Sayyas Window Industry: The listing of aluminum wrapped wooden windows "invisible champion" helps trillions of green building revolution

  The content of this article is transferred from the Securities Times

  On September 2nd, Sayyas Window (301227) launched the GEM IPO prospectus. According to the prospectus, the number of shares plans to disclose the shares of the company this time is 23.7 million shares, accounting for 25%of the total share capital after the issuance, all of which are issued by new shares.

  · Deep cultivation of aluminum bag wooden windows 20 years of "invisible champion"

  In 1999, Harbin Sayyas Window Co., Ltd. was one of the first companies that introduced German wooden windows systems and supporting technology technology to China and proposed the concept of "aluminum -based wooden windows". The company's long -term focus on the research and development, design, manufacturing and sales of energy -saving aluminum -wrapped wooden windows, and adhering to the corporate mission of "extreme consumption reduction, extremely beautiful life", promoting the new trend of aluminum bag and wooden window industry and the recommendation of national building energy -saving policies window.

  For more than 20 years, the company has adhered to the concept of innovation -driven development, and has always stood at the forefront of technological innovation and industrial development. It will introduce equipment from Germany, Austria, Switzerland, Finland, Italy, the Netherlands and other countries to integrate independent research and development production lines, combining combination The long -term accumulated process experience and the informationization system of the entire industry chain have realized the use of intelligent production technology in the full life cycle of the product. It is one of the few companies with large -scale and flexible customization capabilities in the industry. It has continuously improved to a shorter shorter The ability to deliver higher -quality products at a better cost of the cycle.

  With many years of industry accumulation, the company has established a good brand image and a wide range of industry influence. At the same time that the national green building and construction energy conservation policies are constantly in line, the company has participated in the formulation of many industry standards such as the Ministry of Housing and Construction, Beijing, Heilongjiang, Hebei, and Shandong. It is identified as a national high -tech enterprise, a national technology innovation demonstration enterprise, a national forestry leading enterprise, and a well -known trademark in China.

  With mature production technology, strong technical strength, increasingly perfect marketing network and quality management advantages, the company's performance has maintained high -speed growth. From 2019 to 2021, the company realized total operating income of 728 million yuan, 837 million yuan, and 957 million yuan, respectively, with an average annual compound growth rate of 14.60%; net profit attributable to mothers was 76 million yuan, 127 million yuan, and 128 million yuan, respectively. The average compound growth rate was 30.12%.

  The Steel Wood Window Committee of the China Architectural Metal Structure Association and the National Federation of Industry and Commerce Furniture Decoration Industry Council determined that from 2017-2019, the company ranked first among similar domestic enterprises in the production scale and market sales of aluminum-bag wooden windows. The company also serves as Phachina, the Vice Chairman Unit of the China Construction Energy Conservation Association Passive ultra -low energy -consuming Green Construction Innovation Alliance (CPBA), and the China Construction Energy -saving Association Passive Construction Professional Committee. In 2020, the company was rated as "Heilongjiang Provincial Specialty New SMEs" and "Digital (Smart) Demonstration Workshop" by the Heilongjiang Provincial Department of Industry and Information Technology; The first batch of "Heilongjiang Manufacturing 'Invisible Champions" Enterprise ".

  Focusing on the trillion -saving window market to help the green building revolution

  Passive ultra -low energy consumption buildings, as the name suggests, are the surrounding structure with higher thermal insulation performance and higher gas performance, high -efficiency fresh air heat recovery technology, and the full use of renewable energy to minimize the use Heating equipment, pursue a comfortable indoor environment green building with less energy consumption.

