The independent innovation enterprise Jilin Yongda Group Co., Ltd. (abbreviation: Yongda Group) will soon be listed on the Shenzhen Stock Exchange. The company plans to publicly issue no more than 38 million A shares, which represents 25.33% of the total issued share capital. It is understood that the raised funds are mainly used for the company's permanent magnet switch renovation and expansion projects and working capital projects related to the main business, including an annual output of 8,000 12kV permanent magnet high voltage vacuum circuit breaker technological transformation project, with an annual output of 1200 40.5kV Permanent magnet high voltage vacuum circuit breaker and 8,000 universal permanent magnet low voltage vacuum circuit breaker construction projects, corporate marketing network construction projects 15,546,400 yuan, and other main business-related working capital projects. It is expected that after the raised capital investment project is completed and put into production, the company's production capacity and profitability will increase significantly, further improve the company's product structure, and effectively optimize the company's financial structure and reduce financial risks. The new production capacity formed after the completion of project implementation and its positive impact on R&D and sales will effectively enhance the company's technological level, lay a solid foundation for the company's future development, and enhance the company's core competitiveness.
Yongda Group was founded in 1986. After more than 20 years of continuous development, it has become a large-scale modernization of cross-power, electronics, transportation, and industrial automation industries integrating research and development, manufacturing, system integration, and import and export trade. High-tech enterprise group. The company's production of permanent magnet high and low voltage circuit breakers, contactors and other products, is one of the few switch manufacturers to obtain "well-known trademarks." Permanent magnet switch products are now sold nationwide with a wide range of applications. They are widely used in iron and steel, chemical, coal, power, railway, and petrochemical industries, and with Shougang, Baosteel, Angang, Benxi, Datang, Huadian, Guodian, Zhongdian, Huaneng. , Datong Coal Group, PetroChina Jilin Group and other leading companies in the industry.
The permanent magnet switch refers to an electrical switch equipped with a permanent magnet operating mechanism, and can be categorized as a power transmission and distribution equipment industry in a large category, and subdivision and classification can be categorized as an electrical switch industry. Compared with the spring switch, the permanent magnet switch has the advantages of long service life, high reliability, maintenance-free, small size, simple structure, low power consumption, and intelligent, and meets the future development trend of the electrical switch. Through more than ten years of independent R&D and technological innovation, Yongda Group has formed permanent magnet switch products with independent intellectual property rights, and has achieved high profitability through differentiated competition, becoming one of the leading companies in the emerging industry of permanent magnet switching in China.
As an innovative enterprise, Yongda Group has always been committed to pioneering and innovating new products and reserves a group of highly qualified personnel for this purpose. The company's existing technical staff of 160 people, including 33 senior engineers, engineers 43 people, enjoy the State Council government special allowance 2 technical experts. The company's technical personnel all have a solid theoretical basis and rich experience in the development and design of permanent magnet switches. Chairman Lv Yongxiang and Chief Engineer Dong Yuhua have been engaged in the research and development of automatic control and power electronics. They have solid theories and rich practical experience. They are mainly engaged in research and development of the permanent magnet switch control part of the company; Chief Engineer Liu Zhongmin is engaged in the production and R&D of industrial switches. For more than 40 years, he has extensive experience in switching production and design, mainly engaged in research and development of mechanical design and quality control of the company's permanent magnet switches; Guo Daxian, director of the two switching companies, was the earliest company engaged in the research and development of permanent magnet switching actuators and achieved success. Gao Yan, the head of the Institute of Automation Research, one of the production researchers, has long been engaged in research, development and innovation of substations and distribution automation system products and intelligent primary switchgears. He has completed provincial-level research and development projects for many years and is now conducting company-based smart permanent magnet vacuum solids. Switchgear projects and research and development of smart grid smart sensors and network products.
The company has obtained 3 invention patents and 16 utility model patents for its permanent magnet technology. It also owns one national key new product, one national torch plan project, and one science and technology SME innovation fund project of the Ministry of Science and Technology. One industrial base renovation project, one provincial key new product, and two brand-name products in Jilin Province. In the appraisal of the company's major new products, it has reached two internationally advanced levels of similar products, reached seven advanced levels of similar international products, reached three leading levels of domestic similar products, and reached 17 advanced levels of similar domestic products.
