on September 21, 2023, honghua digital technology (688789) announced that the company would accept institutional research on September 20, 2023, huatai Securities, Hangzhou Runzhou Investment, Zhejiang Securities Investment, Zhejiang Exploration Private Placement, Zhejiang Silver Wanster Investment, Hangzhou Xuanwu Investment, JK Capital, Lizhen Investment, Zhejiang Merchants Securities, China Post Securities, Northeast Securities, Boshi Fund, Huatai Berry Fund, Wanjia Fund, Zhejiang Chaojing Investment and Hangzhou Jiumu Asset Management participated.

The details are as follows:

Q: What is the company's core competitive advantage?

a: the company has been deeply engaged in the field of digital printing for 30 years, and has formed core technologies such as color management engine, large-capacity data multi-core parallel processing technology, precision electromechanical control system, nano ink formula, etc., covering four important dimensions of digital printing printing effect consistency, operation stability, high-speed operation and high cost performance. After years of development, the company's printing equipment sales scale is in the forefront of the industry, compared with other enterprises in the industry, with a strong scale advantage. The company has obtained 39 invention patents and 46 software copyrights, led the drafting of 3 industry standards and 3 Zhejiang manufacturing group standards, with strong research and development advantages. At the same time, the company won the national manufacturing single champion demonstration enterprise of the Ministry of Industry and Information Technology in 2020. In the long-term production and operation, it has accumulated rich industry experience and established a stable and efficient product research and development, production and sales system. Its scientific and technological achievements have won many national, Ministry of Science and Technology, provincial and municipal awards, with high industry recognition and reputation.

Q: How is the company's core technology being promoted in other application areas?

A: The company is actively expanding new business growth points in other application areas. Maintaining a variety of new product development in the field of paper printing, packaging, book printing began to provide customers with complete machines and consumables. Digital jet printing technology has a very broad development prospect in the field of packaging and book printing. Compared with the traditional printed printing technology, digital jet printing technology has the characteristics of no plate making, non-contact, short production cycle, variable data (arbitrary pattern) printing, one printing, high precision, water saving in the printing process, no waste dye liquid color paste and so on, which can better meet the personalized and immediate needs of consumers, adapt to the trend of multi-variety, small batch, zero inventory, short delivery, energy saving and environmental protection in the printing industry. In the future, relying on the advantages of technology and scale, the company will actively cooperate with domestic leading application enterprises to provide cost-effective equipment and consumables, and actively develop export business with its own brand. Domestic and foreign orders have achieved initial results.

Ask how the company's fundraising project progress and capacity planning are?

during the reporting period, the company's initial public offering project "intelligent factory with an annual output of 2000 sets of industrial digital printing equipment and consumables" has been officially put into operation, and the production capacity and quality of digital printing equipment have been further improved. The project "annual output of 3,520 sets of intelligent production line of industrial digital printing equipment" to issue shares to specific objects is being constructed in an orderly manner. The company realized equipment operating income of 321.7436 million billion yuan, up 32.09 over the same period last year. With the gradual completion and commissioning of the fund-raising project, the company will build an intelligent production plant with an area of about 260000 square meters and expand its production capacity to about 5,520 units, creating the world's largest production base of digital printing equipment. At present, the company is preparing to build an intelligent ink production base in Tianjin. After it is officially completed and put into production, the ink production capacity is expected to expand to 4-50000 tons.

Q: What is the company's plan for equipment research and development in 2023?

a: on the equipment side, in 2023, the company will continue to increase research and development investment and improve quality management with digital printing technology as the fulcrum, consolidate the company's technical advantages and brand advantages in the field of digital printing equipment, and further explore the research on core technologies of digital dyeing market segments by accelerating the research and development of new digital printing products in the fields of SinglePass ultra-high-speed industrial printing machines, coatings, book printing, decorative building materials and other fields, continuously introduce new products that meet market demand and are competitive, and then expand the application fields of the company's products to maintain the continuous growth of the company's operating performance.

ask please briefly introduce the company's R & D investment

As of June 30, 2023, the company had 222 research and development personnel, an increase of 35.37. During the reporting period, the company continued to increase investment in research and development, and its research and development strength continued to increase. The company deepens the cooperation of industry, university and research, and promotes the technical cooperation and exchange with many universities to help the transformation of scientific and technological achievements. During the reporting period, the company invested 38.7048 million yuan in research and development, accounting for 6.92 of operating income, and research and development investment increased by 46.91 year-on-year.

the main business of honghua digital technology (688789) is: with digital printing technology as the core, focusing on the industrial application of textile digital printing, a comprehensive solution provider of textile digital printing integrating pre-sales consultation, in-sales debugging, after-sales service and software support. the company realizes the application and promotion of equipment and consumables by providing customers with integrated solutions of digital printing.

Honghua Digital 2023 reported that the company's main revenue was 0.56 billion yuan, up 21.13 percent from the same period last year. Net profit attributable to the parent was 0.148 billion yuan, up 20.07 percent from the same period last year. Deduction of non-net profit was 0.145 billion yuan, up 23.22 percent from the same period last year. Among them, in the second quarter of 2023, the company's single-quarter main revenue was 0.277 billion yuan, up 48.61 percent from the same period last year; non-net profit was deducted by 81.9703 million yuan in a single quarter, up 71.43 year on year. Debt ratio 14.74, investment income -3.581 million yuan, financial expenses -40.9349 million yuan, gross profit margin 47.52.

The stock has been rated by 10 institutions in the last 90 days, with 7 buying ratings and 3 overweight ratings; the average institutional target price in the past 90 days is 112.92.

The following is detailed earnings forecast information:

Margin trading data show that the net outflow of financing of the stock in the past three months is 19.2169 million, and the financing balance is reduced; the net outflow of securities is 29.9515 million, and the balance of securities is reduced.

The above content is compiled by Securities Star based on publicly available information, generated by an algorithm, and has nothing to do with the position of this site. Securities Star strives for but does not guarantee the accuracy, completeness, validity, timeliness, etc. of all or part of the information (including but not limited to text, video, audio, data and charts). If there is any problem, please contact us. This article is a data compilation, does not constitute any investment advice for you, investment is risky, please be cautious in your decision-making.