Brief Introduction

Leaderdrive is a company mainly engaged in high precision reducer business since 2003,a high-tech enterprises in the development,production and sale of harmonious speed reducer with world-class production and inspection line.The company spend more than 20milionRMB on research and development annually,with powerful technical strength,the Company has established its own R&D center,and has a great partnership with universities and institutes domestic and overseas.At present,its R&D team consisting of more than 100 staffs,including 6 doctors and more than 20 masters,and has held more than 50 patents related to precision speed reducer,The Company is one of the main drafter of Chinese national standards about speed reducer.

Leaderdrive produced and sold over 90,000 harmonious reducers in 2019,penentarting into 90% of the domestic market of harmonious reducers for robot and occupying over 60% domestic robot market shares. Besides, we have sold products overseas including Europe and America, Japan and Korea, etc. In addition to standard products,Leaderdrive are able to provide customized services and product as required.To meet the sharp increase of demand for harmonious reducers,Leaderdrive initiated a 500,000 sets/year harmonious reducer workshop in 2018, with the aim to forge an intelligent and automatic harmonious reducer production line. The brand new workshop will be put into use in the forth quarter of 2020.Leaderdive is estimated to realize a production capacity of 600,000 sets/year in total in the future. We will join hands with you to createa beautiful future of robots!

Company Overview

Full name Leader Harmonious Drive Systems Co.,Ltd
Abbreviations Leaderdrive
Code 688017
Founded 2011.1.13
Listing 2020.8.28
Domicile SuZhou
Website www.leaderdrive.com
Email info@leaderdrive.com
STAR Theme High-End Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.65 0.72 0.54
R&D expenditure as a % of operating revenue 13.03% 11.38% 9.20%
Operating Revenue 62.77 73.01 57.01
Net Income 57.75 63.99 47.71

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 62.77 73.01 57.01
Operating Costs 140.67 156.66 123.55
Operating Income 185.90 219.53 175.70
Pretax Income 63.00 73.42 56.63
Income Tax 5.24 9.43 8.92
Net Income 57.75 63.99 47.71

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 458.72 456.15 244.40
Non-current Assets-Total 268.72 179.10 121.65
Total Assets 727.44 635.25 366.05
Liabilities
Current Liabilities-Total 86.13 51.76 59.14
Non-current Liabilities-Total 12.14 12.39 10.81
Total Liabilities 98.28 64.16 69.95
Stockholder's Equity
Share Capital 526.97 526.97 215.43
Retained Profits 104.85 46.06 81.54
Minority interests -2.66 -1.94 -0.87
Total Owners' Equity 629.16 571.09 296.09

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 32.47 11.44 0.34
Net Cash Flows-Investing -142.40 -124.48 4.13
Net Cash Flows-Financing 8.63 217.01 -3.85

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
左昱昱 24.55 20.40%
左晶 24.55 20.40%
孙雪珍 12.27 10.20%
先进制造产业投资基金(有限合伙) 10.20 8.47%
上海谱润创业投资合伙企业(有限合伙) 7.20 5.98%
苏州方广二期创业投资合伙企业(有限合伙) 2.12 1.76%
三峡金石(武汉)股权投资基金合伙企业(有限合伙) 2.12 1.76%
CITIGROUP GLOBAL MARKETS LIMITED 1.63 1.36%
Bank J. Safra Sarasin Ltd 1.54 1.28%
建信基金-建设银行-中国人寿-中国人寿委托建信基金股票型组合 1.45 1.20%
30 Sep 2020

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