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.
In order to promote the progress of PCB industry, Shenzhen Han's CNC Technology Co., Ltd. (hereinafter referred to as "Han's CNC") has laid out the equipment related to PCB key processes in a forward-looking way, and created a process solution with competitive advantages through independent research, development and innovation.
For example: multi type mechanical drilling equipment, 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 performance and reliability of the main products have reached the advanced level of the industry and meet the technical requirements of well-known downstream customers at home and abroad, Continuously accelerate the domestic substitution of imported equipment.
On February 28, Han CNC was successfully listed on the gem of Shenzhen Stock Exchange. Landing in the capital market, on the one hand, is the recognition of Han's CNC business ability by the outside world. On the other hand, the profound accumulation of the industry makes Han's CNC stand out. With the blessing of capital, the future development is bound to jump to a new level and start a new journey.
adhere to technological innovation and increase R & D expenses year by year
As a global leading manufacturer of PCB special equipment, Han CNC always takes R & D and innovation as an important link of development, and continuously improves its R & D level through continuous investment.
From the perspective of R & D expenditure, the R & D expenses of Han nationality CNC from 2018 to 2020 and the first half of 2021 were 1035494 million yuan, 1081364 million yuan, 1662921 million yuan and 1316035 million yuan respectively. The R & D expenses increased year by year, accounting for 6.01%, 8.17%, 7.52% and 6.91% of the operating revenue respectively.
The continuous high R & D investment has built its own technical barriers for Han nationality CNC and further improved the competitiveness of the company. As of June 30, 2021, Han CNC has 402 domestic patents and 150 software copyrights. In addition to the perfect R & D system, Han CNC has also created a technical team with rich practical experience. As of June 30, 2021, the company has 443 R & D personnel, accounting for 26.78% of the total number of employees.
It is worth mentioning that Han CNC is also a national high-tech enterprise and the Deputy Supervisor unit of CPCA. The company has actively participated in a number of major national, provincial and municipal scientific research projects, led the drafting of the industry standard of semantic specification of printed circuit equipment communication protocol, and has won the "best contribution award in the circuit board industry", " Shennan Circuits Co.Ltd(002916) " gold supplier " Founder PCB "best equipment supplier", " Shenzhen Kinwong Electronic Co.Ltd(603228) " excellent supplier "and many other industry honors.
With continuous R & D investment, Han CNC has gradually formed rich technical reserves around its main business, and completed CAE optical electromechanical joint digital virtual simulation technology, micro blind hole drilling technology, laser direct imaging technology with high-speed and high-precision control of micro mirror array, precision electrical performance testing technology Planning of core technology R & D and technology evolution roadmap related to a series of PCB special processing equipment, such as special software platform and core algorithm technology.
In the view of senior industry insiders, "the technical advantages accumulated by Han's CNC will fully support the company to explore and enter high-end markets such as IC packaging substrate and arbitrary layer HDI with high technical added value in the future, and continue to provide customers with perfect equipment and solutions."
performance growth driving into the fast lane
With years of technology accumulation, in recent years, the business performance of Han's CNC has driven into the fast lane.
From 2018 to 2020 and the first half of 2021, the operating revenue of Han's CNC was 1.723 billion yuan, 1.323 billion yuan, 2.210 billion yuan and 1.904 billion yuan respectively; The corresponding net profit attributable to the parent company is RMB 373 million, RMB 228 million, RMB 304 million and RMB 263 million respectively.
In addition, from January to September 2021, Han CNC achieved an operating revenue of 2.868 billion yuan, an operating profit of 504 million yuan and a net profit of 451 million yuan, an increase of 74.89%, 74.41% and 76.79% respectively over the same period last year. The main reason for the large increase is that with the upgrading of 5g communication network and the further development of big data, the demand of PCB industry has increased rapidly, and the downstream PCB manufacturers have actively increased the capital expenditure on PCB special equipment. The company has a leading industry position in PCB special equipment industry, and the sales volume of equipment has increased rapidly.
For the annual performance of 2021, Han's CNC expects to realize an operating revenue of 3.95 billion yuan to 4.1 billion yuan, an increase of 78.71% to 85.49% compared with 2.21 billion yuan in the same period of last year; The net profit that can be realized is expected to be 690 million yuan to 730 million yuan, an increase of 126.96% to 140.12% compared with the net profit of 304 million yuan in the same period of last year.
