How should racers choose the track?
Assuming that the Shanghai and Shenzhen main boards are compared to Michelin-starred restaurants, the North Stock Exchange should be a new hot business. Although per capita consumption is not high, it can also give investors a new experience of making money.
It is the ultimate dream of every investor to spend a little money and earn a lot of money. Most of the enterprises in Beijing Stock Exchange are start-ups. The basic characteristics of such enterprises are early stage, strong growth and great development potential, but they are also uncertain. How to choose a truly valuable company from the uncertainty?
According to the statistics of Rhinoceros Star, as of June 22nd, the New Third Board * * * North Stock Exchange has accepted 64 IPOs. Details are as follows:
Among the above 64 IPO reserve forces of Beijing Stock Exchange, we selected 12 players from two popular tracks according to the hot new energy and hard technology in this year's A-share market:
First, let's take a look at the financial indicators of these 12 IPO companies.
Let me talk about the new energy sector first. * * * There are five companies:
1, Ship Valley
Engaged in superhard materials with cubic boron nitride (CBN) as the core. The main products are divided into superhard abrasives, superhard tools and other superhard materials. Among them, superhard abrasives include cubic boron nitride abrasive and diamond abrasive; The superhard tools include cubic boron nitride superhard tools and diamond superhard tools; Other superhard products include diamond compacts, cutting and polishing tools and synthetic diamonds. Products are widely used in automobiles, aviation, steel, consumer electronics, intelligent manufacturing and fashion consumer goods.
In terms of performance, from 20 19 to 202 1, the company's operating income was 232 million yuan, 234 million yuan and 32 10/00000 yuan respectively, and the net profit attributable to the mother was 1380 1000 yuan and/kloc-0 respectively.
Industry situation: Diamond has excellent properties such as superhard, wear resistance and corrosion resistance, and is the core consumables for producing high hardness, brittleness and difficult-to-machine materials such as sawing, cutting, grinding and drilling. The company's products are widely used in automobile, aviation, steel, consumer electronics, intelligent manufacturing, fashion consumer goods and other fields. Downstream users include 3M, Saint-Gobain Group, Sumitomo Electric, Mitsubishi, Samsung Electronics, sinosteel, China WISCO, Gree Electric and many other Fortune 500 companies and domestic 100 companies. Superhard material is a new material needed for industrial production and processing, which has extremely remarkable characteristics and is irreplaceable by other materials. The downstream application industries such as metal cutting machine tools, automobile industry, steel industry and new energy industry have experienced long-term substantial growth. The rapid and steady growth of the end-user market will bring greater development opportunities and broad market space for the superhard composite industry.
In terms of market segments, in 20021year, the market size of superhard tools in China was 5.78 billion yuan, of which PCBN tools were dominant, and in 20021year, the market size of PCBN tools was 3.3 billion yuan, accounting for about 57%. The market size of diamond tools is 2.48 billion yuan.
In diamond cultivation, according to Bain &; Co.) and AWDC (Antwerp World Diamond Center) jointly released Global Diamond Industry Report 202 1-2022. After experiencing the downturn caused by the epidemic in 2020, the industry as a whole rebounded in 20021year, and the total retail sales of diamonds and jewellery in the world was about $84 billion, up by 29.23% year-on-year. At the same time, the demand of the whole jewelry retail industry is strong, and the inventory drops obviously, which affects the price of diamonds to rise obviously: in 202 1 year, the average price of rough diamonds rose by 21%(in 2019, it rose by 7%, and in 20201kloc-0/%); The average price of finished diamonds has increased by 9%.
2. Li Jia Technology
The company focuses on the research, development, production and sales of lithium miniature primary batteries, and is committed to providing customers with lithium miniature primary battery products and solutions with long life, high energy density, wide applicable temperature range, environmental protection and safety. The main products are lithium-manganese batteries and lithium fluorocarbon batteries, among which lithium-manganese batteries include lithium-manganese button cell, lithium-manganese cylindrical batteries, lithium-manganese soft-pack batteries and other products.
