"New Three Board Platform" Desheng Waterproofing (833336): independent and innovative comprehensive service provider of building waterproof system - waterproof material Desheng Shandesheng Waterproof Co., Ltd. (hereinafter referred to as "Desheng Waterproof", securities code: 833336) was founded in 2000. After more than ten years of accumulation and precipitation, Desheng Waterproof has rapidly developed into a large-scale and collectivized company integrating research, development, production, sales and construction of waterproof materials. The group includes Tangshan Desheng, Tianjin Yuhong, Xinjiang Desheng Jianke and other wholly-owned subsidiaries. Desheng's waterproof products cover three categories and eight series of waterproof coiled materials, waterproof coatings and asphalt tiles. The company successfully passed the "China Building Materials Certification" ("CTC" certification) and the CRCC certification of the Ministry of Railways of China, and was awarded the certificate of "High Quality Supplier of Waterproof Materials for National Affordable Housing Buildings". The "Desheng Four Modernization" service system was awarded the Innovation Achievement Award for Management Modernization. Tangshan Desheng and Tianjin Yuhong were identified as Hebei Enterprise Technology Center and Tianjin Enterprise Technology Center respectively. Desheng Waterproof, a foundation layer enterprise, was listed on the NEEQ on August 19, 2015 and began market making on January 4, 2016. As of June 17, 2017, the total share capital of the company was 207 million shares, of which 105988100 shares were non restricted tradable shares and were traded on the New Third Board. Company Highlights The company is a high-tech enterprise in the new building waterproof material industry, and has the first grade qualification for waterproof construction. The company has always adhered to the development and application of independent intellectual property rights, relying on forward-looking research and development technology, and is committed to creating innovative products and construction methods with core technology. So far, the company has participated in drafting and formulating nearly ten national standards for products, and has obtained dozens of national patents and several provincial and municipal scientific and technological achievements. As of June 2016, it has 13 invention patents, 87 utility model patents, 2 design patents, and 1 EU patent, covering all fields of waterproof products. Integrated waterproof system solution provider. At present, the company has gradually transformed from a single waterproof material manufacturing and selling enterprise into an integrated solution provider of waterproof system. Combining the self-developed flagship products, the company can better provide downstream customers with integrated solutions from scheme design to construction acceptance. With the advantages of patented technology products and construction teams, we provide customers with comprehensive solutions for waterproof engineering through design and material selection, labor and material contracting, and learn from foreign advanced experience to introduce the mechanism of project quality warranty period, which is transformed from the current project quality warranty period to the project quality warranty period. The company sells its products mainly through direct sales, supplemented by distribution. The company's sales team has developed strategic dealers in each region of the country in municipalities directly under the Central Government, provinces and prefecture level cities. Most of the company's dealers are local influential waterproof engineering contractors. At the same time, the company has also vigorously developed direct marketing channels, set up branches in Shenzhen, and vigorously developed cooperation with top 100 real estate groups in procurement and infrastructure construction projects. In order to enhance the company's comprehensive competitiveness, the company upgraded its existing sales model. With the help of the company's patented technical products and the advantages of the construction team, the company provides customers with comprehensive solutions for waterproof engineering through design, material selection, labor and material contracting, so that the company changes from a traditional waterproof material manufacturer to a waterproof system service provider. Market performance trading: since the first transaction on September 4, 2015, the monthly average turnover rate is 1.80%. The first market making transfer occurred on January 4, 2016, and the trading volume of each quarter has fluctuated since then. In September 2015, the high turnover reached 5.5498 million shares, with a turnover of 3.4044 million yuan. As of February 8, 2017, the total turnover of the company's shares was 195205600 shares, the total transaction amount was 55.9626 million yuan, and the monthly average turnover rate was 1.80%. According to the company's 2016 semi annual report, the actual controllers of Yuanheng Optoelectronics are Li Desheng and Sun Yuying; The controlling shareholder is Li Desheng, with a shareholding ratio of 51.19%. In addition, among the top ten shareholders, institutional shareholders include Xi'an Aerospace Xinyuan Industrial Fund Investment Co., Ltd., with a shareholding ratio of 7.14%; Gongyi No. 5 Refractory Materials General Factory, holding 4.46% of the shares; Sichuan Meilian Borun Investment Consulting Co., Ltd., with a shareholding ratio of 2.81%; Jiaxing Tangdeda Investment Partnership (Limited Partnership), with a shareholding ratio of 1.93%. Since January 4, 2016, the company's stock transfer method has been market making transfer, and the sponsoring broker is Everbright Securities. As of February 8, 2017, there were 7 market makers, including Founder Securities, Everbright Securities, Haitong Securities, Nanjing Securities, Shanghai Securities, Tianfeng Securities and Zhongshan Securities. Main board related concept stock Dongfang Yuhong (002271. SZ): The company is a leading enterprise in China's waterproof industry integrating research and development, manufacturing, sales and construction services of waterproof materials, a national high-tech enterprise, and has an important enterprise technology center and post doctoral research station in the industry. The company has more advantageous production lines of multi-functional imported modified asphalt waterproof coiled materials, cold self-adhesive asphalt waterproof coiled materials and the world's advanced production line of environmentally friendly waterproof coatings. As a provider of system waterproof solutions, Dongfang Yuhong has played an excellent role in the application of waterproof systems in China's landmark buildings such as the Great Hall of the People, the Bird's Nest, the Water Cube and more than 85% of the 2008 Beijing Olympic venues, and a large number of major national infrastructure construction projects such as high-speed railways and subways, and has been highly praised by users and all sectors of society. The products are exported to more than 40 countries and regions such as