Sea pot shares (301063) issued an announcement on January 6, 2022: northeast Securities Tang Kai Han Jin Cheng Gu Yihong, Southwest Securities Guilong Wang Ning, China Bank Financial Zhang Chi, Debang Securities Liu Rui, Huafu Fund Deng Xiang investigated our company on January 6, 2022.
The main contents of this survey are as follows:Q: what is the total production capacity of forgings in 2021?
A: the total output of forgings in 2021 exceeds 100000 tons.
Q: what is the proportion of production capacity of wind power forgings, oil and gas forgings in the company in 2021?
A: it is estimated that in 2021, the production capacity of wind power forgings will account for about 60%, and oil and gas will account for about 30%. The specific data shall be based on the 2021 annual report disclosed by the company.
Q: what are the main products of the company's wind power forgings in 2021?
Answer: the company's wind power forgings in 2021 are mainly gearbox forgings and yaw propeller forgings.
Q: why is the gross profit margin of gearbox forgings lower than that of yaw variable pitch forgings?
Answer: the company's products are sold with a cost-plus pricing model, and the product price is determined according to the cost of raw materials, processing costs and a certain level of profit. Because of its special process and technical requirements, the raw material cost of gearbox forgings is higher than that of yaw variable pitch forgings, so the calculated gross profit margin of gearbox forgings is lower than that of yaw variable pitch forgings.
Q: is there a transportation radius for the company's wind power and oil and gas products?
Answer: all the products of the company do not have the problem of transportation radius.
Q: what is the main difference between hydraulic press and hydraulic press?
Answer: the advantages of the hydraulic press are large strength, slow and uniform force, and no vibration, so the internal structure of the forged steel is compact, ductile, not easy to break, and the performance of the products produced is more stable, which can meet the special technological requirements of some products.
Q: are there any industry barriers in the company?
A: the customized characteristics of forgings determine that there are high industry barriers in the forging industry, especially in the field of large and high-end forgings, such as qualification certification and customer barriers, equipment and capital barriers, technology and experience barriers, etc.
Q: which area is the precision machining project for key components of high-end equipment, one of the company's fund-raising projects?
A: the main purpose of this project is to enrich the company's product range and optimize the company's product structure, centering on the needs of special parts for land and deep-sea oil and gas equipment and wind power engineering equipment. Processing and production of high-quality steel forgings and key components used in high-end equipment such as deep-sea engineering equipment and wind power engineering equipment.
Main business: mainly engaged in R & D, production and sales of special forgings for large and medium-sized equipment, which are widely used in oil and gas exploitation, wind power generation, machinery and equipment, as well as ships, nuclear power and other fields. to provide global equipment manufacturers with customized forgings products and parts with good comprehensive performance and stable quality.
The third quarterly report of Sea Pot shares 2021 showed that the company's main income was 752 million yuan, down 0.56% from the same period last year; the net profit was 65.7186 million yuan, down 16.97% from the same period last year; and the non-net profit was 56.5063 million yuan, down 22.93% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 231 million yuan, down 31.98% from the same period last year; the net profit in a single quarter was 13.016 million yuan, down 62.35% from the same period last year The non-net profit in a single quarter was 12.5236 million yuan, down 61.27% from the same period last year; the debt ratio was 41.03%, the investment income was 194200 yuan, the financial expenses were 7.9272 million yuan, and the gross profit margin was 16.47%.
The stock has no agency rating in the last 90 days. In the past three months, the net inflow of financing was 22.0921 million, and the financing balance increased, while the net inflow of securities was 0, and the balance of securities lending increased. Securities Star valuation analysis tool shows that Sea Pot shares (301063) good companies have a rating of 3 stars, a good price rating of 1 star, and a comprehensive valuation rating of 2 stars. (rating range: 1-5 stars, up to 5 stars)