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● Changjiang Business Daily reporter Zhang Lu

Yangtze Business Daily NewsAs the consumer electronics industry gradually recovers, Haozhi Mechanical & Electrical (300503.SZ) achieved good growth in its performance in the first half of the year.

On July 28, Haozhi Mechanical & Electrical disclosed its 2024 semi-annual report. During the reporting period, the company achieved operating income of 616 million yuan, a year-on-year increase of 31.54%; and achieved net profit of 54.92 million yuan, a year-on-year increase of 470.14%. In the same period last year, the company suffered a loss of 14.84 million yuan.

In the first half of the year, Haozhi Mechanical and Electrical Spindle Business achieved sales revenue of 303 million yuan, a year-on-year increase of 90.85%, accounting for 49.14% of the total revenue.

A reporter from the Yangtze Business Daily noticed that in 2024, robots once again became a hot topic in the technology industry, and Haozhi Mechanical and Electrical also actively started to make plans. The company established the original robotics division as an independent subsidiary to accelerate the marketization and industrialization of the robotics business.

To this end, Haozhi Electromechanical has accelerated its research and development process. From 2021 to the first half of 2024, the company's cumulative R&D investment totaled 359 million yuan. The robotics business is expected to become the company's second growth curve.

Net profit in the first half of the year increased nearly 5 times

Haozhi Mechanical & Electrical was established in 2006. Its main business is the research and development, design, production, sales and supporting maintenance services of high-speed precision electric spindles and their spare parts. Its customers include Foxconn, Lens Technology, BYD, etc.

Since its listing on the GEM in 2016, Haozhi Mechanical & Electrical's overall revenue has increased significantly. From 2016 to 2022, its revenue was RMB 331 million, RMB 446 million, RMB 462 million, RMB 352 million, RMB 874 million, RMB 1.153 billion, and RMB 965 million, respectively; its net profit fluctuated, which was RMB 63 million, RMB 75 million, RMB 51 million, -RMB 155 million, RMB 75 million, RMB 140 million, and RMB 22 million, respectively.

In 2023, due to the decline in the global terminal consumer electronics industry and the intensification of market competition, the company's main business gross profit margin declined, and its performance showed an increase in revenue but not profit. Last year, Haozhi Electromechanical achieved a revenue of 1 billion yuan, a year-on-year increase of 3.66%; a net profit loss of 194 million yuan, a year-on-year change from profit to loss; a non-net profit loss of 239 million yuan, a year-on-year increase.

However, as the consumer electronics industry gradually recovers and market demand increases, Haozhi Electromechanical's performance will rebound significantly in 2024. In the first half of this year, the company achieved revenue of 616 million yuan, a year-on-year increase of 31.54%; net profit of 54.92 million yuan, a year-on-year increase of 470.14%, and a loss of 14.84 million yuan in the same period last year; non-net profit was 30.48 million yuan, a year-on-year increase of 213.65%.

Specifically, Haozhi Electromechanical's spindle business achieved sales revenue of 303 million yuan in the first half of the year, a year-on-year increase of 90.85%, accounting for 49.14% of the total revenue.

In July this year, Haozhi Electromechanical released the draft of the 2024 restricted stock incentive plan, intending to grant a total of 9.18 million restricted shares, accounting for 3% of the company's total share capital. Among them, 8.262 million restricted shares were granted for the first time, and 918,000 restricted shares were reserved. A total of 102 incentive targets were granted for the first time, including directors, senior executives, managers and core backbone personnel of the company. The grant price (including the reserved portion) is 6.50 yuan per share.

Haozhi Mechanical & Electrical said that the equity incentive plan aims to further improve the company's governance structure, establish a sound long-term incentive mechanism, and attract and retain outstanding talents.

Clarify the strategic layout of robots

In recent years, robots have once again become a hot topic in the technology industry and have been widely used in industries such as automobiles, electronics, metal products, plastics and chemical products.

Data shows that complete sets of industrial robot automated production line equipment have become the mainstream of automation equipment and the future development direction. It is estimated that the global and Chinese industrial robot market sizes will grow at a compound annual growth rate of 9.5% and 15.3% respectively from 2021 to 2024.

In this context, Haozhi Electromechanical has deeply cultivated the concept of independent innovation and closely followed market demand. On the one hand, it has continued to consolidate and expand its leading position in the field of spindle products, and on the other hand, it has actively entered emerging industries such as core functional components of robots and achieved fruitful results.

A reporter from the Yangtze Business Daily noticed that since 2024, in order to further clarify the strategic layout and promote the better development of the robotics business, Haozhi Mechanical and Electrical invested 60 million yuan to set up the original robotics division as an independent subsidiary. The layout covers core components in the robotics field such as harmonic reducers, frameless torque motors, drives, control systems, and six-dimensional torque sensors.

In fact, Haozhi Electromechanical entered the field of core components of intelligent robots as early as 2014. Through independent research and development, it has mastered a series of core technologies such as "high-performance harmonic reducer" and "high-precision encoder", and successfully achieved the nationalization of core functional components of intelligent robots.

In terms of R&D results, by the end of 2023, Haozhi Electromechanical and its domestic subsidiaries have accumulated a rich reserve of intellectual property rights, with a total of 483 patents, including 182 invention patents, 289 utility model patents and 12 design patents. In addition, through the acquisition of Infranor Group, it also acquired 55 key patents held by the group.

Strong technological achievements are inseparable from long-term investment. A reporter from the Yangtze Business Daily noticed that from 2021 to the first half of 2024, the company's R&D investment was 90 million yuan, 105 million yuan, 108 million yuan and 55.9197 million yuan, respectively, accounting for 7.86%, 10.90%, 10.75% and 9.08% of operating income, respectively. The cumulative R&D investment in three and a half years reached 359 million yuan.

Industry insiders pointed out that in the future, Haozhi Mechanical & Electrical will be expected to benefit from the rapid growth of the humanoid robot industry, build the robot business into the company's second growth curve business, and promote the company's steady development.