In terms of performance, from 20 19 to 20021,the company's operating income was 234 million yuan, 27 10 million yuan and 285 million yuan respectively, and the net profit attributable to the mother was 29,494,700 yuan, 30,035,500 yuan and 44,675,800 yuan respectively, representing a compound growth rate of revenue in recent three years.
Industry: At present, primary lithium batteries are mainly used for smoke alarms, bicycles, electric vehicles and other ETC terminals. According to Frost &; Sullivan predicts that the sales revenue of primary lithium batteries will reach $2.54 billion in 2022, with a compound annual growth rate of 5.9%; From 2065438+05 to 2022, the compound growth rate of global lithium-manganese battery revenue is 6.5%.
In terms of downstream customers, Lijia Technology has established long-term and stable trust and cooperation with international first-class or well-known brand customers such as Guanglideng, Jinliang, BOE, Jabil, Shi Ye, Duracell and Toshiba. In this industry, lithium-manganese battery enterprises are mainly monopolized by foreign companies, and the main manufacturers include Japan's Sanyo (FDK), Panasonic, MAXELL, Sony and Germany's VARTA. Major domestic companies include our company, Yiwei Lithium Energy and Peng Hui Energy, and Derui Lithium Battery's column lithium-manganese battery sales rank among the top in the industry. In 2020, Lijia Technology ranks sixth in the sales scale of primary lithium batteries in China, and is one of the largest manufacturers of lithium-manganese button batteries in China.
3.lizards
Saurat is a high-tech enterprise specializing in the research, development, production and sales of new glass products in the field of solar energy application. The main business is research and development, production and sales of photovoltaic glass. At present, the products include coated glass, glazed glass and original glass. The main products are coated glass, glazed glass and other photovoltaic glass products. As the production consumables of downstream enterprises, the company's products are widely used in photovoltaic solar energy industry.
Main products:
Composition of photovoltaic module:
In terms of performance, from 20 19 to 202 1, the company's operating income was 305 million yuan, 522 million yuan and 92 10/00000 yuan respectively, and the net profit attributable to the mother was 38.3085 million yuan,125.0244 million yuan and/kloc-0 respectively.
Industry: According to the statistics of China Photovoltaic Industry Association, the global photovoltaic glass output in 20 19 was 4.42 million tons, while the photovoltaic glass output in China was as high as 3.98 million tons, accounting for more than 90%. 20 19-2020, the export volume of photovoltaic glass in China is 2.007 million tons and 2.058 million tons respectively. In the first half of 20021,the export volume of photovoltaic glass reached1143,000 tons, up1/0.7% year-on-year.
In terms of industry structure, Salat is the first enterprise in the photovoltaic glass industry to develop photovoltaic glass with 2.0mm and 2.5mm thickness for double glass components, and realize batch production of photovoltaic glass for double glass components. At present, the main participants in the photovoltaic glass industry are Xinyi Solar, Follette and Rainbow New Energy, among which Xinyi Solar and Follette are the first and second largest photovoltaic glass manufacturers in China respectively. According to the production capacity of China photovoltaic glass kiln at the end of 2020 of 289 10/0t/d, the production capacity of Salat photovoltaic glass at the end of 2020 is 4 10/0t/d, accounting for 1.42% of the production capacity of China photovoltaic glass.
At present, the company's photovoltaic glass is mainly supplied to leading photovoltaic modules such as Longji, Artes and Trina Solar.
4. Silane technology
The company's main business is R&D, producing and selling electronic grade silane gas and hydrogen. The downstream market of the company's products covers a wide range, involving semiconductor, display panel, photovoltaic, nylon chemical and other industries. At present, the company's main products are hydrogen (industrial/high purity hydrogen) and electronic grade silane gas.
In terms of performance, from 20 19 to 202 1, the company's operating income was 369 million yuan, 5 10/00000 yuan and 72 10/00000 yuan respectively, and the net profit attributable to the mother was 157 17800 yuan respectively.