Electrical switch users often need multiple series and specifications of permanent magnet switch products in a project. To ensure the stability of the system operation, customers generally prefer to use the same brand of mature products, that is already applied in other companies and have good Run the recorded product. Therefore, a full range of electrical switch manufacturers will occupy certain advantages in the market competition. Yongda Group's permanent magnet switch products have complete specifications, including 8 series, 25 varieties and nearly 100 models. In terms of voltage level, the company's products cover 12kV series, 24kV series, 31.5kV series, 40.5kV series high voltage fields and low voltage areas; in the highest rated current range, the company's products cover current levels of 5,000A and below; in product categories On the company's products cover circuit breakers, contactors and combination appliances. Take 12kV high voltage switch as an example. The maximum rated current of permanent magnet switch produced by ABB is 3,150A, and the maximum rated current of permanent magnet switch produced by Terad is 2,000A (source: ABB website, Trude website). The maximum rated current of the company's rated voltage permanent magnet switch can reach 5,000A, and the applicable current range is more extensive.
Compared with multinational companies in the same industry, Yongda Group has a certain degree of competitiveness in many permanent magnet switch applications, both in terms of product performance and product line completion. Compared with the counterparts of multinational companies, the price of permanent magnet switch products with similar specifications and performance is about 30% to 70% that of multinational companies, and the cost-effectiveness advantage is even more obvious.
With the rapid development of domestic smart grid construction and distribution network automation, electrical switches must also be developed in the direction of intelligence and automation. In general, taking into account that the current permanent magnet switch is still in the product's market introduction period, and the permanent magnet switch output accounts for only about 5% in the high-voltage electrical switch, the annual growth rate of the industry in the electrical switch more than 20% and With the gradual emergence of permanent magnet switch substitution effects, the company will continue to exert its advantages in permanent magnet switch business, which is also the main driving force and guarantee for the company's future growth.
Evergrande Group has long insisted on its business strategy of "taking technological routes to product innovation and taking product differentiation to achieve high gross margins". It has also formed a technology-oriented corporate culture. According to the person in charge of the company, in the next few years, the company still adheres to this overall development strategy, concentrates on the development of permanent magnet switch technology, and strives to maintain a leading position in technology, products and brands, and strives to improve the market of permanent magnet switch products. Occupation rate, consolidating the status of permanent magnet switches as the leader in emerging markets.
Yongda Group was founded in 1986. After more than 20 years of continuous development, it has become a large-scale modernization of cross-power, electronics, transportation, and industrial automation industries integrating research and development, manufacturing, system integration, and import and export trade. High-tech enterprise group. The company's production of permanent magnet high and low voltage circuit breakers, contactors and other products, is one of the few switch manufacturers to obtain "well-known trademarks." Permanent magnet switch products are now sold nationwide with a wide range of applications. They are widely used in iron and steel, chemical, coal, power, railway, and petrochemical industries, and with Shougang, Baosteel, Angang, Benxi, Datang, Huadian, Guodian, Zhongdian, Huaneng. , Datong Coal Group, PetroChina Jilin Group and other leading companies in the industry.
The permanent magnet switch refers to an electrical switch equipped with a permanent magnet operating mechanism, and can be categorized as a power transmission and distribution equipment industry in a large category, and subdivision and classification can be categorized as an electrical switch industry. Compared with the spring switch, the permanent magnet switch has the advantages of long service life, high reliability, maintenance-free, small size, simple structure, low power consumption, and intelligent, and meets the future development trend of the electrical switch. Through more than ten years of independent R&D and technological innovation, Yongda Group has formed permanent magnet switch products with independent intellectual property rights, and has achieved high profitability through differentiated competition, becoming one of the leading companies in the emerging industry of permanent magnet switching in China.
