IECHO(688092)2024-04-19 09:22Quality Control and Certification - The company has established a comprehensive quality control mechanism and ISO9001 quality management system to ensure product quality throughout the entire lifecycle, with all main products having passed CE safety certification[3] Party Membership and Development - The company has a total of 34 party members, with 2 being approved as full members and 3 being developed as probationary members during the reporting period[7] Investor Relations - The company held 3 performance briefings and maintains an investor relations column on its official website, actively managing investor relations through various channels including email, hotline, and on-site research[8] Intellectual Property Management - The company has a well-established intellectual property management system and has obtained certification, with core technical personnel signing confidentiality agreements to protect proprietary technology[13] Share Lock-up and Transfer Restrictions - The company's actual controller and controlling shareholder have committed to a 36-month lock-up period for their shares post-IPO, with specific conditions for share reduction after the lock-up period[15] - The company's actual controller, Xu Weihong, is subject to a 36-month lock-up period for pre-IPO shares starting from the listing date, with restrictions on transfer and management delegation[18] - Directors and core technical personnel, such as Wu Yujie, are subject to a 12-month lock-up period for pre-IPO shares starting from the listing date, with similar restrictions on transfer and management delegation[18] - Post-lock-up period, Xu Weihong is required to maintain a minimum selling price for shares not lower than the IPO price, adjusted for any stock splits or dividends[18] - Directors and core technical personnel are limited to selling no more than 25% of their pre-IPO shares annually during their tenure and for 6 months after leaving the company[18] - Xu Weihong's lock-up period will automatically extend by at least 6 months if the stock price remains below the IPO price for 20 consecutive trading days within 6 months post-listing[18] - Directors and core technical personnel are prohibited from transferring shares within 6 months of leaving the company[18] - Xu Weihong is restricted from transferring more than 25% of pre-IPO shares annually for 4 years after the lock-up period ends, with cumulative usage allowed[18] - Directors and core technical personnel are subject to a 12-month lock-up period for pre-IPO shares starting from the listing date, with restrictions on transfer and management delegation[21] - Post-lock-up period, directors and core technical personnel are required to maintain a minimum selling price for shares not lower than the IPO price, adjusted for any stock splits or dividends[21] - Directors and core technical personnel are limited to selling no more than 25% of their pre-IPO shares annually during their tenure and for 6 months after leaving the company[21] - The company's core technical personnel, Zhang Dongsheng, is restricted from transferring or entrusting others to manage the shares held directly and indirectly within 12 months from the listing date of Aike Technology[24] - Shareholders Ruibu Investment and Ruisong Investment are restricted from transferring or entrusting others to manage their shares within 36 months from the listing date of Aike Technology[24] - Shareholders Huaruan Venture, Qilin Investment, Beijing Huaruan, and Tang Min are restricted from transferring or entrusting others to manage their shares within 12 months from the listing date of Aike Technology[24] Long-term Shareholding and Stock Price Stabilization - Ruibu Investment and Ruisong Investment intend to hold Aike Technology shares for the long term and may reduce their holdings after the lock-up period expires, with the reduction quantity, proportion, and amount complying with regulatory requirements[28] - Huaruan Venture, Qilin Investment, Beijing Huaruan, and Tang Min intend to hold Aike Technology shares for the long term and may reduce their holdings after the lock-up period expires, with the reduction quantity, proportion, and amount complying with regulatory requirements[28] - Aike Technology will fulfill its obligations to stabilize the company's stock price according to the prescribed conditions, time, duration, price, and methods[28] - The controlling shareholder, Aike Computer, will fulfill its obligations to stabilize the company's stock price according to the prescribed conditions, time, duration, price, and methods[28] - The actual controllers, Fang Xiaowei and Xu Wei, will fulfill their obligations to stabilize the company's stock price according to the prescribed conditions, time, duration, price, and methods[28] Financial Reporting and Profitability - The company's board of directors, board of supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the annual report and bear individual and joint legal responsibilities[36] - The company did not achieve profitability at the time of listing