On September 28, at the 24th and 25th trials of the selection layer in 2021 held today, Yoshioka Precision (836720), Tongxin Transmission (833454), and Dadi Electric (870436) passed the meeting. Up to now, there are 80 enterprises that have passed the selected layer (except for the enterprises that have withdrawn materials after the meeting), and 66 enterprises that have advanced to the level.
Yoshioka Precision is a supplier of precision metal parts, and has been deeply engaged in the industry for 19 years, providing precision parts for Makita, Coworth, Canon, etc. In the first half of 2021, the operating income was 170 million yuan and the net profit was 28.73 million yuan. The company plans to raise about 200 million yuan publicly for the "intelligent transformation project of the precision machinery parts production line with an annual output of 29 million pieces".
Yoshioka Precision: Provides precision high-end parts for Makita, Coworth, Canon, etc
Yoshioka Precision was established in 2002 and listed on the New Third Board in April 2016.
The company has been deeply engaged in the precision metal parts industry for 19 years, focusing on the research and development, production and sales of aluminum alloy and zinc alloy precision parts, covering electronic and electrical parts, auto parts and other parts, mainly used in cleaning electrical appliances, power tools, communication equipment, body structure, on-board host system, power system and braking system.
According to reports, the company's main customers include Makita, Coworth, Canon, A.O Smith, Bosch, Cummins, Mando Chassis, DPCA, Denso, BorgWarner, Sanli Lamps, Bridgestone and other well-known enterprises at home and abroad.
In terms of technology research and development, the public offering prospectus shows that the company has 85 patents, including 2 invention patents and 83 utility model patents. The company's independent research and development of the invention patent of steam heater, is widely used in steam mops and other cleaning small household appliances, and has become the steam mop enterprise Shark steam heater designated supplier.
In addition, in 2019, the company successfully developed Huawei's product accessories and entered the field of communication product accessories; in 2020, it cooperated with Foxconn to obtain its supplier code to further develop the market in the communication field.
In terms of performance, in the first half of 2021, the company's operating income was 170 million yuan and net profit was 28.73 million yuan, a rapid growth of 86%.
The Company plans to publicly issue no more than 23 million shares (without considering the over-allotment option) and no more than 26.45 million shares (considering the over-allotment option), raising about 200 million yuan for the "intelligent transformation project of the precision machinery parts production line with an annual output of 29 million pieces" and "supplementary working capital".
This article originated from the digging shell network
![Yoshioka Precision Special Report: Focusing on the "Little Giant" of Precision Casting such as Power Tools and Automobiles 1. Company Profile: Focus on precision casting, three core businesses to create a solid moat 2. Financial performance: 2021H1 Attributable net profit increased by 86.21% year-on-year, and the expense ratio was controlled below 10% all year round3. Industry space: power tools + clean home appliances + electric vehicle combination punch, the market prospect is broad 4. Competitive advantage: based on technology to create high-quality products, and downstream leaders to carry out in-depth cooperation 5. Horizontal comparison: the company's profitability is better among comparable companies 6. Performance forecasts[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)