Orient Securities Company Limited(600958) underwriting sponsor Co., Ltd
about
Hubei Dongtian Micro Technology Co., Ltd. initial public offering and listing on the gem
Listing recommendation
Sponsor (lead underwriter)
Statement
Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd. (hereinafter referred to as “Oriental Investment Bank” and “recommendation institution”) is entrusted by Hubei Dongtian Micro Technology Co., Ltd. (hereinafter referred to as “company” and “issuer”) to act as the recommendation institution for its initial public offering and listing on the gem.
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 the registration of initial public offerings on the gem (for Trial Implementation) (hereinafter referred to as the “measures for the administration of registration”) and the measures for the administration of securities issuance and listing recommendation business The Shenzhen Stock Exchange GEM Listing Rules (hereinafter referred to as the “Listing Rules”) and other relevant laws, administrative regulations and the provisions of the China Securities Regulatory Commission and the Shenzhen Stock Exchange shall be honest, trustworthy, diligent and conscientious, issue this listing recommendation letter in strict accordance with the business rules, industry practice norms and ethical standards formulated according to law, and ensure the authenticity, accuracy and integrity of the documents issued.
(unless otherwise specified in this listing recommendation letter, relevant terms have the same meaning as in the prospectus of Hubei Dongtian Micro Technology Co., Ltd. for initial public offering and listing on GEM)
Section 1 basic information of this securities issuance
1、 Basic information
1. Chinese Name: Hubei Dongtian Micro Technology Co., Ltd
2. English Name: Hubei Doti Micro Technology Co., Ltd
3. Registered capital before this offering: 60 million yuan
4. Legal representative: Gao Denghua
5. Date of establishment of the company: July 24, 2009
6. Date of establishment of overall change: July 24, 2020
7. Company domicile: No. 188, south section of changban Road, Yuquan office, Dangyang city
8. Unified social credit Code: 914205826917618954
9. Postal Code: 444100
10. Tel: 076922258070
11. Fax No.: 076922268939
12. Internet website: www.doti-optical.com com.
13. Email: dtw@doti -optical. com.
Department: Securities Affairs Department
14. Responsible for disclosure and investor relations management: person in charge: Zhang Xiaobo
Tel: 076922258070
2、 Main business
The company is a high-tech enterprise specializing in the R & D, production and sales of precision photoelectric thin film components, and has the self-development and production capacity of coating materials. Its main products are camera filters and optical communication components, which can be widely used in consumer electronic products, vehicle mounted cameras, security monitoring equipment, optical communication signal transmission, data center and other application terminal fields. After years of deep cultivation, the company has accumulated rich industry experience in the field of precision photoelectric thin film components, and mastered a number of core technologies such as optical coating material ratio development, optical film system design, optical path design, vacuum evaporation coating, magnetron sputtering coating and precision processing, which have been highly recognized by downstream customers and terminal brands.
Since its establishment, the company has always adhered to technological innovation as the core. As of the signing date of the listing sponsor, the company has 70 patents, including 9 invention patents and 61 utility model patents. The company attaches great importance to the improvement of R & D capability and has a series of core processes and technologies such as coating, silk screen printing, cutting, assembly and AOI automatic detection required for the production of main products. The Japanese company has independently developed and applied the ultra-thin optical coating material with higher reflectivity and improved infrared coating technology, which has been used in the production of ultra-thin optical film with less time-consuming and non crack coating technology, and has been improved by the Japanese company for nearly 3 years Audio and other brands are in the camera module of main models. In addition, the company has the production technology of spin coated infrared cut-off filter. As of the signing date of the listing sponsor, the issuer has won the bid for the new project of spin coated infrared cut-off filter and will ship it in batches. At the same time, the company actively carries out product layout in the field of optical communication, continues to carry out new product R & D and process improvement, and has mass produced to cap and GPON filter. The company uses magnetron sputtering coating to produce CWDM narrow-band filter, which shortens the film-forming time and reduces the production cost. The passband ripple value is controlled within the range of 0.15dB, and maintains high product yield, product consistency The reproducibility is better than the traditional evaporation coating technology.
