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.
| Full name | Wuxi Hyatech Co., Ltd. |
|---|---|
| Abbreviations | Hyatech |
| Code | 688510 |
| Founded | 2013-01-30 |
| Listing | 2020-12-16 |
| Domicile | Wuxi |
| Website | www.hyatech.cn |
| IRM@hyatech.cn | |
| 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 |
| 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 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| 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 |
| Liabilities | |||
| 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 |
| 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 |
| 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% |
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