Brief Introduction

Nanjing Develop is a leading component manufacturer for oil & gas industry, listed in Shanghai Stock Exchange. Company products cover sectors in Subsea drilling & production, shale gas fracturing, surface wellhead tree, BOP, high pressure fluid, transportation system, wind power and nuclear power industries.

Focusing on material R&D and lean manufacturing, Nanjing Develop has fully integrated manufacturing processes from forging, heat treatment, CNC machining, Cladding and testing and owns an ISO 17025 laboratory. Company participates in various formulation and setting the local National & Industrial standards. Company obtains many patents in materials & NDT testing. Company has strong accumulated experiences in manufacturing, thermal reverse extrusion forming, precision forming, heat treatment, ultrasonic detection, and process simulation technologies, and has formed a certain competitive advantage in the Subsea, fracturing and other high-end components markets.

Nanjing Develop has become one of the largest and most advanced component manufacturers for oil & gas industry in China. Products are exported to the United States, Canada, Europe, Brazil, Singapore, Middle East, Southeast Asia and other countries and regions. Nanjing Develop becomes a distinctive supplier in the global supply chain for many internationally renowned oil service companies and oil equipment companies.

Company Overview

Full name Nanjing Develop Advanced Manufacturing Co., Ltd
Abbreviations DEVELOP
Code 688377
Founded 2009-08-19
Listing 2020-07-08
STAR Theme High-end Equipment(高端装备)
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.48 0.65 0.36
R&D expenditure as a % of operating revenue 5.01% 4.16% 3.05%
Operating Revenue 708.10 693.90 502.53
Net Income 80.26 94.82 51.88

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 708.10 693.90 502.53
Operating Costs 635.74 588.07 444.73
Operating Income 83.30 109.08 57.33
Pretax Income 88.40 107.21 59.71
Income Tax 10.18 13.27 7.84
Net Income 80.26 94.82 51.88

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,273.92 661.26 520.12
Non-current Assets-Total 589.24 526.67 483.62
Total Assets 1,863.16 1,187.93 1,003.74
Current Liabilities-Total 282.45 404.49 335.69
Non-current Liabilities-Total 49.26 54.09 50.51
Total Liabilities 331.71 458.58 386.20
Stockholder's Equity
Share Capital 1,127.67 403.79 403.07
Retained Profits 389.54 309.29 214.47
Minority interests 14.24 16.27 _
Total Owners' Equity 1,531.45 729.35 617.54

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 154.39 76.27 51.02
Net Cash Flows-Investing -674.83 -49.28 -33.53
Net Cash Flows-Financing 633.76 -34.88 -15.17

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
NanjingDevelop Industrial And Commercial Co., Ltd. 50.25 25.81%
Jianmin Yang 21.75 11.17%
Yueling Li 15.95 8.19%
Weidong Lu 13.20 6.78%
Zhaoping Ye 6.80 3.49%
Hong Zhang 6.55 3.36%
Shu Yang 6.20 3.18%
NanjingDevelop Enterprise Management Consulting Co., Ltd. 6.00 3.08%
Benming Yang 5.00 2.57%
Wei Lu 3.30 1.7%
As of 2021-03-31

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