主营介绍

  • 主营业务:

    高压电真空器件的研发、生产、销售与技术服务。

  • 产品类型:

    陶瓷高压继电器、直流接触器、交流接触器、陶瓷真空开关管、陶瓷真空电容器、真空有源器件

  • 产品名称:

    陶瓷高压继电器 、 直流接触器 、 交流接触器 、 陶瓷真空开关管 、 陶瓷真空电容器 、 真空有源器件

  • 经营范围:

    陶瓷真空继电器、陶瓷真空电容器、陶瓷真空开关管、闸流管、磁控管、行波管、真空接触器、断路器的生产、研发、销售及技术服务、技术咨询;货物及技术的进出口业务。(依法须经批准的项目,经相关部门批准后方可开展经营活动)

主营构成分析

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营业收入 X

单位(%) 单位(万元)
注:通常在中报、年报时披露 
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 利润比例 毛利率
按产品 直流接触器 1.36亿 33.71% 8072.54万 35.32% 31.62% 40.84%
真空继电器 7948.34万 19.64% 2597.71万 11.37% 30.36% 67.32%
交流接触器 6462.93万 15.97% 4520.43万 19.78% 11.02% 30.06%
真空开关管 3921.64万 9.69% 3062.47万 13.40% 4.88% 21.91%
接触点组 2760.77万 6.82% 1836.89万 8.04% 5.24% 33.46%
真空电容器 2371.72万 5.86% 1051.52万 4.60% 7.49% 55.66%
其他业务收入 2026.27万 5.01% 1283.33万 5.62% 4.22% 36.67%
真空有源器件 1340.32万 3.31% 429.88万 1.88% 5.17% 67.93%
按地区 国内 2.97亿 73.43% 1.70亿 74.20% 72.44% 42.95%
国外 8727.96万 21.56% 4613.43万 20.19% 23.35% 47.14%
其他业务收入 2026.27万 5.01% 1283.33万 5.62% 4.22% 36.67%

董事会经营评述

  (一)营业收入情况
  1、营业收入构成
  报告期内,公司营业收入分别为16,005.24万元、33,184.85万元、37,260.34万元和41,416.03万元,主营业务收入分别为14,908.98万元、32,088.16万元、36,524.99万元和40,987.11万元,占营业收入比例均超过90%,公司主营业务突出。其他业务收入主要为材料及零部件等收入,金额相对较小。
  报告期内,公司主营业务收入呈下降的趋势,主要系受下游客户需求影响,直流接触器收入下降所致。公司直流接触器主要应用于新能源汽车行业,受行业政策调整等影响和下游客户采购需求变化等影响,公司直流接触器收入大幅下降,... 查看全部▼

