Investment Rating - The report assigns a favorable investment rating to the company, indicating a potential for growth in the optical glass and specialty glass sectors [4]. Core Insights - The company is recognized as a leading player in the optical glass and specialty glass industry, with a significant market share in optical glass and a rapidly growing specialty glass segment driven by nanocrystalline glass [3][4]. - The company has seen a substantial increase in revenue, with total revenue rising from approximately 38.5 million yuan in 2021 to about 80.8 million yuan in 2023, highlighting the growth trajectory of both optical and specialty glass products [9][30]. - The report emphasizes the importance of research and development (R&D) and capacity expansion as key drivers for future growth in a market projected to exceed 100 billion yuan [26][29]. Summary by Sections 1. Company Overview - The company is classified as a national-level specialized and innovative "little giant" in the optical glass and specialty glass sectors, focusing on R&D, manufacturing, and sales [9]. - It has established a comprehensive business system covering product R&D, production, and sales, with a strong emphasis on technological innovation [9]. 2. Optical Glass - The company ranks among the top three in market share for optical glass in China, with vehicle lighting identified as a key growth area [3][14]. - In 2023, optical glass revenue accounted for approximately 35% of total revenue, with materials contributing about 21%, components 12%, and elements 3% [3]. - The company has developed over 100 types of optical glass, covering mainstream varieties such as crown glass and phosphate glass, and is expanding its product offerings [14][15]. 3. Specialty Glass - Specialty glass has emerged as a new growth point, with nanocrystalline glass rapidly gaining traction, contributing to 64% of the company's revenue in 2023 [3][22]. - The company’s sales of nanocrystalline glass reached 494 million yuan in 2023, primarily driven by demand from major clients [23]. - The report highlights the applications of specialty glass in various fields, including mobile devices and medical equipment, indicating a broad market potential [22][24]. 4. Long-term Growth Strategy - The company plans to expand production capacity by adding six new production lines for specialty optical glass, which is expected to increase annual capacity by 1,632 tons [29]. - The focus on R&D and the establishment of a dedicated research center are aimed at enhancing product innovation and meeting market demands [29][31]. - The report outlines a robust market outlook for optical and specialty glass, driven by applications in security monitoring, consumer electronics, and automotive sectors, with a market space exceeding 100 billion yuan [26][27].

公告编号：2024-031 湖北戈碧迦光电科技股份有限公司 向不特定合格投资者公开发行股票并在北京证券交易所上市 发行结果公告 保荐机构（主承销商）：中信建投证券股份有限公司 特别提示 湖北戈碧迦光电科技股份有限公司（以下简称"戈碧迦"、"发行人"或"公 司"）向不特定合格投资者公开发行股票并在北京证券交易所上市（以下简称"本 次发行"）申请已于 2024 年 1 月 18 日经北京证券交易所（以下简称"北交所"） 上市委员会审议通过，并获中国证券监督管理委员会（以下简称"中国证监会"） 批复同意注册（证监许可〔2024〕223 号）。本次发行的保荐机构（主承销商） 为中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构（主承 销商）"或"主承销商"）。发行人的股票简称为"戈碧迦"，股票代码为"835438"。 本次发行采用战略投资者定向配售（以下简称"战略配售"）和网上向开通 北交所交易权限的合格投资者定价发行（以下简称"网上发行"）相结合的方式 进行。发行人和保荐机构（主承销商）根据发行人基本面、市场情况、同行业可 比公司估值水平、募集资金需求及承销风险等因素，协商确定发行价格为 10.00 元 ...

Investment Rating - The report recommends an active participation in the company's IPO, highlighting its competitive advantages and growth potential [20]. Core Viewpoints - The company is recognized as a "small giant" in the optical and specialty glass industry, with a strong focus on R&D and a diverse product range [6][7]. - The company has achieved rapid revenue growth, with a 2023 revenue of 808 million yuan and a three-year CAGR of +44.91% [7][10]. - The company is positioned to benefit from the increasing penetration of nano-microcrystalline glass in the smartphone cover market [20]. Summary by Sections Company Overview - Established in 2009, the company specializes in the R&D, manufacturing, and sales of optical glass and specialty functional glass, becoming one of the few manufacturers capable of large-scale production in China [6][7]. - The product range has expanded from 2 to over 100 types of optical glass, covering mainstream varieties [6][7]. Financial Performance - In 2023, the company reported a revenue of 808 million yuan and a net profit of 104.21 million yuan, with a gross margin of 29.82% and a net margin of 12.89% [7][10]. - The company has experienced a stable increase in gross margin due to declining raw material prices [7]. Industry Situation - The optical glass industry has high entry barriers and is characterized by significant market concentration, with major players holding substantial market shares [13]. - The demand for specialty glass is expanding across various sectors, including energy, healthcare, and aerospace, indicating a strong growth trajectory for the industry [13]. Competitive Advantages - The company has a strong focus on technological R&D, holding 64 valid patents, including 27 invention patents [14]. - It has established a comprehensive quality management system and has received multiple certifications, ensuring high product quality [15]. - The company has a responsive service system, allowing it to adapt quickly to market demands [15]. IPO Details - The IPO will involve a direct pricing method with an initial issuance of 20 million shares at a price of 10 yuan per share, representing 14.47% of the post-issue total share capital [10][11]. - The expected market capitalization post-issue is 1.383 billion yuan, with a PE ratio of 13.27, significantly lower than comparable companies [10][21].

