Brief Introduction

Hyatech is a high-tech enterprise focusing on the R&D, production and sales of key aero-engine parts and forged medical orthopedic implants, mainly providing products of aero-engine compressor blades, rotating parts and structural parts (blisks, cases, turbine disks, compressor disks and other disk parts, rectifiers, rotor assemblies, etc.), medical orthopedic implant forgings and other high-performance parts.

The company adheres to the concept of "integrated innovation, lean intelligent manufacturing", focuses on the development and application of new materials, technologies and processes of key aero-engine parts, and has achieved strong engineering and technical capabilities regarding precision forging near net forming and precision machining. By introducing advanced manufacturing technologies, the company has established an advanced engineering technology system and can provide complete and reliable engineering manufacturing technologies to support the engineering and industrialization of Chinese aero-engine parts.Since its establishment, the company has undertaken a number of major research projects for manufacturing key aero-engine parts, including research and application of precision forging technology for titanium alloy and high-temperature alloy compressor blades, research of advanced turbine disk machining technology, development and industrialization of blisks.

The company has highly integrated workshop production process, MES system and quality control system to integrate multiple intelligent systems related to automatic production scheduling, intelligent quality data analysis, paperless process, etc., which enables Hyatech to lead in the intelligent manufacturing level of aviation parts in China with high efficiency and rapid response.

The company's management team has rich industry experience and leads the company to advance towards higher goals. In view of highly integrated product technologies, Hyatech has established a high-quality talent team with different professional backgrounds to provide best quality products and services and continuously create value for customers.

The company is currently a domestic-funded enterprise which can achieve large-scale mass production of compressor blades with precision forging technology and supply products to international and domestic leading engine manufacturers, such as AECC, SAFRAN, RR, GE Aviation, etc. Relying on advanced forging technology and engineering strength in the aviation industry, the company has entered the field of medical orthopedic implant forgings, and has established stable cooperation relationships with major medical device companies both at home and abroad, such as Johnson & Johnson, Smith & Nephew, WEGO, Akcome, and MicroPort.

Company Overview

Full name Wuxi Hyatech Co., Ltd.
Abbreviations Hyatech
Code 688510
Founded 2013-01-30
Listing 2020-12-16
Domicile Wuxi
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? Not



  2020 2019 2018
Earnings Per Share 0.31 0.22 0.08
R&D expenditure as a % of operating revenue 10.25% 13.89% 11.93%
Operating Revenue 68.23 45.38 13.08
Net Income 59.54 40.20 11.98

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 68.23 45.38 13.08
Operating Costs 163.67 152.78 106.39
Operating Income 301.12 257.60 161.44
Pretax Income 67.76 45.35 13.10
Income Tax 8.21 5.15 1.12
Net Income 59.54 40.20 11.98

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 779.41 253.34 261.67
Non-current Assets-Total 431.40 374.44 272.73
Total Assets 1,210.80 627.78 534.40
Current Liabilities-Total 223.49 184.59 157.05
Non-current Liabilities-Total 4.68 3.65 1.08
Total Liabilities 270.26 221.09 167.91
Stockholder's Equity
Share Capital 850.46 376.15 377.87
Retained Profits 89.36 29.46 -12.72
Minority Interests 0.72 1.08 1.35
Total Owners' Equity 940.54 406.69 366.49

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 52.60 57.49 38.38
Net Cash Flows-Investing -151.30 -82.34 -170.52
Net Cash Flows-Financing 500.93 25.49 121.99

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
严奇 37.32 14.44%
阮仕海 21.88 8.47%
中国航发资产管理有限公司 20.00 7.74%
伊犁苏新投资基金合伙企业(有限合伙) 18.44 7.14%
北京华睿互联创业投资中心(有限合伙) 13.91 5.38%
江苏新苏投资发展集团有限公司 12.00 4.64%
无锡华航科创投资中心(有限合伙) 10.03 3.88%
无锡通汇投资有限公司 10.00 3.87%
吴兆方 8.07 3.12%
沈稚辉 7.50 2.90%
As of 31 MAR 2021

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