Brief Introduction

Jiangsu Maixinlin Aviation Science and Technology Corp. (688685. SH), was established on March 15, 2010, and was listed on the Sci-Tech innovation board (STAR Market)of Shanghai Stock Exchange (SSE) on May 13, 2021. The company focuses on the process development and manufacturing of aerospace parts. Since its establishment, the company has undertaken the process design and manufacturing of various types of aerospace parts, involving aircraft fuselage, wing, tail, engine, landing gear, electromechanical system, avionics system, etc. It is a private aerospace parts manufacturer with comprehensive processing capacity of engine parts and airborne equipment parts. After more than ten years of development, the company has formed two business sectors: aerospace parts and tooling, and precision parts for civil multi industry. In the aerospace parts and tooling business sector, the company's customers cover seven major military industry groups, and has been awarded the honorary titles of "excellent supplier of the year (Class A)" by customers for many times. In the civil multi industry precision parts business sector, the company has entered the supply chain system of well-known enterprises such as Toyota and Volkswagen.

Company Overview

Full name Jiangsu Maixinlin Aviation Science and Technology Corp.
Abbreviations MAIXINLIN
Code 688685
Founded 2010-03-15
Listing 2021-05-13
Domicile Suzhou, Jiangsu, China
Website http://www.maixinlin.com
Email maixinlin@maixinlin.com
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 0.61 0.55 0.27
R&D expenditure as a % of operating revenue 5.71% 6.82% 8.11%
Operating Revenue 288.63 249.17 183.44
Net Income 53.33 43.07 20.86

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 288.63 249.17 183.44
Operating Costs 184.15 157.11 119.60
Operating Income 59.25 47.98 22.97
Pretax Income 60.19 48.34 22.93
Income Tax 6.86 5.27 2.07
Net Income 53.33 43.07 20.86

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 373.67 397.08 240.73
Non-current Assets-Total 288.91 241.55 100.26
Total Assets 662.58 638.63 340.99
Liabilities
Current Liabilities-Total 152.41 245.04 91.73
Non-current Liabilities-Total 78.72 16.60 5.40
Total Liabilities 231.13 261.64 97.13
Stockholder's Equity
Share Capital 281.52 281.52 194.38
Retained Profits 127.60 76.40 34.23
Minority Interests 17.18 15.05 12.37
Total Owners' Equity 431.45 376.99 243.85

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 60.69 51.10 3.93
Net Cash Flows-Investing 16.44 -216.55 -15.85
Net Cash Flows-Financing -46.44 183.73 6.88

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
张友志 48.00 42.91%
Yili Suxin Investment Fund (L.P.) 7.82 6.99%
苏州新丝路中安创业投资合伙企业(有限合伙) 4.50 4.02%
苏州航飞投资中心(有限合伙) 4.25 3.80%
苏州康骞智达投资合伙企业(有限合伙) 3.80 3.40%
Small and Medium-sized Enterprises Development Fund (Jiangsu L.p.) 3.45 3.08%
苏州航迈投资中心(有限合伙) 3.00 2.68%
Shenzhen City Before The Sea Peng Chen Chuangzhi Investment Management Enterprises (L.P.) 3.00 2.68%
无锡智信创骐投资企业(有限合伙) 3.00 2.68%
富诚海富通迈信林员工参与科创板战略配售集合资产管理计划 2.80 2.50%
As of 2021-05-12

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