ZHIYUN AUTOMATION(SZ:300097)2022-12-06 07:26Company Overview - Dalian Zhiyun Automation Equipment Co., Ltd. was established in 1992 and listed on the Shenzhen Stock Exchange in 2010, with a registered capital of approximately 269 million RMB and total assets exceeding 2 billion RMB [3]. - The company operates in three main business segments: 3C intelligent manufacturing equipment, new energy intelligent manufacturing equipment, and traditional automotive intelligent manufacturing equipment [3]. Business Segments 3C Intelligent Manufacturing Equipment - The company entered the 3C intelligent manufacturing sector through the acquisition of Xinsanli, offering products that meet international technical standards and have been certified by leading global enterprises [3]. New Energy Intelligent Manufacturing Equipment - Focused on lithium battery production lines, the company has developed key production technologies for cylindrical, soft-pack, and square batteries, leveraging international collaboration and advanced technology [3][6]. - A significant order for a 200ppm 18650 lithium battery automatic assembly line is currently being installed and is expected to be delivered within the year [6]. Traditional Automotive Intelligent Manufacturing Equipment - The company provides products and services to numerous domestic automotive manufacturers, including powertrain testing, cleaning, assembly, and logistics handling [3][4]. Competitive Advantages - Xinsanli, a subsidiary, has a technological lead of 1-2 years over domestic competitors, with high market recognition and a strong domestic market share [5]. - The company’s products are competitively priced, approximately 30% cheaper than similar imported products, while maintaining comparable technology and quality [7]. Market Trends - The OLED industry is expected to see significant investment growth from 2017 to 2020, with major panel manufacturers ramping up production lines, indicating a surge in demand [5][6]. - The company is well-positioned to meet the anticipated demand for OLED technology through its advanced R&D capabilities [6]. Employee Incentives - In January 2017, the company implemented a stock option incentive plan for 123 core employees in the 3C business segment, granting a total of 4 million options, representing 2.68% of the total share capital [8]. Fundraising Activities - The company received approval for a non-public offering on May 8, 2017, with ongoing efforts to advance the related work [9].