Section III Business Summary
I. In the report period, the Company engaged in the principal business
Whether companies need to comply with the disclosure requirements of specific industries
No
(A) Main business
The company is specialized in new materials research and development, design, production, sales as one of the national high-tech enterprises, the main products include new energy, source auto parts, consumer electronics structure, the liquid metal products, high-end led Curtain wall and industrial parts, such as mold, is a national industrial policy Drums Lai products. Our products are mainly efficient, environmentally friendly die-casting and post-processing technology, high technology content and added value, the main products water technology ping is an industry-leading level. Companies with complete industrial chain, leading technology and strict quality system certification, after more than twenty years development of new materials has become a company with strong growth potential, formed a well-known domestic and international customers rely on to critical core technology operation for the protection, sophisticated new materials, product-oriented development pattern. During the reporting period, the company's main business income mainly for new energy vehicles, parts and parts, consumer electronic structure, silicone, industrial parts, liquid metal, high led Sales of products such as curtain walls and mold.
During the reporting period, the company's main business has not changed substantially.
(ii) business model
1 , Procurement
The company has set up a special department responsible for the procurement of raw materials resources, materials, and other supplies, all kinds of raw materials needed for production, materials, According to the production plan by the company operate according to company quality standards and requirements of the organization purchase orders on their own. The company is the supplier of choice Have a certain reputation, supply guaranteed quality, reasonable price, timely delivery business.
To ensure the quality of purchased materials, standardize purchasing behavior, the company developed a comprehensive materials procurement and management rules and regulations and strictly the "procurement control procedures",
"vendor control procedures",
"warehouse management control procedures",
"feed testing control procedures",
respectively, regulation given the approval of the decision-making process material procurement company, procurement, resource sector responsibilities, procurement of materials acceptance procedures, and according to the company Inter timely revision.
2 Production mode
After the company's main products through sales orders passed to the Ministry of Planning, the Ministry plans to release a production plan to the production department, production department according Seeking to develop mold, and production samples, confirmed by the customer. After the customer to confirm compliance, the company began trial production after trial production, product breaks
Close customer requirements to begin mass production. In the course of each step processed products, the company's product quality inspection personnel, product testing combined grid behind to be shipped. Our products are mainly production process is as follows:
Customer Orders ? Mold Design ? Mold Manufacturing ? Melting ? Die Casting ?Casting process burr burr ? CNC Machining ? Surface treatment ? Painting ? Packaging and storage.
To ensure the orderly conduct production process, the company developed a
"production planning and control procedures",
"production process control procedures",
"Process Inspection control procedures ",
" APQP Control procedures "
and other related systems.
3 Sales model
Sales order production model is based on direct sales model, that is based on customer orders, the organization has product development, mold design and manufacturing service, so the sales force focused on the production front, passing through the company's existing production scale, performance and product quality to customers and more kind of information, access to customer orders.
The company established a perfect sales service management system, including
"market development control procedures",
"order review and control procedures",
"passengers user complaints / return control procedures ",
" Customer satisfaction management control procedures ".
During the reporting period, the company's business model was no significant change.
(C) reporting on the performance of drivers
During the reporting period, company management to actively implement 2017 main annual business plan, active use of its technological advantages, in the consolidation of existing share market on the basis of the customer base, continue close to the market, close to the customer's development strategy, strengthen technological innovation, optimize the distribution chain; Innovative marketing idea, the depth of excavation famous customers; the company continued to improve management and control system, to promote the optimization and improvement of internal processes; Volume system, strengthening quality management of the entire process. At 2017 mid year, the company achieved operating income of 353.1773 million, 47.24% increase over the previous year; attributable to shareholders of listed companies net profit of 21.0524 million, increase of 53.77% over the previous year.
Second, the main assets of major changes
1 The main assets of major changes
The main assets
Major changes show
Equity Assets
No significant change in the current period
Fixed assets
No significant change in the current period
Intangible assets
Increase over the beginning of the end 48.74% Mainly the company's current acquisition of common control due to the increase of intangible assets Ou Pute
Construction in progress
Increase over the beginning of the end 35.65% Mainly the company's current infrastructure projects and equipment to be installed in construction due to increased acceptance
Prepayments
Increase over the beginning of the end 138.80% The main supplier is the company's current prepaid payment due to the increase
Interest receivable
Reduction over the beginning of the end 87.59% The main issue is the company recover the initial interest receivable due
Goodwill
Increase over the beginning of the end 152,947.49% Mainly the company's current acquisition of common control Oupu Te increase in goodwill due to the merger
Deferred tax assets
Increase over the beginning of the end 90.36% Mainly the company's current tax law the recognition of deferred tax assets
Other non-current assets
Increase over the beginning of the end 69.91% The main advance procurement of equipment is the company's current models due to the increase
2 The main foreign assets
? Applicable v Not applicable
Third, the core competitive analysis
Whether companies need to comply with the disclosure requirements of specific industries
No
(A) R&D and technology
1, intellectual property rights
The company continued to strengthen research and innovation efforts, during the reporting period and achieved 18 patents. As of the reporting period, the company has accumulated patents 68, 13 which invention patents, utility model patents 54, a design patents, innovation into a dominance step highlighted.
