On November 22, 2022, Hunan Huashu Hi Tech Co., Ltd. (hereinafter referred to as "Huashu Hi Tech") will be reviewed at the IPO meeting of the Science and Technology Innovation Board.
For more than ten years, the company has focused on the R&D, production and sales of industrial additive manufacturing equipment, committed to providing global customers with metal (SLM) additive manufacturing equipment and polymer (SLS) additive manufacturing equipment, and providing 3D printing materials, processes and services. The company is one of the few additive manufacturing enterprises in the world with independent R&D and production capacity of 3D printing equipment, materials and software. Its sales scale ranks the top in the world, and it is one of the leading enterprises of industrial additive manufacturing equipment in China.
From 2019 to the first half of 2022, the Company achieved operating revenue of 155.0496 million yuan, 217.2734 million yuan, 334.0574 million yuan and 176.2048 million yuan respectively, and net profits of 17.955 million yuan, 4096.15 million yuan, 117.3974 million yuan and 31.6174 million yuan respectively, with the performance rising continuously.
This time, the company issued no more than 41432300 shares, and planned to raise 664 million yuan for the expansion project of additive manufacturing equipment, the R&D headquarters and industrialization application center project, and the construction project of additive manufacturing technology innovation (Shanghai) research institute.
This time, the company admitted that there was a risk that the key core components of additive manufacturing equipment depended on imports.
The core components required for 3D printing equipment include galvanometer and laser. During the reporting period, lasers were mainly imported from the United States and Germany, and the proportion of imported lasers in the total laser procurement was 82.88%, 88.01%, 86.08% and 69.90% respectively. The galvanometers were mainly imported from Germany, and the proportion of imported galvanometers purchased by the company in the total galvanometers procurement was 100.00%, 98.02%, 100.00% and 99.13% respectively. After the reporting period, the proportion of imported galvanometers was decreased, However, the proportion of purchased imported core components is still high, and there is a risk of import dependence.
The company's core components, lasers and galvanometers, are highly dependent on imports. Imported galvanometers and galvanometers have been used in the industry for a long time, with mature and stable performance and relatively high popularity. However, compared with imported galvanometers and lasers, the technology maturity of domestic galvanometers and lasers still lags behind. The company has gradually used domestic lasers and galvanometers in some small and medium-sized equipment, but its long-term stability is insufficient compared with that of imported parts, and the company cannot complete effective and comprehensive domestic substitution in the short term.
Source: interface news
