Mingzhi Electric: stepper motor continues to grow rapidly, and servo control is expected to shine.
Mingzhi Electric is the global leader in stepper motor and a leading manufacturer in motion control field. HB stepping motor of the company has accounted for more than 8% of the world for 5 consecutive years, and its sales volume ranks the fourth in the world; PM stepping motor and servo system are leading in China. The company has profound technology gene and stable operation. Most of its downstream customers are international well-known enterprises. In 2016, the revenue and net profit reached 1.475 billion yuan and 1 yuan respectively RMB 5.7 billion, with a year-on-year increase of 26% and 60%; In Q1 2017, the revenue and net profit increased by 26% and 31% respectively year-on-year
the company solved the problem of poor impregnation of continuous fibers in injection or molding molds. The cost rate was stable, the debt ratio was reasonable, the profitability was gradually improved, and the net interest rate was increased from 7.3% in 2012 to 10.6% in 2016
the company has significant advantages in stepper motors, and both are leading in the technology market. The market scale of the stepping motor industry will maintain a growth rate of about 10% in the future; Emerging industries such as 3D printing and industrial control have brought new market space. The fastest growth rate of industrial control is expected to be 20%+. The company has mastered the core technology of control motor, and the customized production mode has improved the company's core competitiveness and customer stickiness. Acquired linengineering and obtained the key technology of 0.9o stepping motor. In the future, it will rapidly expand high-end markets such as medical equipment, high-end security monitoring, aerospace and new energy
servo system has a broad market space, leading servo technology and has begun to take shape. Servo control market will reach 100billion yuan in 2020, with CAGR exceeding 15%. The stepping motor of the company has the similar servo characteristics and is gradually developing towards the direction of integrated control. At present, M2 AC servo is mature and the next generation m3 is being developed. Amp acquired has advanced servo technology, and after internal integration, servo 2. Electromechanical: it is an engine business that controls the operation of components of fatigue testing machine, and is developing cooperatively. In 2016, the revenue of servo business was 206million yuan, a year-on-year increase of 43%, accounting for 14% of the revenue
occupy the outdoor LED control drive high-end market, and raise investment to enhance its advantages. The growth rate of LED lighting market will exceed 15%, and the scale is expected to reach US $46billion in 2020. The company is a leader in the intelligent lighting control and drive and overall solutions industry. In 2016, the LED control and drive revenue reached 180million yuan, hoping to help users make better use of the product yuan, with a year-on-year increase of 77%, and the revenue share rose to 13%. The global sales channel layout has taken initial shape, and the development of high-end customers has been successful. 4.25 million sets of new production capacity were raised and invested, mainly in full-automatic production, and the quality and efficiency were comprehensively upgraded