HET,Shenzhen H&T Intelligent Control Co., Ltd.

SZSE: 002402 168体育

H&T's revenue for the first quarter was RMB1.27 billion, up 73% year-on-year

2021-5-12 16:06| Views: 4138

During the first quarter of 2021, the company had good operation and abundant orders, and continued to achieve growth in both revenue and profit by continuously strengthening internal management and enhancing operational management efficiency. During this period, the company achieved operating revenue of RMB 1.27 billiion, a year-on-year increase of 73.16%, and net profit attributable to the parent company of RMB 107.96 million, a year-on-year increase of 74.59%.

The growth of the company's business is mainly due to the product upgrade in intelligence level of traditional intelligent controllers and the industrial transfer of the electronics industry.  The market space of our industry has further grown and we enhanced our market share through our comparative advantage in the market. The company has responded to the price increase of upstream electronic components and the problem of tight supply by setting up safety stock of raw materials, advance stocking, price conduction, R&D design optimization, raw material substitution and a series of measures to ensure the stable improvement of the company's gross margin level.

The company continues to invest in R&D to enhance its technological barriers. In the first quarter of 2021, R&D investment expenses reached RMB 58.77 million, up 65.62% year-on-year.

The company will continue to cultivate the intelligent controller industry segments, give full play to the company's strategic advantage of "four lines of business", further enhance the company's industry position, to protect the company's sustainable and stable development.

With the first-mover advantage in the field of automotive electronic intelligent controller, the company continues to obtain platform-level orders from world-renowned auto parts manufacturers, and currently has more than RMB 7 billion of orders in hand, which will be delivered in 8-9 years; involving terminal brands such as BMW, Audi, Volkswagen, Geely, etc. With the close cooperation with global famous parts manufacturers, the company has the ability to obtain orders continuously in the future, and the company will also increase the investment in R&D of automotive electronic intelligent controller to lay a solid foundation for obtaining more and better quality orders.
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Shenzhen H&T Intelligent Control Co., Ltd. ( ICP 06028608 )

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