Brief Introduction

JOUAV, established in 2010, a high-tech enterprise, presdent unit of Chengdu UAV Industry Association, an outstanding private enterprise in Sichuan. JOUAV focuses on the research, developentment, production, sales and service of industrial drone-related products. It is committed to providing customers with intelligent, standardized, and tool-based industrial drone systems. Also,It is one of the leading and most competitive UAV enterprises in China.

Since its establishment, the company has focused on the developent, production, sales and service of industrial UAV-related products. It is committed to providing customers with intellgent, standardized and tool-oriented industrial drone systems. JOUAV takes VTOL fixed-wing UAV systems as its core products, and currently has seven series of verticals,namely CW-007, CW-10, CW-15, CW-20, CW-25, CW-30 and CW-100, the maximum take-off weight covers 6.8 ~ 105 kg, flight time covers 1 ~ 8 hours, JOUAV’s products are widely used in surveying and mapping and geographic information, patrol inspection, security monitoring,emergency and other fields.Main customers Including the National Basic Geographic Information Center, surveying and mapping institutes of various provinces and cities, CHCNAV, SOUTH, State Grid, China Southern Power Grid, China Earthquake Administration, China Flight Test Research Institute and other well-known enterprises and research institutes.

Company Overview

Full name Chengdu JOUAV Automation Tech Co.,Ltd.
Abbreviations JOUAV
Code 688070
Founded 2010-04-08
Listing 2021-02-10
Domicile Chengdu
Website www.jouav.com
Email ir@jouav.com
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 0.62 0.60 0.40
R&D expenditure as a % of operating revenue 10.26% 9.51% 13.78%
Operating Revenue 271,808,806.76 210,760,336.53 116,574,331.32
Net Income 39,940,973.82 42,269,238.81 23,942,168.60

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 271.81 210.76 116.57
Operating Costs 120.83 91.65 42.01
Operating Income 45.74 48.53 27.15
Pretax Income 43.49 47.84 26.29
Income Tax 3.55 5.57 2.35
Net Income 39.94 42.27 23.94

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 322.11 319.99 144.37
Non-current Assets-Total 104.13 52.90 27.55
Total Assets 426.24 372.89 171.92
Liabilities
Current Liabilities-Total 84.30 92.35 42.18
Non-current Liabilities-Total 50.59 11.44 6.73
Total Liabilities 134.89 103.79 48.91
Stockholder's Equity
Share Capital 208.17 212.875 109.04
Retained Profits 83.16 52.23 13.09
Minority interests 0.01 4.00 0.88
Total Owners' Equity 291.34 269.11 123.01

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -22.16 30.95 8.53
Net Cash Flows-Investing -70.05 8.42 -24.85
Net Cash Flows-Financing 18.81 98.46 6.36

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held

Ren Bin

20.50 23.41%

Wang Chen

13.67 15.61%
ChengduYongxin Dapeng Enterprise Management Center (Limited partnership) 9.00 10.28%
Shenzhen Decent Capital Investment Co., Ltd 8.64 9.87%

Chen Peng

6.03 6.89%
Shenzhen Nanshan AVIC Unmanned System Equity Investment Fund Partnership Enterprise  (Limited Partnership) 2.74 3.12%
Chengdu Eagle Strike Air Investment Center (Limited Partnership) 1.58 1.80%
Shenzhen Talent Innovation and Entrepreneurship Phase 3 Equity Investment Fund Partnership (Limited Partnership) 1.56 1.78%
Guotai Junan Jun xiang START MARKET vertical and horizontal shares 1 strategic placing collective asset management plan 1.42 1.62%
Chengdu Xiangcheng Xingshen Venture Capital Co., Ltd 1.37 1.56%
 

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