The business of Bayian Boat Thai Co., Ltd.

Cover reporter Liu Xuqiang

On June 21, the word of Guangzhou Jitai Chemical Co., Ltd. (hereinafter referred to as "Jitai Co., Ltd.") daily limit, creating a record high, and once a single order exceeded 200,000 hands. As of the close of the day, the company's total market value was 4.794 billion yuan. Since June 10, the closing price of Jitai shares has daily limit for eight consecutive trading days, and the cumulative increase has reached 114.7%.

After the market on June 21, the Shenzhen Stock Exchange issued a letter of attention to Jitai's shares, requiring the company to be based on the 2021 annual report. "Photovoltaic components, etc.", indicate the gross profit margin of electronic glue in the field of new energy vehicles and photovoltaic components, orders in hand, indirect sales and proportion to BYD in 2021, etc., analyze and explain whether the relevant business fundamentals have changed significantly. And make full risk prompts on the short -term fluctuations of the stock price.

In addition, the follow -up letter requires the company to disclose the proposed new material industrial base project of Anqing City, Anhui Province, to explain whether the project can be completed and reached on schedule.

Public information shows that the main business of Jitai Co., Ltd. is sealing and coatings. This round of rise is derived from the company's previous investor relationship activity table. Among them, the company released the new product "Jitai-Organic Silicon Four Plugs F6351" on May 22, which can meet the heat insulation and fire prevention requirements of power batteries. In addition, the company also said that in 2020, it entered BYD's supply system through intermediate customers. It is worth mentioning that the recent trend of the new energy industry is better, and the leading company BYD's stock price has reached a new high.

In addition to new energy vehicles, Jitai Co., Ltd. also contained the concept of photovoltaic. The company mentioned in the survey that its products can be applied to solar component frames, waterproof seals of photovoltaic glass, and solar component wiring boxes.

It is worth mentioning that the current proportion of income from new energy vehicles and photovoltaic industries is still relatively small, and the revenue mainly depends on traditional industries such as construction engineering and decoration, container, and other traditional industries.

The company's 2021 annual report shows that in 2021, Jitai achieved revenue of 1.676 billion yuan, of which the revenue from the construction engineering and decoration industry and the container industry accounted for 56.49%and 26.37%, respectively, totaling 82.86%; and new energy vehicle gum. The annual income of electronic glue, including photovoltaic glue, accounts for only 7.18%.

In terms of customers, the income of Jitai's large customers from BYD and other star customers is relatively limited. In the investigation of the receiving agency, Jitai said frankly that although it entered the BYD supply system, the current company's revenue generated by BYD's supply to BYD accounts for a small proportion of electronic glue revenue, which has no major impact on the company's performance.

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