Recently, Xuelong group (603949) landed on the main board of Shanghai Stock Exchange and officially went public. The funds to be raised in this IPO are mainly used in the upgrading and expansion project of CVT electric control silicon oil clutch fan integrated system, the upgrading and expansion project of automobile lightweight blow molding series products, and the construction project of R & D technology center.
According to the introduction, since its establishment in 2002, Chevron group has focused on the R & D, production and sales of series products of engine cooling fans for commercial vehicles. At present, it has become the largest production base of engine cooling fans for commercial vehicles in China, covering more than 5000 varieties of three series of engine cooling fan assembly, clutch fan assembly and lightweight plastic parts for automobiles.
The prospectus shows that from 2016 to 2018 and from January to June 2019, the company's operating revenues were 284 million yuan, 356 million yuan, 319 million yuan and 184 million yuan respectively, and the net profits attributable to the shareholders of the parent company were 51 million yuan, 105 million yuan, 91 million yuan and 50 million yuan.
In the first half of 2019, the operating revenue of Xuelong group increased by 12.56% year on year, and the net profit after deducting non profits increased by 10.49% year on year. In 2019, the company achieved an operating revenue of 365 million yuan, a year-on-year increase of 14.42%, and a net profit attributable to the parent of 99.8836 million yuan, a year-on-year increase of 9.3%.
For the growth of operating performance against the market in 2019, Xuelong group said that the company's product structure was optimized, and the demand for large-scale PA fans, electric control silicone oil clutches, expansion water tanks and other products supporting medium and heavy commercial vehicles increased, which led to the growth of the company's operating revenue. In addition, with the promotion of the "national six" emission standard, the company's main customers launched new models of medium and heavy commercial vehicles that meet the "national six" standard, driving the company's revenue growth.
According to the information in the prospectus, the top five domestic diesel engine manufacturers (54.8% of the national market share) and the top five domestic commercial vehicle manufacturers (57.82% of the national market share) are all corporate customers. During the reporting period, the top five customers have been supporting for more than ten years.
In addition, according to the public information, the engine cooling fan assembly of Chevron group occupies about 35% of the domestic market, ranking the first in China, with more than 200 customers, such as FAW, Dongfeng, Volvo, etc., and is also the leading unit in formulating industry technical standards.
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Typical interpretation: Asian power, trucker, transportation, Sifang, kayou District, Bangbang auto service, Knorr, national meeting story, Zhilun auto service, Linyi Nanyue, Shandong Yuantong, home of common rail, Ruili group, Wenzhou Ganghua, Quanxing precision industry, Zhengda Futong, dunkeman, auto parts cloud, Gaofeng Auto Parts City
124asia new science and technology |Zhonghe Tongda, Kunming, Yunnan, Ruisheng, Quanli, maikaili and Gaofeng| Guiyang Jinshi, Zhejiang wanpin, North Auto Parts City, Linyi auto and motorcycle chamber of Commerce, Chongqing auto and motorcycle chamber of Commerce, Isuzu chamber of Commerce, Kunming parts chamber of Commerce