On April 14, Guoguang Electric Co.Ltd.Chengdu(688776) held the annual general meeting of shareholders in Chengdu Guoguang Electric Co.Ltd.Chengdu(688776) successfully landed on the science and innovation board in 2021, benefiting from the growth of revenue scale in the field of nuclear industry and microwave devices. In the first year of listing, the company handed over brilliant transcripts with revenue and net profit increasing by 32.41% and 72.8% respectively year-on-year.
“The company’s main business demand shows a rapid growth trend. At the same time, we will further strengthen the research and development of new products and speed up the research and development of new products.” Guoguang Electric Co.Ltd.Chengdu(688776) chairman Zhang Ya told the reporter of Securities Daily: “In the past, it may take about three years for a new project from R & D to production and then to mass production. With the changes of the international situation and the implementation of the new policies, we will achieve mass production in the shortest time with better indicators, faster efficiency and higher reliability, and take advantage of the opportunity to enter the capital market to give full play to the advantageous resources of all parties and promote the further development and growth of the company.”
capacity release boosts performance
Guoguang Electric Co.Ltd.Chengdu(688776) is one of the national 156 key construction projects assisted by the former Soviet Union during China’s “first five year plan” period. With nearly 60 years of R & D and production history, the company has mastered the key technologies in the fields of microwave, electric vacuum and nuclear industry, formed independent intellectual property rights, maintained the leading competitiveness in subdivided fields, and has been undertaking the R & D and production tasks of supporting products for various national key projects for many years.
From the fields involved in Guoguang Electric Co.Ltd.Chengdu(688776) main business, microwave electric vacuum devices are the core parts of electronic equipment in aviation, aerospace, radar communication and other fields, which need to meet high iterative requirements, and the rigid demand of electric vacuum devices has been strong; The company’s nuclear industrial equipment is mainly used in the field of nuclear fusion; The company’s pressure vessel safety accessories are mainly used in the transportation of various hazardous chemicals. Among them, the electronic vacuum device manufacturing industry and nuclear industry have high access threshold.
vice chairman wuchangnian of Guoguang Electric Co.Ltd.Chengdu(688776) introduced to the reporter of Securities Daily that electric vacuum belongs to a relatively focused and professional field, and is expected to meet greater demand in nuclear industry, military and other fields in the future. “With the development trend of broadband, high frequency and high power, the market demand is increasing. The company may focus more on the field of military equipment and nuclear industry.”
It is worth mentioning that under the background of maintaining the advantages in professional fields and good downstream demand, the release of production capacity has had a positive impact on the performance growth of Guoguang Electric Co.Ltd.Chengdu(688776) . In 2021, the company achieved batch sales of products in the field of nuclear industry, with a year-on-year increase of 90.11%. At the same time, the revenue in the field of microwave devices increased by 20.77%, which promoted the significant growth of the company’s performance.
Guoguang Electric Co.Ltd.Chengdu(688776) Board Secretary Li Nai introduced to the reporter of Securities Daily: “In 2021, the overall development of the company basically met our expectations, and the growth rate of several major sectors was consistent with that expected at the beginning of the year. Last year, the company did a lot of work in capacity improvement, and it is expected that the capacity will be released better this year. At the same time, the downstream demand is very clear. We believe that the business in the nuclear industry will enter a rapid development channel in the next few years, and the military products field is also in a good situation 。 We have achieved batch production, conversion and model tracking of multiple models in the fields of military products and nuclear industry, which has laid a solid foundation for the rapid growth of this year and even the next few years. “
continuously promote R & D and innovation strength
From the perspective of 2022, accelerating the creation of “Guoguang characteristic” products and continuously improving the strength of technology R & D and innovation will be the key work of Guoguang Electric Co.Ltd.Chengdu(688776) .
According to the plan, the company will accelerate the construction of fund-raising projects and form a product structure dominated by three major products: special electric vacuum devices, special equipment and components in the field of nuclear industry and pressure vessel safety accessories. At the same time, on the basis of expanding the number of technicians to 232 in 2021 (accounting for 23.94% of the total number of employees), Guoguang Electric Co.Ltd.Chengdu(688776) plan will also increase the investment in R & D funds, strengthen the introduction and training of high-end R & D talents, and strengthen the construction of R & D system, so as to continuously consolidate the two technical paths of microwave and true space, combined with materials science, optics, automation, electronics, nuclear physics, low-temperature physics Thermodynamics and other science and technology constitute the core technology platform.
“On the one hand, the company has continuously enhanced its training of the technical team, and on the other hand, has carried out deep cooperation with the famous universities such as University of Electronic Science and technology in the microwave field, including establishing a joint laboratory and other ways to help the company to ensure long-term advanced technology.” Li Ning said.
Guoguang Electric Co.Ltd.Chengdu(688776) will also face new challenges after successfully landing on the science and innovation board and realizing the growth in the first year of listing. Zhang Ya said: “the market prospect in the future is considerable. However, with the development from small batch to mass production, the company’s work in internal control, management, quality and procedures should also be accelerated and optimized. At the same time, we will also promote fund-raising projects as planned.”
