A new Chinese Air Compressor Company – Dong Ya Machinery Landed on the Stock Market

Morning news from Chengdu Pudding Mechatronic Co.(an online big distributor for selling air compressors, spare parts and woodworking tools abroad) reports: On July 20, Xiamen East Asia Machinery Industry Co., Ltd. (hereinafter referred to as “East Asia Machinery”) was listed on the ChiNext of the Shenzhen Stock Exchange, officially embracing the 2021 capital market. The stock price rose by 215.82% at midday closing to close at 16.77 yuan per share, with a market value of 6.354 billion yuan. The sponsor is CITIC Securities. This is the second A-share listed company in Xiamen in 2021. Up to now, the number of A-share listed companies in Xiamen has reached 61.

After deducting the issuance costs, the funds raised from the issuance will be invested in the following projects in accordance with the priority of project implementation:

As the saying goes, “The age of thirty means mature and indepence.” Thirty years old means being vigorous and energetic; it also means the opening of a new stage and the development of a new situation.

After 30 years of hard work in the air compressor industry, Dong Ya Machinery, established in 1991, focuses on providing energy-saving, high-efficiency and stable aerodynamics. It is based on independent research and development, design and production of compressor mainframes, and performs air compressor integration A comprehensive compressed air system solution provider for R&D, production and sales of machines and supporting equipment. The company’s main products are the “Jaguar JAGUAR” air compressor series and related supporting equipment, including more than 300 models of screw air compressors, piston air compressors and supporting equipment. The products are widely used in equipment manufacturing, automobiles, metallurgy, Power, electronics, medical, textile and other industrial fields.
Dongya Machinery is a high-tech enterprise and an enterprise technology center in Fujian Province. It is also one of the few domestic manufacturers that master the core technology of screw air compressors.

With continuous development, Dongya Machinery takes the lead in the field of air compressors
With the continuous improvement of China’s industrial level and the increasing prosperity of commodity trade in various industries, the total demand for air compressor equipment is gradually increasing, and the industry market scale is expanding year by year.

Air compressor is mainly used to provide air power. It is the basic power product of industrial modernization and automation. It is one of the indispensable equipment in industrial activities. It is widely used in equipment manufacturing, automobiles, metallurgy, electric power, electronics, medical treatment, textiles, etc. Industrial field. When it comes to air compressors, you may be relatively unfamiliar, but if you describe common application scenarios, you will suddenly realize. The application of the air compressor is shown in the following figure:

According to statistics, the power consumption of air compressors accounts for about 15% of the total power consumption of large-scale industrial equipment (such as fans, pumps, boilers, etc.), and about 9% of the country’s total power generation. As a key energy-consuming equipment in the industrial field, air compressors have an important impact on the realization of industrial energy-saving goals.

my country’s economic development goals are shifting from high-speed growth to high-quality growth. It is necessary to strengthen industrial energy-saving management and continuously improve energy efficiency in order to promote green and low-carbon circular development. Dongya Machinery is accumulating the momentum to continuously improve the energy efficiency technology of the permanent magnet screw machine industry by relying on the concept of continuous development, and takes the lead in the field of air compressors. Since the compressor was included in the “Energy Efficiency Star” selection by the Ministry of Industry and Information Technology in 2013, the company’s products have been selected for many times in the “Energy Efficiency Star Product Catalog” of the Ministry of Industry and Information Technology with its leading energy efficiency level of “Better than Energy Efficiency Class One”, and a total of 6 models have been selected. , The number of selected models ranked second in the industry; from 2017 to 2019, the company’s products were selected for three consecutive years in the Ministry of Industry and Information Technology’s “Recommended Catalogue of National Industrial Energy-saving Technology and Equipment” for their excellent energy efficiency. A total of 24 models were selected, and the number of selected products ranked first in the industry two.

