Brief Introduction

TZTEK was established in Suzhou City, Jiangsu Province in August 2009, and was changed into a company limited by shares in February 2015. From August 2015 to January 2018, the company was listed on the National Small and Medium-Sized Share Transfer System, and officially landed on the Shanghai Stock Exchange on July 22, 2019. The company currently has a registered capital of 193.6 million Yuan.

Since its inception, TZTEK has been committed to industrial transformation and upgrading with leading artificial intelligence technology, and keeps the long-term goal of becoming the "global industrial vision industry leader".

TZTEK applies core technology of machine vision to the industrial field, and continuously invests in R&D in machine vision algorithms, industrial data platforms, advanced vision sensors, precision drive control technology and other frontier technologies to build and strengthen technical barriers. We have independent intellectual property rights and have applied for 117 patents, of which 65 have been authorized as well as 68 software copyrights. Also, we have drafted and formulated five national and industry standards and norms with a leading position in the industry.

Mr. Xu Yihua, TZTEK's actual controller, worked at Microsoft Research Asia (MSRA), and is an expert in artificial intelligence and machine vision, with extensive experience in scientific research and product development management. He has been focusing on machine vision technology research and industrial development for many years.

We focus on customers in the industrial sector and help industrial enterprises achieve digital and intelligent development through leading products. Our main products are industrial vision equipment, including precision measuring instruments, intelligent testing equipment, intelligent manufacturing systems, unmanned logistics vehicles, etc. The product functions cover many aspects of industrial fields like size and defect detection, automated production and assembly, and intelligent warehousing and logistics.

After over ten years of deep cultivation and accumulation, the company has accumulated nearly 3,000 industrial customers, and a bounty of industry experience, ensuring the deep integration of cutting-edge technology and industrial field. The main customer groups cover the consumer electronics industry, automotive manufacturing, photovoltaic semiconductor industry, warehousing and logistics industry, including internationally renowned companies like Apple, Samsung Group, Foxconn, Sunwoda, Desay Group, Bosch Group, Valeo Group, GCL Group and Cainiao Logistics.

Our company has outstanding scientific and technological innovation ability. We mainly rely on the core technology to carry out production and management, with a stable business model, high market recognition, good social image and strong growth. In the future, our company will continue to specialize in serving industrial customers, and closely focus on the needs of industrial customers, on the premise of combination and expansion of multi-field and multi-product line, to further expand more industrial application field, and provide richer industrial machine vision equipment product line to create greater value for industrial customers.

Company Overview

Full name Suzhou TZTEK Technology Co., Ltd
Abbreviations TZTEK
Code 688003
Founded 20 August 2009
Listing 22 July 2019
Domicile Suzhou
Website www.tztek.com
Email ir@tztek.com
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.66 0.37 0.23
R&D expenditure as a % of operating revenue 15.66% 18.66% 26.22%
Operating Revenue 508.28 319.20 180.85
Net Income 94.47 51.58 31.49

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 508.28 319.20 180.85
Operating Costs 426.87 285.37 162.20
Operating Income 98.37 53.27 19.14
Pretax Income 98.17 53.24 33.44
Income Tax 3.70 1.66 1.95
Net Income 94.47 51.58 31.49

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 528.77 340.64 180.59
Non-current Assets-Total 106.33 63.94 64.73
Total Assets 635.10 404.58 245.32
Liabilities
Current Liabilities-Total 207.94 126.44 49.76
Non-current Liabilities-Total 7.85 9.53 0
Total Liabilities 215.80 135.97 49.76
Stockholder's Equity
Share Capital 262.87 184.87 142.40
Retained Profits 156.44 83.75 53.17
Minority Interests - - -
Total Owners' Equity 419.30 268.61 195.56

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 98.29 51.55 15.57
Net Cash Flows-Investing -47.20 -5.96 -7.76
Net Cash Flows-Financing 44.43 11.20 -20.16

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Suzhou Qingyi Investment Co., Ltd. 80.00 41.3223%
Ningbo Tianzhun Hezhi Investment Management Partnership (Limited Partnership) 40.30 20.8151%
Suzhou Science & Technology Town Venture Capital Co., Ltd. 6.40 3.3058%
Chun Yang 3.23 1.6684%
Suzhou Jie Quan Zhi Xin Equity Investment Partnership (Limited Partnership) 3.00 1.5496%
SOOCHOW SECURITIES CO.,LTD. 2.87 1.4809%
Suzhou Industrial Park Oriza Seed Fund II Venture Capital InvestmentPartnership (Limited Partnership) 2.29 1.1829%
Suzhou GSR Joint II Equity Investment Partnership Enterprise (LLP) 1.84 0.9504%
Shanghai Eason Investment Management LLp 1.42 0.7335%
Ningbo Meishan Bonded Port Area Qingrui Boxian Venture Investment Partnership (Limited Partnership) 1.31 0.6767%
16 Jul 2019

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