Minsheng Securities Co., Ltd
About Guangdong Lyric Robot Automation Co.Ltd(688499) issuing convertible corporate bonds to unspecified objects
of
Listing recommendation
Sponsor (lead underwriter)
(No. 8, Puming Road, China (Shanghai) pilot Free Trade Zone)
April, 2002
Statement
The recommendation institution and the recommendation representative have, 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”), the measures for the administration of securities issuance and listing recommendation business (hereinafter referred to as the “measures for the administration of recommendation”) and the measures for the administration of securities issuance and registration of companies listed on the science and Innovation Board (for Trial Implementation) (hereinafter referred to as the “measures for the administration of registration”) The Listing Rules of Shanghai Stock Exchange (hereinafter referred to as “the Listing Rules of Shanghai Stock Exchange”) and the relevant laws and regulations of Shanghai Securities Regulatory Commission (hereinafter referred to as “the Listing Rules of Shanghai Stock Exchange”) shall be formulated and issued in strict accordance with the integrity of the Listing Rules of Shanghai Stock Exchange and the relevant laws and regulations of Shanghai Securities Regulatory Commission (hereinafter referred to as “the Listing Rules of Shanghai Stock Exchange”).
Unless otherwise specified, the abbreviations and terms used in this listing recommendation letter are consistent with the prospectus for Guangdong Lyric Robot Automation Co.Ltd(688499) issuing convertible corporate bonds to unspecified objects.
1、 Issuer profile
(I) basic information
Chinese Name: Guangdong Lyric Robot Automation Co.Ltd(688499)
English Name: Guangdong Lyric Robot Automation Co., Ltd
Stock abbreviation: Guangdong Lyric Robot Automation Co.Ltd(688499)
Stock Code: Guangdong Lyric Robot Automation Co.Ltd(688499)
Place of listing: Shanghai Stock Exchange
Registered capital: 88 million yuan
Legal representative: Zhou Junxiong
Secretary of the board of directors: Gao Xuesong
Date of establishment: November 19, 2014
Restructuring date: July 19, 2018
Registered address: No. 4, Xinpeng Road, Ma’an Town, Huicheng District, Huizhou
Office address: No. 4, Xinpeng Road, Ma’an Town, Huicheng District, Huizhou
Tel: 07522819237
Fax No.: 07522819163
Internet address: http://www.liyuanheng.com./
Email: [email protected].
Unified social credit Code: 914413023152526673
Design, production and sales: precision automation equipment, industrial Siasun Robot&Automation Co.Ltd(300024) , mold (excluding electroplating and casting processes); Import and export of goods; Technology import and export; Sales: mask raw materials and accessories; House leasing; Equipment leasing; estate management; Business scope of parking lot: service; Human resources services (excluding professional intermediary activities and labor dispatch services); Business training (excluding education training, vocational skill training and other training requiring permission); Education and teaching testing and evaluation activities; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) main business
The company is mainly engaged in the R & D, production and sales of intelligent manufacturing equipment, and provides high-end equipment and digital intelligence whole plant solutions for well-known enterprises at home and abroad in lithium battery, auto parts, ICT and other industries. At the same time, the company has gradually laid out photovoltaic and hydrogen energy industries.
As one of the leading enterprises in China’s lithium battery manufacturing equipment industry, the company has established long-term and stable cooperative relations with well-known manufacturers such as new energy technology, Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , honeycomb energy, Gotion High-Tech Co.Ltd(002074) , Sunwoda Electronic Co.Ltd(300207) . While focusing on serving the leading customers in the lithium battery industry, the company actively develops high-quality customers in auto parts, ICT, photovoltaic, hydrogen energy and other industries, and improves its position in the intelligent manufacturing equipment industry.
(III) core technology of the issuer
The company’s core technologies include imaging detection, integrated control, intelligent decision-making, laser processing, flexible assembly, digital twins, etc. These technologies are the basis of the company’s product design and production. Finally, through the application in handling, processing, assembly, testing and packaging or the overall workshop, the intelligent manufacturing level of downstream industries can be improved. The company customized and developed intelligent manufacturing solutions for downstream customers such as lithium batteries, auto parts, precision electronics, security and rail transit, so as to promote the expansion of intelligent manufacturing related technologies to multiple industries.
In 2019, the “key technologies and complete sets of equipment for hot and cold pressing capacity of lithium battery” and “key technologies and complete sets of equipment for full-automatic assembly of power battery core making process” independently developed and produced by the company were identified by Guangdong Institute of mechanical engineering, the overall technology was at the international advanced level, and was awarded the 2019 Guangdong Provincial Science and technology progress award. The “automatic assembly and high-precision and efficient detection technology and equipment of automobile VVT phaser” independently developed and produced by the company has been identified by Guangdong mechanical engineering society. The overall technology is at the leading level in China, and some indicators have reached the international advanced level.
In 2020, the “fully automatic soft pack lithium battery production line” jointly developed by the company with Guangzhou Qingtian Industrial Co., Ltd. and Hunan University of science and technology was identified by Guangdong mechanical engineering society, and the overall technology is at the international advanced level.
In July 2021, the “Research on key technologies and industrial application of lithium battery laser welding” jointly completed by the company and Huizhou University was identified by Guangdong mechanical engineering society, and the overall technology is at the international advanced level.
(IV) R & D level of the issuer
1. R & D investment
Since its establishment, the company has always paid attention to the investment in R & D. During the reporting period, the company’s R & D expenses accounted for 14.14%, 11.48% and 11.70% of its operating revenue respectively. The composition of R & D expenses is as follows:
Unit: 10000 yuan
Project 20212020 2019
R & D expenses 272708616412011256901
Operating income 23313490142996528888969
R & D expenses accounted for 11.70%, 11.48% and 14.14%
2. R & D personnel
As of December 31, 2021, the total number of registered employees of the company is 6496, including 1517 R & D personnel, accounting for 23.35% of all registered employees.
(V) main operating and financial data and financial indicators
1. Main data of consolidated balance sheet
Unit: Yuan
Project December 31, 20212020 2019
December 31 December 31
Total assets 557579461658346344118591158562738299
Total liabilities 35780036916324146954816194259302263
The owner’s equity attributable to the parent company is 199779092495104874570430643034360366
Total owner’s equity 19977909249510487457043064303436036
2. Main data of consolidated income statement
Unit: Yuan
Project 20212020 2019
Operating income 23313490016314299651931788889690276
Operating profit 21209718277147766768849388708514
Total profit 21213378677147438841739258071597
Net profit 21233611374140455692569308650708
Net profit attributable to shareholders of the parent company 21233611374140455692569308650708
3. Main data of consolidated cash flow statement
Unit: Yuan
Project 20212020 2019
Net cash flow from operating activities 1229608958 -11808257401 -9121476350
Net cash flow from investment activities -53322441388 -17149185417 -8067168133
Net cash flow from financing activities 103399969680451064717857379573962
Effect of exchange rate changes on cash and cash equivalents -159060811 -498587963724033
Net increase in cash and cash equivalents 5114807643916099170171 -9805346488
4. Main financial indicators and non recurring profit and loss statement
(1) Main financial indicators
During the reporting period, the main financial indicators of the issuer are as follows:
End of 2021 end of 2020 end of 2019
Current ratio (Times) 1.30 1.17 1.21
Quick ratio (Times) 0.80 0.73 0.77
Asset liability ratio (consolidated): 64.17%, 69.72%, 59.45%
Asset liability ratio (parent company): 63.54%, 69.29%, 59.15%
Project 20212020 2019
Accounts receivable turnover rate (Times) 3.95 4.69
