On November 4th, Jiangsu Suzhou Wanxiang Technology Co., Ltd. (hereinafter referred to as "Wanxiang Technology") made an initial public offering of shares and was listed on the Growth Enterprise Market (GEM) online roadshow held in China Securities News · China Securities Network.
The company's main business is the research and development, production and sales of consumer electronics precision components products. The company continues to innovate in the field of consumer electronics precision component processing and manufacturing, accumulates experience, gradually extends the manufacturing chain, masters the core technology of mold development, stamping, welding, die cutting and other production links, and independently develops the production process automation based on a deep understanding of the overall process, builds a manufacturing system that is both complete, collaborative and versatile, and realizes the high-quality and lean production of products.
Huang Jun, chairman and general manager of Suzhou Wanxiang Technology Co., Ltd
Chen Hongliang, secretary of the board of directors and financial director of Suzhou Wanxiang Technology Co., Ltd
Group photo of the guests at the roadshow
Roadshow guests
Li Shengyi, Managing Director of Investment Banking Department of Soochow Securities
Soochow Securities Sponsor Representative Fang Lei
Soochow Securities Sponsor Representative Yu Zhe
Company Profile
The company's main products include thermal protection components, digital telex control integrated components, precision structural parts and flexible functional components and other structural, functional and auxiliary precision components, which are widely used in mainstream consumer electronics products such as notebook computers, tablet computers, mobile phones and smart wearable devices. At the same time, the company actively carries out the further extension of the industrial chain, and the self-developed micro lithium-ion battery products have a small batch production capacity and can be applied to small and micro smart terminals such as smart wearable devices.
The company's core direct customers include Syntech, Huizhou Desai, Ningde New Energy, Sunwoda and other well-known lithium-ion battery module manufacturers, and the terminal applications cover Apple, HP, Dell, Huawei, Microsoft, Samsung, Lenovo, ASUS and other mainstream consumer electronics brands. In terms of market segmentation, the company is a major supplier of digital telematics integrated components for Apple's laptop business; At the same time, the company's thermal protection component products occupy a large share of the market, and the company is one of the strong competitors in the consumer electronics lithium-ion battery module precision components market.
Huang Jun, chairman of Wanxiang Technology, said in his speech that after years of development and innovation, the company has been rated as "high-tech enterprise", "Jiangsu Engineering Technology Research Center", "Jiangsu Provincial Informatization and Industrialization Integration Pilot Enterprise" and "Suzhou Municipal Enterprise Technology Center" with excellent R&D and production strength, and has been included in the suzhou "Gazelle Plan" enterprise directory.
Huang Jun also said that landing in the capital market has made Wanxiang Technology more transparent in front of the world and the public, and has also given the company more missions and responsibilities, encouraging the company to continuously enhance its competitiveness.
Release Overview
Securities abbreviation: Wanxiang Technology
Subscription code: 301180
Stock code: 301180
Issue size: 40.01 million shares, representing 10% of the total number of shares after the completion of the offering
Subscription date: November 5, 2021
Payment date: 9 November 2021
Issue price: 12.20 yuan / share
Roadshow Q&A highlights
ask
What is the company's core competitiveness in the industry competition?
In recent years, the competition in the consumer electronics market has intensified, and higher requirements have been put forward for the comprehensive service capabilities of component manufacturers. In this case, the company's core competitiveness is reflected as follows:
First, the company has a good reputation and customer base, can participate in the demonstration of component design and production process evaluation in the process of product design and research and development of terminal brand owners, directly participate in the design of components, help the company quickly prepare for mass production, cooperate with molds, automation and various production departments to complete mold development, production process design and form automation programs synchronously, help the company seize market opportunities, enhance the market competitiveness of products;
Second, the company has continued technological innovation in the field of consumer electronics precision component processing and manufacturing, mastered the core technologies of mold development, stamping, welding, die cutting and other production links, and built a manufacturing system that is complete, collaborative and versatile. With the advantages of the manufacturing system, the company can realize the manufacture of products with a variety of structures and materials, provide strong support for the development and manufacture of new products, thereby broadening product coverage, strengthening the company's comprehensive service capabilities, and enhancing core competitiveness;
The third is that the company maintains and enhances its market share under the background of improved industry concentration and intensified competition among suppliers at all levels, conducts in-depth development of customers, actively extends the industrial chain, expands horizontally and vertically in the field of product application, and maintains its own advantages in the fierce market competition by enhancing comprehensive technical strength.
answer
What is the company's core technology and source?