According to the sales area, Han's CNC market is concentrated in China, and the domestic sales volume is increasing year by year. From 2018 to 2020, Han CNC's domestic sales revenue was 1.384 billion yuan, 1.171 billion yuan and 2.017 billion yuan respectively, accounting for 84.45%, 96.26% and 96.55% of the total revenue respectively. The overseas sales revenue was 255 million yuan, 455154 million yuan and 720455 million yuan respectively, accounting for 15.55%, 3.74% and 3.45% of the total revenue respectively.
It is worth mentioning that with competitive product matrix and rich sales experience, Han CNC has accumulated rich customer resources. The company has covered 89 companies in the list of NTI's top 100 PCB Companies in 2019 and 95 companies in the list of the top 100 PCB Companies in the 19th (2019) China circuit industry (CPCA).
Among them, including Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\pcbmanufacturer.
These large-scale enterprises have always considered the strength of suppliers strictly, and being able to maintain a long-term and stable cooperative relationship with them means that Han's CNC has been unanimously recognized by customers in terms of industry status, popularity, product competitiveness and development toughness. At the same time, the extensive customer base and the coverage of well-known customers in the industry have laid a good market foundation for the sustainable development of the company in the future and provided a strong guarantee for further improving the business scale and profitability.
raised investment projects to further consolidate the industry position
Benefiting from the rapid development of electronic information industry, the global PCB industry will maintain steady growth. As a major PCB manufacturing country, China is expected to usher in a high-speed growth stage of the industry, and the demand for PCB special equipment is also expected to enter the fast lane of development. However, at present, the production and marketing rate of Han's CNC main products is high. With the rapid development of downstream PCB industry, the company's current production scale and production capacity have tended to be saturated.
In this context, the funds raised by the IPO of Han CNC are intended to be used for the production, reconstruction and expansion project of PCB special equipment and the construction project of PCB special equipment technology R & D center.
"The reconstruction and expansion project of PCB special equipment production is an expansion of the company's existing production capacity, which helps the company break the constraints of production capacity bottleneck on the company's performance growth, meet the growing market demand, implement the marketing plan matching the production capacity and improve the company's sustainable profitability." Han CNC also predicted that after the completion of the project, it will achieve an annual production capacity of 2120 sets of PCB special equipment such as drilling equipment, molding equipment, exposure equipment and testing equipment, with an annual output value of about 1.965 billion yuan.
In addition, PCB special equipment industry is a capital intensive and technology intensive industry, and continuous R & D investment is the key to maintaining the company's market competitiveness. With the rapid development of PCB market segments such as high-rise multi-layer board, HDI board and IC packaging substrate in China, the demand of Chinese PCB manufacturers for high-end equipment has increased. However, due to the limitations of the use area, the number of experimental equipment and the service life of the equipment, the existing R & D conditions of Han's CNC are difficult to meet the expansion plan of the scientific research team in the future; At the same time, the company's scientific research team needs more advanced laboratories and experimental equipment for new technology research and development.
Looking forward to the future, Han CNC said that the company will focus on the strategic vision of "becoming the most respected and trusted PCB equipment service provider in the world", focusing on three aspects of strategic improvement to enhance the company's core competitiveness. First of all, in line with the development trend of automation and intelligence of PCB production and manufacturing, the company will actively grasp the development opportunities of PCB market segments, focus on the fields of HDI board, IC packaging substrate, flexible board and rigid flex combination board with fast market growth and higher technical threshold, give full play to the collaborative advantages of multiple products and scenes, and research and develop products that meet the needs of different market segments An intelligent manufacturing solution with market competitiveness covering the whole process of PCB production should not only break the foreign technology monopoly from the level of product performance, but also catch up with and surpass the foreign technology from the dimension of PCB whole process intelligent manufacturing, so as to expand from a single PCB segment to multiple PCB segments.
The company further said: Take the upstream and downstream PCB manufacturers as the starting point of real-time integration of key processes, and gradually deepen the research and development of PCB products from the upstream and downstream manufacturers to the leading point of the whole industry Type supply. Finally, the company will continue to improve its service capability, give full play to the service advantages of localization and rapid response, provide customers with full life-cycle value-added services from technical consultation, equipment selection to operation and maintenance and technology upgrading, upgrade the traditional product sales relationship to continuous value interaction with customers, and constantly change to a one-stop solution service provider. "
