict accordance with the business rules, industry practice norms and moral standards formulated according to law, And ensure the authenticity, accuracy and completeness of the documents issued. If there are false records, misleading statements or major omissions in the documents prepared and issued by the recommendation institution for the issuer’s initial public offering, which cause losses to investors, the recommendation institution will compensate investors for the losses according to law.
Unless otherwise specified in this listing recommendation letter, relevant terms have the same meaning as in the prospectus of Shenzhen Han’s CNC Technology Co., Ltd. for initial public offering and listing on GEM.
Section 1 basic information of this securities issuance
1、 Basic information of the issuer (I) overview of the basic information of the issuer
Company name: Shenzhen Han nationality Numerical Control Technology Co., Ltd
English Name: Shenzhen Han’s CNC Technology Co., Ltd
The registered capital before issuance was 378 million yuan
Legal representative: Yang Chaohui
Date of establishment of the company: April 22, 2002
Date of establishment of the joint stock company: November 11, 2020
The first floor, the second floor, the third floor and the fourth floor of factory building No. 17, antuoshan high tech Industrial Park, Shaer community, Shajing street, Bao’an District, Shenzhen; the first floor and the second floor of factory building No. 2; the first floor and the second floor of factory building No. 14
Postal Code: 518057
Tel: 0755-86018244
Fax No.: 0755-86018244
Internet address http://www.hanscnc.cn./
E-mail [email protected].
Office of the Secretary of the board of directors of information disclosure and Investor Relations Department
Zhou Xiaodong, head of the office of the board of directors
Telephone number of the office of the board of directors: 0755-86018244
(II) main business
The issuer’s main business is the R & D, production and sales of PCB special equipment. During the reporting period, the products mainly cover PCB key processes such as drilling, exposure, forming and testing. It is one of the enterprises with the most extensive product lines among PCB special equipment enterprises in the world.
Relying on the technological precipitation in high-speed and high-precision motion control, precision machinery, electrical engineering, software algorithms, advanced optical systems, laser technology, image processing, electronic testing and other aspects in recent 20 years, the company has created process solutions with competitive advantages for the PCB industry, such as multi type mechanical drilling equipment and multi light source laser drilling equipment, Laser direct imaging equipment for different photosensitive materials, mechanical and laser forming equipment, multi specification testing equipment with general, special and special high-precision architecture, etc. the main products have reached the advanced level of the industry in terms of performance and reliability, meet the technical requirements of well-known downstream customers at home and abroad, and constantly accelerate the domestic substitution of imported equipment.
The company’s products cover a wide range of PCB segments such as multilayer board, HDI board, IC packaging substrate, flexible board and rigid flex bonding board. Its customers include 89 enterprises in the list of NTI’s top 100 global PCB enterprises in 2019 and 95 enterprises in the list of cpca2019 China’s top 100 comprehensive PCB enterprises. (III) core technology and technology source of main products
Drilling, exposure, forming and testing are the key processes in PCB manufacturing. The performance, function and reliability of relevant equipment will directly affect the processing quality of PCB. With the rapid development of 5g communication, automotive electronics, consumer electronics and other industries, the market demand for medium and high-end PCB boards is increasing day by day. Due to its more complex structure and greater processing difficulty, it puts forward higher requirements for the technical level of PCB special equipment.
