A股申购 | 大鹏工业(920091.BJ)开启申购 加速布局机器视觉检测产品

Core Viewpoint - Dapeng Industrial (920091.BJ) has launched its subscription on November 5, with an issue price of 9 CNY per share and a maximum subscription limit of 675,000 shares, reflecting a price-to-earnings ratio of 14.52 times, positioning itself as a leading manufacturer in the industrial precision cleaning sector in China [1] Company Overview - The company specializes in producing intelligent equipment for industrial precision cleaning, primarily serving the automotive powertrain and new energy vehicle systems, addressing the precision manufacturing needs of downstream clients [1] - Dapeng Industrial aims to leverage the trend of high-quality development in China's manufacturing sector by expanding into machine vision inspection products, creating a second growth curve for the business [1] Product and Service Application - The company's intelligent equipment is utilized in automated machining and assembly lines, integrating with various processing machinery to ensure the production of qualified products [1] - Dapeng's precision cleaning equipment is applied in the production lines of traditional fuel vehicles, hybrid vehicles, and the core components of new energy vehicles, achieving international leading standards in cleanliness, production rhythm, and intelligence [1] Financial Performance - The company reported revenues of approximately 247 million CNY, 260 million CNY, 265 million CNY, and 129 million CNY for the years 2022, 2023, 2024, and the first half of 2025, respectively [2] - Net profits for the same periods were approximately 39.89 million CNY, 48.47 million CNY, 43.09 million CNY, and 16.33 million CNY [2] Client Relationships - Dapeng Industrial has established long-term partnerships with major automotive manufacturers such as BYD, Changan Group, Geely, Great Wall Motors, and SAIC Group, as well as with large powertrain suppliers [2] - The company's machine vision inspection equipment is utilized by clients in both the automotive and home appliance sectors, including major brands like Midea and Toshiba [2] Financial Metrics - As of June 30, 2025, total assets amounted to approximately 418 million CNY, with total equity of about 337 million CNY [3] - The company's asset-liability ratio has improved from 50.58% in 2022 to 19.00% in 2025, indicating a strengthening financial position [3] - The gross profit margin has shown fluctuations, recorded at 35.82% in 2022, decreasing to 24.03% by mid-2025 [3]