The company's core technology system is based on precision mold manufacturing, through continuous accumulation of experience and continuous process innovation, and constantly extend the manufacturing chain, in each production link of consumer electronics precision components mastered a series of core processing and manufacturing technologies such as precision stamping, rapid pressing, copper surface oxidation resistance, efficient welding, precision die cutting, etc., and based on a deep understanding of precision component processing and manufacturing, independently carry out the automated development of the production process, and build a manufacturing system that is both complete, collaborative and versatile. It ensures the high-quality and lean production of the company's products, and has the ability to independently expand the field of terminal applications. According to the specific application scope and realization function of the core technology, the company's core technology includes three categories: precision mold design and development technology, precision component processing and manufacturing technology and automated process development technology.
What is the company's technical reserves?
Relying on an experienced team of professionals, Changzhou Micro-Ze, a wholly-owned subsidiary of the company, has mastered a number of core technologies in the shell structure, electrochemical formulation and manufacturing of micro-lithium-ion batteries through in-depth technology development and continuous R&D investment. At this stage, the first generation of miniature lithium-ion battery products have been thoroughly tested, and the product performance has reached the mainstream level of the market. Changzhou Micro-Zeus now has a small batch production capacity, and has reached substantial cooperation with well-known domestic consumer electronics brands, as of the date of signing of the prospectus, Changzhou Micro-Zeus has begun the mass production and product delivery of micro-lithium-ion batteries.
What are the specific goals of the company's development?
The first is to strengthen the development of new digital and tele-transmission integrated components, participate more in the design of customer products, and design and manufacture more integrated digital and telematics integrated components for customers. Expand the scope of application of the terminal of the product, and expand the company's rich experience in the field of precision components of lithium batteries in consumer electronics to be applied to the integrated components of transmission and control in other electronic fields.
The second is to continue to improve the manufacturing process of thermal protection component products, maintain the company's main market share of such products, and become one of the leading enterprises in the market segment.
The third is to increase investment in the appearance of notebook computers and the manufacture of built-in structural parts, and create an important entry point for the company to deepen the notebook computer business sector.
The fourth is to optimize the manufacturing capacity of flexible functional components, strengthen the research and development and manufacturing of insulation flame retardant, sealing and dustproof products, and paste-fixing products, and continue to develop flexible functional components with diversified functions and integrated components, as an important business segment for the company's diversified product lines, enhancing comprehensive competitiveness, and enhancing the overall business anti-risk ability.
The fifth is to continuously improve the company's degree of automation and optimize the existing automation process. At the same time, the company plans to build an automation center on the basis of gradually realizing the development capability of autonomous automation equipment, and plans to form an automation equipment output capacity in the long run. In the next three years, the company strives to become a strong competitor in the micro-lithium-ion battery industry, and related products achieve large-scale mass production.
What measures will the company take in the future to achieve its development strategy and goals?
In the future, the company will formulate a more perfect incentive plan to form a long-term incentive with echelons, retain core talents and attract external talents needed by the company. At the same time, the company will seize market opportunities with the help of capital market financing and mergers and acquisitions, launch corresponding refinancing plans or implement epitaxial mergers and acquisitions, and accelerate the implementation of the company's business development strategy. In addition, the company will continue to increase innovation and R & D investment, focusing on process innovation, automation equipment development, product design innovation, etc., to provide customers with better products and services, serve the innovation-driven development strategy, and make contributions to the development of the related precision components manufacturing industry.
EDIT: Leaf Pine