Other types of security production listed companies in 2015

HC Security Network News fewer than video surveillance, access control and security identification number of production-oriented enterprises, we collect other security products have 11 of these companies in 2015 and operation data in Table 3-1.

Table 3-1, Table of Operation of Other Security Products Manufacturers in 2015

The types of enterprises in Table 3-1 include burglar alarm, physical protection, and security inspection equipment. However, the number of anti-theft and security inspection companies other than physical protection is small, and most of them are insufficient. For example, 4 burglar alarm companies have only one high-security representative. The company is based on EAS (ElectronicArticleSurveillance), and Langhong Technology is the main product of electronic equipment display anti-theft products. Business, they account for a small proportion of the entire burglar alarm market; and security products only have the same party.

Among the 11 companies, the income increased by more than 60%, the increase was 40~59.9%, the increase was 20~39.9%, the growth was 0~19.9%, and the negative growth was 3, accounting for 27.3 of the total. %, 0%, 9.1%, 36.4%, and 27.3%. In 2014, these three types of security listed companies only had four high-security, Zhongrui Sitron, Tongfang Weiwei and Jingang Glass, and their income growth rate ranged from 0 to 19.9%.

Table 3-2. Statistics of the growth rate of operating income of other security production enterprises

From the perspective of 11 companies in 2015, most of them are newly listed companies in the New Third Board in a year. The trend of two-level differentiation of enterprises is relatively obvious. The income of a few enterprises is growing rapidly, and most enterprises are growing slowly or negatively. Faster-growing companies are concentrated in the field of physical protection, especially smart lock manufacturers. Compared with 2014, it seems that other security companies are also in a state of polarization and slowing growth.

In Table 3-3, we compare the gross profit margin and profit increase and decrease ratio of other security companies in 2015 and 2014. In 2015, the profit margin of 11 other security companies increased by 54%, accounting for 54.5%. The gross profit margin of 5 companies decreased by 45.5%; while the profit increased by 8 with 72.7%, and the profit decreased by 3, accounting for 27.3. %. In 2014, there were only four other security companies. Their gross profit margins increased by 2 and the two declined. Although the revenue growth of Tongfang Weiguang and Jingang Glass was not large, the profit still increased. Chuanggao's security revenue and gross profit margin increased but the profit fell due to the asset impairment loss of 21.32 million yuan.

Table 3-3: Comparison of gross profit margin and profit increase and decrease ratio of other security production enterprises

Overall, the profitability of other security listed companies in 2015 did not change much in 2014.

Due to the small number of these types of companies, we are prepared to add one or two companies in the burglar alarm and physical protection category to supplement the data of companies or subsidiaries listed after we have identified 200 companies.

Jiangsu Shengshi Huaan Intelligent Technology Co., Ltd. (838280) main products face recognition retrieval security visitor system, building anti-climbing system, vehicle access management system, etc., which are anti-theft alarm building anti-climbing sensors and 3G building alarm Hosts account for more than 55% of total revenue. The company's operating income in 2015 was 0.2037 billion yuan, an increase of 714%; net profit was 5.4 million yuan, compared with the previous year's loss of 2.92 million yuan to achieve a turnaround; gross profit margin of 78.99%, an increase of 41.61 percentage points. The company's sales revenue to achieve extraordinary growth and turn losses into profit is mainly a new type of anti-theft sensor technology - building anti-climbing sensors have been promoted. Its representative significance is that several new types of anti-theft sensor technology have been applied in recent years, which plays a role in the stability of the burglar alarm market.

Zhonganxiao's IOT Sensing Shenzhen Co., Ltd. is a subsidiary responsible for product manufacturing. It mainly produces anti-theft alarm products and a small number of other products. The annual report only has a net profit of 12.28 million yuan. In the case of Zhonganxiao, there is also a subsidiary, Shenzhen Dieter Security, which has a net profit of 3.67 million yuan. The operating income of Zhongan Consumer's security products was 2.2553 billion yuan, an increase of 10.81%, the gross profit was 60.69 million yuan, down 12.06%; the gross profit rate was 26.91%, a decrease of 7.00 percentage points over the previous year; Larger, this can roughly reflect the market situation of anti-theft products.

From the 4 companies in Table 3-1 plus 2 supplements, there are 6 anti-theft alarm companies available for us to study. In addition to the good performance of Shengshi Huaan and Meite, the performances of Gao'an Security, Sitron Medical and IOT are very general, while Langhong Technology's performance is very poor. This reflects that the burglar alarm industry is greatly affected by the economic environment, even if the overall performance of listed companies is not satisfactory. We believe that even with the addition of non-listed companies, there is still a certain gap between the overall decline of more than 20% mentioned by an alarm product manufacturer.

In Table 3-1, there are 3 smart lock manufacturing enterprises in the physical protection, one for the cash transport truck, the biometric gun cabinet and the security glass manufacturer.

Jiangsu Shuima Security Technology Co., Ltd. (838515) was listed late and was not listed in Table 3-1. The company's main business is a safe. In 2015, its operating income was 0.4197 billion yuan, an increase of 29.83%; net profit was 1.03 million yuan, which turned losses; gross profit margin was 16.67%, an increase of 1.57 percentage points. The company's products have low gross profit margins, and the company's ability to achieve profitability is mainly due to the decline in the price of steel, the main raw material used in production, resulting in an increase in the company's gross profit margin and the sales revenue of its products abroad of 0.2273 billion yuan, an increase of 44.40%.

In the field of physical protection, locks and gun cabinet manufacturers performed well. Due to increased competition, Dima's cash-carrying vehicles focused on producing and selling products with higher gross profit margins. Although revenues declined, gross profit margins and profits increased. Although the handsome horse security of the production of safes turned losses, the living environment is still difficult. Diamond glass, which produces security glass, has a lower gross profit margin but lower revenues and profits.

Tongfang Weiwei performed well, which is related to the better domestic security inspection market in the past two years and Tongfang’s winning bid in the Rio Olympics.

In general, the two types of listed companies, physical protection and security, are relatively better overall, while the burglar alarm sub-sector has relatively poor performance.

Editor in charge: Tian Wenjie