A股申购 | 志高机械(920101.BJ)开启申购 主要产品为钻机和螺杆机

Core Viewpoint - Zhigao Machinery (920101.BJ) has initiated its subscription on August 5, with an issue price of 17.41 CNY per share and a maximum subscription limit of 1,020,300 shares, reflecting a price-to-earnings ratio of 14.50 times, and is listed on the Beijing Stock Exchange, with Dongfang Securities as its sponsor [1] Company Overview - Zhigao Machinery is a high-tech enterprise specializing in the research, production, sales, and service of rock drilling equipment and air compressors, recognized as one of the fourth batch of "specialized and innovative" small giant enterprises by the state [1] - The company focuses on providing energy-saving, environmentally friendly, safe, and efficient drilling and screw compressor products, offering comprehensive solutions for rock drilling engineering and air power, with applications in mining, construction, equipment manufacturing, and petrochemical industries [1] Product and Technology - The company has established a comprehensive product R&D system, possessing core technologies with independent intellectual property rights and has achieved various technological results, with multiple models of drilling rigs and screw compressors recognized as provincial industrial new products [1] - The ZGYX-6500 full hydraulic open-pit rock drilling rig has been recognized as the first (set) product in key areas of equipment manufacturing in Zhejiang Province and included in the National Torch Program by the Ministry of Science and Technology [1] - Zhigao Machinery is one of the few domestic manufacturers with independent production capabilities for core components of both underground drilling rigs and screw compressors, and has participated in international market competition [1] Manufacturing and Standards - The company possesses high-end manufacturing capabilities and a complete production system, recognized as an advanced manufacturing base in Zhejiang Province, with large-scale production capacity [2] - It is one of the drafting units for industry standards of crawler-type open-pit drilling rigs, tire-type hydraulic excavation drilling rigs, and crawler-type integrated down-the-hole drilling rigs, and is a member of the China General Machinery Industry Association [2] - The company has extensive design and development experience in drilling rigs and screw compressors, with over 400 product models developed, forming a complete series of products including integrated drilling rigs, split drilling rigs, engineering screw compressors, and industrial screw compressors [2] Financial Performance - In terms of financial performance, the company achieved operating revenues of approximately 795 million CNY, 840 million CNY, and 888 million CNY for the years 2022, 2023, and 2024 respectively, with net profits of approximately 88.99 million CNY, 104 million CNY, and 105 million CNY for the same periods [2] - The total assets as of December 31 for 2022, 2023, and 2024 were approximately 851 million CNY, 898 million CNY, and 905 million CNY respectively, with total equity of approximately 419 million CNY, 463 million CNY, and 569 million CNY [3] - The company's asset-liability ratio decreased from 34.72% in 2022 to 32.03% in 2024, indicating improved financial stability [3]