The GEM Listing Committee of the Shenzhen Stock Exchange is scheduled to hold the 72nd Listing Committee Review Meeting in 2022 on September 30, 2022 to review Nanjing Beidi New Materials Technology Co., Ltd. (referred to as Beidi New Materials ) initial listing application. Beidi New Material plans to raise approximately 550 million yuan this time and issue no more than 25 million shares, accounting for no less than 25% of the total capital stock after the issuance.
Beidi New Materials was established on November 13, 2008. The company is based on electronic optics, materials science, mechanics and other disciplines, and is engaged in the research and development of functional polymer film materials in the fields of new displays and 5G communications. , production, finishing and sales of national high-tech enterprises. In the field of new displays, the various optical films produced by the company have been widely used in terminal display devices such as LCD TVs, desktop monitors, notebook computers, and vehicle displays; in the field of 5G communications, the company's reserve product, liquid crystal polymer film (LCP), is It is an excellent carrier for high-frequency signal transmission and can be processed into flexible circuit boards (FPC) and widely used in antenna modules of 5G terminal equipment.
Relying on scientific and technological innovation to accelerate the integration of new and old industries
Since its establishment, Beidi New Materials has focused on the research and development, production, finishing and sales of functional polymer membrane materials. , closely following the general trend of development in the display field and 5G communication field, always implementing the innovation-driven development strategy, forming a series of products such as basic optical film, quantum dot film, composite film, etc., and using LCP film as a reserve product. The company uses independently developed high-precision molding technology and key equipment design technology to produce high-yield functional film products, mainly including various types of display optical films. The company's key equipment design technology is reflected in the independently developed optical film finishing equipment design technology, optical film preparation equipment design technology, optical film production auxiliary device design technology, and efficient and environmentally friendly drying equipment design technology. During the molding and cutting process of membrane materials, the most difficult problem to solve is the yield of the finished product. Through innovative research and development of the above-mentioned core technologies, the company has greatly avoided wrinkles and defects in the film production process, thereby achieving the purpose of accurately controlling product size and yield.
In terms of LCP film R&D and preparation, the company adopts the extrusion process route and independently develops high-precision melt extrusion + stretching technology to solve the problem of different tensile strengths in each direction during the LCP film preparation process. Research and develop LCP membrane materials that are ultra-thin and have thickness tolerances that meet market demand. At the same time, the 5G high-frequency transmission LCP film prepared by this process has the characteristics of high temperature resistance, high strength and high modulus, and low dielectric loss, and has important application value in the field of 5G communications. At present, the project has entered the equipment installation and electrical debugging stage. It is expected to complete the debugging of main models of products and customer sample delivery in the second half of 2022.
In recent years, through continuous development, Beidi New Materials has been rated as a national high-tech enterprise, a national specialized and special new small giant enterprise, a private technology enterprise in Jiangsu Province, and a service-oriented manufacturing demonstration enterprise in Jiangsu Province. Enterprise, a unicorn enterprise cultivated in Nanjing, an executive director unit of the LCD Branch of China Optics and Optoelectronics Industry Association, and a member unit of Nanjing Flat Panel Display Industry Association. At the same time, Beidi New Materials has a national postdoctoral research station branch, Jiangsu Province (Beidi) Polymer New Materials Engineering Technology Research Center, Jiangsu Province Functional Polymer Membrane Materials Engineering Research Center and Jiangsu Province Enterprise Technology Center. Through research The construction of the center further enhances the company's R&D strength.
Beidi New Materials has obtained 100 patents, including 33 invention patents and 67 utility model patents. The above patents cover product design, process technology improvement, raw material preparation, production equipment research and development and manufacturing, etc. in all aspects. After years of accumulation, the company has taken the leading position in the industry in terms of business scale, R&D strength and technical level, and has gradually developed into a functional polymer membrane material manufacturer with comprehensive innovation capabilities.
Continuously improve its own advantages, segmenting the market is both an opportunity and a challenge
Beidi New Material's reserve product in the communication film production business is LCP film. LCP film is a high-performance special engineering plastic that can be processed into flexible circuit boards (FPC) to achieve high-speed transmission of high-frequency signals. It is mainly used in antenna modules for smart phones, driverless cars, wearable devices and other products. It has broad applications. market prospects. The company plans to use high-precision melt extrusion + stretching technology and apply film synchronous stretching technology to produce reserve product LCP film.
At present, based on the breakthrough of LCP film making technology, Beidi New Materials has innovatively developed an automated production line applying synchronous stretching technology, which can realize film forming, synchronous stretching and synchronization in one step. Relaxation, compared to the multi-step film formation of the blown film method, greatly reduces the loss during the production process, reduces the defective rate of the product, and effectively controls the unit cost. At the same time, the production line is based on a modular design language, and the latest generation of air circulation system and heat setting synchronous relaxation technology can achieve higher product precision control.
With its complete product categories, high R&D investment and large-scale production model, the company has become an important partner of LCD panel companies and terminal consumer electronics brands. At present, the company has established cooperative relationships with well-known domestic and foreign display panel manufacturers such as BOE, Hisense Group, LG Group, Xixing Group, Xinpu Group, and Ruiyi Group. The end customers of the company's products cover Huawei, Xiaomi, Hisense, TCL, Apple, Microsoft, LG, Sharp and other well-known consumer electronics companies at home and abroad.
According to the prospectus data, from 2019 to 2021, the company’s revenue reached 463.9169 million yuan, 598.5678 million yuan and 842.0287 million yuan respectively, and the net profits reached 25.2288 million yuan, 33.7989 million yuan and 842.0287 million yuan respectively. 46.4812 million yuan. The company's main business income is mainly sales revenue from basic optical films, composite films and quantum dot films. The market share of the company's new display optical film products ranks first in the industry, and the market share of quantum dot film products ranks first in the industry. Ranked among the top three in the country, the industry's influence has further expanded. At the same time, the company’s reserve product LCP film for 5G communications has entered the product sample certification stage.
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