Brief Introduction

Harbin XinGuang Optic-Electronics Technology Co. Ltd was founded on November 2007. The company has successively passed the identification of high-tech enterprises and been authorized the relevant qualifications required for the production and sale of military products. From 2011 to 2014, the company grew rapidly, and a series of major breakthroughs were made in key technologies. The performance of some products was rapidly improved to the advanced level in the world and the leading level in China. Since 2015, the company's accumulated technological advantages have been gradually transformed into product advantages, and economic income has been gradually increased. On July 22, 2019, the company successfully registered with SSE STAR market and became the only company listed in the first batch of SSE STAR market in Northeast China.

The company devotes itself to serving the development of advanced weapon systems in national defense science and technology industry, focuses on providing high-end components, devices, systems and solutions for optical target and scene simulation, optical guidance, optic-electric special test and laser. Based on the above effort, a variety of advanced intelligent optic-electric products are derived.

After more than ten years of wide-ranging technical research, the company has achieved significant achievements in key technologies such as Imaging guidance technology of optical scanner at image side, imaging guidance technology of high speed wide field infrared optical guidance system, optical beam modulating technology of using a series of digital micro mirror arrays, dynamic optical scene generating technology of short integrating-time infrared optical projector, thin film beam combining technology and multi laser beam target combining technology. The company has 11 patents, 38 key technologies, won the first prize of national defense science and technology progress in 2016. At present, the company has the capability of R&D and mass production of multi-varieties and series of high-end military products. It has broken the technical blockade of foreign countries in many sub-product areas and filled the domestic blank. Also, the company has provided high-performance batch products for several key missiles. Its benefit has been highly recognized by customers. Furthermore, the technological innovation of the company has provided lots of high-performance batch products and played an important role in technology industry of China's National Defense Department.

Company Overview

Full name Harbin Xinguang Optic-Electronics Technology Co., Ltd.
Abbreviations Xinguang Optic-Electronics
Code 688011
Founded 30th November ,2007
Listing 22th July , 2019
Domicile No. 1294, Chuangxin Road, Songbei District, Harbin
Website http://www.xggdkj.com
Email zqb@xggdkj.com
STAR Theme High-end Equipment
CSRCSector Other electronic equipment manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.97 0.54 0.89
R&D expenditure as a % of operating revenue 5.88% 4.96% 8.17%
Operating Revenue 208.41 182.05 158.57
Net Income 72.64 40.20 66.84

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 208.41 182.05 158.57
Operating Costs 107.14 63.19 43.99
Operating Income 84.30 47.06 78.13
Pretax Income 84.27 47.03 78.15
Income Tax 11.63 6.83 11.31
Net Income 72.64 40.20 66.84

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 289.39 591.63 505.53
Non-current Assets-Total 154.64 133.03 38.42
Total Assets 444.03 724.66 543.95
Liabilities
Current Liabilities-Total 130.09 294.24 341.07
Non-current Liabilities-Total 15.97 16.17 0.70
Total Liabilities 146.06 310.41 341.77
Stockholder's Equity
Share Capital 258.24 191.88 20.00
Retained Profits 39.76 222.38 182.18
Minority interests -0.04    
Total Owners' Equity 297.97 414.25 202.18

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 20.66 -74.32 34.58
Net Cash Flows-Investing 45.30 -85.30 -77.93
Net Cash Flows-Financing -72.65 118.51 100.72

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Weimin Kang 50.47 50.47%
Lixin Kang 5.68 5.68%
HeilongjiangKeli Northern Investment Fund Partnership (Limited Partnership) 3.53 3.53%
Guibo Wang 3.30 3.30%
Lei Lin 2.02 2.02%
曲水县哈新企业管理合伙企业(有限合伙) 1.65 1.65%
Heilongjiang Longcai-Panshi High-tech Venture Equity Fund(Limited Partnership) 1.54 1.54%
曲水县盈新龙飞企业管理合伙企业(有限合伙) 1.42 1.42%
Shanghai Lianchuang Yongyi Phase II Equity Investment Fund Partnership (Limited Partnership) 1.39 1.39%
CASREV Fund II- RMB Fund L.P 1.21 1.21%
30 Jun 2019

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