Industry situation: Silane gas is used as the gas source with silicon component, and a large amount of silane is needed as raw material to produce photovoltaic solar energy and manufacture ic, LED and TFT-LCD. Because of its high purity and fine control, silane has become an important gas in the deposition process of semiconductor industry.
At present, China has achieved a breakthrough in silane technology and is in the stage of cost reduction, but compared with international listed group companies such as Norwegian REC and American MEMC, its competitiveness is insufficient. However, because silane belongs to the gas source and is the most used gas, downstream wafer manufacturers are more cautious when choosing silane suppliers than cleaning etching gas, and considering the product quality and stable large-scale supply capacity of suppliers, the localization rate of high-generation linear silane is still low enough, mainly foreign capital.
In terms of industry scale, in 20021year, China's special gas market reached 34.2 billion yuan, 6 billion yuan more than in 2020, up 2 1.28% year-on-year, and will continue to grow in the future. It is estimated that the market scale of special gas in China will reach 80.8 billion yuan in 2026. However, the market share of domestic enterprises is low, and the gas supply for the whole process of integrated circuits has not yet been realized.
Silane Technology is a leading enterprise of high-purity silane in China, with an existing production capacity of 3,600 tons/year, and its products can reach 8N grade (national standard 4N). The production capacity of high-purity silane gas under construction is 654.38+500,000 tons/year. After completion and production, the company will become the absolute leader of silane in China. In addition, Inner Mongolia Xingyang, Zhongning Silicon Industry and Tian Hongruike have the production capacity of electronic grade silane of 3,000 tons/year, 2,000 tons/year and 500 tons/year respectively.
In terms of hydrogen, the theoretical energy density of hydrogen can reach 33.6kWh/kg, which is about 2.4~2.7 times that of gasoline and natural gas. It is pollution-free and is an ideal energy source in the future. China produces more than 40 million tons of hydrogen annually, and has initially mastered the main technologies and processes of the hydrogen energy industry chain. According to the statistics of China Hydrogen Energy Industry Alliance and Petrochemical Planning Institute, according to energy management, the converted calorific value accounts for about 3% of the total terminal energy. In the future, with the upgrading and cost reduction of technologies such as hydrogen energy preparation, storage and transportation, hydrogenation, fuel cell and system integration, it is predicted that by 2050, the proportion of hydrogen energy in the terminal energy system will exceed 10%.
5. Longji Electromagnetic
The company is a leading supplier of industrial magnetic application equipment in China. Since its establishment, the company has always focused on "industrial magnetic application" technology, specializing in the design, production, sales and service of industrial magnetic application equipment such as magnetic separators, iron removal equipment, photovoltaic equipment and iron-free sorting equipment.
In terms of performance, from 20 19 to 202 1, the company's operating income was 389 million yuan, 408 million yuan and 593 million yuan respectively, and the net profit attributable to the mother was 74080 10000 yuan and 741281respectively.
Industry: The company is an affiliated company of Ssangyong Longji Green Energy, a global photovoltaic silicon wafer and component. In addition to supplying Longji green energy, the company's electromagnetic and permanent magnet equipment is also widely used in mining, coal, electric power, metallurgy, environmental protection, new energy, semiconductors and other fields. China Heavy Machinery Industry Yearbook 20 19 issued by China Heavy Machinery Industry Association shows that Longji Electromagnetic has the largest sales scale in magnetic separation equipment among the domestic 18 washing equipment enterprises in 20 18. At present, the company's main competitors include: American Yili, Ganzhou Jin Huan magnetic separation equipment Co., Ltd., Walter Magnetoelectric (83 1387), Maanshan Tiangong Technology Co., Ltd., Zhenjiang Electromagnetic Equipment Factory Co., Ltd. and Hunan Kemeida Electric Co., Ltd.
