Brief Introduction

Shanghai Friendess Electronic Technology Corporation Limited is a high-tech enterprise engaged in research, development, production and sales of laser cutting control systems. Its main business is to provide various types of automation products with laser cutting control system as the core for all kinds of laser cutting equipment manufacturers. The company was founded in 2007.

The company's independent research and development technology completely covers the five key technologies of CAD technology, CAM technology, NC technology, sensor technology and hardware design technology required for laser cutting control system research and development. Relying on the advanced technology, the company has developed a variety of software products including CypCut laser cutting control software, FSCUT series laser cutting control system and BCS100 capacitive height controller. The scope of use covers various laser cutting process including nesting, cutting, CNC and height-sensing. The above products constitute the core business of the company.

As the first private enterprise engaged in the development of fiber laser cutting control system, the company is committed to providing stable and efficient automation control solutions for laser cutting and promoting the development of industrial automation in China. After years of accumulation, the company has mastered advanced follow-up control technology and laser cutting control technology, and is in the international leading position in the field of medium power laser processing control. By far, the company has providing system solutions for more than 400 laser cutting equipment manufacturers.

In the future, based on the existing technology accumulation and market resources, the company will give full play to the advantages of complete product range and rapid market response to maximize the value of the brand, focusing on the layout of bus laser processing control technology, ultra-fast laser technology and Industrial Internet to further consolidate the company's position in the market and technology, build a world-class brand, and develop into the best automation company in the laser industry.

Company Overview

Full name Shanghai Friendess Electronic Technology Corporation Limited
Abbreviations Shanghai Friendess
Code 688188
Founded 2007.09.11
Listing 2019.08.08
Domicile Shanghai
Website http://www.fscut.com/
Email bochu@fscut.com
STAR Theme High-end Equipment
CSRCSector Information transmission, software and IT services
Has weighted voting rights structure? N

Financials

Highlights

  2018 2017 2016
Earnings Per Share 1.86 0 0
R&D expenditure as a % of operating revenue 11.47% 9.88% 11.31%
Operating Revenue 245.26 210.38 122.20
Net Income 139.28 131.09 75.17

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 245.26 210.38 122.20
Operating Costs 46.19 38.13 22.12
Operating Income 151.30 151.15 74.82
Pretax Income 157.76 154.21 87.52
Income Tax 18.48 23.12 12.36
Net Income 139.28 131.09 75.17

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 345.47 256.44 153.51
Non-current Assets-Total 20.58 15.03 4.18
Total Assets 366.05 271.47 157.69
Liabilities
Current Liabilities-Total 68.05 86.63 55.11
Non-current Liabilities-Total 7.86 5.01 1.84
Total Liabilities 75.91 91.64 56.95
Stockholder's Equity
Share Capital 208.93 1.50 1.50
Retained Profits 81.21 178.33 99.24
Minority Interests      
Total Owners' Equity 290.14 179.83 100.74

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 139.38 129.14 75.88
Net Cash Flows-Investing 25.86 -112.95 -46.88
Net Cash Flows-Financing -57.01 -29.99 0

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
TANG Ye 21.00 21.00%
DAI Tiantian 16.43 16.43%
LU Lin 14.25 14.25%
WAN Zhang 12.75 12.75%
XIE Miao 9.00 9.00%
CITIC Securities Co., Ltd. 0.87 0.87%
ZHOU Xing 0.75 0.75%
HU Jia 0.23 0.23%
HAN Donglei 0.23 0.23%
XU Jun 0.23 0.23%
07 Aug 2019

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