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 of gem and science and Innovation Board (2022.01.04-2022.01.09), and launched the weekly special research report on new shares. 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:
Medium catalyst (a21122. SH): the company is a specialized and new enterprise mainly engaged in the R & D, production, sales and chemical industry of special molecular sieves and new catalytic materials. The compound annual growth rates of the company’s revenue and net profit from 2018 to 2020 were 54.93% and 215.49% respectively, with outstanding growth capacity. There is a certain market demand in the industrial catalyst industry. With the enhancement of the company’s R & D and production capacity promoted by the raised investment projects, the company is expected to further improve its industry strength and market position.
Science and technology navigation (a20664. SH): the company is mainly engaged in the R & D, production and sales of inertial navigation system and its core components, and provides customers with technical services related to navigation, guidance and control system based on its own technology. The compound annual growth rates of the company’s revenue and net profit from 2018 to 2020 were 189.89% and 212.42% respectively, with outstanding growth capacity. The military navigation field has a broad market and steady growth. With the raised investment projects promoting the improvement of the company’s technology R & D capability, the overall level of independent innovation, and the enhancement of the production capacity and service capacity of core products, the company is expected to further improve its industry strength and market position.
AsiaInfo security (a21025. SH): the company is a network security company, which puts forward the development concept of “security defines the boundary”. Based on identity security, focusing on cloud network security and endpoint security, taking the security platform as the hub and supported by threat intelligence, the company constructs a product technology strategy of “all cloud, all linkage and all intelligence”, Enable the digital security operation capability of enterprises in the 5g era. The compound growth rates of the company’s revenue and net profit attributable to the parent company from 2017 to 2020 were 25.23% and 103.26% respectively. On the premise of the integration of 5g network, cloud computing, edge computing and other industries, the national policy support for the network security industry and the growing market demand for network security products and services promote the vigorous development of the network security industry. The company is deeply engaged in the field of network security, constantly developing and improving network security products and services, and has strong development potential and sustainable operation ability.
Kun hengshunwei (a21100. SH): the company is mainly engaged in the R & D, production and sales of high-end radio test simulation instruments, focusing on the fields of mobile communication, wireless networking, radar, electronic countermeasure, Internet of vehicles, navigation and so on, providing high-end test simulation instruments and system solutions for radio equipment performance and function detection. The compound growth rates of the company’s revenue and net profit from 2017 to 2020 were 39.59% and 40.61% respectively. The company’s downstream industries have rich and rapid development application scenarios, involving many industries and fields such as mobile communication, wireless networking, radar, electronic countermeasure, Internet of vehicles and navigation, promoting the localization of high-end instruments and meters and promoting the rapid growth of market demand for domestic high-end test simulation instruments. In addition, it is recommended to pay attention to the test and production of the company’s spectrum analyzer products, which will further increase the company’s sales revenue once reaching production.
Gem:
Han CNC (a21067. SZ): the company’s main business is the R & D, production and sales of PCB special equipment. It is one of the enterprises with the most extensive product lines among PCB special equipment enterprises in the world. The compound growth rates of the company’s revenue and net profit from 2017 to 2020 were 35.70% and 21.23% respectively, with outstanding revenue growth capacity. PCB industry has high prosperity, large domestic substitution space and stable growth space. The implementation and implementation of raised investment projects will significantly improve the company’s production capacity and R & D capacity, and is expected to further improve the company’s market share and its own competitive strength.
Zhaoxun media (a20539. SZ): Based on the grid layout of China’s high-speed railway, the company has built a high-speed railway digital media network covering the whole country, and is engaged in the development, operation and advertising of high-speed railway digital media resources. It is a pioneer in the field of high-speed railway digital media, and has developed into a national high-speed railway site layout High speed rail digital media operators with the highest number of digital media resources. The compound growth rates of the company’s revenue and net profit from 2017 to 2020 were 13.05% and 18.34% respectively. There is room for stable growth in the railway media advertising industry. The company’s financial indicators perform well and are better than the average level of comparable companies in the industry. The implementation and implementation of raised investment projects will significantly improve the company’s product coverage, marketing ability and operation efficiency, and is expected to further improve the company’s market share and its own competitive strength
West Point Pharmaceutical (a20392. SZ): the company is mainly engaged in the R & D, production and sales of chemical APIs and preparations. The compound growth rates of the company’s revenue and net profit from 2017 to 2020 were 1.54% and 2.92% respectively. According to the prediction of Nanfang Institute, the total industrial output value of China Meheco Group Co.Ltd(600056) will maintain rapid growth in the next decade. The chemical preparation and chemical API industry of the company’s main products are the two sub industries with the largest proportion of the pharmaceutical industry, and the industry boom is upward. It is suggested to pay attention to the progress of consistency evaluation of Ozagrel Sodium for injection. Once the preparation is listed, the company will obtain new market share and new profit growth point.
Biao Co., Ltd. (a20605. SZ): the company’s main business is the R & D, production and sales of a series of products such as automobile nylon pipes and connectors. Its main products include power system connecting pipes, cooling system connecting pipes and connectors. It is one of the few advantageous enterprises of automobile nylon pipes entering the supply system of joint venture brand vehicle factories in China. The compound growth rates of the company’s revenue and net profit attributable to the parent company from 2017 to 2020 were 33.12% and 64.35% respectively. The automobile industry presents the trend of lightweight and environmental protection, the application scenario of nylon pipeline is gradually widened, and the industry prosperity of the company is upward. With the implementation of raised investment projects, the company will further improve production capacity, improve product quality, continue to participate in the synchronous R & D of vehicle manufacturers, continuously expand its application in the field of new energy vehicles, and promote the long-term and stable growth of the company’s performance scale.
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.
