Source: Panoramic network
Panoramic Network April 8 news As the only listed company in China that integrates the production, R & D and manufacturing of special production equipment for silicone room temperature glue, Sibao technology has formed a business structure with silicone room temperature glue as the main part and special production equipment for glue making as the auxiliary part. Its products are widely used in building doors and windows curtain walls, energy conservation and environmental protection, electronic power, automobile manufacturing, highway bridges and airport runways, subway engineering Solar energy and other fields. After more than 20 years of development, it has become a leading domestic enterprise with independent intellectual property rights, high brand awareness, unique formula design ability and strong technical reserves in the silicone room temperature adhesive industry, and can develop different performance products according to the diversified requirements of customers.
With the steady growth of electronic information manufacturing industry and home appliance industry, the market demand for sealant for electronic appliances is expanding. Sibao technology has increased the global layout of endogenous and epitaxy, with guaranteed performance growth. In 2019, new products such as reactive polyurethane hot melt adhesive for automobile lamps, high-performance polyurethane sealant for automobile and high-performance silane modified sealant developed by Sibao technology were successfully launched into the market, and the developed silicon / carbon composite anode material for high specific capacity lithium-ion battery entered the stage of amplification and trial use. At present, the silicone sealant products of Sibao technology have been sold in 5g communication, power battery, power supply, lighting and other fields, and the operating revenue in 2019 increased by 100.02% year on year. In 2020, Sibao technology will focus on expanding the sales of adhesive, heat conduction, potting and other sealant products in the fields of automobile manufacturing, photovoltaic new energy, rail transit, electronic appliances, etc., and the sales of industrial adhesive is planned to increase by 50%. Realize the double growth of scale and sales, and further enhance the leading position of the company in the silicone sealant industry. In addition, through capital operation, investment and M & A, focusing on the field of organosilicon materials and adhesive industry, we are seeking cooperation with enterprises with new products and technologies to improve the company's scale and overall strength.
At 15:00-17:00 on April 8, 2020, the 2019 performance presentation meeting of Sibao technology was held in panoramic network. Wang Youzhi, chairman of Sibao technology, Wang Youqiang, general manager, Li Song, chief financial officer, Qiu Jian, independent director, Zeng Zhiyong, chairman of the board of supervisors and other executives were online, and answered the questions of investors on the 2019 annual performance and corporate governance.
According to the 2019 annual report, Sibao technology achieved an operating revenue of 1.018 billion yuan (+ 16.94%), an operating profit of 147 million yuan (+ 118.48%), and a net profit of 132 million yuan (+ 102.00%) attributable to shareholders of listed companies. The operating revenue of industrial rubber is 77.22 million yuan, accounting for 7.58% (+ 43.38%) of the total revenue, and the gross profit margin is 40.76% (+ 6.33%).
The company's accumulated distributable profit for shareholders in this year is 256 million yuan, and the balance of capital reserve at the end of this year is 38 million yuan. The profit distribution plan for 2019 is proposed as follows: deduct 500000 shares in the company's special account for repurchase with 330901951 shares of the company's total capital stock, and finally 330401 shares, 951 shares are taken as the base, and 1.5 yuan (including tax) of cash dividends are distributed to all shareholders for every 10 shares, with a total of 49560292.65 yuan (including tax) of cash dividends. No capital reserve is transferred to increase capital stock, and the remaining undistributed profits are carried forward for annual distribution. Before the implementation of the distribution plan, if the share capital of the company changes due to share buyback, share buyback cancellation and other reasons, the company will adjust the distribution proportion according to the principle of "the total dividend remains unchanged".
Wang Youzhi, chairman of the board of directors, answered the questions about the company's capacity and investment in the field of lithium battery negative materials: in 2019, the company completed the pilot scale-up and built a pilot production line of silicon carbon negative materials with a capacity of 50 tons / year. Meanwhile, the company's "high specific capacity lithium ion battery silicon / carbon composite negative materials" passed the achievement appraisal organized by the Department of economy and information technology of Sichuan Province, with the appraisal conclusion It is an advanced international level. As a new entrant in lithium battery anode material industry, the company aims at the high-end silicon carbon anode material in the industry. At present, the company has sent samples to several battery manufacturers for joint development, and will produce in large quantities according to the cooperation progress with the manufacturers. In the future, the company will continue to increase investment in research and development of silicon carbon anode materials.
As for the acquisition progress of Tuoli, Wang Youqiang, general manager, replied that the due diligence work of the intermediary agency hired by the company has been basically completed, and the communication with Tuoli technology has been in progress. Due to the epidemic situation, the process of acquisition of Tuoli technology has been affected to a certain extent, and the company is actively discussing relevant matters.
During the reporting period, the company signed a framework agreement to purchase 100% equity of Chengdu Tuoli Technology Co., Ltd. (hereinafter referred to as "Tuoli technology") by means of cash payment on December 5, 2019. Tuoli technology is a national high-tech enterprise specializing in the research and development, production, sales and technical services of functional polymer materials such as silicone, epoxy, UV curing, etc., with products of For silicone rubber, UV curing materials, epoxy resin materials three categories, widely used in electronics, 5g communications, power, home appliances, civil aviation, communications, automotive and other fields. This acquisition is conducive to the optimization and integration of the company's resources, further improving the company's industrial layout, expanding the company's business area, improving the company's profitability and comprehensive competitiveness, and in line with the company's long-term development planning strategy. According to the company's current preliminary assessment on the business, finance and team of Tuoli technology, the overall valuation of Tuoli technology is tentatively determined to be RMB 255 million. Finally, based on the assessed value of the appraiser firm (the benchmark date of assessment is October 31, 2019), it is determined by the company and the transferor through consultation.
As for the investors' questions about the sales performance of building rubber in 2019, Li Song, chief financial officer, replied: the operating revenue of building rubber products reached 778.2202 million yuan, a year-on-year increase of 21.43%, with a large growth rate; the sales price of the company's products decreased to a certain extent in 2019, and the overall sales volume of the company increased from 44470.51 tons to 62870.04 tons, with a growth rate of 41.37%; far higher than the growth rate of the company's sales revenue.
It can be seen from the public data that the glue used in the construction field of Sibao technology accounts for about 70% of the company's business, the company pays attention to brand building, and the company has won the first prize in the "construction glue recommendation rate" of China's real estate supplier industry, and the home of China's chief real estate engineer "Top 10 supplier brands" ranked first; in 2019, it was successfully shortlisted in Wanda Group, Evergrande real estate, Greenland Group, Longhu real estate, Shimao real estate, country garden and other large real estate brand libraries. Construction glue has been successfully applied in Beijing Daxing International Airport, Beijing City sub center, speed skating Hall of Winter Olympic Games, Tianfu International Airport, Xi'an Silk Road International Conference Center, Shenzhen International Convention and Exhibition Center and other national key projects. As one of the first batch of "national assembly construction industrial bases" recognized by the Ministry of housing and urban rural development, the company has the first level qualification of engineering professional contracting.
Information source: Panoramic network, silicone