Fortior Technology(Shenzhen) (SH:688279)2024-05-20 10:10Group 1: Financial Performance - In 2023, the company achieved operating revenue of 41,135.92 million yuan, a year-on-year increase of 27.37% [2] - In Q1 2024, the company reported operating revenue of 11,619.32 million yuan, up 31.14% compared to the same period last year [3] - The net profit attributable to shareholders in Q1 2024 was 5,056.10 million yuan, reflecting a growth of 26.87% year-on-year [3] Group 2: Profitability Metrics - The gross margin for the main business in 2023 was 53.47%, a decrease of 3.82 percentage points from the previous year due to market competition [3] - The comprehensive gross margin showed a slight recovery in Q1 2024 [3] Group 3: Non-Recurring Gains - In 2023, the company recorded non-recurring gains of 5,668.26 million yuan, primarily from government subsidies and cash management income [3] Group 4: Market Segmentation - In 2023, sales from smart home appliances, electric tools, and mobility applications accounted for 70.99% of total sales [3] - The sales proportion in the white goods sector increased from 10.35% in 2022 to 14.45% in 2023 [3] - Sales in the automotive electronics sector reached 5% in 2023, marking a significant milestone for the company [3] Group 5: R&D Investment - Total R&D investment in 2023 was 8,467.43 million yuan, a year-on-year increase of 32.63%, representing 20.58% of operating revenue [4] - The number of R&D personnel grew by 19.86% in 2023, with R&D staff constituting 73.84% of the total workforce [4] Group 6: Product Advantages - The company focuses on BLDC motor driver control chips, which offer high torque density, superior speed regulation, and energy efficiency [4] - The integration of chip design, motor drive architecture, and motor technology allows the company to meet complex control demands in various applications [4] Group 7: International Expansion - The company aims to become a global leader in motor driver control chips and systems, actively participating in international exhibitions and strengthening overseas partnerships [4] Group 8: Share Buyback - In Q1 2024, the company initiated a share buyback program to enhance investor confidence and support long-term incentive mechanisms [4]