Brief Introduction

Zhangjiagang Guangda Special Materials Co., Ltd. is mainly engaged in the research and development, production and sales of high-end equipment special steel materials and new energy wind power components. Among them, special steel material products mainly include gear steel, die steel, high-temperature alloys, and special stainless steel. New energy wind power components mainly include wind power castings, wind power main shafts, and wind power precision mechanical parts. The company's products are mainly used in new energy wind power, rail transit, mechanical equipment, military equipment, aerospace, nuclear power, marine petrochemical and other high-end equipment manufacturing industries. The new energy wind power sector accounts for more than 60% of its revenue.

Material smelting technology is the company's core process. The company currently has more than ten core technologies in materials, and its technical level is in the first echelon in China. Among them, the 300-350km/h high-speed rail forged steel brake disc material developed by the company was certified by CRRC in October 2018 and became the only domestic supplier, realizing import substitution.

In recent years, the company has taken basic materials as the "cornerstone" of its business, and its main business has been extended to the downstream of the industrial chain, especially new energy wind power components. It has successfully developed and mass-produced large-scale onshore and offshore wind power castings, wind turbine gearbox components and other high value-added components. For component products, the company is currently one of the few domestic wind power component companies with a large-scale production capacity of large-scale wind power castings with a unit capacity of 5.5MW or more. At the same time, the company further strengthened the market expansion of the high-end materials represented by high-temperature alloys and high-strength steel continued to serve core areas such as aerospace and ocean petrochemical.

Up to 2020, the company has formed three major production bases in Zhangjiagang City, where the listed company is located, Nantong City, where subsidiary Hongmao Cast Steel is located, and subsidiary Guangda Dongqi New Materials is located in Deyang City, Sichuan Province.Among them, the Zhangjiagang base focuses on material research and development, smelting and the implementation of "small batch, multi-variety, customized" order production, the Nantong production base focuses on the specialized production of large-scale wind power castings, and the Deyang production base focuses on R&D and production of high-end steam turbine steel castings and steam turbine blades.

Company Overview

Full name Zhangjiagang Guangda Special Material Co.,Ltd
Abbreviations Guangda Special Material
Code 688186
Founded 2006-07-17
Listing 2020-02-11
Domicile Zhangjiagang City, Jiangsu Province, China
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.10 1.15 1.33
R&D expenditure as a % of operating revenue 4.13% 3.39% 3.28%
Operating Revenue 1,810.34million 1,588.30million 1,507.47million
Net Income 173.16million 141.51million 134.38million

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,810.34 1,588.30 1,507.47
Operating Costs 1,383.15 1,243.30 1,162.46
Operating Income 206.24 169.97 168.28
Pretax Income 200.24 167.84 163.94
Income Tax 27.08 26.33 29.56
Net Income 173.16 141.51 134.38

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,217.04 1,541.68 1,719.73
Non-current Assets-Total 1,930.30 916.13 826.72
Total Assets 4,147.34 2,457.81 2,546.45
Current Liabilities-Total 1,607.73 1,424.94 1,615.60
Non-current Liabilities-Total 791.71 15.73 18.42
Total Liabilities 2,399.45 1,440.67 1,634.02
Stockholder's Equity
Share Capital 1,383.82 744.28 744.28
Retained Profits 364.08 272.85 168.16
Total Owners' Equity 1,747.90 1,017.13 912.44

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -162.81 -23.85 46.03
Net Cash Flows-Investing -769.65 -89.93 -48.12
Net Cash Flows-Financing 1,038.28 -25.69 226.20

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
张家港广大投资控股有限公司 44.80 27.18%
徐卫明 12.05 7.31%
徐辉 8.50 5.16%
苏州邦达投资中心(有限合伙) 7.20 4.37%
周奕晓 6.24 3.79%
黄路皓 4.93 2.99%
张家港保税区万鼎商务咨询合伙企业(有限合伙) 4.50 2.73%
宁波十月吴巽股权投资合伙企业(有限合伙) 4.10 2.49%
张家港市金茂创业投资有限公司 3.15 1.91%
马 静 3.00 1.82%
31 Mar 2021

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