Citic Securities Company Limited(600030)
about
Weihai Honglin Power Technology Co., Ltd. initial public offering and listing on the gem
Listing recommendation
Sponsor (lead underwriter)
North block of excellence Times Square (phase II), No. 8, Zhongxin Third Road, Futian District, Shenzhen, Guangdong Province
January, 2002
catalogue
catalogue 1 declare that Section 1 basic information of this securities issuance three
1、 Basic information of the issuer three
2、 This offering nineteen
3、 Sponsor representative, Project Co sponsor and other members of the project team nineteen
4、 The relationship between the sponsor and the issuer twenty
5、 Internal audit procedures and core opinions of the recommendation institution Section 2 sponsor’s commitments Section III recommendation conclusion of the sponsor on the issuance and listing of Securities twenty-four
1、 Sponsor conclusion twenty-four
2、 This offering has fulfilled the necessary decision-making procedures twenty-four
3、 The issuer meets the issuance conditions stipulated by the CSRC twenty-four
4、 The issuer meets the issuance conditions specified in the gem IPO twenty-five
5、 Work arrangement during continuous supervision of the company twenty-seven
Statement
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) “, “sponsor” or “sponsor”) and its sponsor representatives have been honest, trustworthy, diligent and responsible in accordance with the company law of the people’s Republic of China (hereinafter referred to as “company law”), the securities law and other laws and regulations and the relevant provisions of the CSRC and Shenzhen Stock Exchange, Issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and complete.
Unless otherwise specified, the abbreviation in this listing recommendation letter has the same meaning as the abbreviation in the prospectus of Weihai Honglin Power Technology Co., Ltd. for initial public offering and listing on GEM (Registration draft).
Section 1 basic information of this securities issuance
1、 Basic information of the issuer (I) basic information of the issuer
Company name: Weihai Honglin Power Technology Co., Ltd
Registered capital: 291821809 yuan
Legal representative: Chi Shaolin
Date of establishment: November 27, 1997
Address: 9-10 Pudong Road, Weihai Economic and Technological Zone
Postal Code: 264205
Tel.: 0631-3678599
Fax No.: 0631-3678704
Email: [email protected].
Type of securities issuance: initial public offering of RMB common shares (A shares)
The office of the board of directors of the company is responsible for information disclosure and investor relations management. The person in charge is Liu Jing, Secretary of the board of directors, Tel.: 0631-3678599. (II) main business of the issuer
The company specializes in the R & D, production and sales of power line components and special cables. It is one of the leading enterprises in the global power line component industry. It specializes in providing power line component products for customers of computers and household appliances, as well as precision electrical wiring, rubber wires, special cables and other products for customers of industrial equipment such as household appliances, ships and welding guns.
The products provided by the company mainly include power cord components and special cables. The power line assembly includes computer and household appliance power line assembly, smart home power line assembly and path power line assembly; Special cables include precision electrical wiring, rubber wires, special cables for industrial equipment such as ships and welding guns. The composition of the company’s main business income by product category in each period of the reporting period is as follows:
Unit: 10000 yuan
Project from January to June 2021 to 2020
Proportion of amount (%)
Power cord assembly 77212.65 74.82 115576.07 76.99
Special cable 25976.17 25.17 34517.48 22.99
Automobile harness —-
Cable semi-finished products —-
Others 10.46 0.01 16.22 0.01
Total 103199.29 100.00 150109.77 100.00
Project 2019 2018
Proportion of amount (%)
Power cord assembly 82276.74 66.14 66507.69 52.14
Special cable 28305.33 22.75 13499.74 10.58
Automobile harness 13694.99 11.01 37030.31 29.03
Cable semi-finished products 43.73 0.04 9754.12 7.65
Others 84.15 0.07 757.50 0.59
Total 124404.93 100.00 127549.36 100.00
(III) core technology and R & D level of the issuer
1. Technical level
The company actively introduces new materials, new processes and new technologies and applies them to products to realize applicability
Continuous technological innovation.
The company is engaged in new radiation crosslinking technology of rubber, longitudinal watertight technology of ship cable and large
In depth development of power cable liquid cooling technology, smart home power supply device products, floating cable products and other fields
And breakthrough to maintain the continuous leadership of technology. The company uses high-energy electron beam irradiation in rubber special cable products
The new process of cross-linking instead of traditional hot vulcanization process has advantages of low energy consumption and environmental protection, and its advanced technology.
