It’s late! The new three board "unicorn" Mei Chang new material half a year net profit of nearly 800 million

Abstract On November 14, Meichang New Materials (872859), a star company listed in early September this year, submitted its semi-annual report in 2018. According to the semi-annual report, Meichang New Materials achieved revenue of 1.455 billion yuan in the first half of 2018, a year-on-year increase of 387.45%;

On November 14th, Meichang New Materials (872859), a star company listed in early September this year, handed in the semi-annual report of 2018.

According to the semi-annual report, Meichang New Materials achieved revenue of 1.455 billion yuan in the first half of 2018, a year-on-year increase of 387.45%; net profit attributable to mothers was 718 million yuan, a year-on-year increase of 425.37%. The net profit for the first half of the year is nearly 800 million. This volume has surpassed Jiuding Group, second only to the three-board "Big Mac" Qilu Bank.

For the substantial increase in business performance, Meichang New Materials said that with the improvement of the production technology of domestic diamond wire, the advantages of high cutting efficiency and low cost of diamond wire cutting process have made the penetration rate of diamond wire in the field of crystalline silicon wafer cutting rapidly. The explosive growth of the market demand for diamond wire, combined with the complete production equipment independently developed by the company, can achieve rapid expansion of production scale.

Meichang New Materials is mainly engaged in the research, development, production and sales of electroplated diamond wire. Its main products are electroplated diamond wire, which is mainly used for the cutting of hard and brittle materials such as sapphire. It is now the leading diamond wire production in the domestic production scale and market share. enterprise.

Meichang New Materials was established in July 2015. Although it has only been established for three years, its performance has been enough to “smile” the new three board.

According to the transfer book, the revenue of Meichang New Materials in 2016 was 185 million yuan, and the net profit after deduction was 94 million yuan. In 2017, the company's operating income reached 1.242 billion yuan, net profit was 673 million yuan, and gross profit margin was 70.25% and 71.12 respectively. %, both above 70%, the gross profit margin is much higher than the 45.56% and 48.57% of the listed company's listed company, Muller New Materials (300700).

The reason why Meichang New Materials can rise in a short period of time is due to the technological breakthroughs it has made.

It is understood that the electroplated diamond wire is mainly used for wafer cutting, and its downstream is mainly sapphire processing and silicon wafer cutting (photovoltaic) industry, which is a technical field with high technical content.

Before 2015, Japanese companies had leading technical advantages in the field of silicon chip lines, while domestic similar products depended on imports and the cost was high, so their applications were limited.

In 2015, the silicon-plated electroplated diamond wire independently developed by Meichang New Materials went from experiment to industrial production, which greatly improved the production efficiency and reduced the production cost. When the product performance reached and exceeded the Japanese imported products, it basically realized the Japanese Alternative to the product.

At the time of the establishment of Meichang New Materials, the core team had mastered the trial production technology of electroplated diamond wire by the cooperation with Japan Aide Co., Ltd., and the mass production of diamond wire was realized in the first half of 2016.

Two years later, relying on this production line, Meichang New Materials has grown into the largest manufacturer of electroplated diamond wire in China, and has successfully realized the substitution of domestically produced imports.

It is worth noting that one month after Meichang New Materials was listed, it announced the listing counseling filing. The announcement shows that the company has submitted the registration materials for listing counseling to the Shaanxi Securities Regulatory Bureau in July this year, and is currently accepting the listing counseling of CITIC Jiantou Securities.

That is to say, Meichang New Materials is planning to list while listing the new three boards, and its current valuation has reached 6.7 billion yuan.

The XUNDA Mechanical Protection Tape is a cold applied tape used for the corrosion protection and mechanical protection of oil ,gas ,and water underground or overhead steel pipeline.

It is a polyethylene film with a bonding butyl rubber adhesive ,the adhesive assures a complete bond and eliminates the need for tie-downs on the outerwrap.

The Mechanical Protection Tape shall be applied after the inner pipe anti-corrosion tape by hand or with a pipe wrapping machine. 

The composition of the Mechanical Protection Tape consists of two layers, butyl rubber adhesive layer and film backing.

Adhesive : Butyl rubber

Film Backing: Special blend of stabilized polyethylene

Mechanical Protection Tape

Protection Tape,Mechanical Protection Tape,Pipe Mechanical Protection Tape,Corrosion Protection Tape

Jining xunda pipe coating materials co., ltd. , https://www.pipeanticorrosion.com