During the reporting period the company acquired 18 patents details are as follows.
No. patent name
Patent No
Filing date
Patent type
1 An amorphous alloy member cast molding apparatus and process
201,310,639,470.8
November 30, 2013
invention
2 An amorphous alloy having antibacterial function
201,510,710,856.2
October 28, 2015
invention
3 Amorphous alloy and its preparation method and application of a wear-resistant and corrosion of 201,510,690,359.0
October 21, 2015
invention
4 one kind of cell phone stamping dies
201,620,791,793.8
July 26, 2016
utility model
5 one kind of mold sand
201,620,795,191.X
Jul 26, 2016
utility model
6 Die casting one kind of element 6 phone
201,620,896,546.4
August 17, 2016
utility model
7 one kind of magnesium alloy phone holder casting mold
201,620,903,120.7
August 18, 2016
utility model
8 One kind of phone wire 8 plate casting mold
201,620,903,118.X
Aug 18, 2016
utility model
9 Large thin-walled mold
201,620,712,158.6
July 6, 2016
Utility Model
10 Bottom shell of casting a blank
201,620,815,219.1
July 28, 2016
utility model
11 Industrial heat sink base plate with the jig NC
201,620,809,483.4
July 28, 2016
utility model
12 Multifunctional measuring jig
201,620,814,835.5
July 28, 2016
utility model
13 pieces of mobile phones universal die mold
201,620,809,484.9
July 28, 2016 utility model
14 Automatic power distribution box housing dental work jig
201,620,846,852.7
August 4, 2016
utility model
15 A magnesium alloy casing notebook
201,620,913,691.9
August 22, 2016
utility model
16 an ultra-laptop book magnesium alloy casing
201,621,044,116.6
September 8, 2016
utility model
17 One kind of a mobile phone in block CNC jig
201,621,057,316.5
September 18, 2016
utility model
18 One kind of casting mold
201,621,107,074.6
September 30, 2016
utility model
2, the core technology leader
(1) new energy auto parts
In today's society, and the car has been everyone's lives, but also a key strength of domestic and foreign competition in science and technology. For environmental protection, consider saving and lightweight vehicles, the development of new energy vehicles has become the consensus of the world, including China. April 2017, in order to promote into the development of new energy vehicles, the Chinese government promulgated the basis of a number of industry guidelines and policies on the introduction of the "automobile industry inform long-term development plan, "clearly accelerate the new energy vehicle technology development and industrialization, increase the promotion of new energy vehicles. In various countries under support for training policy support, China's new energy auto industry has entered a stage of rapid development, technology and market maturity of continuously improve, key components supporting capacity also increased dramatically. According to the China Automotive Industry Association data show that the first half of 2017, new energy automobile production and sales Do as 212,000 and 195,000, an increase of 19.7% and 14.4%, automotive lightweight trends and new energy automobile production and sales growth effectively pulling a magnesium alloy automotive growth in market demand for new materials manufacturing enterprises created a good opportunity for development. Long-term commitment to the development of new energy automotive lightweight new materials, new energy technology in automotive lightweight new materials, production, on-site projecting management capability, leading research in the mold design, new material technology, research and development in areas such as surface treatment, with a strong fine Eon production capacity and complete industrial chain advantage, is the only liquid metal used in the automotive industry companies. Increase in automotive lightweight Magnesium alloy, magnesium alloy, and a thin application of amorphous material, precision die casting technique, precision CNC machining technology ensures automotive products stability and precision, can meet different customer needs for product features and prices, and achieve common development with the company's customers. New energy steam Car field with high barriers in terms of qualification and management, the company on the basis of production management and technology has improved continuously, based on further increase strong new energy automotive lightweight new materials and sales promotion, the company as a supplier has entered Tesla, Harman, Desay Auto, Alpine, AW EUROPE, BYD, Geely, Wei Rui and other well-known domestic and foreign customer's supply chain.
