On January 4, 2022, Guoli (688103) issued an announcement saying: Liu Jinhui, Li Wei, Jin Xuwei, a China-Europe fund, investigated our company on December 29th, 2021.
The main contents of this survey are as follows:Q: please briefly introduce what are the main products of the company and what are the application areas of the products?
A: the company's main products are ceramic high voltage DC contactors, contact point sets, ceramic high voltage vacuum relays, vacuum AC contactors, ceramic vacuum switches, ceramic vacuum capacitors, vacuum active devices. The company has a wide range of products, which are widely used in new energy vehicles, national defense, aerospace, radar communications, semiconductor equipment, coal, electric power, energy storage, security inspection, industrial flaw detection and irradiation and other fields. In recent years, with the progress of technology and industrial upgrading, the company's product applications continue to extend to photovoltaic, energy storage, flexible direct transmission and distribution, rail transit and other industries and fields.
Q: could you tell me something about the production capacity planning of the company's DC contactor?
A: the production capacity of ceramic HVDC contactors in 2020 is 1.428 million, and the capacity utilization rate is 83.01%. The production expansion cycle of the company's products is at least 6 months. Our machinery and equipment are customized, equipment and raw materials do not need to be imported, there is no problem of getting stuck. Our advantage in production is that we have our own electroplating license. With the continuous expansion of downstream market demand and the expansion of application fields, in order to expand the company's future product line and increase market share, the company will continue to enrich and optimize the product structure and improve the production stability and output of existing products. in the future, the company's product production capacity will show a climbing growth. After the production capacity increases, our overall cost will further decline, and the large-scale advantage of our products has not yet been reflected.
Q: what is the company's position in the electric vacuum device market?
A: in terms of vacuum capacitors, the company's main competitors are mainly foreign brands, but the company's products have the characteristics of high voltage resistance, large load current, low loss and long life, and are basically the same as foreign competitors in terms of performance parameters. and the production cost is low. The company's vacuum AC contactors are used in photovoltaic inverters and wind power converters, and ceramic high-voltage DC contactors are used in photovoltaic, wind power generation and energy storage circuit systems to protect circuits, prevent leakage and improve circuit life. The company has entered the photovoltaic wind energy and energy storage market for a relatively short time, and has established a good reputation in the market by supporting special electricians, solar power and other downstream new energy manufacturers' equipment. The original inverter is an air switch, but the repair cost of the air switch is relatively high, and the vacuum AC contactor can be maintenance-free for 20 years, so many customers have chosen to directly use the vacuum AC contactor as the AC / DC conversion switch.
Q: could you briefly introduce the prospects or trends of the company's future development?
Answer: the main applications of electronic vacuum devices are harsh environments such as high frequency, high voltage and high current. With the continuous expansion and improvement of its application demand for high service life of core devices in aerospace, military industry, semiconductors, new energy vehicles, photovoltaic wind energy and other fields, in order to adapt to the multi-grade power environment and ensure the service life of the equipment, higher requirements are put forward for the mechanical life and electrical life of electronic vacuum devices. Therefore, the manufacturers of electronic vacuum products are required to have a strong reliability design capability, constantly reduce manufacturing defects, and improve the reliability of products by strictly controlling the screening and evaluation of components, product inspection and testing. Now our subsidiary National strength Research Institute will also introduce several PhDs, they all come here with topics, and the company is also willing to provide a good development platform for talents. In the future, the company will implement an attractive compensation scheme to let more talents join our company and grow with our company.
National Power Co., Ltd. main business: research and development, production, sales and technical services of electronic vacuum devices.
According to the third quarterly report of Guoli shares 2021, the company's main income was 342 million yuan, up 30.19% from the same period last year; the net profit was 50.8816 million yuan, down 57.35% from the same period last year; deducting 46.9954 million yuan from non-net profit, of which in the third quarter of 2021, the company's main income in a single quarter was 124 million yuan, up 20.96% from the same period last year; and the net profit in a single quarter was 16.7594 million yuan, down 84.77% from the same period last year. In a single quarter, the non-net profit is 15.5819 million yuan, the debt ratio is 23.02%, the investment income is 444300 yuan, the financial expenses are 779700 yuan, and the gross profit margin is 43.45%.
In the last 90 days, a total of one agency gave a rating and increased its holding rating; in the past three months, the net inflow of financing increased by 13.5087 million, and the balance of financing increased; and the net inflow of securities increased by 7.3647 million. According to the Securities Star valuation analysis tool, Guoli (688103) good company has a rating of 2.5 stars, a good price rating of 0.5 stars, and a comprehensive valuation rating of 1.5 stars. (rating range: 1-5 stars, up to 5 stars)