Today (May 17th), Fuda Alloy (603045) Materials Co., Ltd. (stock code: 603045.SH; hereinafter referred to as "Fuda Alloy") was officially listed on the Shanghai Stock Exchange.
Image source: Network public information
According to public information, Fuda Alloy is a leading enterprise in the electrical materials industry with the largest scale, the most complete and most advanced tooling equipments in China, integrating scientific research, production and sales. The company specializes in the production of electrical contacts, mainly used in high, medium and low voltage electrical appliances, electronics, home appliances, military and other fields. The products are supported by Schneider, ABB, Siemens, Mitsubishi, Tyco and other Fortune 500 companies, as well as Eaton, Legrand and Chint. Well-known domestic and foreign electrical enterprises, such as Hongfa, are exported to more than 20 countries and regions such as Europe, America and Asia.
According to the prospectus, in recent years, Fuda Alloy has gradually realized the strategic transformation from the domestic market to the international market. It has passed the qualification certification of international electrical giants such as ABB, Schneider, Omron, Benedict, and Austria Tyco. Into the international high-end market, it has already entered into a substantive cooperation phase with the above-mentioned enterprises. In the next few years, under the premise of ensuring sales growth of domestic customers such as Zhengtai Electric (601877), Delixi and Hongfa (600885), the company will increase cooperation with international high-end customers to achieve the domestic market. The expansion of the international market.
Disclosure of prospectus: The company's operating income in 2014, 2015, 2016 and January-September 2017 were 969 million yuan, 849 million yuan, 1.037 billion yuan and 928 million yuan respectively. The net profit attributable to the parent company were: 4597.82 million yuan, 41.459 million yuan, 46.268 million yuan, 39.879 million yuan, the specific data are as follows:
Source: Fuda Alloy Prospectus
The prospectus shows that electrical contact materials, as the main branch of the electrical alloy (300697) material, are a functional composite of the functional carrier that carries the "on-conduction-cut" current and signal generation and transmission in the switching electronics. Whether it is 1000kV high-voltage power transmission and transformation equipment, 6300A low-voltage power distribution equipment, or a keyboard that transmits several milliamperes or even "dry current", signal relays on electronic circuit boards, contactors that control motor operation, building distribution boxes Small switches, appliances, communication equipment, office equipment, control switches for automobiles and power tools must use electrical contact materials.
Usually the function of most components in an electrical switch is to serve to maintain or drive it in a certain state of motion. Different switchgears impose different requirements on electrical contact materials. To this end, various types of electrical contact materials have been developed to suit the use under various operating conditions. Compared with a single electrical product or even a complete set of electrical control devices, the electrical value and weight of the electrical contact materials are not significant, but the performance of the electrical contact materials greatly affects the quality and performance of electronic and electrical products. Service life and technical level. Therefore, the research, development and production of electrical contact materials play an important role in promoting the development of related industries.
According to the statistics of China Electrical Equipment Industry Association and General Low Voltage Electrical Appliances Branch, from 2006 to 2015, China's low-voltage electrical appliance industry maintained rapid growth, and the average annual growth rate of sales of low-voltage electrical products was 7.65%. The details are as follows:
Source: Fuda Alloy Prospectus
According to the prospectus, the investment in the fundraising of Fuda Alloy will be carried out around the main business, mainly in the fields of production and research and development of electric contact materials and repayment of bank loans. After the funds are raised, the company will invest in the following projects:
Source: Fuda Alloy Prospectus
Fuda Alloy said that after the funds raised in this position, the company's capital bottleneck problem will be solved, the production scale will be further expanded, and the company's current capacity shortage will be alleviated. The company's technical level will be further enhanced and the product structure will be optimized. With the transformation and expansion of the company from the domestic market to the international market, the company will increase the development of the international market under the consolidation and expansion of sales of domestic and high-end customers such as Zhengtai Electric, Delixi and Hongfa.
(Transferred from the same flower financial network)
