Hangzhou Hua Guang Advanced Welding Materials Co., Ltd. has been focusing on the R&D of brazing technologies and the manufacture of premium brazing products. Through 25 years of innovation and growth, the company has become one of the leading enterprises of the nation's brazing industry. Hua Guang Welding has won multiple prestigious awards such as “Single Champion” of the mid to high temperature brazing alloys manufacturing industry and the second prize of National Science and Technology Progress,grand prize of “China Mechanical Industry Science and Technology Award”. It has an outstanding position in the market, and counts well-known companies such as Midea, Gree, CRRC, Galanz, Mitsubishi, Panasonic, Hitachi, etc as its customers. The abbreviation of the company is Hua Guang Welding, and its stock ticker is 688379.
Hua Guang Welding has its own Zhejiang Provincial-Level Key R&D Institute, Provincial-Level Technology Centre, Zhejiang Post-Doctoral Research Centre and other innovation platforms. The company is proactive in industry-university research cooperation, and has participated in many key research projects of the national and provincial levels. It is the first drafting member of the national standard GB/T 10046:2018 “Silver Brazing Alloy”, and has participated in the drafting of 4 other national standards including “Copper-Based Brazing Alloy” and a number of industrial standards. The company has been granted 30 patents and 45 utility model patents.
Brazing alloys have very broad applications in modern industry. Hua Guang Welding's mission is to provide intelligent, environmental-friendly and efficient welding solutions while focusing on the needs of customers, as well as to build a collaboration platform in the industrial chain to enhance value creation. The company will continue to develop new products for the applications of HVAC-R industrial chain, household appliance, vacuum device, electric motor, automobile, carbide tool, electric device, glasses, rail transport, aerospace and other industries.
Upholding its core values of “integrity, diligence, innovation & devotion”, the company will continue to focus on the R&D, manufacture and sales of brazing products, and it will also continue to provide high-quality brazing solutions to its down-stream industries. In the future, Hua Guang Welding will utilize its advantages in areas such as technical innovation, customer base, and commercialization to consolidate its leading position in the nation's brazing industry. At the same time, the company will partner with researchers and enterprises in the electric paste, solder and high temperature brazing alloy fields to develop innovative products to meet market demand. Through collaboration, Hua Guang Welding aims to enhance industrial joining technologies, and to create value for the entire industrial chain. Hua Guang Welding is dedicated to becoming an internationally influential brazing alloys and brazing solutions provider.
| Full name | Hangzhou Huaguang Advanced Welding Materials Co., Ltd. |
|---|---|
| Abbreviations | HuaguangWelding |
| Code | 688379 |
| Founded | 1997-11-19 |
| Listing | 2020-08-19 |
| Domicile | hangzhou |
| Website | http://www.cn-huaguang.com |
| bdo@cn-huaguang.com | |
| STAR Theme | New Materials |
| CSRC Sector | Manufacturing |
| Has weighted voting rights structure? | No |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Earnings Per Share | 0.88 | 0.90 | 0.75 |
| R&D expenditure as a % of operating revenue | 4.18% | 4.59% | 3.58% |
| Operating Revenue | 860.35 | 767.41 | 670.08 |
| Net Income | 64.68 | 59.32 | 49.43 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Operating Revenue | 860.35 | 767.41 | 670.08 |
| Operating Costs | 705.83 | 615.43 | 544.36 |
| Operating Income | 71.53 | 65.78 | 54.58 |
| Pretax Income | 71.95 | 65.60 | 55.14 |
| Income Tax | 7.27 | 6.27 | 5.71 |
| Net Income | 64.68 | 59.32 | 49.43 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 911.83 | 600.59 | 567.83 |
| Non-current Assets-Total | 218.57 | 201.70 | 163.65 |
| Total Assets | 1210.39 | 802.29 | 731.48 |
| Liabilities | |||
| Current Liabilities-Total | 302.42 | 278.23 | 266.19 |
| Non-current Liabilities-Total | 16.95 | 16.85 | 17.40 |
| Total Liabilities | 319.37 | 295.08 | 283.59 |
| Stockholder's Equity | |||
| Share Capital | 493.22 | 174.09 | 174.09 |
| Retained Profits | 398.36 | 333.13 | 273.80 |
| Total Owners' Equity | 891.02 | 507.21 | 447.89 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Net Cash Flows-Operating | -335.22 | -150.13 | -188.41 |
| Net Cash Flows-Investing | -121.88 | -49.76 | -8.86 |
| Net Cash Flows-Financing | 462.02 | 216.36 | 200.62 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| 金李梅 | 32.78 | 37.25 |
| 杭州通舟投资管理有限公司 | 9.35 | 10.63 |
| 王晓蓉 | 6.27 | 7.13 |
| 浙江省创业投资集团有限公司 | 6.05 | 6.88 |
| 嘉兴巴富罗一号股权投资合伙企业（有限合伙） | 3.43 | 3.9 |
| 杭州城卓创业投资合伙企业（有限合伙） | 2.2 | 2.5 |
| 浙江斗岩投资合伙企业（有限合伙） | 1.76 | 2 |
| 杭州余杭金融控股集团有限公司 | 1.65 | 1.88 |
| 杭州通元优科创业投资合伙企业（有限合伙） | 1.58 | 1.8 |
| 银河源汇投资有限公司 | 1.1 | 1.25 |
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.