Brief Introduction

Founded in September 2001, the Guangdong Jiayuan Technology Co., Ltd. is a company that specializes in the development, production and sales of high-performance electrolytic copper foils. The Company has an annual production capacity of 21,000 tons of copper foils, which are mainly used in the li-ion battery industry and ultimately applied to new energy vehicle batteries, energy storage devices and electronic products. On July 22nd, 2019, the Company became one of the first 25 Chinese enterprises to get listed on the Shanghai Stock Exchange (SSE) STAR Market (stock code: 688388). Both production and marketing thrived in the first quarter of 2021, during which the Company had an operating income of 530 million yuan and a net profit of 110 million yuan. It now employs 1,060 people.

The Company has successively been identified as a national enterprise technology center, a national model enterprise for technological innovation, a Chinese enterprise with an advantage in IPRs, and a high-tech enterprise. It is the only Chinese copper foil manufacturer to be named a national enterprise technology center by five ministries and commissions including the National Development and Reform Commission (NDRC). As a national model enterprise for technological innovation named by the Ministry of Industry and Information Technology, the Company has achieved a new breakthrough in obtaining national R&D and innovation qualifications.

With focus on the R&D and innovation of core technologies related to copper foil manufacturing, the Company has established the Guangdong Provincial Key Laboratory for Enterprises, Guangdong Provincial Engineering Technology R&D Center and Guangdong Provincial Enterprise Technology Center, and established stable industry-university-research cooperation with well-known Chinese colleges and universities. It has undertaken more than 40 scientific research projects of various types including 1 project under the China Torch Program, 1 national key new product project, 5 provincial major projects, and 7 provincial key technical projects; directed the formulation of 1 national standard, and participated in the formulation of 2 national standards, 1 industry standard and 1 local standard; has 208 intellectual property patents, 52 of which are invention patents.

Company Overview

Full name Guangdong Jiayuan Technology Co.,Ltd.
Abbreviations Jiayuan Technology
Code 688388
Founded 2001-09-29
Listing 2019-07-22
Domicile Wenshe village, Yanyang Town, Meixian District
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.81 1.67 1.02
R&D expenditure as a % of operating revenue 6.03% 4.37% 3.32%
Operating Revenue 1,202,178,945.26 1,446,049,703.58 1,153,305,551.31
Net Income 186,491,360.57 330,975,558.80 176,431,125.38

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,202 1,446 1,153
Operating Costs 911 944 839
Operating Income 214 383 212
Pretax Income 211 380 203
Income Tax 25 50 27
Net Income 186 331 176

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,783 2,016 382
Non-current Assets-Total 1,158 637 631
Total Assets 2,941 2,653 1,013
Current Liabilities-Total 252 46 213
Non-current Liabilities-Total 58 64 97
Total Liabilities 310 110 310
Stockholder's Equity
Share Capital 231 231 173
Retained Profits 683 614 336
Total Owners' Equity 2,631 2,544 703

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 91 472 135
Net Cash Flows-Investing 295 -1,153 -178
Net Cash Flows-Financing 8 1,289 69

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Guangdong Jiayuan Industrial Investment Co., Ltd. 63.32 27.43%
Lai Shichang 12.84 5.56%
Shenzhen Qianhai Chunyang Asset Management Co., Ltd. - Nanping Xinyang equity investment partnership (limited partnership) 7.43 3.22%
Industrial and Commercial Bank of China Limited - ABC Huili new energy theme flexible allocation of hybrid securities investment fund 6.94 3.01%
Ningbo Meishan Bonded Port Fengsheng Liuhe New Energy Investment Partnership (Limited Partnership) 4.84 2.10%
China Merchants Bank Co., Ltd. - Huaxia SSE STAR MARKET 50 component trading open index securities investment fund 4.63 2.01%
Rongsheng Venture Capital Co., Ltd. 3.84 1.66%
Xinhua Life Insurance Co., Ltd. - dividend - individual dividend - 018L-FH002 3.82 1.65%
Wang Zhijian 2.43 1.05%
Industrial and Commercial Bank of China Limited - ABC Huili industry 4.0 flexible allocation of hybrid securities investment fund 2.37 1.03%
As of 2021-03-31

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