and has not yet achieved profitability[36] Dividend Distribution and Capital Reserve Conversion - The company plans to distribute a cash dividend of RMB 5.10 per 10 shares, totaling RMB 29,824,705.14, which accounts for 39.61% of the annual net profit attributable to shareholders[38] - A capital reserve to share capital conversion will be implemented, issuing 4 additional shares per 10 shares, increasing the total share capital to 82,690,657 shares[38] - The company's total share capital may change due to convertible bond conversions, share repurchases, and other factors, but the total distribution amount and per-share conversion ratio will remain unchanged[38] Shareholder Structure and Trading - The company's largest restricted shareholder, Hangzhou Aike Computer Technology Co., Ltd., holds 21,892,000 shares, which will be tradable starting from March 19, 2024[45] - The company's trading financial assets increased by RMB 66,239,925.47, reaching RMB 86,247,870.68 at the end of the period[50] - The company's total financial assets increased by RMB 65,541,863.67, reaching RMB 86,302,808.88 at the end of the period[50] - The company's largest shareholder, Hangzhou Aike Computer Technology Co., Ltd., intends to maintain long-term holdings to ensure control over the company[53] - The company's actual controller, Fang Yunke, also intends to maintain long-term holdings to ensure control over the company[53] Stock Price Stabilization and Fraud Prevention - The company has committed to stabilizing its stock price by limiting executive compensation and suspending equity incentive plans if necessary[56] - The company will repurchase all newly issued shares if there are any false statements or material omissions in the prospectus that affect the issuance conditions[56] - The controlling shareholder will actively promote the repurchase of all newly issued shares if the issuer is found to have obtained registration through fraudulent means[57] - The actual controllers have pledged to repurchase all newly issued shares within 5 working days if the issuer is found to have obtained registration through fraudulent means[57] - The company guarantees that there is no fraudulent issuance in its IPO on the STAR Market[57] - The controlling shareholder guarantees that there is no fraudulent issuance in the issuer's IPO on the STAR Market[57] - The actual controllers guarantee that there is no fraudulent issuance in the issuer's IPO on the STAR Market[57] - The entities controlled by the actual controllers guarantee that there is no fraudulent issuance in the issuer's IPO on the STAR Market[58] Technological Integration and Industry Applications - The company has extensive experience in integrating core technologies into various industries such as composites, advertising, automotive interiors, and home textiles, enabling efficient cutting of materials like carbon fiber, glass fiber, aramid, non-woven fabrics, leather, rubber, acrylic, PVC, ETFE, PTFE, and HAPALON[65] Supply Chain Risks and Tax Benefits - The company relies on foreign suppliers for DSP and FPGA chips, with potential risks if trade restrictions halt exports, impacting production[68] - The company and its subsidiaries hold "High-Tech Enterprise" certificates, enjoying a 15% corporate income tax rate, with potential profit impacts if these certificates are not renewed[69] Legal and Credit Status - The company has no significant litigation or arbitration cases during the reporting period[70] - The company and its controlling shareholders have no major debt defaults or legal violations, maintaining good credit status[70] Financial Performance - Revenue for the reporting period reached 384 million yuan, a year-on-year increase of 29.27%[82] - Net profit attributable to shareholders of the parent company was 75.2951 million yuan, a year-on-year increase of 65.90%[82] - Non-GAAP net profit was 70.616 million yuan, a year-on-year increase of 70.42%[82] R&D Investment and Innovation - R&D investment for the reporting period was 25.8266 million yuan, accounting for 6.73% of revenue[87] - 10 new authorized invention patents, 4 utility model patents, and 25 software copyrights were added during the reporting period[87] - The company launched new products such as laser die-cutting machines and flexible blade die-cutting machines, which have gradually entered the market[88] - The company developed a fully digital manufacturing solution based on additive manufacturing digital 3D embossing die technology[88] - The company completed the development of the "Digital Aike" platform, integrating cloud-based mobile applications, energy data feedback, OA office, cost control, and after-sales service management[86] - The company achieved a fully automated non-metallic material intelligent cutting robot, integrating automatic feeding, machine vision, automated cutting, detection, and automatic collection[86] - The company's multi-layer intelligent cutting equipment achieved significant growth in sales compared to the same period last year, with notable improvements in cutting efficiency, quality, and