Brief Introduction

Since the establishment of the company, it has been continually focusing on the research and development and manufacturing of satellite application technology-related products. The company is a high-tech enterprise that designs, manufactures, and sells satellite navigation and satellite communication terminal equipment;The main products include satellite navigation, satellite communication, and other products.

The company's satellite navigation products are mainly navigation terminal equipment and core components based on the Beidou satellite navigation system, including satellite navigation receivers, components, special test equipment, etc.The company’s satellite communication products mainly include satellite communication antenna and its components, including mobile communication antenna, beacon, and tracking receiver products.

The company focuses on independent innovation and continues to increase its R&D expenses. It has established a complete R&D system and a strong team; After years of research, has fully mastered the core technologies of satellite navigation and satellite communications terminal equipment.

Through years of operating, the company has accumulated rich experiences in project and quality management, product quality, and service level, and won the recognition of the clients.

Company Overview

Abbreviations M&S ELECTRONICS
Code 688311
Founded 2013-09-06
Listing 2020-07-31
Domicile Chengdu
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.09 0.86 0.40
R&D expenditure as a % of operating revenue 13.19 9.96 14.25
Operating Revenue 423.23 283.07 202.49
Net Income 107.05 73.06 32.28

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 423.23 283.07 202.49
Operating Costs 152.06 96.49 71.10
Operating Income 124.49 79.34 38.91
Pretax Income 125.38 79.10 38.52
Income Tax 18.33 6.04 6.24
Net Income 107.05 73.06 32.28

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,677.12 576.44 355.95
Non-current Assets-Total 459.60 295.52 229.63
Total Assets 2,136.72 871.96 585.58
Current Liabilities-Total 346.63 253.94 166.61
Non-current Liabilities-Total 145.65 97.39 55.72
Total Liabilities 492.28 351.33 222.33
Stockholder's Equity
Share Capital 1,462.88 405.98 321.68
Retained Profits 181.56 114.64 41.58
Total Owners' Equity 1,644.44 520.62 363.26

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 69.09 26.87 50.26
Net Cash Flows-Investing -725.38 -93.47 -68.22
Net Cash Flows-Financing 1,019.36 160.66 -32.91

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
成都荣投创新投资有限公司 33.21 28.96
宁波盟升志合企业管理合伙企业(有限合伙) 8.37 7.3
成都金控弘合股权投资管理有限公司-成都弘升衡达互强企业管理合伙企业(有限合伙) 5.93 5.17
成都金控弘合股权投资管理有限公司-成都弘升衡达精诚企业管理合伙企业(有限合伙) 4.40 3.83
中国建设银行股份有限公司-易方达国防军工混合型证券投资基金 3.93 3.43
深圳蓝海优创基金管理有限公司-成都蓝海同创企业管理中心(有限合伙) 3.62 3.16
XiangRong 3.17 2.77
宜宾市智溢酒业有限公司 2.97 2.59
宁波盟升创合企业管理合伙企业(有限合伙) 2.79 2.43
北京泰中合投资管理有限公司-共青城泰中成鹏股权投资合伙企业(有限合伙) 1.96 1.71
As of 2021-03-31

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