HUAYA Intelligence is worth holding for a long time

I. Is Huaya Intelligence worth long-term holding

Huaya Intelligence is a professional precision metal manufacturing company, which focuses on providing leading domestic and foreign high-end equipment manufacturers with customized precision metal structural products of "small batch, multi-species, complex process and high precision", including manufacturing process R&D and improvement, customized design and development, intelligent production and testing, and special equipment maintenance and assembly. The company focuses on providing leading high-end equipment manufacturers at home and abroad with customized precision metal structure products with "small batch, multi-species, complex processes and high precision", including manufacturing process R&D and improvement, customized design and development, intelligent production and testing, and special equipment maintenance and assembly. At present, the company's business covers structural parts for semiconductor equipment and structural parts for new energy and electric power equipment, general equipment, rail transportation, medical equipment and other user fields. In the semiconductor equipment structural components business, the company's customers for the ultra-corin, ICHOR, Jiepu, Tianhong, YiGong electronics and other equipment component manufacturers.

Two, according to its initial public offering prospectus (hereinafter adheres to the "prospectus") disclosure

2018-2020, Huaya Intelligence main business income of 30,634.03 million yuan, 31,055.11 million yuan and 36,832.33 million yuan, respectively. Net profit of 6,315.07 million yuan, 5,492.77 million yuan and 7,178.84 million yuan, better profitability is naturally an important factor in its adoption, however, analyzing its public information found that its controllers hold as much as 83%, and the customer concentration is high, the supplier is suspected to be the real controllers "white gloves". The company's investment in such a company, please investors must be cautious and careful. As of the date of signing the prospectus, the company's actual control is Wang Cai Nan, Lu Qiaoying and Wang Jingyu, a total of 83.10% of the shares of the company before the issuance of control. Even after the Offering, Wang Cainan, Lu Qiaoying and Wang Jingyu will remain in absolute control. Although the high concentration of equity will lead to a significant increase in the controlling shareholders' control over the company, it will help to promote the convergence of the interests of the company's senior management and shareholders, especially the controlling shareholders, and the agency cost will therefore be controlled to a certain extent.