Jiangsu Liance Electromechanical Technology Co., Ltd., founded in 2002, is a powertrain test solution supplier specialized both in the R&D, production and marketing of intelligent test equipment for the dynamical system, and in providing testservices for the dynamical system. The Company provides various customized products and services that could be widely used in multiple downstream industries including new energy vehicles, oil-fueled vehicles, vessels and aviation industries.
Since establishment, Liance has gradually formed testing technologies and equipment for dynamical system in the fields of fuel vehicles and vessels. After merging with Nantong Changce in 2014, Liance further formed powertrain testing technologies and equipment for new energy vehicles. In 2015, Liance started to research the testing technologies for aeromotors, and began to realize the revenue in the aero field in 2017. In 2019, Liance developed the manufacture technologies for high-speed hydraulic dynamometer for aeromotor testing, further expandingthe business. Successfullyreplacing theforeigntesting equipmentmanufacturers, Liance becamethe first domestic supplier for the high-speed hydraulic dynamometers used in the aeromotor test bed of many aeromotor enterprises in China.
Test service is an emerging business in recent years. When the automobile manufacturers faceheavy research and development tasks, and lack enough test equipment or related personnel, they need to purchase test services from a third party if it’s not cost-effective under the long cycle of purchasing test equipment or recruiting personnel. In 2015, Liancebegan to provide testservice for fuel vehicle engines and gradually expanded to new energy vehicles. Relying on the strong R&D and manufacturing capabilities, the investment and operation costs are controllable, ensuring high profit level of the test services. During 2018 to 2020, the gross profit margin of the test services remained above 65%.
In future, Liance will continue serving the country with industry, break through the technical barriers of foreign high-end test equipment and test system, seize the historical opportunity of homegrown substitution, and create "international first-class, domestic leading" test equipment and testservices with independent intellectual property rights to realize import substitution and contribute to the development of new energy vehicles and aviation industries.
Full name | Jiangsu Liance Electromechanical Technology Co., Ltd. |
---|---|
Abbreviations | Liance Technology |
Code | 688113 |
Founded | 2002-06-26 |
Listing | 2021-05-06 |
Domicile | Qidong,Jiangsu Province |
Website | www.qdceqi.com |
zqsw@qdceqi.com | |
STAR Theme | High-end Equipment |
CSRC Sector | Manufacturing |
Has weighted voting rights structure? | No |
2020 | 2019 | 2018 | |
---|---|---|---|
Earnings Per Share | 1.52 | 1.29 | 0.79 |
R&D expenditure as a % of operating revenue | 6.46% | 6.09% | 6.28% |
Operating Revenue | 358.49 | 315.84 | 223.4.16 |
Net Income | 72.57 | 61.60 | 36.49 |
2020 | 2019 | 2018 | |
---|---|---|---|
Operating Revenue | 358.49 | 315.84 | 223.42 |
Operating Costs | 216.01 | 190.43 | 137.04 |
Operating Income | 86.11 | 71.20 | 42.67 |
Pretax Income | 82.61 | 70.43 | 42.65 |
Income Tax | 10.04 | 8.84 | 6.16 |
Net Income | 72.57 | 61.60 | 36.49 |
2020 | 2019 | 2018 | |
---|---|---|---|
Assets | |||
Current Assets-Total | 526.36 | 456.78 | 397.88 |
Non-current Assets-Total | 130.65 | 141.41 | 111.64 |
Total Assets | 657.02 | 598.19 | 509.52 |
Liabilities | |||
Current Liabilities-Total | 284.08 | 299.31 | 265.25 |
Non-current Liabilities-Total | 17.30 | 17.51 | 21.85 |
Total Liabilities | 301.38 | 316.82 | 287.10 |
Stockholder's Equity | |||
Share Capital | 177.88 | 177.85 | 172.45 |
Retained Profits | 165.34 | 92.77 | 41.17 |
Total Owners' Equity | 355.64 | 281.37 | 222.42 |
2020 | 2019 | 2018 | |
---|---|---|---|
Net Cash Flows-Operating | 67.68 | 60.13 | 38.58 |
Net Cash Flows-Investing | -5.11 | -35.42 | -32.93 |
Net Cash Flows-Financing | -13.28 | -25.37 | 17.24 |
Name | No. of Shares Held (mn) | % of Shares Held |
---|---|---|
Aiguo Zhao | 9.31 | 14.62% |
Bingrong Huang | 5.14 | 8.07% |
Hui Li | 4.84 | 7.59% |
Wenxiang Shi | 4.77 | 7.49% |
Xuanxuan YU | 3.93 | 6.17% |
Jiangping Shi | 3.60 | 5.65% |
Hui Zhang | 3.33 | 5.22% |
苏州中新兴富新兴产业投资合伙企业(有限合伙) | 2.38 | 3.73% |
上海慧锦投资中心(有限合伙) | 2.16 | 3.39% |
Shengchang Wang | 1.81 | 2.85% |
All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.
Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.
Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.