Brief Introduction

Nantong Guosheng Intelligence Technology Group (hereinafter referred to as Guosheng Group) owns several subsidiaries including Guosheng Intelligence Technology, Guosheng Precision Machinery, Guosheng Machine Components, Dawei Precision Technology, Investa, and Chelsea etc.

Guosheng Group, as one of the top 30 enterprises in China Machine Tool Industry Association, has formed three series of products along the machine tool industry chain: equipment parts, CNC machine tools, and intelligent automation production lines, which are widely used in precision molds, construction machinery, automotive parts, new energy and other fields, to meet the personalized needs of users and provide integrated solutions for metal cutting in different application scenarios.

Relying on effective integrated intelligent manufacturing solutions and "high-precision, high-speed, high-efficiency, high-stability" products, the company supplies precision sheet metal welding parts or castings for global leading intelligent manufacturing equipment enterprises such as Canadian Husky, Japanese Toshiba Machinery, DMG MORI SEIKI, Sweden Sandvik, and the United States Caterpillar. And continues to provide intelligent production equipment and services for Jerry, Hangke Technology, Yisen Mold and other domestic excellent manufacturing enterprises.

In the future, the company will continue to conform to the development direction of the country's strategic emerging industries and a new round of industrial upgrade trends, actively organize technological breakthroughs, and increase its core technology areas in CNC machine tools, such as error control, reliability, secondary development and optimization, etc. R & D investment, quickly promote the product to large-scale, intelligent, complex, multi-axis development. At the same time, focus on the development of core components and further strengthen the market competitiveness by increasing the self-sufficiency rate.

The company has a clear technological development path. On the basis of consolidating the metal cutting machine tool business, it accelerates the layout of the metal forming equipment industry with laser and multi-axis micro-hole electrical discharge machining as its representative products, and strives to provide integrated solutions for metal processing from metal cutting Shanghe Smart Workshop Builder upgrades and contributes to the in-depth integration of China's informatization and industrialization to achieve the set goal of "Made in China 2025".

Company Overview

Full name Nantong Guosheng Intelligence Technology Group Co., Ltd.
Abbreviations Guosheng Intelligence
Code 688558
Founded August 31, 1999
Listing June 30, 2020
Domicile Nantong, Jiangsu
Website http://www.ntgszk.com
Email gsipo@ntgszk.com
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.85 0.97 0.94
R&D expenditure as a % of operating revenue 4.60% 4.10% 3.96%
Operating Revenue 664.68 744.32 586.47
Net Income 85.26 95.56 92.10

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 664.68 744.32 586.47
Operating Costs 472.08 535.55 395.47
Operating Income 97.12 107.61 108.32
Pretax Income 96.90 107.85 107.82
Income Tax 11.64 12.29 15.72
Net Income 85.26 95.56 92.10

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 518.02 466.44 470.86
Non-current Assets-Total 267.68 246.07 207.63
Total Assets 785.71 712.51 678.49
Liabilities
Current Liabilities-Total 179.27 178.43 226.27
Non-current Liabilities-Total 5.00 0 0
Total Liabilities 184.27 178.43 226.27
Stockholder's Equity
Share Capital 295.13 295.24 295.53
Retained Profits 292.12 223.67 143.34
Minority Interests 9.76 10.91 8.89
Total Owners' Equity 601.44 712.51 678.49

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 103.32 63.43 41.67
Net Cash Flows-Investing -22.85 -51.78 -2.96
Net Cash Flows-Financing -18.08 -13.49 -34.02

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Weiguo Pan 58.25 44.13%
Xiaohu Wei 24.86 18.83%
NanTong Xiezhong Investment Management Center (Limited Partnership) 5.47 4.14%
NanTong gathers at Investment Management Center (limited partnership) 4.30 3.26%
Xianggui Shi 2.41 1.83%
ShangRong (NingBo) investment Center (Limited Partnership) 2.41 1.83%
Hui Chen 1.30 0.99%
Shengang Securities Investment (Beijing) Limited 1.23 0.93%
Shanghai Minghong Investment Management CO.,Ltd. - Minghong Value Growth Phase 1 Private Equity Investment Funds 0.38 0.29%
Jinhua Chen 0.35 0.27%
 

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