There are seven hard technology companies:
1, range accuracy
The company is mainly engaged in the research and development, production and sales of precision nickel-based conductor materials for batteries. The company's main products are nickel tape, foil and precision structural parts. The company's products can quickly respond to the needs of downstream customers in terms of roll weight, width, thickness and performance, and can be directly applied to consumer batteries, power batteries, energy storage batteries and other fields.
Main products:
In terms of performance, from 20 19 to 202 1, the company's operating income was 443 million yuan, 570 million yuan and 900 million yuan respectively, and the net profit attributable to the mother was 49.598 million yuan, 56.5502 million yuan and 84.3347 million yuan respectively. The compound growth rate of revenue in the last three years is 356.5438+09.
Industry situation: In recent years, with the rapid development of new energy automobile industry, the update iteration of electronic information industry and the strong support of the state for energy storage industry, the lithium battery and related materials industry has experienced explosive growth, and the market for battery precision structural parts has also experienced rapid development. Nickel strips, foils and precision structural parts produced by Yuan Hang are widely used in consumer electronics, new energy vehicles, power tools, electric two-wheeled vehicles, energy storage, aerospace, metal commemorative coins and other industries.
The company has been deeply involved in the nickel strip and foil industry for many years, and its industry position is outstanding. The connection between upstream and downstream makes the company become one of the enterprises with relatively complete industrial chain coverage in the domestic precision nickel-based conductor material industry. Downstream customers include world-renowned companies such as LG Panasonic BYD, which can effectively ensure the supply of raw materials for the company's main products and achieve sustained growth in sales scale.
2. New intelligent creatures
The core of the company focuses on the research and development, production, sales and service of biological sample processing, molecular biology and drug research, laboratory automation and general equipment. Specific products include biological sample processing instruments, molecular biology and drug research products, laboratory automation and general equipment.
In terms of performance, from 20 19 to 202 1, the company's operating income was 1.2 1 billion yuan,143 million yuan and168 million yuan respectively, and the net profit attributable to the mother was 34040 yuan.
Industry: According to the transparent market research, the annual compound growth rate of the global mass spectrometer market will reach 7.7% from 2065438 to 2026, and the market scale in 2020 will be US$ 7.2 billion, corresponding to about RMB 46 billion. Domestically, according to the forecast of Zhiyan Consulting, the average annual compound growth rate of the domestic mass spectrometer market from 2012 to 2020 is 16. 1%, and the domestic mass spectrometer market will account for about 30% of the world in 2020.
3. Lin Nan Electronics Company
The company is a design enterprise focusing on high-quality analog and digital-analog mixed integrated circuits and power devices. Its main business is the research and development and sales of integrated circuits and power devices. Its main products include power management chips, special chips for vehicles, power devices and IPM modules. There are more than ten product series and more than 200 varieties.
Examples of terminal equipment of the company's products in the main application fields are as follows:
In terms of performance, from 20 19 to 202 1, the company's operating income was1600,000 yuan, 234 million yuan and 389 million yuan respectively, and the net profit attributable to the mother was 3,896,800 yuan, 18682 million yuan and10682 yuan respectively.
Industry: Analog IC is mainly divided into power management and signal chain, which is widely used in communication, consumer electronics, industrial control, medical instruments and automotive electronics. Among them, in 2020, the global power management analog chip market will exceed the expected 33 billion US dollars, and it is expected to grow to 56.5 billion US dollars in 2026, corresponding to 202 1 CAGR 9.4% by 2026. The market scale of power management IC in China has been growing steadily. In 2020, the market scale will be about 73.58 billion yuan, accounting for more than 40% of the global power management IC market. However, in terms of output, the vast majority of power management IC's are still occupied by overseas manufacturers, among which European and American manufacturers account for more than 80%, Japanese, Korean and Taiwan-funded enterprises also occupy a certain share, and the global share of local power management IC's in China is less than 10%.