product stability[89] - Machine vision technology was further integrated into the cutting process, enhancing automation and reducing manual intervention, which improved the equipment's intelligence and expanded its application scenarios[91] - The company deepened its research in large-format design, high-performance tools, and intelligent cutting for composite materials, improving cutting precision, efficiency, and stability[91] - The company established Aike Technology Asia Co., Ltd., a wholly-owned subsidiary, to further explore market potential in the cutting field[91] - The company's digital platform, "Digital Aike," was used to optimize operational efficiency, understand market changes, improve service manufacturing levels, and reduce operating costs through full-chain data analysis[92] - The company strengthened its professional R&D, marketing, and supply chain management teams, empowering business units with more decision-making authority to enhance employee engagement and career development[93] - The company's main products are intelligent cutting devices, which are part of the Cartesian robot category, and are used across various industries including composites, automotive interiors, advertising, textiles, and home furnishings[96] - The company's production model is "make-to-order," with production plans based on customer orders, and involves outsourcing for parts production and in-house assembly, software installation, and testing[100] - The company invested in bank financial products using its own funds and idle raised funds, with outstanding balances of 95 million RMB and 127 million RMB, respectively[105] - The company invested a total of 20,000,000.00 yuan in bank wealth management products with an annualized return rate of 2.95%, generating an actual return of 135,616.44 yuan[111] - Another 20,000,000.00 yuan was invested in bank wealth management products with an annualized return rate of 2.85%, resulting in an actual return of 143,670.96 yuan[111] - A third investment of 20,000,000.00 yuan in bank wealth management products yielded an annualized return rate of 2.90%, with an actual return of 146,191.78 yuan[111] - The company's total raised funds amounted to 282,629,217.78 yuan, with a net amount of 234,621,519.82 yuan after deducting issuance costs[121] - As of the reporting period, the cumulative investment in raised funds reached 201,426,224.76 yuan, achieving an 85.85% investment progress[121] - The company's main business income primarily comes from the sales of intelligent cutting equipment, including single-layer and multi-layer intelligent cutting equipment series[126] - The company's business model combines hardware, software, motion control, and services, with software including industry-specific industrial applications[126] - The company's motion control system is the core of the system platform, enabling seamless integration with customer-specific new technology requirements[126] - The company is transitioning its sales model in the domestic market to increase the proportion of distributors to expand marketing scale and reduce sales expenses[129] - For overseas customers, the company primarily uses a distribution model[129] - The company is a national high-tech enterprise and a national "Little Giant" specialized and sophisticated enterprise, with 55 authorized invention patents, including 10 new patents added during the reporting period[135] - The company's products have been promoted to over 100 countries and regions, competing with internationally renowned brands and gaining widespread recognition in the industry[138] - The company has developed multi-industry, multi-series intelligent cutting equipment, gradually narrowing the technological gap with advanced foreign enterprises and entering the international market[132] - The intelligent cutting industry is in its early stages in China, with domestic competitors facing challenges such as late entry, small scale, weak R&D capabilities, and insufficient core technologies[130] - The company has deepened research on multi-axis high-precision cutting control, automatic state detection, automatic compensation, and other intelligent control technologies, significantly improving equipment performance[144] - The intelligent cutting industry involves multiple technical fields, including algorithms, software, precision motion control, cutting manufacturing, and machine vision, requiring extensive technical talent and knowledge reserves[132] - The company has increased research on new process motion control technologies such as laser process control cutting and 3D printing digital indentation control, laying the foundation for expanding application spaces[144] - The intelligent cutting industry requires customized and differentiated design capabilities, posing high technical and management challenges for new entrants[133] - The company's products have been certified as "Zhejiang Manufacturing" and have won multiple awards, including the "Zhejiang Province Science and Technology Progress Second Prize" and the "China Textile Industry Federation