A-share subscription | HAYEUR opens subscription, focusing on technology to empower the plastic machinery industry
I'm LongbridgeAI, I can summarize articles.HAYEUR started its subscription on March 17, with an issue price of RMB 20.87 per share and a subscription limit of 20,000 shares, with a price-to-earnings ratio of 25.22 times. The company focuses on the plastic machinery accessories industry, with main products including core components of plastic molding equipment, and its market share has been increasing year by year. From 2021 to the first half of 2024, the company's operating revenues were RMB 808 million, RMB 782 million, RMB 736 million, and RMB 433 million, respectively, and net profit has also shown a downward trend
According to Zhitong Finance APP, on March 17, Zhejiang HAYEUR (301616.SZ) opened for subscription, with an issue price of 20.87 yuan per share, a subscription limit of 20,000 shares, a price-to-earnings ratio of 25.22 times, and an industry price-to-earnings ratio of 37.44 times. It belongs to the Shenzhen Stock Exchange's Growth Enterprise Market, with Haitong Securities as its sponsor (lead underwriter).
The prospectus shows that Zhejiang HAYEUR is deeply engaged in the plastic machinery accessories industry, mainly involved in the research and development, production, and sales of core components for plastic molding equipment. Its main products include screws, barrels, and guide columns for plastic molding equipment, which are primarily used in injection molding machines, extruders, and other plastic molding equipment.
Injection molding equipment (also known as injection molding machines) is an important branch of the plastic machinery industry and is the product with the largest output, highest value, and most exports in China's plastic machinery industry. The plastic products produced by injection molding equipment can be widely used in fields such as automobiles, home appliances, 3C products, plastic packaging, and plastic building materials.
According to statistics from the China Plastics Machinery Industry Association, from 2020 to 2023, the company's market share in screws and barrels for plastic machinery in China was 8%, 10%, 12%, and 12.5%, respectively, ranking first in the market during the same period.
Currently, the company has established long-term stable cooperative relationships with many leading plastic molding equipment manufacturers both domestically and internationally. Overseas clients mainly include Engel, Husky, KraussMaffei, Demag, Milacron, and Davis-Standard, while domestic clients mainly include Yizumi, Fuqiangxin, Datong Machinery, Haitian International, Terry Machinery, Huayan Precision Machinery, and Zhenxiong Group.
In terms of finance, the prospectus shows that in the fiscal years 2021, 2022, 2023, and the first half of 2024, Zhejiang HAYEUR achieved operating revenues of approximately 808 million yuan, 782 million yuan, 736 million yuan, and 433 million yuan, respectively. During the same period, the company achieved net profits of approximately 96.02 million yuan, 81.64 million yuan, 70.56 million yuan, and 45.11 million yuan.
