A: Basic Information of the Company
Corporate Name: Zhongju Xin Technology Co., Ltd.
Stock Code: 688549.SH
Stock Abbreviation: 中巨芯-U
Industry: Electronic Chemicals
Establishment Date: December 25, 2017
Registered Address: No. 20 Hua Yin North Road, West District, Quzhou City, Zhejiang Province
Total Shares: 147.7 million shares
Market Capitalization: 13.492 billion yuan (as of October 25, 2024)
Business Scope: Research and development, production, and sales of electronic wet chemicals, electronic special gases, and precursor materials.
Company Profile: Zhongju Xin Technology Co., Ltd., established in 2017, is a high-tech enterprise focusing on the field of electronic chemical materials. The company is mainly engaged in the research and development, production, and sales of electronic wet chemicals, electronic special gases, and precursor materials. Its products are widely used in the manufacturing processes such as cleaning, etching, and film formation in integrated circuits, display panels, photovoltaic fields, etc. Zhongju Xin Technology, through independent research and development and international cooperation, is committed to becoming a world-class provider of electronic chemical materials.
B: Value Investment Analysis
Key Financial Indicators:
For the first three quarters of 2024, operating income was 749 million yuan, a year-on-year increase of 15.47%; net profit attributable to shareholders of the listed company was 29.73 million yuan, a year-on-year increase of 5.31%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 15.99 million yuan, a year-on-year increase of 123.24%; basic earnings per share were 0.0201 yuan .
Company Investment Value:
As a domestic driver of the localization of electronic chemical materials, Zhongju Xin Technology has a wide range of products covering electronic wet chemicals, electronic special gases, and precursor materials, making it one of the few companies in China that produce these products simultaneously. The company's product richness and broad coverage give it a "platformization" characteristic and a clear market advantage.
The company continues to invest in research and development, has a strong R&D team, and has undertaken several national, provincial, and municipal major scientific research projects, demonstrating its strong technical strength.
Company Growth Potential:
With the rapid development of the electronics industry, especially the rapid growth in the fields of integrated circuits, display panels, and photovoltaics, the demand for electronic chemical materials is increasing day by day. Leveraging its technological accumulation in the field of electronic chemical materials, Zhongju Xin Technology is expected to further increase its market share and achieve rapid growth.
The company is actively deploying in emerging markets, increasing its research and development efforts in functional electronic wet chemicals, which is expected to provide new momentum for the company's long-term development.
Industry Support Policies:
National support policies for the electronic chemical industry, including tax incentives and R&D subsidies, provide a favorable development environment for Zhongju Xin Technology and other companies.
As the country places more emphasis on technological innovation, the introduction of related policies will further promote the development of the electronic chemical industry, providing more market opportunities for Zhongju Xin Technology and other companies.
International Policy Risks:
The uncertainty of the international trade environment may affect the company's export business, but the company has reduced the risk of a single market through a diversified market strategy.
The company needs to pay close attention to changes in the international market, flexibly adjust market strategies, and respond to potential policy risks.
A.Top's Investment Review:
Zhongju Xin Technology, as a company with strong competitiveness in the field of electronic chemical materials, mainly reflects its investment value in its technological innovation capabilities, broad market applications, and national policy support. Although the current net profit growth rate has slowed down, the company's growth potential and market prospects are still worth looking forward to in the long term. Investors should make rational investment decisions by comprehensively considering the company's financial situation, industry development trends, and international policy environment.