According to WSTS statistics, in 20021year, the global analog integrated circuit market scale was 74 1. 1 billion dollars, accounting for about 6.0% of the global integrated circuit market scale, and the CAGR was 2017-202/kloc-0. According to the statistics of China Business Intelligence Network, the sales scale of analog IC market in China is about 27310.40 billion yuan, accounting for 57. 1% of the global analog IC market.
4. Jinbo Bio
The company is a biomedical enterprise that applies cutting-edge technologies such as structural biology and protein rational design, and systematically engages in basic research such as structural analysis and functional discovery of functional protein around new life and health materials and antiviral domains. The company's main products include recombinant collagen products, anti-human papillomavirus biological protein products and so on. Based on the core components such as recombinant type ⅲ collagen and dehydrated bovine β -lactoglobulin independently developed by the company, it includes various end products such as medical devices and functional skin care products.
In terms of performance, from 20 19 to 202 1 year, the company's operating income was1560,000 yuan,10,000 yuan and 233 million yuan respectively, and the net profit attributable to the mother was 45.2683 million yuan and 3194.84 million yuan respectively.
Industry: Collagen is abundant in mammals, and its unique triple helix conformation is the basis of its physical and chemical characteristics and biological activity, which plays a role in maintaining the elasticity of skin and muscle, enhancing the combination of calcium and bone cells, connecting bones and muscles, and keeping the cornea transparent. According to the data of Daguan Research, in 2065438, the global collagen market was+05.36 billion US dollars, while the China collagen market was 980 million US dollars, accounting for 6.38% of the global market. It is estimated that by 2027, the market scale of collagen in China will reach 65.438+58 billion USD, and the ECAGR will be 66.5438+05% from 2065.438+09 to 2027. The application fields of collagen are medical health, food and beverage, skin care products and others, and the proportion of each field in the global market is 49.8%/6.5%/ 12.9%/30.7%, mainly in the medical health field.
In terms of medical accessories, according to punctuation data, in 20 19, the sales of medical skin dressings with medical patches exceeded 5 billion yuan, and 340 million tablets were consumed. The compound annual sales growth rate of 17- 19 is over 40%, showing an accelerated growth trend, mainly benefiting from the rising demand for medical beauty, and the corresponding demand for medical masks is strong.
5. Leite Technology
The company is a national high-tech enterprise focusing on intelligent lighting control technology research and development and product innovation, and a "specialized and innovative" small and medium-sized enterprise in Guangdong Province. The issuer's main business is the research, development, production and sales of intelligent power supply and LED controller, and it is committed to becoming a comprehensive solution provider of intelligent lighting control in diversified application fields. The company continued to innovate for high-end lighting scenes, and independently developed two product lines of "smart power supply" and "LED controller".
In terms of performance, during the period from 20 19 to 20021,the operating income of the company was 98 million yuan, 95 million yuan and152 million yuan respectively, and the net profit attributable to the mother was 26.6 million yuan/kloc-0.03 million yuan and 20.294 yuan/kloc-0 respectively.
Industry situation: According to OFWEEK's forecast, the market demand for LED general lighting in China is expected to reach 22 billion US dollars in 2020, and intelligent lighting will account for 30% of the total demand in the next 10 year. As the central nervous system of intelligent lighting, LED controller will play an important role in the intelligent network platform, and realize the display of more applications and functions of the Internet of Things. In the environment where lighting technology is highly integrated with Internet, Internet of Things and cloud technology, intelligent lighting will be widely popularized, which is the general trend of LED market in the future.
6. Entertainment Guardian
Lekangjiade is a biomedical enterprise with structure-based antigen design as its core technology, mainly engaged in the research and development and industrialization of recombinant protein vaccines. Since its establishment, the company has been focusing on the research and development of recombinant protein vaccines. Based on the company's core technology platform and years of research accumulation, the company has built a wealth of R&D channels.