  Passive buildings were first invented and promoted by Germany. In 1991, the city of Diam Sterter, Germany, built the world's first passive house. In recent years, with the development goals of "carbon -to -peaks" and "carbon neutrality" in China, the demand for passive buildings in China has continued to improve. According to the "China Construction Energy Consumption Research Report (2020)" issued by the China Architectural Energy Conservation Association, the total energy consumption of the entire national building in 2018 accounted for 46.50%of the total energy consumption in the country. The proportion of carbon emissions in the whole process of building accounted for 51.30%of the national carbon emissions. According to the forecast of China's passive ultra-low energy consumption building alliance, from 60%to 85%by 2020-2050, it will have an industrial capacity of 8 billion to 26 billion square meters of ultra-low energy buildings by 2050. According to the incremental cost of 600 yuan to 900 yuan/square meter, it is estimated that there will be a total market capacity of 50,000 to 220 trillion yuan.

  The outer window with higher thermal insulation and higher gas -density performance is one of the key to passive buildings. According to the "Energy Energy Energy Energy Energy Energy Energy Energy" of the German Chamber of Commerce and Germany Econetchina (Econetchina), the energy efficiency of Chinese architecture and green building standards is about 45%-50%of the energy consumption of the building through doors and windows. According to the report of the Urson Research Institute, the size of my country's doors and windows has exceeded trillion in 2021. In the past three years, CAGR exceeds 10 %, and the CAGR of the high -end system door and window market exceeds 30 %. Under the trend of energy conservation and energy saving and consumption upgrade, consumers' attention to the increase in sound barriers and insulation functions drives the price improvement, and it is expected to promote the continued growth of the door and window industry. The industry structure is currently highly scattered, and there is a large integration space for head brands with excellent brands and channels.

  Sayyas Window Industry uses the waterproof and corrosion resistance of aluminum, the heat insulation, beauty and personalized attributes of wood, and the thermal insulation performance of multi -layer hollow glass. Wait for products. The S86 series of energy -saving aluminum -saving and wooden window products are the company's first -ranked product series. This product is suitable for retail terminal consumers, as well as real estate projects such as mid -to -high -end real estate, which can improve the comfort of houses and the competitiveness of real estate projects. Essence

  The P120 series energy -saving aluminum -saving wooden window is the company's classic passive window product. It has stronger insulation and insulation capacity. It can meet the performance requirements of domestic passive ultra -low energy consumption buildings. This is also China's first passive aluminum bag certified by Germany PHI certification. Wooden windows are currently used in passive projects such as Chenneng's Courtyard, Langshibuk Hotel, Rizhao Landscape Dragon Court, Jilin University Experimental Building, Qingdao Zhongde House residential area.

  In 2015, the company launched the first domestic passive curtain wall SCW60 (UW ≤ 0.79) that passed the German PHI-A-level certification. As of the end of 2021, a total of 21 products in the company have been identified by Germany PHI, forming a passive building supporting product matrix, of which the number of products obtained by A -level certification accounts for 46.67%of my country's Class A certification outer window; the company has accumulated more than 100 domestic passive types in China The building provides more than 300,000 square meters of passive building supporting windows. In 2021, the company's product revenue applied to passive buildings accounted for 16.51%of total revenue.

  · Large -scale flexible custom smart factory empower high -end products

  The personalization customization of doors and windows is becoming a fashion trend. Each customer has different requirements for the style, size, color, style, and color of the windows. It has a diversified demand for wood, glass, hardware and other materials. Therefore, it is a great test for the rapid supply capacity of the enterprise. Energy -saving aluminum -wrapped wooden windows involve a large number of unique production processes and mature processing technologies in the production process. The comprehensive requirements for R & D, design, production technology and production experience are high. The comprehensive performance of heat, dense air, dense water, wind resistance, and sound insulation, other small and medium -sized enterprises need to break through a certain technical barriers to enter the industry.

  As one of the few companies with large -scale customization capacity in the industry, Sayyas Window has high information, automated factories and efficient production management systems. In terms of production technology, the company adopts the combination of standardized production and custom components with the same component. In terms of production equipment, the company introduced a full set of production equipment that covered the window processing, spraying, hollow glass deep processing, and entire window assembly from overseas. Material welding processing production line, Finland's TAMGLASS glass fountain furnace, Austrian Cai Saicose hollow glass production line, Meitu aluminum spray production line, etc., providing good hardware guarantee for the large -scale production of the product.