Investment Rating - The report assigns an investment rating of "Buy" for the company, indicating a projected return exceeding 15% over the next six months compared to the CSI 300 index [28]. Core Insights - The company, Gobi Jia (835438.BJ), specializes in the research, development, manufacturing, and sales of optical glass and special functional glass, positioning itself as one of the few manufacturers capable of large-scale production in China [10][21]. - The company has shown significant revenue growth, with a compound annual growth rate (CAGR) of 53.56% from 2021 to 2023, achieving revenues of 385 million yuan, 429 million yuan, and 808 million yuan respectively [11][4]. - The net profit also demonstrated strong growth, with a CAGR of 44.15%, reaching 104.2 million yuan in 2023, a year-on-year increase of 127.37% [11][4]. Financial Performance - The company reported revenues of 808.3 million yuan in 2023, an increase of 88.26% year-on-year, and a net profit of 104.2 million yuan, up 127.37% year-on-year [11][4]. - The revenue breakdown for 2023 shows that optical glass contributed 286 million yuan (35.46%), while special functional glass accounted for 517 million yuan (64.20%) [11]. Industry Overview - The optical glass industry in China reached a market size of 31 billion yuan in 2022, with high concentration among major players including Gobi Jia, Chengdu Guangming, and Xinhua Guang [16]. - Special functional glass is critical in various sectors such as energy, healthcare, aerospace, and high-end manufacturing, with products like nano-microcrystalline glass and radiation-proof glass being developed by the company [17][20]. Competitive Positioning - Gobi Jia is recognized as one of the top three optical glass manufacturers in China, having established partnerships with notable companies like BYD and SAIC Group for vehicle lighting products [21]. - The company has successfully transitioned into the special functional glass market, with sales of nano-microcrystalline glass increasing from 2.86 million yuan in 2021 to 494 million yuan in 2023 [22]. Investment Projects - The company plans to invest in two main projects through its IPO: expanding production capacity for special high-definition optical glass materials and establishing a research center for optical materials [23][24].

Investment Rating - The report recommends an "active participation" in the new stock subscription of the company, indicating a positive outlook on its investment potential [7][25]. Core Insights - The company is recognized as a "national specialized and innovative small giant" in the optical and specialty glass manufacturing sector, focusing on the formulation, melting, and testing of optical glass and specialty glass products [2][11]. - The specialty glass market is identified as a future trend, with a stable industry structure, and the company is positioned well within this market [3][15]. - The company has a strong production capacity with a well-established formulation process, which supports its ability to scale production effectively [5][17]. Summary by Sections 1. Company Overview - The company specializes in optical and specialty glass manufacturing, serving diverse downstream applications including consumer electronics and automotive lenses [2][11]. - It has developed key technologies in the production of nanocrystalline glass, primarily used in high-end mobile phone covers, with significant revenue growth from a major client [4][12]. 2. Market Position and Trends - The optical materials market in China reached a scale of 3.1 billion yuan in 2022, characterized by high investment returns and significant technological barriers [3][16]. - The company is one of the few domestic manufacturers with core competencies in nanocrystalline glass, which is crucial for high-end mobile devices [4][11]. 3. Financial Performance - The company achieved revenues of 8.1 billion yuan in 2023, with a compound annual growth rate (CAGR) of 44.9% over the past three years [7][12]. - The gross margin improved to 29.8% in 2023, reflecting a 4.8 percentage point increase from the previous year [12][25]. 4. IPO Details - The initial public offering (IPO) price is set at 10 yuan per share, with an expected market capitalization of 1.38 billion yuan post-issue [6][19]. - The report highlights a favorable subscription environment due to the low initial price and attractive price-to-earnings ratio compared to peers [19][25]. 5. Strategic Partnerships - The company has engaged with multiple strategic investors, primarily private equity firms, indicating strong market interest and confidence in its growth potential [21][22].

