HAIMO(SZ:300084)2024-09-10 12:43Group 1: Company Overview and Strengths - The company celebrates its 30th anniversary this year and its subsidiary, Haimer Technology (Oman) Co., Ltd., marks its 20th anniversary [2] - Haimer Technology has gained recognition from major oil companies for its multiphase flow meter technology, which has driven market demand growth [2] - The company is positioned to benefit from the digital transformation in the oil and gas sector, with multiphase measurement products becoming standard configurations [2] Group 2: International Expansion and Partnerships - The company has developed a sustainable model for international expansion and local operation through its 20 years of experience in Oman [2] - Haimer Technology is committed to independent innovation while also seeking partnerships with leading renewable energy companies for collaborative research and joint ventures [2] - Strategic collaborations have been established with hydrogen energy companies to explore green hydrogen production and liquefaction technology [2] Group 3: Financial Performance and Risks - The proportion of overseas business revenue to total revenue from 2021 to 2024 is as follows: 24.48%, 33.07%, 33.11%, and 44.66% [3] - Potential risks from international relations in the Middle East are currently assessed as minimal, with plans to diversify market dependence [3] - The company aims to expand profit sources through market redevelopment, new product development, cost optimization, and external acquisitions [3] Group 4: Seasonal Revenue Trends - The company's main business exhibits significant seasonal characteristics, with lower revenue and net profit in the first half of the year compared to the second half [3] - The first quarter is typically a slow season due to budget approval processes among major oil clients, leading to concentrated revenue recognition in the second half, especially in Q4 [3] Group 5: Future Developments - The company is actively progressing with its non-public offering following approval from the China Securities Regulatory Commission in November 2023 [3]