上市捷报丨沙利文祝贺无锡日联科技股份有限公司成功登陆科创板(688531.SH)

Wuxi Rilian Technology Co., Ltd. (Stock Code:688531.SH) on2023year3month31Successfully logged into the Sci-tech Innovation Board on the same day. Rilian Technology is based onXIn the field of radiographic testing equipment, for integrated circuits and electronics manufacturing, battery, castings, welded parts, and pressure vessel industriesXRay detection products have a long history of R&D and accumulation, and are globally leading.XRaytheon Space Systems, Inc. - a Frost & Sullivan companyFrost & SullivanFrost & Sullivan, hereinafter referred to as 'Frost & Sullivan', hereby warmly congratulates the company on its successful listing.

Wuxi Rilian Technology Co., Ltd. (hereinafter referred to as 'Rilian Technology') was established on2023year3month31The company was successfully listed on the stock market, with the number of shares issued being1,985.1410,000 shares, issue price per share152.38yuan.

The company is the only domestic enterprise to achieve a closed-tube thermal cathode micro-focusXEnterprises mass-producing ray sources;

The company focuses on integrated circuits and electronic manufacturingXThe company holds a leading position in the field of ray intelligent detection equipment domestically, gradually breaking the monopoly held by foreign manufacturers in this area;

New energy batteriesXIn the field of radiographic inspection, the company's business scale ranks among the leading in China;

The company has high-powerXThe field of ray intelligent detection equipment has achieved a cutting-edge business layout.

Industry position

According to the company2021The annual operating revenue is estimated, which includes integrated circuits and electronic manufacturingXIn the field of radiographic testing, there are more than75%The market is occupied by overseas enterprises,2021Yearday Lianke Technology Co., Ltd., China6%Its market share is at the leading level in the industry.

Power batteries and energy storage batteriesXIn the field of radiographic inspection equipment, the localization rate of equipment is high, with domestic enterprises accounting for more than90%market share2021Yearday Lianke Technology Co., Ltd., China14%Its market share ranks second in the industry.

Frost & Sullivan has long been focusing on the global and China markets.XIn the radiographic inspection industry, a large number of research reports have been published and widely referenced in the prospectuses of leading Science and Technology Innovation Board listed companies within the industry, helping clients accelerate their growth.

XOverview of the Overall Market for Radiographic Testing Equipment

XRadiographic testing is a type of non-destructive testing. Non-destructive testing involves the use of principles and technologies such as radiation, ultrasound, infrared, electromagnetic, etc., combined with instruments to detect defects, chemical, and physical parameters in materials, parts, and equipment without damaging or affecting their operational performance.

In addition to the medical field,XThe downstream applications of ray detection equipment include integrated circuit and electronic manufacturing inspection, battery inspection, industrial castings, welded parts and pressure vessel inspection, foreign object detection, and public safety inspection.

2021Year in ChinaXThe total market size of ray detection equipment, excluding medical applications, is119.0100 billion RMB, compared to2017year83.4RMB 10 billion, with an annual compound growth rate of9.3%Growth is relatively stable. It is expected that by2026year, ChinaXThe market scale of radiographic inspection equipment in its main application areas is241.4billion, compared to2021In the year, its annual compound growth rate was15.2%Driven by the rapid growth in demand from downstream industries such as integrated circuits and electronics manufacturing, battery testing,XRay detection equipment is expected to maintain a high growth trend over the next five years.

chinaXMarket scale of radiographic inspection equipment (excluding applications in the medical field)

2017year-2026annual forecast

Source: Frost & Sullivan reportHigh-end electronics manufacturing and integrated circuit industry

Battery industry

XOverview of the X-ray Inspection Equipment Industry

Battery industryXRay detection equipment is characterized by high performance and strong customization. Its online devices generally cost over one million yuan, making them indispensable equipment for battery manufacturing enterprises.2021year,XThe market scale of ray detection equipment in the battery inspection field is13.2RMB 20 billion, with domestic equipment taking a dominant position. The consumer battery market is mature.XThe application of ray detection equipment in this industry is also relatively mature, with slow future growth. It is expected that in the future5year2022till2026Annual compound growth rate for7.6%.

The explosive development of the new energy vehicle and energy storage industries has driven the battery industryXThe main driving factor behind the rapid growth of ray detection equipment. Along with the high-speed expansion of production capacity in power batteries and energy storage enterprises,XThe demand for ray detection equipment in this field is growing rapidly, and the equipment technology is iterating quickly. It is expected that in the future5year2022Year to2026The annual compound growth rate will exceed40%Expected to be completed by2026year,XThe market scale of ray detection equipment in the overall battery inspection field will reach58100 billion RMB, with an annual compound growth rate of34.5%.

China battery testing fieldXMarket scale of radiographic inspection equipment

2017year-2026annual forecast

Source: Frost & Sullivan report

China's casting, welding and pressure vessel industries

XOverview of the X-ray Inspection Equipment Market

With the development of the times and the progress of science and technology, higher requirements have been put forward for the safety status, product quality, and performance of products in use.XThe superiority of ray detection technology itself is widely applied in the manufacturing and use of aerospace, automotive parts, and pressure vessel products. According to Frost & Sullivan statistics,XThe market scale of radiographic testing equipment in the automotive parts, aerospace, and pressure vessel industries accounts for a significant portion of the overall castings, welded parts, and pressure vesselsXRadiation detection market70%Above.

2021In [year], China's industryXThe market scale of radiographic testing equipment is nearly21.1Around 100 million yuan, related fields in the futureXThe market for ray detection equipment still has room for development, with an estimated2026The annual market scale will exceed44.2hundred million,2021Year-end2026The annual compound growth rate will be close to about15.9%Market drivers include the development of manufacturing processes in related industries and improvements in production efficiency.

China's casting, welding and pressure vessel industriesXMarket scale of radiographic inspection equipment

2017year-2026annual forecast

Source: Frost & Sullivan report

View the prospectus

Frost & Sullivan has extensive research experience in advanced manufacturing, automotive and transportation industries. It assists well-known enterprises in successfully accessing the capital market. Successful listing cases include: Hesai Technology (HSAI.NASDAQ), Yikatong Technology ECX.NASDAQ), Buyang International2457.HK), Newton GroupNWTN.NASDAQ), Zhongchuang New Aviation3931.HK), Leapmotor9863.HK), Deutsche Bank Worldwide2418.HK), Kuaidao Taxi2246.HK), NIO AutoNIO.SGX), NIO Auto9866.HK), Canggang Railway2169.HK), Yanguang PearlYGMZ.NASDAQ)Asia Express8620.HK),InfinityL&T（1442.HK),TOMOHOLDINGS（6928.HK), iFlytek IntelligenceEH.NASDAQ), Aodima8418.HK), Xiangxing International8157.HK), CIMC Trucks1839.HK), Xunlong1930.HK), CSSC Leasing3877.HK), Chengdu Expressway1785.HK), Tianrui Auto Interior (6162.HK), Beping Holdings2885.HK), Huazhi International2258.HK), Pulin Mountain Formation1809.HK), NIO AutoNIO.NYSE), Wanlida8482.HK), Qilu Expressway1576.HK), Yingheng Technology1760.HK), Asia Industry1737.HK), Ruifeng Power2025.HK), Gaomeng Technology8065.HK), Hebei Yichen1596.HK), Zhengli Holdings8283.HK), JunGao Holdings8035.HK), Yadi Group1585.HK), Yihai Car RentalEHIC.NYSE), Xincheng Power (1148.HK), Zhengxing WheelsZX.NYSE), Shuanghua Holdings1241.HK), Changfeng Axles1039.HK).