Brief Introduction

HEADMAN company sticks to "Specialization, Concerntration, Profession" as develop direction, we insist to own independent basic and core technology, devote ourselves to establish advantage in the lathe field, and forge ourselves to the leader enterprise of the industry. HEADMAN corporation develops automation and intelligent products for customer, which is the high intensive, high efficiency, and environmental friendly intelligent manufacture unit, is the good helper for our customer to realize《Made in China---2025》.

Zhejiang Headman Machine Co., Ltd. was found in 1993. Our main products are: high class CNC lathe, industry robot, complete automation line, economic CNC lathe, etc. As Chinese major CNC machine producer, HEADMAN products had been sell well in China domestic market and more than 30 other countries in the world.

HEADMAN owns various high precision equipments: horizontal machining center, seven axis with RTCP turning center, five-face machining center, machining center, 0gantry machining center, grinding machines, etc.; various high precision testing equipment; special machining line for spindle stock, sheet metal spraying line, high precision assembly line and so on; multiple digital machining & assembling workshops with constant temperature & humidity workshop (total area 22000 square meters), and half precise machining workshops (total area 10000 square meters).

HEADMAN focuses on the CNC machine R&D, popularization and providing complete solutions. By stable quality and quick service feedback, HEADMAN had built high reputation in the market. HEADMAN owns top and experienced technicians and high efficient management team, high-tech R&D center. HEADMAN built long term cooperation with different universities, owns independent R&D capability and produce capability of various key components (such as: high precision spindle unit, high precision/high speed built-in motor spindle, high precision/high speed turret, living turret and so on). Output of high precision CNC lathe and economic CNC lathe can reach 5000 sets per year. HEADMAN provides complete solutions for customers, provide the unitization, unmanned green automation solutions with high rigidity & precision, intensive professes, high efficiency and environmentally friendly

Company Overview

Full name Zhe Jiang Headman Machinery Co.,Ltd.
Abbreviations HEADMAN
Code 688577
Founded 1993.3.17
Listing 2020.9.16
Domicile Yuhuan City, Zhejiang Province
Website www.headman.cn
Email hdm@headman.cn
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 1.21 1.13 1.49
R&D expenditure as a % of operating revenue 5.81% 5.13% 3.99%
Operating Revenue 410.55 384.74 427.36
Net Income 53.23 45.60 57.66

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 410.55 384.74 427.36
Operating Costs 265.99 253.14 274.34
Operating Income 60.43 52.32 66.51
Pretax Income 60.22 52.08 66.39
Income Tax 6.99 6.48 8.73
Net Income 53.23 45.60 57.66

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 742.86 353.91 357.86
Non-current Assets-Total 305.20 217.35 197.30
Total Assets 1048.06 571.26 555.18
Liabilities
Current Liabilities-Total 252.48 225.10 240.56
Non-current Liabilities-Total 29.84 15.61 12.04
Total Liabilities 282.32 240.71 252.59
Stockholder's Equity
Share Capital 597.77 215.82 215.77
Retained Profits 167.97 114.74 86.81
Minority Interests 0 0 0
Total Owners' Equity 765.74 330.56 302.58

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 91.01 49.45 33.29
Net Cash Flows-Investing -20.84 -22.77 -36.51
Net Cash Flows-Financing 31.13 -14.45 -14.04

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
高长泉 12.98 24.04%
高兆春 9.34 17.30%
郭秀华 6.60 12.24%
玉环虎贲投资合伙企业(有限合伙) 3.50 6.48%
台州市创业投资有限公司 2.23 4.14%
玉环高兴投资管理有限公司 2.18 4.04%
叶茂杨 1.62 3.00%
高雅萍 1.60 2.97%
南华基金-招商证券-南华基金鑫升1号集合资产管理计划 1.30 2.42%
徐宝春 1.21 2.25%
 

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