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 北京市竞天公诚律师事务所 关于湖北戈碧迦光电科技股份有限公司 向不特定合格投资者公开发行股票并在北京证券交易所上市 的法律意见书 北京市竞天公诚律师事务所 二〇二二年十月 5-1-1 | 释 义 3 | | --- | | 正 文 9 | | 一、本次发行上市的批准和授权 9 | | 二、本次发行上市的主体资格 9 | | 三、本次发行上市的实质条件 9 | | 四、发行人的设立 15 | | 五、发行人的独立性 15 | | 六、发起人和股东 15 | | 17 七、发行人的股本及演变 | | 八、发行人的业务 17 | | 九、关联交易及同业竞争 17 | | 十、发行人的主要财产 18 | | 十一、发行人的重大债权债务 19 | | 十二、发行人重大资产变化及收购兼并 20 | | 十三、发行人《章程》的制定和修改 20 | | 十四、发行人股东大会、董事会、监事会议事规则及规范运作 20 | | 十五、发行人董事、监事和高级 ...

证券简称： 戈碧迦 证券代码： 835438 湖北戈碧迦光电科技股份有限公司 本招股说明书注册稿不具有据以发行股票的法律效力，投资者应当以正式公告的 招股说明书全文作为投资决定的依据。 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证 券交易所主要服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风 险高等特点，投资者面临较大的市场风险。投资者应充分了解北京证券交易所市场的 保荐机构（主承销商） 1-1-0 湖北秭归经济开发区九里工业园区 湖北戈碧迦光电科技股份有限公司招股说明书（注册稿） （北京市朝阳区安立路 66 号 4 号楼） 投资风险及本公司所披露的风险因素，审慎作出投资决定。 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表 明其对注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不 表明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或 者保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担股票 ...

⒆ेᠸ⻗䘖ݹ、⭥ᢰ㛑ԭᴹ䲀ޜਨ 䶎㓿ᑨᙗᦏ⳺䢤䇱ᣕ ˄ᡚ㠣 2023 ᒤ 12 ᴸ 31 ᰕ→৺ࡽҼњᒤᓖ˅ | | ⴞᖅ | | 亥⅑ | | --- | --- | --- | --- | | аǃ | 䶎㓿ᑨᙗᦏ⳺䢤䇱ᣕ੺ | | | | | | | | | Ҽǃ | 䶎㓿ᑨᙗᦏ⳺᰾㓶㺘 | | | 䶎㓿ᑨᙗᦏ⳺䢤䇱ᣕ བྷॾṨᆇ[2024]0011003200 ਧ བྷ ॾ Պ 䇑 ᐸ һ ࣑ ᡰ ⢩ ↺ Პ 䙊 ਸ Չ Da Hua Certified Public Accountants˄Special General Partnership˅ 4-4-1 ⒆ेᠸ⻗䘖ݹ、⭥ᢰ㛑ԭᴹ䲀ޜਨ 4-4-2 澔 澔 ⠨≏ḛ媢ⴉᶌ↢ㅁ漑䅺㪋㕯弛⌉Ḛ漒澔 ∖ᶫⴁ㱶㲿∹塾◚䊮ᴬ峮 濄濉 ⋶敡 濊 ⋶㡻 濄濅 ⭁澳 濮濄濃濃濃濆濌濰澳 澳 䐴嫜漡濋濉澳 澻濄濃澼澳 濈濋濆濈澳 濃濃濄濄澳 ḟ䘞漡濋濉澳 澻濄濃澼澳 濈濋濆濈澳 濃濃濃濉澳 澳 瀊瀊瀊濁濷濴濻瀈濴激濶瀃濴濁濶瀂瀀澳 䶔 㔅 ᑮ ᙝ ᦕ ⴀ 䢪 䇷 ᣛ བྷॾṨᆇ>@ ਧ ⒆ेᠸ⻗䘖ݹ、⭥ᢰ㛑ԭᴹ䲀ޜਨޘփ㛑ь˖ ᡁԜᇑṨҶਾ䱴Ⲵ⒆ेᠸ⻗䘖ݹ、⭥ᢰ㛑ԭ ...

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中信建投证券股份有限公司 关于 湖北戈碧迦光电科技股份有限公司 向不特定合格投资者公开发行股票并在 北交所上市 之 发行保荐书 保荐人 二〇二四年三月 保荐人出具的证券发行保荐书 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人童宏杰、黄刚根据《中华人 民共和国公司法》《中华人民共和国证券法》等有关法律、法规和中国证监会的 有关规定以及北京证券交易所的有关业务规则，诚实守信，勤勉尽责，严格按照 依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证发行 保荐书的真实性、准确性和完整性。 3-1-1 保荐人出具的证券发行保荐书 目 录 | 释 义…… | | --- | | 第一节 本次证券发行基本情况 … | | 一、本次证券发行具体负责推荐的保荐代表人 | | 二、本次证券发行项目协办人及项目组其他成员… | | 三、发行人基本情况. | | 四、保荐人与发行人关联关系的说明……………………………………………………………………………… 11 | | 五、保荐人内部审核程序和内核意见…………………………………………………………………………… 12 | | 六、保荐人对私募投资基金 ...