Brief Introduction

Shanghai HIUV New Materials Co.,Ltd. is a high-tech enterprise with film technology as its core. The company focuses on the research and manufacture of new film materials, and is committed to providing medium and high-end film products, supporting technical services and overall solutions for customers in many fields.

The company successfully landed on the science and Technology Innovation Board of Shanghai Stock Exchange on January 22nd, 2021. The stock is abbreviated as Haiyou Xincai, and the securities code is 688680.

The company is famous for its strong R & D capabilities, leading technology and full product series in the field of solar PV module packaging materials industry, and has become a benchmark enterprise of quality and technology innovation of module packaging materials in the photovoltaic industry. The company has developed and produced various packaging materials for solar photovoltaic modules, which has been widely approved by the industry. The products have been widely used by major power generation groups and first-line photovoltaic module manufacturers. In terms of high quality EVA film with anti-PID and snail pattern resistance, the company has always maintained leading position in the world, providing high cost-effective packaging solutions for photovoltaic modules in the industry. At the same time, the company has successfully developed the white pre-crosslinked EVA adhesive film for single glass module, multilayer coextrusion Poe film for high yield double glass module, perc single crystal, n-type single crystal, and Poe packaging adhesive film for hit double-sided power generation module, which provides a new way to reduce cost, improve quality and increase efficiency for photovoltaic module industry. After the rapid development in recent years, the company has become one of the most important and influential packaging materials suppliers in the solar PV module industry.

Company Overview

Full name Shanghai HIUV New Materials Co.,Ltd.
Abbreviations HIUV
Code 688680
Founded 2005-9-22
Listing 2021-1-22
Domicile Shanghai
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 3.54 1.09 0.45
R&D expenditure as a % of operating revenue 4.42% 3.64% 3.54%
Operating Revenue 1,481.09 1,063.22 715.43
Net Income 223.23 66.88 27.51

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,481.09 1,063.22 715.43
Operating Costs 1,245.17 996.15 691.71
Operating Income 254.19 69.96 27.70
Pretax Income 253.92 72.42 27.89
Income Tax 30.69 5.54 0.38
Net Income 223.23 66.88 27.51

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,194.71 810.73 633.71
Non-current Assets-Total 332.93 233.34 186.85
Total Assets 1,527.64 1,044.07 820.56
Current Liabilities-Total 739.52 466.91 353.19
Non-current Liabilities-Total 35.39 34.30 17.49
Total Liabilities 774.91 501.21 370.68
Stockholder's Equity
Share Capital 63.01 63.01 61.11
Retained Profits 391.93 182.06 122.89
Total Owners' Equity 752.73 542.86 449.88

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -165.79 -10.29 -117.21
Net Cash Flows-Investing -52.80 -20.22 -1.91
Net Cash Flows-Financing 284.66 103.15 114.31

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
李民 20.02 23.83%
李晓昱 8.73 10.40%
齐明 3.76 4.48%
全杨 3.30 3.94%
深圳鹏瑞集团有限公司 2.97 3.55%
昆山分享股权投资企业(有限合伙) 2.03 2.42%
前海股权投资基金(有限合伙) 1.75 2.08%
上海海优威新投资管理合伙企业(有限合伙) 1.72 2.05%
北京同创共享创业投资中心(有限合伙) 1.52 1.81%
上海海优威投资有限公司 1.46 1.75%
As of 2021-03-31

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