Brief Introduction

Beijing LabTech Instruments Co., Ltd (Stock Code: 688056) is a high-tech enterprise specializing in the research and development, production and sales of experimental analytical instruments, providing clean and environment-friendly laboratory solutions, laboratory consumables and related services, and it belongs to the high-end manufacturing industry encouraged and supported by the state. The company has LabTech, CDS, Empore and other industry famous brands. The company's customers cover food testing, environmental monitoring (water, air and soil testing), agricultural products testing, commodity testing, life science and drug testing, medical and health, material analysis, space and ocean exploration and many other fields.Up to now, the company's products have been sold to more than 90 countries and regions around the world, serving nearly 30000 customers. The company is one of the major suppliers of experimental analytical instruments that can combine various kinds and multi-functional sample preparation technologies with fully automaticexperimental analysis platform to form automatic experimental analysis instrument systems.

Company Overview

Full name Beijing LabTech Instruments Co., Ltd.
Abbreviations LabTech
Code 688056
Founded Jan 8th, 2002
Listing Sep 2nd, 2020
Domicile Beijing
Website www.labtechgroup.com
Email zqtzb@labtechgroup.com
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 1.22 1.10 0.98
R&D expenditure as a % of operating revenue 6.79% 3.82% 4.30%
Operating Revenue 380.52 350.06 322.08
Net Income 61.68 59.94 49.43

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 380.52 350.06 322.08
Operating Costs 307.26 279.61 254.92
Operating Income 73.51 63.97 62.67
Pretax Income 73.66 69.93 62.76
Income Tax 11.98 9.99 13.33
Net Income 61.68 59.94 49.43

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 351.07 346.63 277.52
Non-current Assets-Total 98.55 80.16 84.67
Total Assets 449.62 426.79 362.19
Liabilities
Current Liabilities-Total 119.60 121.51 115.61
Non-current Liabilities-Total 2.51 8.90 14.00
Total Liabilities 122.11 130.41 129.61
Stockholder's Equity
Share Capital 89.48 92.12 92.12
Retained Profits 237.25 203.50 139.83
Minority interests 0.78 0.76 0.63
Total Owners' Equity 327.51 296.38 232.58

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 51.55 43.92 54.77
Net Cash Flows-Investing -27.50 -0.93 -9.39
Net Cash Flows-Financing -22.32 0 -43.50

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Beijing LabTech Management Consulting Co., Ltd. 24.18 36.09%
special securities account of the unconfirmed holder of Beijing LabTech Instruments Co., Ltd.(Note 19.82 29.59%
Beijing Hong Jing Hao Run Management Consulting Co., Ltd. 5.50 8.21%
China Merchants Securities Investment co., ltd 0.81 1.21%
Beijing Jing Ye Cheng Cheng Consulting Co., Ltd. 0.50 0.75%
Lu, Yong 0.23 0.35%
Mei, Biaotai 0.18 0.27%
Zhang, Qing 0.15 0.23%
Tan, Fei 0.14 0.21%
Xu, Bing 0.14 0.20%
30 Sep 2020 Note: For registration reasons, the shares held in the special securities account of the unconfirmed holder of Beijing LabTech Instruments Co., Ltd include two foreign corporate shareholders: 1) LabTech Holdings, Inc. (16.12 of shares held (mn) and 24.06% of shares held); 2) WI Harper Fund VII Hong Kong Limited (3.70 of shares held (mn) and 5.53% of shares held).

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