On September 21, the Fifth (2019) Value Creation Forum of China's Manufacturing Listed Companies and the Intelligent Manufacturing Digitalization and Advanced Manufacturing Innovation Development Summit were jointly organized by the State-owned Assets Supervision and Administration Commission of the State Council and the People's Government of Hai'an City, Jiangsu Province. Held in Hai'an, Jiangsu. Dongxu Optoelectronics was awarded the "Top 500 Value-creating Listed Companies in Chinese Manufacturing Industry in 2019".
According to reports, the value creation forum of listed Chinese manufacturing companies has been held for five consecutive years since it was held in 2015. The theme of this forum will be "deepen the industrial Internet, promote the high-quality development of advanced manufacturing industries, and create a new ecological innovation environment for intelligent manufacturing industries". At the same time, it released the "2019 Top 500 Chinese Manufacturing Listed Companies in Value Creation."
As we all know, manufacturing industry is the pillar industry of the national economy, especially the equipment manufacturing industry. It is an important indicator of the true comprehensive strength and international competitiveness of a country or region. Listed manufacturing companies are an important part of China's manufacturing industry and a concentrated reflection of the overall strength of the manufacturing industry. Therefore, their value creation ability not only represents the value creation ability of China's manufacturing industry, but also directly affects the development of China's manufacturing industry.
Quantitatively, manufacturing companies still dominate the A-share listed companies. As of June 30, 2019, there were 3,638 A-share listed companies. According to the latest "Sectoral Guidelines for Listed Companies by the Securities Regulatory Commission", there are 2,357 listed companies in the manufacturing industry, accounting for 62.73%.
Therefore, the "2019 Top 500 Chinese Manufacturing Listed Companies Value Creation Companies" was selected by the research team from the 2357 listed A-share manufacturing companies listed above through a comprehensive assessment of corporate capital value, industrial value, social value and innovation value. . Therefore, Dongxu Optoelectronics is worthy of its name this time.
In terms of capital value, from 2016 to 2018, Dongxu Optoelectronics has achieved rapid growth for three consecutive years.In the past three years, operating income has reached 7.631 billion yuan, 17.277 billion yuan and 28.212 billion yuan, and net profits attributable to its mother have been 1.301 billion yuan and 17.3 RMB 100 million and RMB 2.164 billion. Net cash flows from operating activities were RMB 742 million, RMB 1.253 billion and RMB 388 million, and earnings per share were RMB 0.28, RMB 0.32, and RMB 0.38, respectively. The company's 2016-2018 asset-liability ratios were 52.29%, 53.11%, and 53.95%, with an average cost of capital of about 5.23%, which is a relatively good level in the industry.
The company's use of funds is good and its operating conditions are stable and orderly. Since 2010, Dongxu Optoelectronics has achieved positive growth in revenue and profits for nine consecutive years, which is also commendable.
In terms of industrial value, Dongxu Optoelectronics is a leading domestic high-tech enterprise integrating liquid crystal glass substrate equipment manufacturing, technology research and development, production and sales, and also a leading global supplier of optoelectronic display materials. Starting from the optoelectronic display industry, the company gradually developed into a collection of optoelectronic display materials such as liquid crystal glass substrates, cover glass, polarizers, color filters, sapphire, high-end equipment manufacturing and system integration, industrialization of graphene applications, and research and development of new energy vehicles. As a comprehensive high-tech enterprise integrating manufacturing, smart city construction and other businesses, the vertical layout and horizontal linkage of the industry's upstream and downstream industries have continued to deepen, and gradually formed an emerging industrial cluster with comprehensive competitiveness.
The development of Dongxu Optoelectronics always revolves around "holding industry". Under the suppression of international giants in the early days of entrepreneurship, Dongxu Optoelectronics, which adheres to independent innovation, has laid the foundation of the leading LCD glass substrate and created unprecedented industrial value.In recent years, it has also seen a lot in the graphene industry and new energy automobile industry. Layout and development.
In terms of social value, Dongxu Optoelectronics has always taken "rejuvenating the national industry" as its mission to provide customers with high-quality products and services. In January 2019, the project “Development and Industrialization of Key Technologies and Equipment for Highly Uniform Ultra-Clean Surface Glass Substrates for Photoelectric Display” participated by four wholly-owned subsidiaries of the company won the first prize of the National Science and Technology Progress Award. At the same time, Sichuan Xuhong Optoelectronics Co., Ltd., another wholly-owned subsidiary of the company, mainly participated in the project of “Complete Technology and Application Development of Large-scale Production of High-strength Ultra-thin Float Aluminosilicate Screen Protection Glass”, which won the second prize of National Science and Technology Progress .
In terms of innovation value, in recent years, Dongxu Optoelectronics has continuously promoted the R & D of the main business of LCD glass substrates, while expanding new industries, and becoming an innovative enterprise in many industries. In the field of liquid crystal glass substrates, Dongxu Optoelectronics has achieved full coverage of G5 to G8.5 products. The substrate production capacity has steadily ranked first in China and fourth in the world, but it is still advancing to ultra-thin cover glass, OLED and other cutting-edge areas.
In order to promote industrial synergy, Dongxu Optoelectronics aims at the development of graphene industrial applications and new energy vehicles. The company currently has quite mature technology reserves in the graphene field.It not only owns four major series of graphene-based lithium-ion batteries, graphene energy-saving lighting, graphene electric heating, and graphene anticorrosive coatings, but also has a world-renowned research center in the UK with graphene. The University of Manchester has signed a cooperation agreement to lead the development and application of graphene on a global scale.
Therefore, some analysts point out that "value creation" is the core of the development and implementation of advanced manufacturing in China's manufacturing listed companies, and it is also an important path to achieve transformation and upgrading. To maintain the future advantages of China's manufacturing industry, we must accelerate the development of advanced manufacturing industries. To occupy the high ground of the world's manufacturing industry, more pioneers like Dongxu Optoelectronics need to emerge, so as to continue to accelerate the development of advanced manufacturing.