  (一)营业收入情况
  1、营业收入构成
  报告期内,公司营业收入分别为16,005.24万元、33,184.85万元、37,260.34万元和41,416.03万元,主营业务收入分别为14,908.98万元、32,088.16万元、36,524.99万元和40,987.11万元,占营业收入比例均超过90%,公司主营业务突出。其他业务收入主要为材料及零部件等收入,金额相对较小。
  报告期内,公司主营业务收入呈下降的趋势,主要系受下游客户需求影响,直流接触器收入下降所致。公司直流接触器主要应用于新能源汽车行业,受行业政策调整等影响和下游客户采购需求变化等影响,公司直流接触器收入大幅下降,导致营业收入整体下降。对此,公司积极采取应对措施,调整和优化客户结构,重点开发整车厂商等客户。经过优化,2020年国力源通直流接触器订单全面回升,截至本招股说明书签署日,直流接触器在手订单充足。
  2、按产品类别划分的主营业务收入
  报告期内,公司主营业务收入以直流接触器、真空继电器、交流接触器、接触点组、真空开关管和真空电容器为主,合计收入占比分别为97.21%、95.94%、97.26%和95.75%,均超过95%以上。
  (1)报告期内,公司直流接触器收入分别为4,602.72万元、8,609.92万元、10,654.04万元和17,722.75万元,呈逐年下降的趋势,具体而言:
  ①2018年直流接触器收入同比下降7,068.72万元,主要原因是:2017年度第一大客户沃特玛的销售收入为9,855.94万元,由于沃特玛自身经营不善,2018年和2019年不再为公司主要客户;
  ②2019年直流接触器收入同比下降2,044.12万元,主要原因是:受终端需求调整影响,对北京理工华创电动车技术有限公司、深圳欣锐科技股份有限公司的销售收入同比分别下降943.77万元、921.21万元。
  (2)报告期内,公司真空继电器收入分别为2,927.37万元、6,711.48万元、6,648.27万元和5,564.71万元,总体保持稳定上升的趋势,具体而言:
  ①2018年真空继电器收入同比增加1,083.55万元,主要原因是公司对GIGAVAC的真空继电器销售收入同比增加1,133.60万元;
  ②2019年真空继电器收入基本保持稳定,但客户结构存在一定变化,主要原因是:受贸易摩擦等因素影响,当年对GIGAVAC的真空继电器销售收入同比下降1,845.79万元;同时,公司积极调整销售策略,大力开发国内重点客户,对军工客户C和客户D真空继电器销售收入同比增加1,947.83万元,缓解了外销收入下降的不利影响。
  (3)报告期内,公司交流接触器收入分别为2,702.01万元、5,071.93万元、5,072.72万元和4,469.61万元,其中2018年交流接触器同比增加603.11万元,主要原因是:公司对常州博瑞电力自动化设备有限公司、希望森兰科技股份有限公司、三一重型装备有限公司的收入同比分别增加291.29万元、150.26万元和114.60万元。
  (4)报告期内,公司接触点组收入分别为1,303.64万元、4,302.46万元、5,758.00万元和5,453.45万元,其中2019年接触点组同比下降1,455.54万元,主要原因是受贸易摩擦影响,GIGAVAC减少当期接触点组采购量。
  (5)报告期内,公司真空开关管收入分别为1,977.84万元、4,256.46万元、4,617.01万元和3,556.60万元,具体而言:
  ①2018年真空开关管收入同比增加1,060.41万元,主要原因是:公司对SPT、ABB、Rockwell的真空开关管销售收入同比分别增加630.54万元、225.04万元和113.48万元;
  ②2019年可真空开关管收入同比下降360.55万元,主要原因是:受贸易摩擦等影响,当年对SPT、ABB、Rockwell的真空开关管销售收入同比分别下降502.30万元、118.36万元和59.74万元;同时,公司积极开发国内客户,真空开关管内销收入同比增加735.48万元,一定程度上抵消了外销收入下降的不利影响。
  (6)报告期内,公司真空电容器收入分别为979.69万元、1,833.17万元、2,772.44万元和2,476.97万元,其中2019年同比减少939.26万元,主要原因是受贸易摩擦影响,对ABB的真空电容器销售收入同比下降790.97万元。
  (7)报告期内,公司真空有源器件收入分别为415.71万元、1,302.74万元、1,002.52万元和1,743.01万元。2018年度较2017年度下降740.49万元,主要原因为受客户调整采购策略影响,公司当期对同方威视技术股份有限公司的磁控管销售收入同比下降676.15万元。
  3、按地区分布的主营业务收入
  报告期内,公司主要收入来源于境内,其中华东、华北、华南、华中四个区域收入占比分别为57.56%、61.80%、52.63%和63.82%。
  4、主要产品价格和销量变化情况
  报告期内,公司产品销售价格和销量存在波动,主要系受下游客户需求、产品结构等因素影响所致,具体分析如下:
  (1)公司2017年直流接触器销售价格较高,主要原因是受新能源汽车行业快速发展影响,下游客户需求旺盛,其中沃特玛为当年直流接触器第一大客户,平均售价为362.74元/只,拉高了平均销售价格。受新能源汽车行业补贴退坡影响,下游客户需求下降,同时公司积极调整客户结构,由于处于调整期,2018年和2019年直流接触器单价相对较低,其中2019年销量同比下降23.13%。2020年1-6月直流接触器价格有所上升,主要是由于新能源汽车行业等下游行业回暖以及军品业务的拉动的影响。截至本招股说明书签署日,公司直流接触器在手订单充足。
  (2)报告期内,公司真空继电器销售价格和数量整体稳中有升,主要原因是下游主要客户和订单相对稳定,销售收入和数量较为平稳。2020年1-6月及2019年真空继电器单位价格同比增长10.15%、7.92%,主要系受军品业务增加所致。
  (3)2017-2019年,公司交流接触器单位价格逐年下降,销售数量逐年上升,主要系受客户需求影响产品结构不同所致,其中,主要客户荣信汇科电气技术有限责任公司、特变电工西安电气科技有限公司等根据中标项目确定所需产品型号和规格,造成销售单价和数量存在波动情况。
  (4)报告期内,公司接触点组销售价格整体呈下降趋势,主要原因是与GIGAVAC签订的合同中,约定部分产品价格每年下调一定幅度。自2018年以来,公司接触点组销售数量逐年下降,主要系受GIGAVAC需求影响所致。
  (5)报告期内,公司真空开关管单位价格逐年下降,销售数量逐年上升,主要系受客户需求影响产品结构不同所致。受贸易摩擦影响,公司2019年真空开关管外销收入同比下降42.60%,对此,公司积极开发国内客户,真空开关管内销收入占比明显上升。由于内销产品价格相对较低,导致单位价格进一步降低,销售数量同比增加。
  (6)报告期内,公司真空电容器销售价格较为稳定,2019年销售数量同比下降35.61%,主要系受贸易摩擦影响外销客户减少采购所致。
  (7)报告期内,公司真空有源器件销售数量相对较少,但单价较高,且波动较大,主要系产品结构影响所致,其中磁控管销售价格较高,但销售数量逐年下降,导致真空有源器件平均单价总体保持下降的趋势。
  5、主营业务收入季节性波动
  报告期内,公司四季度主营业务收入相对较高,一季度主营业务收入相对略低,下半年主营业务收入略高于上半年,但不存在明显的季节性波动趋势。 收起▲