"The first stock of military coatings" Huaqin Technology went public, making "invisibility cloaks" for national defense weapons and equipment

On March 7, Huaqin Technology, the first share of military coatings, was listed on the Science and Technology Innovation Board

From 2019 to 2021, Huaqin Technology achieved operating income of approximately RMB 117 million, RMB 414 million, and RMB 512 million, respectively, corresponding to attributable net profit of approximately RMB -106 million, RMB 155 million, and RMB 233 million, all at a year-on-year rate.

Regarding the company's performance in the first quarter of 2022, Huaqin Technology is expected to achieve operating income of 130 million-150 million yuan, a year-on-year increase of 177.

Huaqin Technology said that the company expects that its performance in January-March 2022 will improve compared with last year, mainly due to the steady increase in the company's operating performance due to the increase in the company's downstream market demand

In addition, according to the company's calculations, the company's operating income in 2021 is 511.

In terms of product types, the company's main business includes special functional material products and technical services

In terms of profitability, the company's core products have high gross profit margins, while mass production drives the company's expense ratio to decrease year by year

It is worth noting that the company actively explores the transformation of military technology to civilian use

The company's IPO raised a net amount of 2.

Huaqin Technology said that the company takes solving the urgent needs of China's national defense technology industry as its own responsibility, adheres to the product development strategy of "equipment generation, pre-research generation, exploration generation", closely follows the scientific research and production process of major national equipment, and increases its own scientific research investment and talents.

While maintaining the competitiveness of the existing core products, the company will take advantage of the "high, precise and sharp" advantages of military technology to apply military technology to the civilian field, further develop a series of civilian products such as heavy-duty anti-corrosion materials and high-efficiency thermal resistance materials, and vigorously expand Related business, enrich the company's product sequence, strive to open up new market opportunities, and enhance the company's business scale and profitability