On July 20, the Selected Layer welcomes another company that has been promoted from the Innovation Layer to the Selected Layer. This is Huayang Transmission (NQ: 839946). Huayang Transmission will also be the 58th New OTC company to enter the Selected Layer. The team of high-quality companies in the Selected Layer is constantly expanding.
Huayang Variable Speed Listing Selected Layer Bell Ringing Ceremony
Judging from the market conditions on the first day of listing of the Selected Layer, Huayang Variable Speed shares continued to fluctuate after opening high. On the morning of that day, the company's stock price rose by and remained above 13%.
It is understood that the price of the public offering of Huayang Variable Speed shares is 4.20 yuan per share, and the fundraising scale is 160 million yuan. It is worth noting that Huayang Variable Speed has been favored by the market during the subscription process. Judging from online subscriptions, a total of 55,000 investors have validly subscribed, with a subscription quantity of 3.045 billion shares and corresponding frozen funds of 12.79 billion yuan. In the end, the number of households allocated to the online issuance was 28,200, and the online allocation ratio was only 0.92%.
In fact, for enterprises, while being recognized by the capital market , they also receive help from the capital market. Regarding the successful promotion to the selected tier, Chen Lunhong, chairman of Huayang Transmission, also believes that this is a new opportunity for the company.
Chairman and General Manager of Huayang Variable Speed Chen Lunhong
Chen Lunhong said: "Huayang Transmission has successfully advanced to the selected tier. We will live up to the great trust and seize the greater lightweight opportunities created by commercial vehicle emission upgrades, new energy and automatic AMT. We will continue to consolidate and expand the lightweight leadership of medium and heavy commercial vehicle transmission systems. At the same time, we will make good use of the lightweight first-mover advantage to continuously expand the lightweight business boundaries of medium and heavy commercial vehicles. Make greater contributions to the carbon reduction of medium and heavy commercial vehicles, gain momentum for ourselves, make money for shareholders, bring glory to small and medium-sized enterprises and the manufacturing industry, and add luster to the New Third Board and the Selected Layer."
Login to the Selected Layer to help companies seize new opportunities
It is understood that Huayang Transmission is mainly engaged in the research and development, production and sales of commercial vehicle transmission parts. Lightweight automotive parts are achieved through technologies such as aluminum alloy application, structural optimization, hot forming and modular design. After years of technological research and development and innovation, the company's lightweight products have gradually replaced traditional cast iron and cast steel products in the field of medium and heavy commercial vehicle transmissions.
Huayang Transmission is a national high-tech enterprise. Relying on nearly 30 years of technology accumulation, and through many years of continuous technological transformation and R&D innovation, the company has formed strong market competitiveness in the fields of medium and heavy commercial vehicle transmission shifting mechanisms and lightweighting, and has high industry visibility. The information disclosed by
Huayang Variable Speed shows that the company's performance has developed steadily in the past few years and has also maintained a considerable growth rate. This also reflects the company's healthy and rapid development at the financial level.
From 2018 to 2020, the company achieved operating income of 171.3224 million yuan, 253.9078 million yuan and 325.2694 million yuan respectively. It has increased year-on-year, with an average annual compound growth rate of 37.79%. The operating income in 2019 increased by 48.20% compared with 2018, and the operating income in 2020 increased by 28.11% compared with 2019.
At the same time, the company's net profits from 2018 to 2020 were 16.5 million yuan, 36.23 million yuan, and 52.89 million yuan respectively. It can be seen that the net profit level has also maintained a steady growth rate like operating income. A company like
has also received great attention from investors. In addition to being popular in the online subscription process, nine institutions have also taken action in terms of strategic placement.
Specifically, 9 strategic investors were allocated a total of 5.898 million shares, with a total amount of 24.7716 million yuan. The nine strategic investors are Shenzhen Danguishun Asset Management Co., Ltd., Shanghai Tongyi Investment Management Co., Ltd., Taizhou Sisi Investment Management Co., Ltd., Nanjing Li Guangfu Investment Management Co., Ltd., Shanghai Guantong Investment Co., Ltd., Hunan Zhengyin Investment Management Co., Ltd., Qingdao Chenrong Qihao Equity Investment Management Center (Limited Partnership), Shanghai New Rural Construction Investment Co., Ltd., and Jiaxing Jinchangchuan Equity Investment Partnership (Limited Partnership).
Huayang Transmission listed on the selected tier site
Undoubtedly, successfully advancing to the selected tier is a good opportunity for the company to use the capital market to promote the company's development. Huayang Transmission also made it clear that it will use the opportunity to advance to the selected tier to seize the commercial vehicle rankings We will continue to consolidate and expand our leading advantage in the lightweighting of transmission systems for medium and heavy-duty commercial vehicles, while leveraging our first-mover advantage in lightweighting to continuously expand the boundaries of lightweighting for medium- and heavy-duty commercial vehicles and make greater contributions to the carbon reduction of medium- and heavy-duty commercial vehicles.
A broker familiar with Huayang Transmission also pointed out: "It can be said that the company has experienced high growth in recent years, mainly because the commercial vehicle industry, especially the heavy-duty truck industry, has been booming. At the same time, the company has launched new aluminum alloy products, which is in line with the industry's lightweight trend. Now the air-conditioning industry is planning to replace copper with aluminum to reduce costs. In fact, the heavy-duty vehicle industry has already started using aluminum alloy to replace steel. The vehicles are lighter and consume less fuel. In fact, The company's raised funds are mainly invested in lightweight projects with an annual output of 300,000 sets of high-end gearboxes and retarder housings. "
In addition, Huayang Transmission has also made certain layouts and breakthroughs in the new energy business. At present, some pure electric products have completed product finalization and have been supplied in small batches. At the same time, the company and relevant downstream customers also have a number of gasoline-electric hybrid products and hydrogen energy products that are being developed and trial-produced.
The government gives strong support
In addition to the help of the New OTC Market, the development of Huayang Variable Speed is also inseparable from the support of the local government. It is also Shiyan City, Hubei Province another company to land in the selected tier after Taixiang Co., Ltd. From this, we can also see the Shiyan Municipal Government's support for local companies to enter the capital market.
Member of the Standing Committee of the Municipal Party Committee and Vice Mayor of Shiyan City Gu Lin
Member of the Standing Committee of the Shiyan Municipal Party Committee and Vice Mayor Gu Lin said at the Huayang Transmission Selected Layer Ceremony: "Huayang Transmission is a model for the successful development of auto parts companies in Yunyang District, Shiyan City, and a successful example of enterprises becoming stronger and bigger through independent research and development. This time, Huayang Transmission successfully landed on the Selected Layer, providing a broader financing platform and market space for corporate development, marking that Huayang Transmission is at a new starting point for development. I believe that as Shiyan With the development of the economy, Huayang Transmission, which has taken the lead, will be able to make strides forward and quickly develop into a benchmark in the industry, bring generous returns to shareholders, develop and design more products for society, and make greater contributions to the industry. At the same time, the Shiyan Municipal Government will continue to support Huayang Variable Speed in becoming bigger and stronger, creating a more relaxed environment and more favorable conditions for the company's sustained and rapid development. "
(CIS)
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