科創(chuang)板掘(jue)金(jin)丨江蘇北人機器(qi)人(16.170, 0.39, 2.47%)系統股(gu)份有限公(gong)司

　　科創(chuang)板第一批(pi)企業(ye)(ye)江蘇(su)(su)北人(ren)(ren)(ren)(ren),其(qi)(qi)實(shi)是(shi)個機器(qi)組(zu)裝代(dai)工(gong)(gong)(gong)(gong)(gong)廠?作為科創(chuang)板的(de)(de)(de)首批(pi)受(shou)理名單,江蘇(su)(su)北人(ren)(ren)(ren)(ren)的(de)(de)(de)科技成(cheng)色頗受(shou)關注(zhu)。從招股(gu)書來看,江蘇(su)(su)北人(ren)(ren)(ren)(ren)的(de)(de)(de)主營業(ye)(ye)務為提(ti)供工(gong)(gong)(gong)(gong)(gong)業(ye)(ye)機器(qi)人(ren)(ren)(ren)(ren)自動化(hua)(hua)、智能(neng)化(hua)(hua)的(de)(de)(de)系(xi)統(tong)(tong)集(ji)(ji)成(cheng)整體解決(jue)方案,主要(yao)(yao)涉(she)及(ji)柔性自動化(hua)(hua)、智能(neng)化(hua)(hua)的(de)(de)(de)工(gong)(gong)(gong)(gong)(gong)作站(zhan)和生(sheng)產(chan)線(xian)的(de)(de)(de)研發(fa)、涉(she)及(ji)、生(sheng)產(chan)、裝配(pei)及(ji)銷售。其(qi)(qi)主要(yao)(yao)產(chan)品是(shi)焊(han)(han)接用(yong)(yong)工(gong)(gong)(gong)(gong)(gong)業(ye)(ye)機器(qi)人(ren)(ren)(ren)(ren)系(xi)統(tong)(tong)集(ji)(ji)成(cheng)、非焊(han)(han)接用(yong)(yong)工(gong)(gong)(gong)(gong)(gong)業(ye)(ye)機器(qi)人(ren)(ren)(ren)(ren)系(xi)統(tong)(tong)集(ji)(ji)成(cheng)以及(ji)工(gong)(gong)(gong)(gong)(gong)裝夾具(ju)等(deng)。所(suo)以江蘇(su)(su)北人(ren)(ren)(ren)(ren)的(de)(de)(de)主營業(ye)(ye)務更像是(shi)提(ti)供資(zi)源整合的(de)(de)(de)業(ye)(ye)務,企業(ye)(ye)本身并不制造機器(qi)人(ren)(ren)(ren)(ren)。有(you)(you)網友戲稱,“上(shang)科創(chuang)板的(de)(de)(de)江蘇(su)(su)北人(ren)(ren)(ren)(ren),其(qi)(qi)實(shi)就是(shi)一個機器(qi)人(ren)(ren)(ren)(ren)組(zu)裝代(dai)工(gong)(gong)(gong)(gong)(gong)廠。”值(zhi)得注(zhu)意的(de)(de)(de)是(shi),江蘇(su)(su)北人(ren)(ren)(ren)(ren)無形(xing)資(zi)產(chan)中,專利(li)權(quan)與軟件使用(yong)(yong)權(quan)合計的(de)(de)(de)價值(zhi)不足300萬,研發(fa)費用(yong)(yong)占比(bi)不足4%。另外(wai),關鍵(jian)技術創(chuang)新性存疑且可替代(dai)性強,核心競爭力有(you)(you)短(duan)板,預收款項占營收比(bi)值(zhi)顯著(zhu)高于(yu)同業(ye)(ye),回款周期較長有(you)(you)風(feng)險,汽車行業(ye)(ye)整體下(xia)滑,對公司(si)毛(mao)利(li)率形(xing)成(cheng)挑(tiao)戰(zhan)。