Recently, Shenzhen Derun Electronics Co., Ltd. (002055) announced that it plans to use a price of not less than RMB 15.25 per share, the number of non-public offerings will not exceed 54 million shares, and the funds raised will not exceed 824 million yuan for acquisitions. Tianhai Automotive Electronics Group's automotive connector and harness business as a whole. Since the automotive connector and wiring harness field, especially the high-end supporting system, has a high entry threshold and requires a long period of time, Derun Electronics intends to quickly increase its market competitiveness in the automotive connector and wiring harness field through this non-public offering.
Tianhai Electric is the largest automotive connector research and production enterprise in China and the emerging automotive electronics production base. It mainly produces and sells automotive connectors, central electrical boxes, automotive electronics, wire harnesses, and wire harnesses. The products are available in China. Many brands outside the company have been awarded “GM Global Excellent Supplier†by U.S. General Motors for four consecutive years. In 2011, Tianhai Electric realized operating income of 1.524 billion yuan and net profit of 16.58 million yuan. In 2010, Tianhai Electric realized operating income of 1.618 billion yuan and net profit of 71.48 million yuan.
According to the agreement between the two parties, the assessed value of the reference target assets shall not exceed 1.3 times the net assets value, and the total amount shall not exceed 650 million yuan. The acquisition mainly consists of 100% equity interest in Henan Tianhai Electric Co., Ltd., which is directly or indirectly held by Tianhai Auto, and the entire equity interest in other wholly-owned subsidiaries and holding companies.
Derun Electronics stated that the rapid growth of domestic automobile sales has brought a vast market space to the domestic automotive connector industry. According to estimates by related agencies, in 2009 China's auto connector and wire harness market had reached a scale of 66.2 billion yuan. In 2010, the market size reached 72.9 billion yuan, and in 2011 it is expected to reach 80 billion yuan or more. In the next few years, China's auto connector industry will maintain its momentum of rapid development.
About De Run:
Since its establishment in 1992, DeRun Electronics has been focusing on the R&D, manufacturing and sales of connectors. The products cover electronic connectors, electronic harnesses, precision molds, and automotive electronics. They are widely used in home appliances, communications, computers and peripheral equipment. , automotive, medical equipment, industrial and other fields.
The main function of the edge banding is to seal the cross-section of the board, so as to avoid the damage of the board and the adverse factors (mainly moisture) in the process of use and prevent the formaldehyde inside the board from volatilizing, and at the same time achieve the effect of beautiful decoration.
The product has the following main features: smooth surface, no blistering, no ribbing, moderate gloss, smooth surface and back surface, uniform thickness, uniform width, reasonable hardness, high elasticity, good quality, strong wear resistance, trimmed and sealed The color of the side and the side is close to the surface color, not whitish, good gloss, and the overall color of the finished furniture is coordinated.
Judge good or bad
1. Look at the hue and surface roughness of the edge banding strip. The color of the surface of a good edge banding strip is also very important. Whether the color is close to the customized product and is gorgeous. If the surface is very rough and there are pull marks, the quality is definitely not much better. This is the surface quality of the edge banding strip. It has nothing to do with the quality of the inner material of the edge banding, mainly the production process of the edge banding factory and the production technical skills of the employees. A good edge banding strip is: the surface must be smooth, no blistering or seldom bubbling, no drawing or few drawing, moderate gloss, not too shiny or too matte (unless there are special requirements).
2. Check the flatness of the surface and bottom of the edge banding and whether the thickness is uniform, otherwise it will cause the joint between the edge band and the board, the glue line is too eye-catching or the gap between the board and the edge band is too large, which will affect the overall beauty. Details determine success or failure, and often a small detail problem may bring an embarrassing situation where the overall effect is not good.
3. Whether the edge trimming is whitish, whether the surface of the bent edge strip is severely whitish, and whether the ground color of the trimming strip is close to the surface color of the board in question. PVC Edge Banding strips are mainly made of PVC and Calcium Carbonate plus additives. If the calcium carbonate content is too high, whitening of the edge banding and bending will occur, which proves that the quality of such products is not good.
4. Whether the strength is okay and whether there is elasticity. High strength means good wear resistance, and the corresponding quality is better. Too high strength also means increased processing difficulty. Low elasticity means low wear resistance and low aging resistance. In addition, according to actual production needs, manual trimming is generally required, and soft spots can be made appropriately, and the automatic edge banding machine can make hard points appropriately.
5. Whether the adhesive is applied evenly and whether it is easy to fall off during use.
6. Smell whether the PVC edge banding strips taste or not. Products produced with good quality raw materials generally have a small taste. If the taste is too large, it means that the quality of the raw materials used in production is relatively poor.
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