Brief Introduction

Tianjin Jiuri New Materials Co., Ltd. (Securities abbreviation:Jiuri New Materials, stock code: 688199) was founded in 1998. It's mainly engaged in the R&D, manufacturing and sales of photoinitiator. It is the supplier with the largest output and most varieties in China. Jiuri has global influence and strong competence in production varieties, R&D, service, stable supply capabilities and brand influence.

Jiuri adheres to the business philosophy of "taking technology as the core, market as the guidance and quality as the guarantee". Through focusing on innovation and development, Jiuri contributes to providing environmentally friendly, energy-saving and efficient UV curing products, technologies and services for the prevention and control of air pollution and the industrial upgrading of downstream industries. In addition, in order to improve the professional and technical service capacity to meet the personalized needs of downstream customers, Jiuri also positively explores the mixed use of various types of photoinitiator and the R&D of the combination of photoinitiator, monomers and resins.

Jiuri is a national high-tech enterprise with outstanding technical and scientific research capability. Jiuri has established "National Enterprise Technology Center" and "Tianjin Photoinitiator Technology Engineering Center". Besides, Jiuri also ranked in "Single Champion Demonstration Enterprise of the Manufacturing Industry" of the Ministry of Industry and Information Technology. As of December 31, 2020, Jiuri and its subsidiaries have 1004 employees in total among whom 4 with doctoral degree and 38 with master's degree, college and above degree accounting for 33.76% including 192 R&D technicians. Jiuri has set up a modern R&D center in the headquarter and employed senior professors of Nankai University as technical consultants. With the effort of self-development and innovation, so far, Jiuri has 61 patents including 53 innovation patents and 8 patents for utility model.

The business strategy of Jiuri is "industrial integration, horizontal expansion and vertical extension". Focusing on the existing products and markets, Jiuri will implement global business strategy which means that the company will constantly enrich the product lines and expand the business influence in photoinitiator industry by enhancing the product diversification development strategy. Jiuri will gradually enhances R&D, production and sales of special monomers, resins and other photoinitiator raw materials to further expand market share and improve comprehensive competitive advantage to build the company into a global leader in the photoinitiator industry, and realize the vision of becoming a "global leader in photoinitiator materials". Jiuri has established the development direction of "taking the light curing industry as the core, taking the semiconductor industry as the focus". Based on maintaining the leading position in the photoinitiator field, Jiuri will actively expand to the downstream of the photocuring industrial chain and electronic chemical materials, and make contributions to the development of related fields.

Company Overview

Full name Tianjin Jiuri New Materials Co., Ltd.
Abbreviations Jiuri
Code 688199
Founded 1998/10/30
Listing 2019/11/5
Domicile Tianjin
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.23 2.85 2.21
R&D expenditure as a % of operating revenue 5.16% 4.97% 4.30%
Operating Revenue 1,011.42 1,334.87 1,005.16
Net Income 136.74 248.69 175.93

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,011.42 1,334.87 1,005.16
Operating Costs 908.33 1034.82 776.51
Operating Income 162.51 299.25 216.55
Pretax Income 164.89 297.34 213.18
Income Tax 28.50 48.76 37.25
Net Income 136.39 248.57 175.93

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,303.73 2,213.56 622.16
Non-current Assets-Total 999.49 760.07 609.49
Total Assets 3,303.22 2,973.63 1,231.65
Current Liabilities-Total 672.66 382.16 386.44
Non-current Liabilities-Total 14.10 23.06 59.93
Total Liabilities 686.76 305.22 446.38
Stockholder's Equity
Share Capital 2,151.97 2,450.75 394.76
Retained Profits 539.22 512.74 389.38
Total Owners' Equity 2,616.46 2,668.41 785.27

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 190.98 153.90 126.82
Net Cash Flows-Investing -437.34 -1,522.35 -39.44
Net Cash Flows-Financing 145.95 1,518.83 -24.48

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Guofeng Zhao 19.77 17.78%
Minyu Xie 6.37 5.73%
Shenzhen Capital Group Co.,Ltd 5.42 4.88%
Tianjin Jiuri New Materials Co., Ltd. Special securities account for repurchase 2.82 2.54%
Fashu Chen 1.99 1.79%
Dingtaihaifu Investment Fund Management Co.,Ltd. 1.92 1.72%
Hebei Guochuang Venture Capital Co.,Ltd. 1.70 1.53%
Lixin Wang 1.49 1.34%
Jinsheng Xiang 1.40 1.26%
Pacific Securities Co.,Ltd. 1.39 1.25%
31 Mar 2021

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