Brief Introduction

Xi'an Bright Laser Technologies Co., Ltd. (BLT) is an integrated solution of metal additive manufacturing supplier in China. BLT's founder team of early application technology -- professor Huang Weidong, the National Key Laboratory of Solidification Technology of Northwestern Polytechnical University, began to research metal additive manufacturing technology and was one of the early research teams at home and abroad.

BLT was founded in July, 2011, with its registered capital as 80 million RMB. The number of employees are over 400 by the end of 2018, 16.13% among which hold master's degree or doctor's degree and R&D staff takes the percentage of 26.73%. BLT values a lot on R&D, the investment on which reaches millions RMB.

BLT currently has more than 80 advanced equipment sets for laser additive manufacturing and repairing on site. Materials including more than 50 types of grade can be printed, like Titanium Alloy, Superalloy, Aluminum Alloy, Stainless Steel, Die Steel and High-strength Steel. BLT applied over 200 invention patents about metal additive manufacturing technology, having successively passed the quality system certification of ISO 9001:2015、AS 9100D/EN 9100:2018、GJB 9001C-2017、CE etc.

BLT can provide a complete technical solution of metal additive manufacturing and repairing for customers, including customized products, equipment, raw materials, software and technical service. BLT has professional experience about metal additive manufacturing for several years, providing excellent service through continuous innovation for diversified industries in aerospace, energy, medical, mold, automobile and so on. The company focuses on customer and market, helping customers achieve optimal design, reduce production costs, improve product quality, increase productivity and increase competence.

In addition, Customized metal additive manufacturing products manufactured by BLT are widely used in the aerospace industry. BLT has independently developed and produced more than ten types of additive manufacturing equipment such as BLT-A100, BLT-A300, BLT-S210, BLT-S310, BLT-S400,BLT-C600 and BLT-C1000, among which BLT-C600 won iF Design Award and Red Dot Award. BLT-S300 won the Red Dot Award. BLT-S310 won the Excellent Industrial Design Award of the First China Industrial Design Exhibition. The core key parameters of these kinds of additive manufacturing equipment have reached international advanced level.

In recent years, BLT has won National High-tech Enterprises, provincial-level technology centers, Shaanxi SME Innovation R&D Center, and other qualifications. The company has won many awards such as Shaanxi Informatization and Industrialization Integration Model Enterprise, Shaanxi "Twelfth Five-Year" Manufacturing Information Engineering Demonstration Pilot Enterprise. In 2017, the "Metal Additive Manufacturing Intelligent Factory" project of BLT won the "MIIT Intelligent Manufacturing Pilot Demonstration Project". In 2017, two metal additive manufacturing projects participated by BLT won the first two prizes of the National Defense Science and Technology Progress Award. In the same year, the company won the first annual Global 3D Printing Awards OEM Award (the only Chinese metal 3D printing company listed in 2017).

At present, BLT's modernized and intelligent scientific area of over 40000 square meters in Xi'an High-tech Zone as its new plant has been constructed and put into use in June 2018. BLT will continue to increase investment in research and development, focus on the main channel of metal 3D printing, to realize the desire of making metal 3D printing into millions of factories, and further promote the transformation and upgrading of the manufacturing industry, making the company become the world's leading additive manufacturing supplier .

Company Overview

Full name Xi'an Bright Laser Technologies Co., Ltd.
Abbreviations Bright
Code 688333
Founded 6 July 2011
Listing 22 July 2019
Domicile Shaanxi,Xi'an
Website http://www.xa-blt.com
Email IR@xa-blt.com
STAR Theme High-end Equipment
CSRCSector Metal Products and General Equipment Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.95 0.57 0.57
R&D expenditure as a % of operating revenue 8.79% 10.57% 9.11%
Operating Revenue 291,479,177.22 219,948,363.64 166,343,270.74
Net Income 57,993,901.95 35,870,110.40 28,737,869.22

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 291 220 166
Operating Costs 249 189 140
Operating Income 52 37 31
Pretax Income 66 41 33
Income Tax 8 5 4
Net Income 58 36 29

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 439 322 312
Non-current Assets-Total 400 277 175
Total Assets 840 599 487
Liabilities
Current Liabilities-Total 230 163 77
Non-current Liabilities-Total 208 92 103
Total Liabilities 438 255 180
Stockholder's Equity
Share Capital 314 314 254
Retained Profits 80 22 47
Minority Interests 6 5 4
Total Owners' Equity 402 343 307

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating -32 26 -11
Net Cash Flows-Investing -107 -28 -135
Net Cash Flows-Financing 115 2 186

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
She Shengyang 17.44 21.80%
Pingxiang Jingyi Business Information Consulting Partnership (Limited Partnership) 9.07 11.34%
Northwestern Polytechnical University Assets Investment Management Co.Ltd 8.69 10.87%
Xue Lei 3.56 4.45%
Capitech Venture Capital Co.,Ltd. 3.24 4.05%
Lei Kaigui 2.75 3.44%
Haining Guoan Jingjin Equity Investment Partnership (Limited Partnership) 2.40 3.00%
Qingdao Jinshi Haorui investment co., LTD 2.40 3.00%
Huang Peng 2.29 2.87%
Pingxiang Bo Rui Enterprise Management Partnership (Limited Partnership) 1.94 2.43%
19 Jul 2019

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