Recently, innovative new materials technology co., ltd (innovative new materials, 60036 1. SH), a domestic aluminum alloy processing enterprise, officially changed its name and went public. So today, Bian Xiao is here to sort it out for everyone. Let's take a look!
Steady growth of aluminum alloy faucet
According to public information, innovative new materials was established in 2007, focusing on the research and development of aluminum alloy materials and products, and committed to providing comprehensive solutions for aluminum alloy processing.
Up to now, the company has produced more than 300 aluminum alloy brands with an annual output of over 3.5 million tons, making it one of the largest aluminum alloy material producers in China. Relevant statistics show that the market share of innovative new aluminum alloy round ingots will be 1 1% in 2020, ranking first in China; The market share of aluminum rod cable is nearly 15%, ranking second in China.
In addition to the scale advantage, downstream manufacturers have strict requirements on the industrial precision and product quality of aluminum alloys, and have higher access thresholds in customized design, quality control and supply chain management. Whether we can get high-quality customer recognition and reach stable cooperation is also the key to the development and growth of aluminum alloy processing enterprises such as innovative new materials. Innovative new materials have won good market reputation and accumulated rich customer resources through high-level design and production capacity and efficient response delivery capacity.
Taking 3C market as an example, innovative new material products serve brands such as Apple, Huawei, Lenovo, Xiaomi, OPPO and vivo. After subsequent processing, we have obtained priority opportunities for R&D and mass production of notebook computers, tablet computers, mobile phones, wearable devices and other products. In the automobile market, the company's products have also been favored by well-known brands such as Mercedes-Benz, BMW, Audi and Toyota. In addition, the company is also the core supplier of aluminum bars for SMC, and has reached a cooperation plan with Shi Min Group on the business of international head new energy automobile manufacturers.
Innovative new materials have performed well in recent years with the advantages of industrial scale and customer resources. From 20 19 to 202 1, the company's main business income was 37.948 billion yuan, 4,365.438+27 million yuan and 58.626 billion yuan respectively, with a compound growth rate of 242.9%, and the non-net profit deducted was 383 million yuan, 776 million yuan and 822 million yuan respectively, with a compound growth rate of 4.
Technological innovation to build competitive advantage
As we all know, the leading international 3C electronics manufacturers and car companies are extremely strict with their suppliers, and if their products are slightly defective, they will be kicked out of the supply chain. At the same time, these downstream customers have strict requirements on the industrial precision and product quality of aluminum alloys, and have higher access thresholds in customized design, quality control and supply chain management. Whether we can get high-quality customer recognition and reach stable cooperation is the key to the development of aluminum alloy processing enterprises.
To this end, innovative new materials continue to accumulate technology and technology, through long-term large-scale production practice, constantly reserve technology and technology expertise, give play to the craftsman spirit, meet the rapidly changing and increasingly diversified downstream market demand, and R&D investment continues to grow.
According to the financial data, in 20021year, the R&D investment in innovative new materials was 1.87 billion yuan, a year-on-year increase of 1.552%, which was significantly higher than the industry average.
Thanks to the continuous investment of R&D, the technological advantages of innovative new materials in the industry are increasingly prominent, and many core technologies are at the level of industry advantages. Taking aluminum alloy extrusion technology as an example, innovative new materials are one of the few manufacturers in the industry who have mastered the large-scale production extrusion technology of 7-series materials suitable for anodic oxidation. The surface roughness of the product can be controlled within Rmax8, and the thickness of the coarse crystal layer of the extruded rod is less than 0.5 mm
By the end of April, innovative new materials had obtained more than 500 proprietary technologies and 278 domestic patents, and initiated or participated in the formulation of national standards 18, all of which have been promulgated and implemented.
At present, innovative new materials have formed a whole process system from alloying research and development, casting molding, homogenization heat treatment, extrusion deformation, anodic oxidation surface treatment to deep processing, mastered the R&D and manufacturing capabilities of aluminum alloys of various alloy brands, met the diversification and customization needs of downstream application fields, and vigorously explored the market of high value-added aluminum products.
Broad development space
Although there are many high-quality customers in the field of 3C electronics, the market has different views on the growth of innovative new materials under the background of weak overall growth of consumer electronics market.
In this regard, a well-known investor in Shandong said that although the growth rate of the consumer electronics market has slowed down, the differentiated competition strategy adopted by innovative new materials focuses on the layout of high-tech market segments. High-end products have more requirements and strict standards for surface smoothness, product stability and various physical properties, and the added value of products is higher.
Another thing that can be noticed is that with the increase of the proportion of high-end products, the processing fee per ton of innovative new materials has been increasing in recent years.
From 20 19 to 202 1, the compound annual growth rate of the processing fee of the company's direct selling products reached 13.97%, and the compound annual growth rate of the processing fee of incoming materials reached 5.66%. Among them, the profile products are all high-end products, and the compound annual growth rate of the average processing fee of profiles during this period is as high as 35.92%. In the same period, the company's sales of high-end products of bars and plates increased from 65,438+04% to 65,438+09%, the processing fee income of high-end products increased from 34% to 44%, and the sales of high-end products of plates, strips and foils increased from 39% to 47%.
"The acceleration of automobile lightweight has also given new opportunities to innovate new materials and is expected to become a new growth point for the company in the future." The aforementioned investors further stated.
As an important way of automobile weight reduction, aluminum alloy has the advantages of remarkable weight reduction effect and low cost, especially in new energy vehicles, which has been widely used. According to the national automobile industry plan, by 2025, the domestic consumption of aluminum alloy bicycles is expected to reach 250kg, corresponding to a market space of 336.6 billion, with a compound annual growth rate of 12%.
In addition, the layout of secondary aluminum business is also expected to bring new profit growth points for innovative new materials.
In fact, since 20 17, innovative new materials have cooperated with international 3C electronics manufacturers to recycle 3C aluminum, and have formed a mature technical system in secondary aluminum screening, impurity removal and alloying. The national standard of "Recovered Aluminum" edited by innovative new materials was also promulgated in August 20021year.
China Post Securities pointed out in a recent research report that there are seven recycled aluminum projects planned by innovative new materials in Shandong, and the capacity of recycled aluminum will increase to 2.05 million tons after completion. If the company's secondary aluminum production capacity is fully put into production, the secondary aluminum business will greatly increase the company's profits.