Through independent research and development and innovation, the issuer has built the core technology covering the four key processes of PCB, as follows:
Serial number core technology name mainly applies product technology protection means
1. Patents and software copyrights of main products of motion control technology of high acceleration and deceleration direct drive motor
2 precision mechanical design and advanced assembly technology, main product patents and proprietary technology
3. Patents and software copyrights of main products of CAE optical electromechanical joint digital virtual simulation technology
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4 special software platform and core algorithm technology software copyright and proprietary technology of main products
5 design technology of laser direct imaging system patent and software copyright of laser direct imaging equipment
6. Micro blind hole drilling technology, laser drilling equipment patent and software copyright
7. High precision lightweight worktable manufacturing technology, mechanical drilling equipment, mechanical forming equipment patents and proprietary technology
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8. Patents and software copyrights of multi scene precision electrical performance testing technology and testing equipment
The advanced technology of the issuer’s core technology is as follows:
1. Motion control technology of high acceleration and deceleration direct drive motor
Most of the motion modes of PCB special equipment are short-distance, fast start and stop, high acceleration and deceleration, fast and stable point motion, while the linear motor driving technology is generally used in the occasions of ultra-long stroke and ultra-high running speed. Therefore, most of the early PCB special equipment used the driving mode of rotating motor and rolling bead wire rod, although it can achieve large thrust and acceleration, However, it will adversely affect the accuracy and service life of the product. After years of research and development, the issuer has repeatedly summarized that using the characteristics of no intermediate mechanical transmission link in the linear motor drive technology, the system response time is greatly shortened (electromagnetic conversion time is the mechanical response time). Combined with the issuer’s self-made lightweight sports body, the issuer has earlier adopted the linear drive technology in its Chinese counterparts, and designed and customized high peak thrust, high response The special linear motor with low electrical time constant and low heat consumption is used in the transmission system of various types of special equipment of the issuer, which greatly improves the performance. Especially for the application of the moving shaft of PCB mechanical drilling machine, the electromechanical matching of the issuer’s mechanical drilling machine is greatly improved, and the acceleration and deceleration and response speed of the drilling machine are greatly improved. The XY axis motion acceleration of PCB mechanical drilling equipment using this technology can reach 1.5 times of gravity acceleration, and the Z axis acceleration can reach 5 times of gravity acceleration. Compared with the equipment using ball screw transmission technology, the drilling efficiency is increased by about 15%, and the drilling accuracy is also significantly improved.
2. Precision mechanical design and advanced assembly technology
PCB special equipment covers multiple modules such as mechanical system, optical system, control system and software system, involving hundreds of devices such as spindle, servo motor, workbench and hood. However, the PCB production process has high requirements for machining accuracy, and the allowable error is generally in micron or even submicron level, The issuer needs to have extremely precise mechanical design ability and assembly ability. In terms of mechanical design, the issuer’s R & D personnel have many years of experience in precision mechanical design of PCB special equipment. Through the analysis of the stress and deformation of each part, they can identify the weak links in the mechanical structure, optimize its topology by means of material selection and structural design, and select or select the precision parts that can meet the needs of customers, Lay the foundation for the precision of the whole machine. In terms of assembly technology, the issuer cooperated with special tooling and fixtures to create a unique assembly process method, and reasonably allocated and optimized the total tolerance between different assembly processes and parts, so as to continuously improve and break through the processing accuracy of the issuer’s products.
3. CAE optical electromechanical joint digital virtual simulation technology
Under the traditional R & D process, the R & D personnel first design the prototype drawings, and the production and assembly personnel trial produce the physical prototype according to the prototype drawings. According to the test results of product function and performance, the scheme is continuously modified and optimized, and the prototype production and test are repeated until the product meets the design requirements. With the continuous improvement of the technical level of PCB special equipment, the difficulty of R & D continues to increase. The problems of high R & D cost and long R & D cycle caused by the traditional R & D process are becoming increasingly prominent, which is difficult to meet the highly iterative product needs of downstream customers.
The issuer is one of the first enterprises in the industry to apply CAE digital virtual simulation technology to product design. The R & D team of the issuer combines the professional knowledge of mechanical design, electrical engineering, electronic technology, optoelectronics and laser technology, automatic control technology, computer software and other disciplines with many years of practical R & D experience, and endows simulation parameter conditions in digital modeling, so as to construct a complete virtual digital prototype, The physical parameters of the prototype are optimized again and again, so as to avoid the waste of the physical parameters of the prototype, and greatly save the actual performance of the prototype.
4. Special software platform and core algorithm technology
Due to the gradual complexity of the software system and the professionalism and diversity of the software development of PCB special equipment, the software developers of the issuer, with many years of experience in the development of PCB special equipment, summarized cases and application scenarios, made a forward-looking prediction of the future technology, established special software development system tools, adopted platform design and reserved multiple ports. At the same time, the issuer modularizes the used function development software package to facilitate product iterative combination and upgrading, and continuously expand the packaging path