Germany, Brazil, Venezuela, Poland, Turkey, Angola, Nigeria, South Africa and India. Financial data perspective According to the semi annual report of 2016, in the first half of the year, the company realized an operating income of 216 million yuan, a year-on-year increase of 9.05%, a gross profit rate of 38.12%, a year-on-year increase of 27.06%, a net profit of 21.5863 million yuan, a year-on-year increase of 31.6%, and a net cash flow of 4602600 yuan, a year-on-year decrease of - 71.21%. The increase in gross profit margin and net profit is mainly due to the fact that the main raw materials used for waterproof coiled materials are chemical and petrochemical products. During the reporting period, the prices of these products continued to fall. At the same time, the company optimized the production technology, improved the product formula, and the consumption of raw materials per unit product also continued to decline. In addition, foreign companies mainly provide overall waterproof solutions for the undertaken projects, which are mainly waterproof system projects, The unit construction profit also increased significantly than before. The reason for the decrease in net cash flow from operating activities is that the company's business was previously concentrated in northern China. Affected by the low temperature in winter, the first quarter of each year was the company's sales slack season. During the reporting period, the company's sales area expanded to the south and achieved some results. Due to the impact of the construction period, there were many projects that had not yet reached the settlement node in the reporting period. As a direct result, the cash flow from operating activities decreased compared with the same period last year. The rapid development of building waterproof material industry has resulted in overcapacity and low industry concentration. In recent years, the government has issued a number of policies. On the one hand, it has increased the elimination of backward production capacity enterprises to make their production meet new environmental requirements; On the other hand, we should improve the approval standards for enterprises with market access to ensure the production quality of enterprises. In the future, qualified and technology-based enterprises will be more popular. Since its establishment, Desheng Waterproof has been adhering to the concept of "building without demolition, waterproof without leakage", focusing on the production field of building waterproof materials, and has a high reputation; At the same time, adhere to the development and application of independent intellectual property rights, with industry-leading technological advantages; In addition, the company has advanced production equipment and high degree of production automation. In recent years, relying on its own accumulated patented technical products and construction team, the company has made great efforts to transfer from the traditional waterproof material supplier to the comprehensive service provider of waterproof system. Company website: http://www.tsdsfs.com Contact number: 0315-2084799 Data support: Lu Guohao's NEEQ team Introduction: When NEEQ entered a historical opportunity period, Guangzhou Securities Hang Seng was the first in the industry to establish a NEEQ research team led by the chief research officer. The NEEQ team has built an industry-leading NEEQ research system based on its rich research experience in capital markets and listed companies for a long time and in combination with the characteristics of NEEQ. The team has launched weekly reports, monthly reports, special topics and research product lines of industry companies, with perfect system and fruitful results. Team member: Yuan Ji (General Manager and Chief Research Officer of Guangzhou Securities Hang Seng): He has been engaged in securities research for more than ten years, and has won the title of "Annual Award of World Financial Laboratory - 100 Securities Analysts with Reputation", the 2015 Guangzhou high-level financial talents, the first prize of the topic research award of China Securities Association, and the important research achievement award of Guangzhou financial industry, He and his research team won six awards of "Taurus analyst" in China Securities Journal in 2013. In 2014, an earlier NEEQ research team was established in the industry to create a well-known research brand "NEEQ research geek". Zhao Qiaomin (leader of NEEQ Research Group, deputy chief analyst, and head of high-end equipment industry): Master of International Financial Market, University of Southampton, UK, with 7 years of experience in securities research. With cross industry and overseas research background. He won the second prize of 2008 and 2009 Securities Industry Association. Xiao Chao (Deputy Team Leader of NEEQ Research, Deputy Chief Analyst, Head of Education Industry Research): Master of Delft University of Technology, Netherlands, with 6 years of experience in securities research. In 2013, he was ranked top in the communication industry of "Taurus Analyst" of China Securities Journal, and has unique experience and accumulation in TMT industry development and company research. Wen Chaohui (a researcher in the new three board TMT industry): Master of Nanjing University, with a composite professional background in science and engineering and economics and management, seven years of experience in operator work, four years of experience in market analysis, and good at research in communication, Internet, informatization and other related aspects. Write a series of in-depth reports on big data topics, such as the basic chapter and the industry chapter, focusing on the research of big data industry chain, precision marketing, big data credit reporting and other subdivisions. Wei Yena (Research Fellow of NEEQ TMT Industry): Master of Finance, Bachelor of Remote Sensing and Geographic Information System of Sun Yat sen University, 3 years of experience in software industry, profound understanding and keen observation of computer, communication, Internet and other related fields, joined Guangzhou Securities Hang Seng in 2016, and engaged in research on NEEQ TMT industry. Huang Guan (Research Fellow of NEEQ Education Industry): Master of Finance from Durham University, UK, with a composite background of cross industry and overseas research, responsible for research in the field of education, good at data mining and case analysis. Lin Quan (Research Fellow of New Third Board High end Equipment Industry): Master of Chongqing University, with a composite professional background of mechanical engineering and business management, has accumulated experience in Huawei's supply chain management and aerospace enterprises' lean production and process management projects, and has unique experience in industrial development and enterprise operation. Lu Binbin (NEEQ theme strategy researcher): Master of Finance, Johns Hopkins University, responsible for research in NEEQ market policy and other fields. Contact us: Tel: 020-88832292 Email: lubinbin@gzgzhs.com.cn Netizen comments
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