As of the signing date of the prospectus, the company is researching and recombining 65,438+00 vaccines for human use, among which trivalent HPV vaccine, nine-valent HPV vaccine (for female indications) and nine-valent HPV vaccine (for male indications) have entered the clinical research stage, pentavalent HPV vaccine has been approved by the State Pharmaceutical Products Supervision and Administration for clinical trials, bivalent COVID-19 vaccine, multivalent Norovirus vaccine, respiratory syncytial virus vaccine, herpes zoster vaccine and multivalent hand-foot-mouth disease vaccine.
In terms of performance, from 20 19 to 202 19, the company's operating income was130,000 yuan, 009,000 yuan and 002,700 yuan respectively, and the net profit attributable to the parent company was -4 195050 yuan and1. 54636.666666666676
Industry situation: According to the distribution and sales of historical batches, the number of people vaccinated with HPV vaccine in China was about 9.23 million in 20021year, and by the end of 20021year, the cumulative number of people vaccinated in China was about 20.29 million, accounting for about 5.8% of the number of women aged 9-45 in China. According to the data of the Central Inspection Institute, the 4/9-valent HPV vaccine of Merck is still the main vaccine on the market at present, and the number of batches issued from 20/kloc-0 to 8-2020 is 501/886/12.28 million respectively. From 2065,438+08 to 2020, GSK distributed 221200/690,000 bivalent HPV vaccines in batches, and its market share decreased year by year. Wan Tai Bio's bivalent HPV vaccine was approved at the end of 20 19, and officially put into the market in May 2020, and quickly seized the market share. In 2020, the number of issuance batches was 2.45 million, accounting for about 16% of the market, and in 20021year, the number of issuance batches exceeded100000.
In terms of domestic HPV vaccine research and development echelon, there are abundant HPV vaccine research and development projects. Among the nine-valent human papillomavirus vaccines, Wan Tai has made rapid clinical progress. In September 2020, China officially launched the third phase of clinical trials. At present, the main clinical trials have been recruited and vaccinated, and the head-to-head clinical trial with Merck's nine-valent HPV vaccine has been completed, and the young-age bypass clinical trial has also started and completed the recruitment. Nine-valent human papillomavirus vaccines from Shanghai Weber, Ricco Bio and Lekangjiade have all entered the third clinical phase.
7. Zhong Bing Communications
The company's main business is the production and sales of military, military-civilian communication and electronic equipment. The main products are ultrashort wave communication equipment, satellite communication equipment and missile-borne data link.
Ultrashort wave communication mainly depends on ground wave propagation and space wave line-of-sight propagation. When the communication distance is very close, ground wave propagation is used. When the communication distance is far away, the aerial antenna or equipment is located in a higher place and propagates by using space waves. Compared with short wave communication, ultrashort wave communication has the advantages of wide frequency band and large communication capacity. Satellite communication is the communication between two or more satellite communication stations on the earth (including the ground and the lower atmosphere) by using the transponder on the satellite as a relay station to forward radio waves. The characteristics of satellite communication are: wide communication coverage, as long as it is within the coverage of satellite beams (satellite uplink and downlink radio signals), any two points can communicate.
In terms of performance, from 20 19 to 202 1, the company's operating income was 45 10/0 million yuan, 592 million yuan and 627 million yuan respectively, and the net profit attributable to the mother was 95.6293 million yuan, 201670,900 yuan and/kloc-respectively.
Industry: During the Thirteenth Five-Year Plan and the Fourteenth Five-Year Plan, China put forward the strategic goals of mechanization, informationization and modernization of national defense and army building respectively. The military industry of national defense and army building in China has entered a period of rapid development. In order to meet the requirements of information construction, China's communication equipment is currently in the stage of large-scale upgrading, and there is great room for growth in technology, quality and quantity. Because military industry is an important industry related to national security, military products require high technology, high quality and high reliability, and the industry threshold is mainly reflected in the qualification threshold and technical threshold.
At present, domestic listed companies that mainly manufacture military communication equipment mainly include Haige Communication, 7 12 and Fiberhome Electronics. The comparison with these companies is as follows: