Listed On The Shanghai Stock Exchange'S Main Board, Yue Jian'S Intelligence Has Landed In The Capital Market And Strides Across The New Pace Of Development.

In April 15th, Zhejiang Yue sword intelligent equipment Limited by Share Ltd (Yue sword intelligence, 603095) Listed on the main board of the Shanghai Stock Exchange. The number of shares issued is 33 million shares, accounting for 25% of the total shares of the company, and the sponsor is the Zhejiang Merchants Securities Limited by Share Ltd.

"Yue Jian intelligence" issue price of 26.16 yuan, opening price of 31.39 yuan / share, after opening, the grid second rose 44%, to 37.67 yuan / share, officially launched the landing capital market to achieve a new leap forward development.

Prospectus data show that in 2017 ~2019, the operating income of Yue sword was 919 million yuan, 986 million yuan and 1 billion 18 million yuan respectively. After deducting non recurring gains and losses, the net profit attributable to the owners of the parent company was 151 million yuan, 155 million yuan and 150 million yuan respectively. The R & D expenses were 37 million 224 thousand yuan, 35 million 393 thousand and 200 yuan and 45 million 500 thousand and 400 yuan respectively, accounting for 4.05%, 3.59% and 4.47% respectively.

Yue Jian intelligence was founded in April 7, 2000. Its main business is research, production and sales of textile machinery and equipment. Through years of development and technology accumulation, the company's high-speed computer loom, multi-function air wrapped wire machine, high-speed warp knitting machine, high-speed towel rapier loom and other textile machinery and equipment, have been in the domestic textile machinery manufacturing industry leading technology level, and gradually reduced the gap with the world's most advanced technology vendors. The company's production and sale of bomb loader are independently designed and developed by the company. According to the statistics of China's Textile Machinery Association for the same trade companies in China, the sales volume and market share of the main products of Yue Jian intelligence in ~2018 were ranked first in the country in 2015.

The sales scope of the company's products is mainly for Zhejiang, Jiangsu, Fujian and Guangdong, which are more developed in the textile industry, and a small number are exported to Egypt, Turkey, India, Indonesia and other countries. "Warp knitting machine is the key development product of the company in the future. On the basis of digesting and absorbing the manufacturing technology and design concept of foreign warp knitting machines, the company has developed a new generation warp knitting machine with independent intellectual property rights, which has made great contributions to the realization of broadening and high-speed manufacturing of domestic warp knitting machines. Yue Jian intelligence related person in charge said.

With more than 30 years of manufacturing history of textile equipment, Yue Jian intelligence is a key backbone enterprise in China's textile machinery industry. It has participated in drafting many national and industrial standards in the textile industry.   The company has a total of more than 90 patents, including 14 invention patents, with independent intellectual property rights, and 34 software copyrights. It has the ability to independently design, develop and produce textile machinery and equipment. In 2019, The company is listed as the "key textile enterprise in China in 2019, which is expected to be listed" in the year of ~2020. The products have made up for the shortage of domestic engineering equipment and replaced imports. They belong to the key areas of the 13th Five-Year plan and the outline of scientific and technological progress for the textile industry to encourage development.

Prospectus shows that the company raised funds to invest in intelligent textile machinery production base and research institute construction projects, marketing network construction projects and annual production of 500 intelligent cloth inspection machine three major projects.