HGTECH(000988) 巨潮资讯·2025-04-18 10:33Core Viewpoint - The company perceives the "reciprocal tariff policy" as presenting more opportunities than challenges, leveraging overseas subsidiaries to mitigate the impact of U.S. tariffs on performance [2] Group 1: Business Expansion and Market Position - The company is expanding production capacity through subsidiaries in tariff-friendly countries like Australia, the U.S., and Vietnam, effectively reducing the impact of U.S. tariffs [2] - The company's differentiated competitive advantage has been enhanced due to China's increased tariffs on U.S. products, prompting a shift towards domestic supply chains [2] - As an industry leader, the company is focusing on core technology positioning and transforming domestic substitution into innovation-driven capabilities to expand business growth [2] Group 2: Business Segments and Growth Projections - The sensing business is expected to maintain growth by exploring new projects, expanding the pressure sensor market, and accelerating overseas development by 2025 [2] - The smart equipment business has seen a significant year-on-year increase in orders in the new energy vehicle and shipbuilding sectors, with shipbuilding orders expected to exceed 1 billion yuan in Q2 [2] - The optical module business is benefiting from a surge in domestic computing power demand, with ongoing capacity enhancements from the Thailand factory and domestic R&D projects, and new products like 800G and 1.6T entering mass delivery [2] Group 3: Talent Development and R&D Investment - The company has achieved significant results in school-enterprise reform and plans to stimulate innovation potential among young tech talents through stable core team retention and employee stock ownership plans [2] - R&D investment is projected to increase by 23.73% year-on-year in 2024, focusing on hardware platform development and attracting high-caliber talent, while exploring cutting-edge fields like 6G and interstellar communication [2] Group 4: Share Buyback and Talent Acquisition - The company plans to repurchase shares worth 300 to 400 million yuan for employee incentives and aims to recruit 500 PhDs and 2,000 master's degree holders over the next five years [3] - The company intends to increase its overseas sales proportion from less than 15% to over 30% through localized R&D, supply chain enhancements, and market expansion [3]