After years of development and technology accumulation, the company has continuously enriched the types of product models and expanded the production scale. The company strictly controls product quality and has passed ISO9001 quality management certification and ISO14001 environmental management system certification. Relying on high-quality product quality and adhering to the business philosophy of keeping up with market demand, the company has been recognized by many customers in the industry. At present, it has entered the supply chain of world-renowned camera module manufacturers and smart phone brand manufacturers, and has established direct, long-term and stable cooperative relations with well-known camera module manufacturers at home and abroad, such as Ofilm Group Co.Ltd(002456) , Qiu Ti technology, Xinli optoelectronics, SunYu optics, Shengtai optics, Shenzhen Txd Technology Co.Ltd(002845) and so on, The products are widely used in smart phones of well-known brands such as Huawei, Xiaomi, oppo, vivo, voice transmission, Samsung and glory; Optical communication component products have established long-term and stable cooperative relations with Suzhou xuchuang, metta, ruigu optical network, etc.
During the reporting period, there was no significant change in the company’s main business. 3、 Core technology and R & D level
(I) core technology and technology source
1. Key business data, technical indicators and core technology threshold to measure the issuer’s core competitiveness
(1) Key business indicators to measure the company’s core competitiveness
The key business indicators to measure the company’s core competitiveness include operating revenue and compound growth rate, net profit and its growth rate, asset scale, weighted average return on net assets, R & D expenses and expense rate, R & D personnel and proportion, number of patents, customer group, etc.
Compared with the listed companies in the same industry, the company is still in the development stage, and the net profit and profit margin show a rapid growth trend, but it is inferior to the listed companies in the same industry in terms of asset scale and R & D achievements. The specific comparison of key business data and indicators is as follows:
Issuer of key business indicators Zhejiang Crystal-Optech Co.Ltd(002273) Hubei W-Olf Photoelectric Technology Co.Ltd(002962) Hangzhou Mdk Opto Electronic Corporation Limited(688079) Optowide Technologies Co.Ltd(688195) Jingbang Optoelectronics
Business year 20214034416380938217880119439467130274983237808
Income in 20204579995322342645885447422552326925012870862
And the compound growth rate of 28438712999838272681 Hangzhou Xzb Tech Co.Ltd(603040) 01917902592003469 in 2019 has been compounded in the last three years
(the growth rate of Wanhe is 19.11%, 12.69%, 4.12%, 20.23%, 30.04%, 27.13% yuan)
Net profit in 20216914.064612204831963991441522818595586
Runji 20206783.07460875113801321423651708913516858
Its growth rate in 2019 was 4992531, 1588125, 768902, 456371 and 229286
(the last three years saw a compound growth rate of 85.14% – 3.88% – 27.62%, 13.55%, 7.03% and 61.17% yuan)
Assets in 2021689261398351287205 Qitian Technology Group Co.Ltd(300061) 8655075100930235206839
Scale 2020689424875126588200672611081013263561265166722
(10000 in 2019)
(yuan) 44421366391374618927157674046642172183043023
Weighted 202117.94 6.71 4.83 7.18 7.24 15.52
Average 2020: 27.57 8.32 8.28 28.45 18.68 17.28
Net capital
Production and income 2019
Profit rate 12.82 12.02 14.85 31.43 18.21 11.81 (%)
R & D in 20212587.352442185399091637789247960169082
Cost in 20202756.742087880350471423387199731161158
(10000 in 2019)
RMB 1610911584037351978303018116699 951.13
R & D 2021 6.41 6.41 5.06 14.51 8.19 5.22
Cost 2020 6.02 6.48 5.95 10.02 7.42 5.61
Rate 2019
（%） 5.66 5.28 4.84 9.97 6.52 4.75
Proportion of R & D personnel (%) 16.46 12.10 – 10.86 11.28 12.73
As of the previous year, as of 2021, as of 2021, as of 2021, as of 2022, the city’s letter of recommendation, December 31, December 31, December 31, March 22, signing date, crystal light day, five party light day, Hangzhou Mdk Opto Electronic Corporation Limited(688079) day, tengjingke day, Jingbangguang company owns electric power, China electric power owns 133, owns 158 technologies, and owns a total of 70 patents, including 73 patents, 43 patents, including 354 patents, including 15 invention patents, including technology, Among them, there are 17 invention patents out of 9 invention patents
