Zhongtai Securities Co.Ltd(600918) the small and medium-sized market research team combed and studied the companies approved by the CSRC for IPO registration in the latest week (November 22, 2021-november 28, 2021) on the gem and the science and innovation board, launched the weekly special research report on new shares, and will expand to the corresponding stocks of the Beijing stock exchange in the future. This weekly report involves 4 enterprises to be issued on the science and innovation board and 4 enterprises to be issued on the gem:
Kechuang board:
Pinko software (a20245. SH): the company is an industry-leading software information service provider providing cloud platform and industry information solution services for multiple fields and industries. From 2017 to 2020, the compound growth rates of revenue and net profit were 22.37% and 41.93% respectively. The private cloud computing industry is booming. The company’s four cloud computing products have technical advantages and stable customer resources. With the implementation of raised investment projects and the further expansion of R & D capacity, it is expected to significantly improve profitability.
Torch technology (a21012. SH): the company is a high-tech enterprise mainly engaged in the R & D, production and sales of high-power semiconductor laser components and laser optical components upstream of the laser industry. The compound growth rate of revenue from 2017 to 2020 was 10.94%. In 2020, the company’s net profit attributable to the parent company was 34.87 million yuan, from negative to positive. Its industry has a high prosperity, good policy orientation and large growth space, The profitability is prominent. It is recommended to pay attention to the progress of the company’s raised investment projects and the continuation of subsequent profit transformation.
Chunli medical (a20684. SH): it is mainly engaged in the R & D, production and sales of implantable orthopedic medical devices. Its main products are joint prosthesis products and spinal implant products, ranking second in China’s joint implant medical device market. From 2017 to 2020, the compound growth rates of revenue and net profit were 46.16% and 60.70% respectively. Purchasing with volume promotes the increase of industry demand. With the increase of production capacity of raised investment projects, it is expected that the profitability of the company will continue to improve.
Galen Electronics (a21192. SH): it is an EDA enterprise with international market competitiveness. Its main products and services include manufacturing EDA tools, design EDA tools, semiconductor device characteristic test instruments and semiconductor engineering services. The compound growth rate of revenue from 2018 to 2020 was 62.68% respectively; In 2020, the net profit attributable to the parent company was 13.24 million yuan, from negative to positive. At present, the industry demand is strong, the company’s customer coverage and order amount are increasing year by year, the global sales network is gradually taking shape, and the market position and product competitiveness are rising.
Gem:
Oni Electronics (a20632. SZ): the company is positioned as “intelligent audio-visual software and hardware solution provider and manufacturer”. Under the background of the integration of artificial intelligence and Internet of things applications, the company focuses on the audio-visual data collection, transmission and processing of smart home, smart travel, smart office and other application scenarios. Its core products are computer / TV external cameras, webcams, tachographs Bluetooth headset and other intelligent audio-visual terminals., From 2017 to 2020, the compound growth rates of revenue and net profit were 52.70% and 329.66% respectively. The core business of its main intelligent electronic equipment manufacturing is related to 5g, Internet of things and other popular tracks, and the industry prosperity is high. It is recommended to pay attention to the progress of the company’s fund-raising and investment project expansion.
Yayi Technology (a20599. SZ): it is a light industry manufacturing company focusing on the R & D, design, production and sales of outdoor leisure furniture products. The compound growth rates of revenue and net profit from 2017 to 2020 were 31.31% and 48.24% respectively. Due to the impact of the epidemic, the demand for outdoor furniture in the United States, the company’s largest export destination, has increased sharply, and the short-term prosperity of the industry has improved. The company is expected to achieve rapid growth in performance through product expansion and product design development in the future.
Deshi Co., Ltd. (a20593. SZ): the company is mainly engaged in the R & D, production, sales and leasing of special tools and equipment for oil drilling, and carries out engineering and technical services for directional drilling and horizontal drilling. From 2018 to 2020, the compound growth rates of revenue and net profit were 23.27% and 64.17% respectively. The company has stable and high-quality customer resources, large-scale production and supply capacity and complete professional qualifications. It is expected that this split and listing will improve the company’s operational independence, promote technological innovation, and further improve its revenue and performance.
Chaoda equipment (a20441. SZ): the company is a leading supplier of automobile interior and exterior decoration molds in China, mainly engaged in the R & D, production and sales of molds, automobile inspection tools, automatic chemical assembly equipment and parts. The compound growth rate of revenue from 2018 to 2020 is 1.87%. In 2021h1, the operating revenue was 218 million yuan, with a year-on-year increase of 23.44%. The net profit and the number of new orders increased compared with the same period of the previous year. At present, the development prospect of the industry is good. The company has broad and high-quality customer resources and rich product lines, realizes the extension of mold industry chain and large-scale export of mold products, and has strong market competitiveness.
Risk tips: 1) the corresponding companies still have the risk of failure to be listed due to special events; 2) The research is only based on the prospectus (Registration draft) and other public materials of the corresponding company, which can not fully reflect the latest situation of the company.
