Brief Introduction

Xi'an Manareco New Materials Co., Ltd.(Hereafter called Xi'an Manareco) was established in 1999, listed on SSE STAR Market in September 2020, whose shares are jointly held by Beijing ManarecoInvestment Fund Management Limited Partnership (LLP),Ningbo CapitalEdgeYongyu Investment Limited Partnership (LLP) and other well-known investment institutions as well as internal middle and senior managers. It is a high-tech company which focuses on R&D, manufacture and marketing of organic new materials, involving in liquid crystal singles, OLED materials and pharmaceutical intermediates, which will be applied to LC mixtures, OLED final materials, and APIs. Also, the final application areas of our products include TFT-LCD, OLED and pharmaceutical preparation.

There are nearly 1,400 full-time employees in Xi'an Manareco, and 50% of which have bachelor's degree. The company consists of administrative and R&D base in Xi'an headquarters and two production bases in Weinan and Pucheng, which can provide one-stop service from lab work, pilot to mass production. Over 2,000 display material chemicals have been developed, and self-developed synthetic route has exceeded 3,500.

As a representative enterprise in the field of liquid crystal display materials, Xi'an Manareco has established strategic partnerships with major liquid crystal manufacturers around the world and occupied the high-end market of liquid crystal singles for a long time. Also, as one of the leading companies in OLED material, the company stands in the leading position of domestic OLED material development, and it has set up cooperation relationship with international leading companies who occupy almost 70% market share for global OLED final materials, standing the important position in their supply chains. Furthermore, in pharmaceutical area, owing to the outstanding R&D capability, Xi'an Manareco has become an important supplier for international drug giants.

Facing the great strategic opportunity of LCD material market transferring from abroad to home and OLED material industry rising rapidly, the company has deepened delicacy management, improved management level and risk prevention ability, and reinforced endogenous driving force for sustainable development. With the management idea of "Openness, Integration, Innovation, Development", the company will actively explore new products, new customers and new fields. By virtue of strong R&D and innovation capabilities and industrialization advantage, Xi'an Manareco is committed to becoming an excellent enterprise in the high-end fine chemicals industry.

Company Overview

Full name Xi'an Manareco New Materials Co., Ltd
Abbreviations Manareco New Materials
Code 688550.SH
Founded April. 15th 1999
Listing Sept. 2nd 2020
Domicile XI'AN, Shaan Xi Province
Website http://www.xarlm.com/
Email securities@xarlm.com
STAR Theme New Materials
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 2.82 1.80 1.48
R&D expenditure as a % of operating revenue 3.93% 3.27% 3.50%
Operating Revenue 990,229,161.95 856,567,198.33 719,104,094.47
Net Income 148,464,476.59 94,642,130.09 78,008,660.92

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 990.23 856.57 719.10
Operating Costs 808.56 731.38 610.05
Operating Income 172.47 107.10 90.22
Pretax Income 171.29 106.44 90.30
Income Tax 22.83 11.80 12.30
Net Income 148.46 94.64 78.01

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 663.26 675.94 514.09
Non-current Assets-Total 575.76 559.55 447.89
Total Assets 1,239.02 1,235.49 961.98
Liabilities
Current Liabilities-Total 558.94 575.60 385.55
Non-current Liabilities-Total 7.73 96.01 77.19
Total Liabilities 566.67 671.60 462.74
Stockholder's Equity
Share Capital 407.37 407.37 407.37
Retained Profits 264.98 156.52 91.88
Total Owners' Equity 672.35 563.89 499.24

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 144.43 175.79 99.92
Net Cash Flows-Investing -78.16 -160.19 -117.83
Net Cash Flows-Financing -94.36 1.34 8.53

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Beijing Manareco Investment Fund Management Limited Partnership (LLP) 13.70 19.52%
Ningbo CapitalEdge Yongyu Investment Limited Partnership (LLP) 8.75 12.46%
Liu Xiaochun 4.57 6.51%
Cheng Xiaobing 3.45 4.92%
Zhejiang Henglan Equity Investment Limited Partnership (LLP) 2.62 3.73%
Wanjiang Wuhu Logistics Industry Investment Fund (LLP) 2.54 3.62%
Ningbo Kejiu Equity Investment Limited Partnership (LLP) 2.05 2.92%
Zhejiang Puyongze Equity Investment Limited Partnership (LLP) 2.05 2.92%
Zhao Xin 1.97 2.80%
Yangling Oriental Fortune Capital Modern Agriculture Investment Management Limited Partnership (LLP) 1.27 1.81%
 

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