Brief Introduction

Zhuzhou Huarui Precision Cutting tools Co., Ltd. is a manufacturer of Cemented carbide cutting tools founded in 2007, mainly engaged in the research and development of cemented carbide blades and production and sales operations. As a necessary part of machining process, cemented carbide cutting tools are widely used in engineering, aerospace, rail transit, automobile, energy, precision electronics, precision molding and other industries.

Huarui has been dedicated to the pursuit of the improvement of the overall performance of cemented carbide inserts and the optimization of its manufacturing processes. In the reach for this goal, it further adopted advanced production process, production equipment and testing instruments. With synergy of talents, technology and equipment, Huarui developed its three main product range: turning, milling, and drilling. The company's core products have reached the domestic advanced level in terms of cutting performance such as machining accuracy, machining efficiency and service life. It has entered the domestic high-end market occupied by import before. In particular, the milling blade has formed a significant competitive advantage.

Huarui has won the Ringier Technology Innovation Award in 2017. The same year, Huarui has passed the national recognition of Hi-Tech Enterprises. In 2018, the company has been included in the 'Little Giant Enterprises' of Hunan. In 2019, Huarui was awarded the 'Customer Satisfaction Brand' at the 4th Cutting Tool User Conference, while company's 'Cutting Edge Series' inserts won the first Cutting Tool Innovation of Golden Front. In 2020, it was identified as one of the Technique Centers of Hunan.

Over the decade, Huarui has always committed to innovation. Through ever advancing company's technology, It has established national advanced advantage in base materials, groove structure, precision molding and surface coating. Huarui will carry on its devotion to advance technology and to provide for clients' growing needs in the future.

Company Overview

Full name Zhuzhou Huarui Precision Cutting tools Co., Ltd.
Abbreviations Huarui Precision
Code 688059
Founded 2007-03-07
Listing 2021-02-08
Domicile Zhuzhou
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 2.70 2.18 1.76
R&D expenditure as a % of operating revenue 6.33% 6.57% 5.57%
Operating Revenue 312.19 258.93 213.63
Net Income 89.00 71.81 54.16

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 312.19 258.93 213.63
Operating Costs 207.98 179.27 148.43
Operating Income 104.09 80.39 62.76
Pretax Income 102.23 82.27 62.66
Income Tax 13.23 10.46 8.50
Net Income 89.00 71.81 54.16

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 234.51 201.75 139.76
Non-current Assets-Total 383.87 329.29 272.12
Total Assets 618.38 531.05 411.88
Current Liabilities-Total 152.14 124.52 95.91
Non-current Liabilities-Total 55.07 84.36 59.02
Total Liabilities 207.21 208.88 154.92
Stockholder's Equity
Share Capital 215.16 215.16 215.16
Retained Profits 196.01 107.01 110.77
Total Owners' Equity 411.17 322.17 256.95

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 100.95 102.78 66.09
Net Cash Flows-Investing -100.26 -92.35 -101.06
Net Cash Flows-Financing -34.65 24.39 35.91

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
株洲鑫凯达投资管理有限公司 5.64 12.82%
株洲华辰星投资咨询有限公司 5.40 12.27%
宁波梅山保税港区慧和同享股权投资合伙企业(有限合伙) 3.37 7.66%
肖旭凯 2.59 5.87%
王玉琴 1.84 4.17%
高颖 1.65 3.76%
苏州六禾之谦股权投资中心(有限合伙) 1.58 3.59%
王振民 1.35 3.07%
陈拥军 1.25 2.84%
夏晓辉 1.22 2.77%
As of 2021-03-31

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