(2) the liquid metal
Liquid metal with high strength, high hardness, high gloss, corrosion resistance, abrasion resistance, and once completed thin, complex forming components superior performance, is one of the few with the world's leading level, in line with new varieties of materials "Made in China 2025" direction, strategic stronger, its products with strong market competitiveness. Liquid metal coming era is accelerated, as a new high-performance materials, has formed a liquid metal suitable for multiple applications, to show a more complete system liquid metal material properties of different applications, the future of new energy automotive, consumer electronic products in products, efficient catalytic sewage treatment, sports equipment, precious metals, luxury, high-end medical equipment, aerospace and other fields will be widely used. The company has more than 20 years of experience in research and development of new materials, molds, preparation machinery, molding and manufacturing, new materials and advanced production Mature production technology and complete industrial chain, not only in terms of small pieces of molding products become more sophisticated, but also have a large piece of molded products can force. The company conducted earlier as the industry liquid metal R&D enterprise, has the world's largest production Zr-based amorphous alloy production line, from material manufacturing capacity refining material, mold manufacturing, precision machining, and production of the amorphous alloy surface treatment equipment. Application of company bulk amorphous alloy research and industrial transformation has been achieved industry leadership in terms of alloy composition, molding and technical equipment all have core independent intellectual property rights the key technology, especially that large pieces of molding company, with core strengths on key technical and technological difficulties and other surface treatments, successful development and the production of large shaped bulk amorphous products. The company in addition to the liquid metal material used in the new energy automotive, consumer electronics and other fields, the robot and smart manufacturing also applied.
(3) the magnesium alloy for medical
Magnesium alloy is preferably human bone biomechanical compatibility with a metal material (magnesium alloy density of about 1.74g/cm3, human bone density of about 1.7g/cm3). An elastic modulus of about 45 GPa for the magnesium alloy, is also close to the human skeleton (10 ~ 40GPa), can effectively avoid the "stress shielding effect shall ", released in a magnesium alloy body of magnesium ions can also promote the proliferation and differentiation of osteoblasts, promote bone growth and healing for magnesium alloys as a new medical implants, as the patient continues to heal slowly degraded in the human body automatically, not only eliminates the secondary patient's heart surgery management and physical pain, but also greatly reduce the economic burden of patients, it is called "revolutionary Metallic Biomaterials", promising to replace part of traditional medicine and the like stainless steel or titanium material.
Company medical biodegradable magnesium alloy project as an important direction of development of the company, its research and development team "biodegradable magnesium alloy and phase off implant innovative research and development team, "the introduction of Guangdong Province, the second batch of innovative research teams. The company" Guangdong Province, the second batch of "Guangdong Provincial Academy of Sciences expert workstation", "medical magnesium alloy industry technology innovation strategic alliance", "biodegradable magnesium implants clinical translational innovation Strategic alliances "for the development platform, and actively promote the biodegradable magnesium bone implants work preclinical converted in the surgical field. The company is a company in
Bio-medical materials business areas with core competitiveness, is a medical magnesium alloy industrial technology innovation alliance chairman of the unit, is leading the industry standards, clinical and industrial pioneer, biodegradable magnesium alloy for medical scientific research and industrial capacity of a solid, extremely Research Cluster advantages, industry influence and strong.
April 2017, China Food and Drug Administration on the company degradable fixing screws for approval of clinical trials within the bone magnesium convened a Technical Application Review expert consultation. May 2017, the company received issued under the State Administration of Food and Drug Administration Medical Device Evaluation, Center-related Biodegradable Magnesium bone fixation screws project review of clinical trials of registration application for supplementary information notice. Company in accordance with the above-mentioned notice actively Reply material, as of now, the company has prepared a lot of additional information and technical review and the State Administration of Food and Drug Administration Medical Device Center on-site counseling, group counseling teacher certainly part of our response, but also made some changes to additional recommendations.
3, deep technical strength
R&D and innovation is the source for the company, the company since its inception continues to accelerate the pace of technological innovation, and vigorously develop new technology, new production Product research and development. The company has R&D and innovation of specialized departments, through the introduction of external and internal training combining the formation of a high level of professional and technical R&D team, the company independent research and development products and technology. The company established a technical research
"light alloy project in Guangdong Study and development centers ",
" Provincial Enterprise Technology Center ",
" Guangdong Provincial Academy of Sciences expert workstation ",
" Guangdong Provincial Key Laboratory of enterprise ",
" National Post-doctoral research station ",
" International Science and Technology Cooperation Base ",
" Eon Technology - Chinese Academy of Sciences study of amorphous metal material joint laboratory "
and other research institutions. In insist on technological R&D and innovation, while relying on its own technology, the company and the Chinese Academy of Sciences Institute of metal and other public
More well-known research institutions to establish "research" partnership, committed to the liquid metal materials, automotive lightweight construction, magnesium alloy and medical materials research and development equipment, to further enhance the company's competitive advantage in the field of new materials. To safeguard the stability of the core R&D team, the company implemented the first phase and second phases of the stock option incentive plan, and integrated core technology R&D staff incentives range.