Dongya Machinery has won the first batch of manufacturing individual championships in Fujian Province. With the continuous technological innovation, excellent product performance, strict quality control and perfect marketing network and other advantages, the company’s “Jaguar JAGUAR” brand has been widely recognized by the market. “Jaguar JAGUAR” has been awarded as Fujian Famous Brand, Fujian Famous Brand Product, Xiamen High-quality Brand, etc.; “Jaguar JAGUAR” brand has become a well-known brand in the industry, and its end users include CRRC, BYD, Gold Cabinet and many other well-known enterprises.

In recent years, with the improvement of product efficiency and the innovation of its own technology, Dongya Machinery’s operating income has remained stable, but its net profit has increased slightly. From 2017 to 2019, the operating income of East Asia Machinery was 592 million yuan, 577 million yuan, and 606 million yuan, respectively. The net profit was 99,614,400 yuan, 94,577,600 yuan, and 85,239,600 yuan, respectively.

03. The company has only one natural person shareholder, and the shareholding structure is concentrated
Before this issuance, the company had 5 shareholders in total, and their shareholding status and the nature of their shareholding are as follows:

According to the “Receipt for the Record of Change of Foreign-Invested Enterprises” issued by the Xiamen Municipal Bureau of Commerce on November 8, 2019 (No.: Xiamen Commercial Foreign Investment Co., Ltd. 201900165), the issuer is a joint-stock company, of which Han Yinghuan and Pacific Jaguar are foreign shareholders. Before the issuance, the company had only one natural person shareholder: Chairman Han Yinghuan.

Among the issuer’s shareholders, Han Yinghuan holds 60% of Pacific Jaguar’s equity through Pacific Goal, is the actual controller of Pacific Jaguar, and has a concerted relationship with Pacific Jaguar. At the same time, Han Yinghuan and other natural person shareholders Han Wenhao, Luo Xiuying, Han Wenhan and Han Wenxin after the penetration of Pacific Jaguar are direct relatives.

As of the date of signing of the prospectus, Han Yinghuan directly held 63.59% of Dongya Machinery’s equity, Han Yinghuan, Han Wenhao, and Luo Xiuying indirectly controlled 31.79% of the company’s equity through Pacific Jaguar, and collectively controlled 95.38% of Dongya Machinery’s equity. Han Wenhao serves as the company’s director, general manager, and secretary of the board of directors, and Luo Xiuying as the company’s director and deputy general manager has an important influence on the company’s production and operation decisions.

04. A-share “Xiamen plate”, the reserve force for listing is surging

Xiamen enjoys the reputation of “the city of two highs”, and its development in recent years has attracted the attention of the whole country and the world. In 2020, the GDP of Xiamen will be 638.402 billion yuan, breaking through the 600 billion yuan mark for the first time. In the first quarter of this year, the GDP growth rate ranked first in Fujian Province.
As of now, there are 61 A-share listed companies in Xiamen in 2021, and three new listed companies in Xiamen in 2021. According to the official website of Xiamen Securities Regulatory Bureau, as of July 1, 2021, Xiamen Xiamen Tungsten New Energy and Xiamen Jiarong Technology Co., Ltd. Co., Ltd. and Huaxia Eye Hospital Group Co., Ltd. have successfully passed the meeting. Five Xiamen companies including Xiamen Rural Commercial Bank Co., Ltd. and Goke Energy Saving Technology Co., Ltd. have submitted listing materials.

In addition, there are 17 Xiamen companies that are counseling and filing to launch a sprint towards the listing target. Among them, in 2021, Lipin Pharmaceutical (Xiamen) Co., Ltd., Xiamen Yanzhiwu Biological Engineering Co., Ltd., Yongxing Dongrun Apparel Co., Ltd., and Rongda Hezhong (Xiamen) will be added to the queue of Xiamen companies that have counseled Technology Group Joint Stock Company.

The reserve force of Xiamen’s listing is surging, and the A-share “Xiamen plate” is expected to continue to expand.

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