Science and Technology Progress Second Prize"[135] - The company has participated in drafting 4 national standards, led the drafting of 1 industry standard, and 1 group standard, further solidifying its industry leadership[135] - The company has significantly improved the intelligence level, operational efficiency, and cutting quality of its CAD/CAM technology, particularly in non-metal laser cutting applications, enhancing product competitiveness[145] - The company has developed various cutting manufacturing technologies, including magnetic roller flexible die cutting integration and high-speed, high-precision multi-process cutting, to meet the demand for high-end intelligent cutting equipment[146] - The company was recognized as a national-level "Little Giant" specialized and sophisticated enterprise in 2022 for its non-metal intelligent cutting equipment[152] - The new intelligent cutting equipment production line project has achieved a cumulative investment of 10,039.03 million yuan, exceeding the planned investment by 100.39%[155] - The intelligent equipment industrialization base (R&D center) construction project has a cumulative investment of 1,990.64 million yuan, with an investment progress of 36.19%[155] - The company used 5,000 million yuan of idle raised funds for cash management, with a balance of 3,100 million yuan at the end of the reporting period[158] - The company increased the registered capital of its wholly-owned subsidiary, Aike Automation, by 30 million yuan to implement the intelligent equipment industrialization base (R&D center) construction project[159] - The company added Aike Technology Asia Co., Ltd. as an implementation entity for the marketing service network upgrade project[163] - The company's limited-sale shares decreased by 606,079 shares, while the unrestricted shares increased by the same amount, resulting in a total of 59,298,731 shares[166] - The total number of ordinary shareholders at the end of the reporting period was 4,947, an increase from 4,750 at the end of the previous month[171] - The company has accumulated 240 patent applications globally, with 166 granted, including 55 invention patents and 125 software copyrights[176] - The company's R&D investment in 2023 was RMB 25.83 million, a decrease of 20.38% compared to the previous year's RMB 32.44 million[176] - The proportion of R&D investment to operating income decreased by 4.19 percentage points to 6.73% in 2023[176] - The company has developed intelligent cutting industrial robot technology, integrating robotics, cutting processes, and intelligent control systems for applications in digital printing, textile, and composite materials industries[174] - The company has established a "Digital Aike" platform, integrating ERP, MES, PDM, SCM, CRM, and IoT systems, and completed cloud-based mobile applications and data connectivity with third-party platforms[175] - The company's restricted shares held by Haitong Innovation Securities Investment Co., Ltd. totaling 739,479 shares became tradable on March 20, 2023[170] - The company's total restricted shares at the end of 2023 were 3,232,120 shares, with 73,947 shares released during the year[170] - The total investment in R&D projects is 121 million yuan, with a cumulative investment of 75.48 million yuan, accounting for 62.38% of the total investment[185] - The company has 90 R&D personnel, accounting for 21.33% of the total workforce, with an average salary of 213,000 yuan[189] - The company has obtained 55 authorized invention patents, 95 utility model patents, and 125 software copyrights, with 10 new invention patents, 4 utility models, and 25 software copyrights added during the reporting period[190] - The "Aike Digital Platform Research and Implementation" project has a total investment of 16 million yuan, with a cumulative investment of 7.36 million yuan, and is currently in the application development stage[180] - The "High-Performance Textile Industry Cutting Solution Research and Implementation" project has a total investment of 15 million yuan, with a cumulative investment of 16.9 million yuan, and has completed its design goals and passed testing[180] - The "High-Performance Intelligent Cutting Key Components and Equipment Application Project Research and Development" project has a total investment of 20 million yuan, with a cumulative investment of 15.97 million yuan, and is currently in the application development stage[182] - The "High-End New Material Cutting and Other Processing Solutions Research and Implementation" project has a total investment of 23 million yuan, with a cumulative investment of 8.97 million yuan, and is currently in the application development stage[182] - The "High-Speed Bus and Vision Technology-Based High-Performance Motion Control System Research and Implementation" project has a total investment of 20 million yuan, with a cumulative investment of 5.98 million yuan, and is currently in the design phase[182] - The "Flexible Rapid Post-Printing Integrated Cutting Solution Research and Implementation" project has a total investment of 27