Wired
Bozhong Precision Technology Co., Ltd. is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. As of the close of last week, Bozhong Precision’s market value reached 9.508 billion yuan.
Bozhong Precision is mainly engaged in the research and development, design, production, sales and technical services of automation equipment, automated flexible production lines, automation key components and fixtures (fixtures). At the same time, the company can also provide customers with integrated solutions for smart factories. The business covers consumer electronics, new energy, automobiles, home appliances, daily chemicals and other industries, and has established a good relationship with well-known domestic and foreign companies such as Apple, Huawei, Gree, NIO, Foxconn, Pegatron, Quanta, Wistron, etc. Stable business partnership.
In 2020, Bozhong Precision’s operating income was 2.597 billion yuan, a year-on-year increase of 23.05%, and net profit was 241 million yuan, a year-on-year decrease of 16.64%; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 2.009 billion yuan, a year-on-year increase A decrease of 29.00%. Bozhong Jinggong said that the company’s business operations are stable, and overall the amount of orders and the quality of profitability are good.
In the “Announcement of Bozhong Jinggong’s Initial Public Offering of Stocks on the Science and Technology Innovation Board” released on May 11, Bozhong Jinggong also announced its performance in the first quarter of 2021. In the first quarter of 2021, Bozhong Precision achieved operating income of 559 million yuan, a year-on-year increase of 333.10%. The net profit attributable to shareholders of the parent company was -16,870,300 yuan, and the loss was reduced by 85.87%.
Bozhong Precision pointed out that the overall operating performance in the first quarter of 2021 was better than that in the same period in 2020. The main reasons are: on the one hand, compared with the first quarter of 2020, the elimination of the impact of the epidemic has made the company’s business development smoother; on the other hand, Apple , Foxconn and other customers have more orders to complete the acceptance in the first quarter.
Screenshot source: “Bozhong Precision IPO Announcement on the Science and Technology Innovation Board”
The announcement pointed out that from 2017 to 2019, Bozhong Precision’s revenue accounted for more than 70% of the Apple industry chain; from January to September 2020, the revenue accounted for a slight decline. But overall, the current sales revenue for Apple’s industry chain companies still account for a relatively high proportion of operating revenue.
On the basis of deepening and strengthening the consumer electronics field, the company actively explores more new application fields, such as new energy, home appliances, automobiles, daily chemicals and other fields. During the reporting period, the revenue scale of Bozhong Precision in other fields was 131,745,900 yuan, 366,179,800 yuan, 284,458,200 yuan, and 250.7809 million yuan, accounting for 6.63% and 14.56 yuan of main business revenue respectively. %, 13.68% and 15.97%.
In the future, Bozhong Precision is expected to achieve key breakthroughs in downstream channel expansion and application expansion, and to cushion high growth potential.
Edit: jq