As an innovative enterprise, Yongda Group has always been committed to pioneering and innovating new products and reserves a group of highly qualified personnel for this purpose. The company's existing technical staff of 160 people, including 33 senior engineers, engineers 43 people, enjoy the State Council government special allowance 2 technical experts. The company's technical personnel all have a solid theoretical basis and rich experience in the development and design of permanent magnet switches. Chairman Lv Yongxiang and Chief Engineer Dong Yuhua have been engaged in the research and development of automatic control and power electronics. They have solid theories and rich practical experience. They are mainly engaged in research and development of the permanent magnet switch control part of the company; Chief Engineer Liu Zhongmin is engaged in the production and R&D of industrial switches. For more than 40 years, he has extensive experience in switching production and design, mainly engaged in research and development of mechanical design and quality control of the company's permanent magnet switches; Guo Daxian, director of the two switching companies, was the earliest company engaged in the research and development of permanent magnet switching actuators and achieved success. Gao Yan, the head of the Institute of Automation Research, one of the production researchers, has long been engaged in research, development and innovation of substations and distribution automation system products and intelligent primary switchgears. He has completed provincial-level research and development projects for many years and is now conducting company-based smart permanent magnet vacuum solids. Switchgear projects and research and development of smart grid smart sensors and network products.
The company has obtained 3 invention patents and 16 utility model patents for its permanent magnet technology. It also owns one national key new product, one national torch plan project, and one science and technology SME innovation fund project of the Ministry of Science and Technology. One industrial base renovation project, one provincial key new product, and two brand-name products in Jilin Province. In the appraisal of the company's major new products, it has reached two internationally advanced levels of similar products, reached seven advanced levels of similar international products, reached three leading levels of domestic similar products, and reached 17 advanced levels of similar domestic products.
Electrical switch users often need multiple series and specifications of permanent magnet switch products in a project. To ensure the stability of the system operation, customers generally prefer to use the same brand of mature products, that is already applied in other companies and have good Run the recorded product. Therefore, a full range of electrical switch manufacturers will occupy certain advantages in the market competition. Yongda Group's permanent magnet switch products have complete specifications, including 8 series, 25 varieties and nearly 100 models. In terms of voltage level, the company's products cover 12kV series, 24kV series, 31.5kV series, 40.5kV series high voltage fields and low voltage areas; in the highest rated current range, the company's products cover current levels of 5,000A and below; in product categories On the company's products cover circuit breakers, contactors and combination appliances. Take 12kV high voltage switch as an example. The maximum rated current of permanent magnet switch produced by ABB is 3,150A, and the maximum rated current of permanent magnet switch produced by Terad is 2,000A (source: ABB website, Trude website). The maximum rated current of the company's rated voltage permanent magnet switch can reach 5,000A, and the applicable current range is more extensive.
Compared with multinational companies in the same industry, Yongda Group has a certain degree of competitiveness in many permanent magnet switch applications, both in terms of product performance and product line completion. Compared with the counterparts of multinational companies, the price of permanent magnet switch products with similar specifications and performance is about 30% to 70% that of multinational companies, and the cost-effectiveness advantage is even more obvious.
With the rapid development of domestic smart grid construction and distribution network automation, electrical switches must also be developed in the direction of intelligence and automation. In general, taking into account that the current permanent magnet switch is still in the product's market introduction period, and the permanent magnet switch output accounts for only about 5% in the high-voltage electrical switch, the annual growth rate of the industry in the electrical switch more than 20% and With the gradual emergence of permanent magnet switch substitution effects, the company will continue to exert its advantages in permanent magnet switch business, which is also the main driving force and guarantee for the company's future growth.
Evergrande Group has long insisted on its business strategy of "taking technological routes to product innovation and taking product differentiation to achieve high gross margins". It has also formed a technology-oriented corporate culture. According to the person in charge of the company, in the next few years, the company still adheres to this overall development strategy, concentrates on the development of permanent magnet switch technology, and strives to maintain a leading position in technology, products and brands, and strives to improve the market of permanent magnet switch products. Occupation rate, consolidating the status of permanent magnet switches as the leader in emerging markets.
Bao Ding Tian Wei Group Transformer Co., Ltd. , http://www.jspowertransformer.com