Reach the advanced level of China. Based on the in-depth understanding of the demand of the end market, the company selects from appearance design and materials
Carry out independent innovation in materials and other aspects to launch safe, reliable, fashionable and green intelligent products for the terminal market
Household power supply device products.
Since its inception, the company has attached great importance to technology research and development, and has been in possession as of the signing date of this listing recommendation
8 core technologies, as follows:
S / N technical name technical characteristics technical source technical type
1. Research and development technology of polymer materials: aging resistance, flame retardancy, environmental protection, low cost, independent research and development of unique technologies
S / N technical name technical characteristics technical source technical type
2. Automatic production technology of power line components: high efficiency, high flexibility, automation and intelligence, self-developed general technology
3 environmental friendly rubber irradiation crosslinking formula technology aging resistant, flame retardant, environmental protection, low energy consumption, independent research and development of unique technology
4. High speed extrusion technology of precision electrical wiring, high efficiency and intelligence, independent research and development of unique technology
5 metal conductor high-speed multi head wire drawing technology, high efficiency and intelligence, independent research and development of general technology
6. Production technology of integrated power line components: high quality, low cost, high efficiency, self-developed general technology
7. The longitudinal watertight technology of ship cable is resistant to high water pressure, longitudinal watertight, heat deformation, self-developed special technology grinding and high flame retardant
8 multi beam irregular conductor rounding technology roundness, high efficiency, low cost, independent research and development of unique technology
(1) Research and development technology of polymer materials
The formulation design of polymer materials is a multi-disciplinary Department of physics, chemistry, polymer, machinery, electricity, micro experiment and so on
Through material selection and material ratio, the polymer materials can reach the set performance indexes and additives
Due to the technical requirements, it is difficult to develop. The issuer owns the engineering practice of electronic cable outsourcing materials in Shandong Province
Laboratory, Weihai Key Laboratory of polymer materials for cables and other polymer material R & D centers, and China Science and technology
Ningbo Institute of materials, Harbin Institute of technology, Shandong University and other scientific research institutes and universities have established long-term cooperation
With many years of experience in PVC, polyolefin, chlorinated polyethylene rubber, thermoplastic elastomer and polystyrene
Experience in the development and production of polymer materials such as ether, familiar with the process of various new polymer materials, and
A unique polymer material formulation system has been formed, which can ensure the high quality and low price of the developed polymer materials. This technology
The technology is the unique technology mastered by the company. The company has formulated corresponding confidentiality measures, and there is no possibility of being replaced in a short time
Significant risk of elimination.
(2) Automatic production technology of power line components
The production of traditional power line components adopts multi person flow processing, which has relatively low processing efficiency and labor cost
Higher. The automatic production technology of power line components of the company adopts full automation technology through mechanical gripper and infrared
The application of identification, color identification of insulated wire core, image contrast detection, automatic detection of electrical performance and other technologies is practical
At present, the automation of power line assembly production has significantly improved the degree of operation standardization and the stability of product quality,
At the same time, reduce assembly workers and labor costs. The technology is based on the general technology of the industry
According to the past production experience and production process development, the company has formulated corresponding measures for the intelligent technical transformation of the production process
There is no significant risk of being replaced or eliminated in the short term.
(3) Irradiation crosslinking formulation technology of environmental friendly rubber
Traditional rubber crosslinking is carried out by steam pipeline thermal vulcanization, and steam vulcanization requires steam pot
Furnace and vulcanization pipeline are difficult to operate, the waste rate is high, and the steam vulcanization process will produce pungent smell. The guidance on key areas of current priority development of high-tech industrialization (2011) jointly issued by CCCC and the national development and Reform Commission, the Ministry of science and technology, the Ministry of industry and information technology, the Ministry of Commerce and the State Intellectual Property Office lists the priority development of high-tech industrialization. Irradiation crosslinking uses the high-energy electron beam released by the electron accelerator to bombard the target material, and then trigger the crosslinking agent to realize crosslinking. The technical focus is on the formulation design and irradiation dose control of the electron accelerator. Through material selection, material ratio setting, irradiation crosslinking system design and equipment transformation under the beam, the issuer has independently developed the film for rubber line extrusion, Irradiated rubber materials meeting the requirements of national standards were developed. This technology is a unique technology mastered by the company. The company has formulated corresponding confidentiality measures, and there is no major risk of being replaced or eliminated in a short time.
(4) High speed extrusion technology for precision electrical wiring
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