  At the same time, the company has realized the information management of the entire industry chain chain of seamless real -time electronicization, the synchronization of production and marketing technology, and product management of product management. In the process of providing products and services to customers, the company adopts the product "ID card" system to realize the full tracking of wooden window design, production, storage and transportation and after -sales. Customers first determine the product design plan map at the distribution store, and then transmit it to the company through electronic information to generate the product sales list. Essence Relying on its own information technology advantages, the company has continuously improved the level of automation and intelligence in all aspects of the industrial process, improves product quality, shorten the production cycle, and saves human resources.

  In order to meet the requirements of high -quality raw materials and components of energy -saving aluminum -saving wooden windows, the company also extended the product research and development and design to the upstream raw material supply stage, optimized the research raw materials targeted, and pursued the product insulation and energy -saving effect. The company has successfully realized the independent processing of key raw materials such as wood, aluminum profiles to frame structures, from glass original films to hollow glass. The large -scale production of energy -saving aluminum -saving and wooden window products is guaranteed. From 2019 to 2021, the company's R & D expenses were 22.405 million yuan, 27.183 million yuan, and 31.9313 million yuan, respectively, accounting for 3.08%, 3.25%, and 3.34%of the current operating income. As of the signing of the prospectus, the company has 88 patents authorized, including 27 invention patents, 55 practical new patents, and 6 exterior design patents.

  · Getting up increase production capacity expansion welcomes the "golden period" of the industry development

  After the company's IPO raised funds will be deducted from the issuance costs, they will invest in the three major projects of the three major projects of the three major projects: The proposed investment amount was 248 million yuan, 375 million yuan, and 50 million yuan, respectively.

  According to the company, the energy -saving window industry is ushered in the "golden period". On the one hand, the competent government departments of the central and local governments have promulgated a series of industrial policies to promote the development of energy -saving and green buildings in buildings. In addition, local building energy -saving design standards are becoming more and more stringent, thereby effectively promoting the market penetration and popularization of energy -saving window products; another In the context of the continuous deepening of national consumption upgrade trends, the consumption power and environmental awareness of end consumers are also increasing, and they are willing to pursue better home experience. In higher requirements, the market demand for driving high -quality custom energy -saving window products is continuously released.

  As of now, the market share of energy -saving aluminum -saving wooden windows in various types of energy -saving windows is still low, and there is a large gap between European and American families that have started earlier. However, compared with energy -saving windows such as plastic steel and aluminum alloy, energy -saving aluminum -saving wooden windows have advantages in high -end beauty and efficient and environmental protection. The market coverage is gradually extending from villas and high -end real estate to ordinary real estate. Demand potential and market space. This fundraising project will realize the expansion of the company's high -quality custom energy -saving aluminum -saving wooden windows, greatly increasing the market supply of high -quality products, thereby further meeting the market demand of downstream users, improving the housing experience of the vast number of residents, and helping to realize the ecological livability Home life goals. After this fundraising, the company will conduct forward -looking Effective methods such as sexual technology research and development, improve the company's production base layout in the developed regions of the southern economy, improve the company's research and development and innovation level, realize the large -scale expansion of high -quality energy -saving aluminum -saving wood windows, and continue to promote the iteration of technology and products. In general, this fundraising project is an important part of the company's realization of future development strategies. It will effectively promote the deep development of the advantageous business field, which will help the company to stabilize the foundation of development, improve product production and order delivery capabilities, and further improve product performance To meet customers' requirements for product quality and delivery efficiency, thereby expanding the market share of the company's customized energy -saving aluminum -based wooden window products. While greatly improving the company's income scale and profitability, it will also establish a good brand image.