Recently, SZGQ Technology released the first half of 2019 performance report. Data show that the company's operating income exceeded 198 million yuan, a year-on-year increase of 1.75%; the net profit attributable to shareholders of listed companies exceeded 50.41 million yuan, a year-on-year increase of 87.28%. Thanks to the company's long-term accumulation in the field of metamaterials and the rapid growth of its business, the revenue of this segment increased by 134.7% year-on-year.
The industry believes that this also indicates that SZGQ's R & D investment in the field of metamaterials has begun to enter the harvest season. The industrialization and mass production of SZGQ's supermaterial products will continue to bring strong growth momentum for the company.
Metamaterials revenue soars
Many years of R & D investment "monetize"
Compared with the financial reports of SZGQ Technology in recent years, the growth of the metamaterial business has accelerated, especially the proportion of batch production has increased significantly, showing that SZGQ has entered the stage of technology scale implementation on metamaterials. According to the financial report for this period, the revenue share of metamaterial products has reached 27.67%, an increase of 328.7% year-on-year.
These data strongly demonstrate that SZGQ has entered the stage of “mainly focusing on product sales revenue and supplementing research and development revenue” from the previous stage of “mainly focusing on research and development revenue and supplementing product sales revenue”. In the future, as a number of stereotyped products enter the mass production stage, the proportion of product sales revenue will gradually increase.
It is worth mentioning that for nine consecutive years of R & D investment and huge financial support in the field of metamaterials, Guangqi Technology has gained a deep technical reserve. As of now, Guangqi has a total of 5,344 patent applications and 3193 authorized patents. Among them, the total number of patent applications in the field of metamaterials is 3,079, and 1,960 have been authorized. China, the United States, Germany, Britain, France, Spain , Sweden, Japan, South Korea and other countries recognized and protected the intellectual property rights, and realized the construction and layout of the core patent pool of the bottom layer of metamaterials. A large number of technical achievements have established the company's long-term stable competitive advantage and moat in the future.
An analyst in the cutting-edge equipment industry pointed out that Guangqi's next-generation metamaterial technology is innovative across generations, and its successful research and development and mass production are of great significance to the intelligent upgrade of China's cutting-edge equipment. At the same time, the technological breakthroughs achieved by Guangqi will also bring broad development space for the entire metamaterials industry. For Guangqi, the company has entered a stage of enjoying innovation dividends. This is entirely due to Guangqi's continuous R & D investment in the field of metamaterials in the past years.
Large increase in orders
Continuous release of capacity
As the founder and pioneer of China's metamaterials industry, Guangqi's investment in the field of metamaterials has important strategic significance for the intelligentization of cutting-edge equipment and the upgrading of the defense industry. With the successful development of Guangqi's early R & D and the mass production capacity, Guangqi has continuously received orders from large-scale military customers since this year. Guangqi Super Material has ushered in a large-scale harvest season.
The announcement shows that since January this year, Guangqi Technology has issued a total of six order contracts, and the total order has reached 135 million yuan. Ongoing "repurchase" orders, on the one hand, show that Guangqi Chao material products have excellent quality, have been recognized by military customers and have withstood rigorous inspections; on the other hand, it has also proven the company's advanced metamaterial structure products Ability to mass produce in the equipment field.
In fact, just after the Spring Festival this year, SZGQ Technology ’s metamaterials smart factory in Guanlan, Shenzhen is already operating at full capacity. This intelligent factory with the world's first metamaterial production line has the annual production capacity of 150,000 square meters of metamaterials and 2,000 composite metamaterial products, covering the full range of functional materials from development and verification to trial production and mass production. Process, and equipped with a full set of precision equipment that meets high-performance, high-standard composite metamaterials, undertakes the development and delivery of a variety of cutting-edge equipment. And this cannot meet the huge order volume brought by the scale of metamaterial products.
According to SZGQ Technology's semi-annual report, the Guangqi Shunde Industrial Base project has been launched, which will be used to expand the supply of cutting-edge equipment for existing metamaterials and increase the response speed of market demand. In the near future, with the further release of production capacity, the profit margin of SZGQ Technology is expected to continue to grow.