Is Huaya Intelligence Worth Holding for a Long Time?

1. Is Huaya Intelligence worth holding for a long time?

Huaya Intelligent is a specialized precision metal manufacturing company, focusing on providing customized precision metal structure products with "small batch, multiple varieties, complex process and high precision" to leading high-end equipment manufacturers at home and abroad, including manufacturing process research and development and improvement, customized design and development, intelligent production and testing, and special equipment maintenance and assembly. At present, the company's business scope covers the structural parts business in the field of semiconductor equipment, new energy and power equipment, general equipment, rail transit, medical equipment and other user areas. In the field of semiconductor equipment structural parts business, the company's customers are equipment component manufacturers, such as Chaokelin, ICHOR, Jabil, Tian Hong and Gong Yi Electronics.

2. According to its IPO prospectus (hereinafter referred to as "prospectus"),

From 20 18 to 2020, the main business income of Huaya Intelligent was 306.3403 million yuan, 3 1.055 1.065438 million yuan and 368.3233 million yuan respectively, and the net profit was 63.65438 million yuan and 050700 yuan respectively. Good profitability is naturally an important factor in its approval. However, the analysis of its public information shows that the actual controller holds 83% of the shares and the customer concentration is high. The supplier is suspected to be the "white glove" of the actual controller. Please be cautious when investing in such a company. As of the signing date of the prospectus, the actual controllers of the Company are Wang Cainan, Lu Qiaoying and Wang Jingyu, who together controlled 83. 10% of the shares of the Company before this issuance. Even after this issuance, Wang Cainan, Lu Qiaoying and Wang Jingyu will still be in an absolute holding position. Although the high concentration of equity will obviously enhance the controlling power of the controlling shareholder, it will help to promote the interest convergence between the senior management and shareholders, especially the controlling shareholder, thus controlling the agency cost to a certain extent.