The overall contribution of joint venture listed companies to make drones across borders is still minimal

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The overall contribution of joint venture listed companies to make drones across borders is still minimal

Every reporter Zeng Jian and editor Zhang Haini except Tongyu Heavy Industry (300185, SZ), there are not a few listed companies involved in drones.

These companies are also different in the field of drone segmentation, some are related to agricultural plant protection, and some are related to military use.

“Daily Economic News” reporters combed and found that the development of the drone business of relevant listed companies is clearly differentiated: some companies’ drone business has become a lace concept, bringing practical benefits; some companies have achieved certain results.Grades.

However, on the whole, the impact of the drone business on listed companies that were originally non-main businesses is very limited.

  Some companies have been involved in the concept of drones for many years. Among these listed companies, Shandong Mining Machinery (002526, SZ), Weihai Guangtai (002111, SZ), etc. are considered veterans.

In particular, the limelight of Shandong Mining Machinery was once intact.

  On March 28, 2013, Shandong Mining Machinery announced that it plans to invest in the establishment of a drone company.

According to the content of the plan at that time, the company will jointly establish a light multi-purpose short-range take-off and landing air-manufacturing company-Shandong Changkong Yan UAV Technology Co., Ltd. (hereinafter referred to as Changkong Yan) with Zhang Jiansheng.

Shandong Mining Machinery stated that it strives to complete the first flight experiment by the end of 2013.

  At that time, Shandong Mining Machinery ‘s “ambition” for drones didn’t stop there. The company also announced an investment of 56 million yuan to establish an aero engine company, Shandong Zongzong. The partner was the Institute of Engineering Thermophysics, Chinese Academy of Sciences.

  In September 2013, Shandong Mining Machinery disclosed its investment progress.
Completed prototype manufacturing in April.

It was introduced in April 2014 that two experimental verification prototypes have been added, and it is expected that the first flight conditions will be reached around August of that year.

In August 2014, the company stated that the prototype has been completed and will be selected for test flight.

In November 2014, it was said that the first flight of the drone verification aircraft was successful.

  Shandong Mining Machinery is not content with being petty.

In February 2015, Shandong Mining Machinery disclosed its plan for increasing the number of shares. The company plans to issue no more than 4 shares.

600 million yuan, of which 2.

4 trillion plans to invest in “projects of key parts for drones and aero engines”.

During the same period, the company announced that it had cancelled the agreement to establish Changkongyan with Zhang Huansheng, and the listed company would invest 100 million euros to establish it independently.

  Since then, Shandong Mining Machinery has decided to increase and increase investment projects clearly as “an annual output of 140 low-altitude unmanned aerial vehicles and 1,000 sets of key components of mini turbojet engines.”

In September 2015, the company announced that progress has been made in the development of multiple UAV models.

Unfortunately, in November 2015, the company stated that it planned to adjust the financing plan and decided to apply to the CSRC for the withdrawal of the application documents for the fixed increase.

There is no more budget after this.

  In September 2016, Shandong Mining Machinery disclosed the progress of Changkongyan UAV in a separate announcement for the last time, and stated that two publications were in test flight.

  Shandong Mining Machinery Annual Report shows that in 2016, Changkongyan achieved revenue of 91.

680,000 yuan, net profit may be 428.

40,000 yuan; Shandong Mining Machinery’s 2017 semi-annual report shows that Changkong Yan realized revenue of 287 in the current period.

960,000 yuan, net profit is enough to 145.

450,000 yuan.

  It is not that Shandong Mining Machinery has not achieved obvious results, but after all, the investment is limited and it does not hurt the company at all.

In the name, Weihai Guangtai was deeply injured by the drone business.

  In 2015, Weihai Guangtai announced that it would raise funds through a non-public offering5.

400 million yuan, of which 3.

800 million were invested in drone projects.

The company indirectly involved in the acquisition of Tianjin Quanhua Times Aerospace Technology Development Co., Ltd. (hereinafter referred to as Quanhua Times).

At that time, the shareholders of Quanhua Times promised Weihai Guangtai a generous performance commitment; Weihai Guangtai also expressed with confidence that the acquisition could open up new performance growth points for the company.

However, in 2016, the results of Quanhua Times continued to fall short of expectations, and Weihai Guangtai accrued 4,116 for the goodwill formed by the acquisition of equity in the company.
250,000 yuan, 9507.
900,000 yuan, to a certain extent, dragged down the performance of listed companies.

  There are also performance results, of course, there is no lack of cross-border achievements in the drones.

  In October 2014, Longxin GM (603766, SH) and Tsinghua University Professor Wang Haowen and others jointly established Zhuhai Longhua Helicopter Technology Co., Ltd. (hereinafter referred to as Zhuhai Longhua) to enter the drone industry.

Longxin General disclosed that as of now, Zhuhai Longhua and the company’s XV-3 200 kg unmanned helicopter has passed the review of the “Army Weapon and Equipment Purchase Information Network” and supplemented the “Army and Equipment Purchase Information Network”》 Corporate and product information.

Financial data shows that Zhuhai Longhua had no revenue in 2015 and net profit replaced 92.

40,000 yuan; In 2016, Zhuhai Longhua achieved revenue of 63.

590,000 yuan, net profit may be 197.

730,000 yuan; In 2017, Zhuhai Longhua achieved revenue of 1044.

330,000 yuan, net profit is 56.

210,000 yuan.

  In agricultural plant protection, Longxin GM’s drone products are mainly positioned in Datian Plant Protection.

On May 19, 2017, the company set up a direct navigation service focusing on agricultural plant protection and other services.

According to Longxin GM’s 2017 annual report, the revenue of Direct Direct has been realized in the current period.

  While the drone 杭州桑拿 business is progressing smoothly, Longxin GM’s spending on drone business has gradually increased.

The company’s average funding budget for drone projects in 2016 and 2017 was less than 20 million yuan.

The company’s 2018 funding budget shows that it plans to invest 9364 in drone projects this year.

540,000 yuan.

  Zongshen Power (001696, SZ) is also a big fan of drone projects.

The company launched the TD0 drone power R & D project in August 2014 in conjunction with Tianjin Internal Combustion Engine Research Institute.

In March 2015, Zongshen Power announced a capital increase of 70 million yuan to Hongbaichuan, accounting for 28% of Hongbaichuan’s equity after the capital increase.

Hongbaichuan’s main business is the R & D and production of drones, unmanned ships and other equipment and core components.

  However, 北京SPA会所 Zongshen Power later chose to abandon its cooperation project with Hong Baichuan for agricultural and forestry drone research and development, because Zongshen Power found another goal.

In November 2015, Zongshen Power announced that it has penetrated the Capital Increase Agreement with companies such as China Aerospace Aerodynamics Technology Research Institute and Shenzhou Aircraft.

The company added capital to the Shenzhou aircraft with its own funds1.

400 million yuan, accounting for 16 Shenzhou aircraft after capital increase.

67% equity.

Shenzhou aircraft is a leader of military drones, a manufacturer of rainbow series drones, and an important customer of Zongshen Power TD0 engine.

According to data disclosed by Zongshen Power, the revenue of Shenzhou aircraft in 2016 was 1.

9.1 billion, with a net profit of 2811.

580,000 yuan; 2017 revenue was 2.

9.3 billion yuan, with a net profit of 5449.

740,000 yuan.

  In 2017, Loncin’s revenue was 105.

7.2 billion yuan, Zongshen Power’s revenue was 50.

For some companies, the impact of drone business performance on some companies is minimal.