Company Overview - Huazhi Jie (603400.SH) initiated its subscription on June 10, with an issue price of 19.88 CNY per share and a subscription limit of 0.80 thousand shares, reflecting a price-to-earnings ratio of 13.05 times, under the sponsorship of CITIC Securities [1] - The company is positioned in the smart control industry, focusing on providing intelligent, safe, and precise key functional components for electric tools and consumer electronics [1] - Main products include smart switches, smart controllers, brushless motors, and precision structural components for electric tools, as well as precision structural components and switches for consumer electronics [1] - The company has developed a core technology combination of 32 underlying technologies, including "low-resistance, low-heat dual MOSFET circuit technology" and "non-removable program burning technology," which can be further expanded into smart home and new energy vehicle sectors [1] - Huazhi Jie has established long-term stable partnerships with well-known domestic and international brands and manufacturers in the electric tool and consumer electronics sectors, including companies like Ryobi Group, TTI Group, and Delta Group [1] Industry Analysis - The electric tool industry in China is highly market-oriented and competitive, rapidly developing as it undertakes international division of labor, making China a significant supplier and production base for electric tools and components globally [2] - The industry has a high market concentration, with manufacturers demanding higher quality standards for components, allowing qualified suppliers to maintain long-term stable cooperation and capture market share [2] - The company has participated in drafting multiple industry standards in the electronic switch field and has received certifications from renowned institutions such as T V and UL for its laboratory [2] - The company has been recognized with various honors, including being listed among China's top 100 electronic component enterprises and receiving accolades for its technological center and manufacturing transformation [2] Financial Performance - For the fiscal years 2022, 2023, and 2024, Huazhi Jie reported revenues of approximately 1.019 billion CNY, 937 million CNY, and 1.230 billion CNY, respectively, with net profits of approximately 101 million CNY, 121 million CNY, and 154 million CNY [2] - As of the end of 2024, the total assets are projected to be approximately 1.352 billion CNY, with equity attributable to the parent company at around 735 million CNY [3] - The company's asset-liability ratio is expected to be 41.84% by the end of 2024, showing a slight increase from 40.57% in 2023 and a decrease from 41.83% in 2022 [3]
华之杰开启申购 是百得集团、TTI集团等知名企业的合作伙伴
Zhi Tong Cai Jing·2025-06-09 22:46