(ii) production
1, the company has more than 100 advanced features magnesium alloy die-casting machine, a full range of high-end instrumentation. After absorption of advanced technologies and multi years of experience, the company has mold design and development, die-casting, finishing, surface treatment, complete vertical painting, testing, packaging, etc. The integration of production capacity and technical reserves, in all aspects of production and related technologies to solve many common key technologies in the industry, capable of providing customers with one-stop service, not only to ensure product quality, and can greatly reduce the cumbersome nature of the customer by processing multiple vendors, to promote the development of the industry played an important role.
2, the company's long-term focus on the development of lightweight magnesium alloy precision die casting aluminum alloy, design, production and sales, domestic precision die casting technology
Leading, rich production management experience, with a strong lean manufacturing capacity and supply chain management capabilities. The company has more than 100 aluminum-magnesium alloy die casting machines, which has the country's largest aluminum-magnesium alloy die-casting machine of 4000T, 650T import more than one Toshiba laptop case for the die casting machine dedicated, both machines
Automatic pick-human means, not only highly efficient and stable performance, high casting yield; CNC machining machine imported from Japan more than 300 units, of which 100 multiple dedicated to the notebook shell; have a high level PC for automatic dust-free injection workshop and assembly workshop.
The company is committed to research and development and production of thin-walled aluminum-magnesium alloy, with a large 27-inch magnesium alloy wall thickness of 1.2mm and a 14-inch laptop The wall thickness of 0.45mm production performance, to become the industry leader. In addition, the company has the ability to analyze dynamic casting mold, thin-walled heat shaping process and a high-gloss surface coating process, in a large die-casting mold injection molding industry-leading technology.
3, the company has the industry's most advanced quality assurance testing equipment and a large central support services, with complete precision die casting products seized measurement capability, can provide customers with accurate product, multi-functional testing services and testing services. The company passed through the product development and design, supply chain aspects of production management and after-sales service and so the whole process quality control system to ensure product quality. The company passed the ISO9001: 2015, IATF16949:2016, ISO14001: 2004 quality management system certification. The company's products in the form of new energy automotive, consumer electronics, and other industries liquid metal. It became a good brand, and establish a good corporate image.
(iii) marketing
Companies pay attention to the marketing team building, now has an excellent and stable marketing team, and with the development of the company's business, constantly absorbing the excellent talent show to expand the marketing team. After 20 years of development, the company and many well-known domestic and foreign customers to establish a stable and cooperative relationship, The company's long-term development to provide a favorable environment protection. Companies continue to enhance the quality of the marketing team, the introduction of advanced camp in line with market Marketing system, enhance the company's overall marketing capabilities. The company's rapid market response capability has created favorable conditions for the company to get more high orders.
China is the world's production base in a variety of industries, especially automotive parts, consumer electronics, tool fixture, audio, sporting goods, medical equipment and so, by constantly providing quality products for the automotive, consumer electronics, liquid metals industry customers, quickly won the majority of well-known products at home and abroad brand customers trust and support. The company is "green die-casting" concept advocates and pioneer, has a relatively large influence in the industry.
(iv) management team and talent
The company has a core management team of elite professional stability, cohesion and capital operation ability, it can be combined with the development trend of the industry and new materials market demand, continue to introduce new products to meet customer needs and provide targeted services to rich, secure the company's competitive position in the industry.
The company attaches great importance to the talent system, on the one hand to improve the professional skills of employees through comprehensive training system, a wealth of training courses and comprehensive ability; on the other hand by establishing a performance reward system, the implementation of a variety of incentives such as equity incentive plan, the introduction of the company culture fit talents, give full play to the positive initiative and enthusiasm of the team, key employees to enhance the sense of belonging, enhance the company's core competitiveness force. May 2017, the company completed the second phase of the stock option incentive plan in question reservation awarded 15 middle management and core technology (business) Staff 630 000 copies of the registration of stock options.
As of the reporting period, the company's core competitiveness and core technical team or key technical personnel (non-directors, supervisors and senior executives) did not significant changes, due to equipment or technology upgrades, the core technical staff to resign, franchise lost as a result of the company's core had happened competitiveness severely affected by the situation.
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