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Leading supplier of RF coaxial cable
Jinxin Nuo is mainly engaged in the research, development, production and sales of high-end RF coaxial cables. At present, the company is one of the middle and high-end RF coaxial cable manufacturers with the most complete varieties, the largest semi-flexible RF coaxial series products and strong brand influence in China. The leading products involve semi-flexible cables, low-loss cables, phase-stabilized cables, military standard series cables, semi-rigid cables, corrugated cables and so on. , widely used in mobile communication, microwave communication, radio and television, tunnel communication and other fields.
The company's old customers include the most important enterprises in the mobile communication and military fields, including Ericsson, Belden, Amphenol, China Mobile, Huawei, ZTE and other famous companies at home and abroad, as well as many military units. The market share of the company's products is among the best. In addition, the company is one of the few domestic manufacturers that can replace imported high-end stable phase cables.
In 20 10, the company realized an operating income of 5 10/00000 yuan and a net profit of 56.26 million yuan, and the compound growth rate in 2008-20 10 reached 29% and 26.3% respectively.
The development prospect of RF coaxial cable is broad.
RF coaxial cable is mainly used to transmit high frequency signals. With the rapid development of China's information industry, aerospace and national defense industry, RF coaxial cable industry will have broad development prospects. It is estimated that the compound growth rate of the market will reach 17% in the next three years, and the market capacity of China RF coaxial cable will reach 39.63 billion yuan by 20 13. The insiders believe that with the development of the wire and cable industry and the maturity of the market, the industrial concentration of the wire and cable industry will gradually increase, and enterprises with brand and technical advantages like Jin Xin will benefit first, and their market share will gradually increase.
The company's competitive advantage is mainly reflected in the following four aspects. First, the product line layout is perfect. The company's products cover all aspects of the high-end RF coaxial cable industry and are in a leading position in the field of semi-flexibility and low loss; Second, continuous leading technical strength and independent innovation ability. At present, the company has obtained four invention patents, and another 1 invention patent application has been accepted, and five international industry standards have been drafted, and a number of proprietary technologies have been accumulated in terms of production technology and material formula. Third, the advanced "one-stop" procurement and "full design service" sales model. At present, the company's leading products cover multiple series, and it is one of the enterprises with the most complete varieties of RF coaxial cables in China, which can meet the "one-stop" procurement needs of different customers. At the same time, the company meets the personalized needs of customers through personalized research and development, design and service, thus establishing long-term cooperative relations with customers; Fourth, the advantages of overseas layout are outstanding. The company is not only in a leading position in China, but also performs well in overseas markets. Ericsson was once one of the company's biggest customers. With the acceleration of global communication construction, the company's overseas income is expected to continue to increase.
Raise funds to increase production capacity and improve product structure
The company plans to issue 27 million RMB ordinary shares in this IPO. It is intended to be used for semi-flexible RF coaxial cable expansion project, low-loss KSR series RF coaxial cable expansion project, RF cable R&D center construction project, stable phase information transmission device expansion project, miniature coaxial transmission device production project and other working capital related to the main business. After the completion of this fund-raising investment project, the company's annual production capacity of semi-flexible cable, low-loss cable, stable phase cable and micro-cable is 20,000 km, 40,000 km, 6,543.8+0,000 sets and 6,543.8+0.3 million sets respectively. The expansion of production capacity will help the company give full play to its market, technology and brand advantages, and improve its domestic market share and international competitiveness.
The industry believes that the company has been deeply involved in the field of RF cables for many years, occupying the first-Mover advantage of technology, brand and customers. The raised funds are mainly used to expand production capacity, which is expected to further enhance the company's market share.