Canny Elevator Co., Ltd.
康力电梯
002367
Shenzhen Stock Exchange
Company Profile
1、The company has sufficient orders in hand, abundant cash, low gearing ratio, good operating cash flow, stable dividends over the years and stable operation. 2、The company has a complete R&D and manufacturing system of motor, door system and control system and leading technical & engineering capabilities. The company has successfully developed the first domestic high-speed elevator of 7m/s with independent intellectual property rights and put into commercial use; won the “World Elevator Engineering Award” for Zhangjiajie Tianmen Mountain escalator project due to high difficulty engineering capabilities; and has the most application cases of Chinese elevator brand in landmark buildings. 3、The company pays great attention to the common growth of employees and enterprises, and continues to launch employee stock ownership plans and stock option incentive plans, which closely combine the interests of shareholders, the company and core employees, better attract and retain industry talents, and provide human resource competitiveness for the development of the company. 4、There are a large number of business opportunities in niche markets such as infrastructure construction, maintenance, modernization, and installation of elevators in existing buildings. Industry policies and regulations trends are conducive to the development of standardized and branded enterprises, and industry adjustment will optimize the industry competition landscape. The company will actively grasp the direction of industry development, highlight brand advantages, and strive for market share improvement.
Full description
1. Basic situation: Canny Elevator is a leading enterprise in China's elevator industry; founded in 1997, listed on the Shenzhen Stock Exchange in 2010, is a collection of R&D, manufacturing, sales, installation engineering, renovation and maintenance services in one of the modern professional elevator enterprises; since its listing, the company has continued to increase investment in the Canny brand building, and smart manufacturing, capacity expansion, R&D, marketing network expansion, IT promotion, etc.; now the company has 11 wholly-owned subsidiaries with total number of employees of 5, 000 people. 2. Brand status: Canny Elevator ranked first in the "China Brand Value Ranking League Table 2021" jointly released by Xinhua News Agency, China Brand Construction Promotion Association and other authoritative institutions with a brand value of 7.918 billion yuan; the company was selected as "Top 10 Preferred Elevator Suppliers of China's Top 500 Property Developers" for 9 consecutive years from 2013 to 2021; the company has also won the Gold Quality Award in National Construction Machinery and Elevator Industry, Suzhou Mayor Quality Award, Jiangsu Quality Award and many other honors. 3. Production capacity scale: The company is headquartered in Suzhou, Jiangsu Province and has a total of 4 manufacturing bases in Suzhou, Chengdu, Zhongshan with a production area of 1.41 million square meters. The company has built a comprehensive independent R&D, manufacturing system including parts and complete equipment, of which comprehensive strength, industrial scale and smart manufacturing level all occupy the front role within the China elevator industry and can quickly respond to customers; in the field of smart manufacturing, the company has introduced barcode management and flexible automatic production line with industrial robots and leveraged SAP system to build a set of enterprise management system with high integration of information flow and business flow. 4. Product and solution: The company has comprehensive solutions including elevator, escalator and service, which could meet more than 99% of the total market demand including residential, public buildings, hotels, shopping centers, transportation places, etc. 5. Market competitiveness: Around 85% of revenue comes from domestic market and the company has built more than 100 marketing service branches nationwide with an industry leading scale; in recent years the company has become a supplier for many well-known large and medium-sized property developers like Country Garden and Sino-Ocean Real Estate etc. and continue to break through and win new important strategic customers. Meanwhile, the company's continues to rise its competitiveness in the field of key projects like rail transit station escalators, during recent years, the company has won the bid of metro projects for many domestic first- and second-tier city including Beijing, Suzhou, Shenzhen, Chengdu etc., The total amount of winning bids are among the top 3 within the industry in 2021. Around 15% of the revenue comes from the overseas market, and the products are exported to more than 100 countries and regions. 6. R&D investment: The company adheres to the independent R&D of core technologies and has a first-class laboratory and a nationally recognized enterprise technology center, including a 288-meter elevator test tower built for high-speed elevator testing, and masters important core technologies such as elevator control system, door system, and traction system. By the end of June 2021, the company has obtained a total of 1,037 invention patents, utility model patents, design patents and international PCT certifications. 7. Emerging industry investment: The company has invested in the emerging industry related to the main business and smart manufacturing, and has invested in Canbot, set up an emerging industry investment company and an IOT investment fund to seek development opportunities for emerging industri