A: Basic Information of the Company
Company Full Name: Shenzhen Jdd Tech New Material Co., Ltd.
Stock Code: 301538
Stock Abbreviation: Jdd Tech
Region: Guangdong Province, Shenzhen City
Industry: Rubber and Plastic Products Industry
Establishment Date: September 8, 2004
Issue Price: 55.82 CNY/share
Founders: Yang Fengkai, Yang Qiaoyun
Company Website: http://www.jddtech.com.cn
Registered Address: Building 2, E District, Minzhu Western Industrial Park, Shajing Street, Bao'an District, Shenzhen, Guangdong Province
Total Share Capital: 56 million shares
Market Capitalization: 8.56 billion CNY (as of October 26, 2024)
Business Scope: Design, research and development, production, and sales of polymer-modified protective materials
Company Profile: Jdd Tech, established on September 8, 2004, is a high-tech enterprise focusing on the design, research and development, production, and sales of polymer-modified protective materials. The company's main products include functional protective tubes and functional monofilaments, which are widely used in various fields such as automotive, engineering machinery, rail transit, and communication electronics. The company's products are known for their good heat resistance, UV resistance, flame retardancy, and chemical corrosion resistance, providing safety protection for wire harness systems and fluid pipelines in various fields. After nearly two decades of technical accumulation, the company has formed its own core technical advantages in product design, development, verification, manufacturing, and other aspects, meeting customers' diversified customization needs and forming strong market competitiveness.
B: Value Investment Analysis
Key Financial Indicators:
Revenue: 1.813 billion CNY for the period of January-September 2024, a year-on-year increase of 22.95%.
Net Profit: 196 million CNY for the period of January-September 2024, a year-on-year increase of 4.51%.
Market Capitalization: 8.56 billion CNY (as of October 26, 2024).
PE (TTM): According to the data from Eastmoney, Jdd Tech's PE (TTM) is 29.06, and the price-to-book ratio is 4.19.
Company Investment Value:
Jdd Tech, as a leading enterprise in the field of polymer-modified protective materials, demonstrates a high investment value with its advantages in the research and development, production, and sales of functional protective tubes and functional monofilaments. The company's products have entered the supply chains of well-known automotive manufacturers such as SAIC General Motors, Dongfeng Honda, GAC Honda, Dongfeng Nissan, Changan Automobile, Great Wall Motor, BYD, NIO, XPeng, and Li Auto, as well as engineering machinery manufacturers such as Caterpillar and Sany, and communication electronics manufacturers such as Molex and Tefa Information, showing the market recognition and brand influence of its products.
Company Growth Potential:
The growth potential of Jdd Tech is mainly reflected in the following aspects:
Technological Innovation: The company has a deep technical accumulation in the field of polymer-modified protective materials and continuously launches new products to meet market demands.
Market Demand: With the rapid development of industries such as automotive, engineering machinery, rail transit, and communication electronics, the demand for high-performance protective materials is increasing, providing a broad market space for the company.
Industrial Chain Integration: The company has built an integrated upstream and downstream film material industry strategy, laying a solid foundation for the sustainable development of the business.
Industry Support Policies:
National support policies for strategic emerging industries such as new materials and high-end equipment manufacturing provide a favorable external environment for Jdd Tech. With the development of related industries, it will further promote the growth of the polymer-modified protective materials industry, bringing more development opportunities for the company.
International Policy Risks:
Jdd Tech may face risks such as changes in trade policies and exchange rate fluctuations in the process of internationalization. The company needs to closely monitor international market dynamics and flexibly adjust market strategies to cope with potential policy risks.
A.Top's Investment Review:
Jdd Tech, as a leading enterprise in the field of polymer-modified protective materials, shows strong investment value and growth potential due to its technological strength, market prospects, and industrial chain integration. However, the company may also face certain policy risks in the process of internationalization. Investors should comprehensively consider the company's technical capabilities, market prospects, and potential risks when considering investing in Jdd Tech, and make rational investment decisions.