Brief Introduction

Qingdao Gaoce Technology is now specialized in R&D, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.

Based on its own core technology, Qingdao Gaoce has been continuously promoting R&D and application of diamond wire cutting technology in processing field of more and more high hardness and britle materials such as photovoltaic silicon materials, semiconductor silicon materials, sapphire materials, magnetic materials and other hard and britle materials processing fields, which aims at helping customers with cost reduction, improments. On productivity and quality.

Qingdao Gaoce is dedicated to provide integral cutting solution combined with cutting equipment, tools and processes for cutting and processing of hard and britle materials.

In the future, the company shall grasp any opportunities in the market and focus on the application of cutting solutions for hard and britle material systems in the photovoltaic industry based on core technology and in the meantime, shall continue to promote cutting solutions for hard and britle material systems in the photovoltaic industry and semiconductor Industry, sapphire industry, and magnetic materials industry to promote product and business innovation.

Qingdao Gaoce shall strive to become a global innovator and leader in terms of the application of diamond wire cutting technology, who provides competitive cutting solutions for hard and brittle materials all over the world.

Company Overview

Full name Qingdao Gaoce Technology Co., Ltd
Abbreviations Gaoce
Code 688556
Founded October 20, 2006
Listing August7,2020
Domicile Qingdao
Website www.gaoce.cc
Email zq@gaoce.cc
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.27 0.51 0.42
R&D expenditure as a % of operating revenue 9.91% 8.90% 9.66%
Operating Revenue 714.24 606.70 425.31
Net Income 32.02 53.53 41.76

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 714.24 606.70 425.31
Operating Costs 459.71 373.46 246.94
Operating Income 30.01 58.29 49.57
Pretax Income 29.29 57.58 46.82
Income Tax -2.73 4.04 5.06
Net Income 32.02 53.53 41.76

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 1168.03 623.57 523.73
Non-current Assets-Total 277.58 197.29 104.30
Total Assets 1445.61 820.86 628.04
Liabilities
Current Liabilities-Total 1020.48 560.37 456.07
Non-current Liabilities-Total 31.52 43.73 8.74
Total Liabilities 1052.00 604.10 464.80
Stockholder's Equity
Share Capital 259.36 114.84 114.84
Retained Profits 134.25 101.93 48.39
Total Owners' Equity 393.61 216.77 163.23

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 15.30 1.82 0.83
Net Cash Flows-Investing -64.76 -66.22 -27.64
Net Cash Flows-Financing 49.07 64.24 42.21

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
张顼 41.49 25.63%
红线资本管理(深圳)有限公司-潍坊善美股权投资基金合伙企业(有限合伙) 15.83 9.78%
青岛知灼创业投资有限公司 8.38 5.18%
青岛火山投资合伙企业(有限合伙) 8.27 5.11%
王东雪 5.01 3.09%
尚华 4.90 3.03%
胡振宇 4.90 3.03%
金永焕 4.24 2.62%
赵焕荣 3.77 2.33%
青岛华资达信创业投资有限公司 3.40 2.10%
30 Sep 2020

Legal Statement

All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.

Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.

Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.