Haite(SZ:002023) Zhong Zheng Wang·2025-04-24 03:48Core Insights - The company, Hite High-tech, reported a revenue of 1.319 billion yuan for 2024, marking a year-on-year increase of 25.26% [1] - The net profit attributable to shareholders reached 70.8825 million yuan, up 51.34% year-on-year, while the non-recurring net profit surged by 304.26% to 41.3666 million yuan [1] - The net cash flow from operating activities was 407 million yuan, reflecting a growth of 20.44% compared to the previous year [1] Business Overview - Hite High-tech specializes in high-end core equipment development, aviation engineering technology and services, and high-performance integrated circuit design and manufacturing [2] - It is the first private company in China to engage in the research and development of aviation products and services, holding multiple licenses for various aviation services [2] - The company has developed capabilities in manufacturing advanced aviation products, including flight simulators and aircraft oxygen systems, positioning itself as a leading provider in the domestic aviation sector [2] Strategic Focus - In 2024, the company will continue its "three-in-one" strategy focusing on high-end core equipment, aviation engineering services, and integrated circuit manufacturing, aiming to enhance its core competitiveness [3] - The company plans to increase its overseas market penetration and invest in innovative R&D to boost its independent development capabilities [3] - Revenue from high-end core equipment development is expected to grow by 9.63% year-on-year, with ongoing product series development across various aviation components [3] Aviation Engineering Services - Revenue from aviation engineering services increased by 31.01% year-on-year, driven by the growth of China's civil aviation sector [4] - The company is enhancing its maintenance capabilities and deepening collaborations with OEMs to improve service quality and efficiency [4] - Hite High-tech's subsidiary, Huaxin Technology, has obtained IATF16949 certification, enabling its semiconductor products to enter the automotive market [4] Future Outlook - The company's strategic positioning aligns with national initiatives in aerospace, low-altitude economy, and artificial intelligence, presenting significant market opportunities [4] - By 2025, the company aims to deepen its development strategies and focus on new productivity in aviation products and services, enhancing operational efficiency for sustainable growth [4]