HUATIE(SH:603300)2023-10-11 08:21Group 1: Company Performance - As of September 2023, the company has over 116,000 high-altitude operation platforms, an increase of 14,000 units since June 2023, with a total addition of nearly 39,000 units this year [2] - The offline network has exceeded 260 locations, with over 40 new locations added since June 2023 [4] - The rental rate has remained above 89% since March 2023, consistently maintaining around 89% [4] Group 2: Business Models - The joint venture model involves the company and partners jointly investing to form a new entity, with the partner holding a higher equity stake, leading to consolidated financial reporting by the partner [4] - The subleasing model allows the company to rent equipment from financial partners or idle equipment owners, generating rental income and costs reflected in the consolidated financial statements [4] - As of June 2023, the total number of subleased units has exceeded 15,000 [4] Group 3: Technological Advancements - The company launched the Qingtian digital management system in 2020, which has undergone over two years of optimization, enhancing operational efficiency and reducing costs [5] - The digital platform includes modules for IoT, logistics, order management, asset management, and financial settlement, significantly improving operational management capabilities [5] Group 4: Strategic Expansion - As of September 2023, the company has established nine stores for the joint venture with Dongyang City Investment in cities like Shanghai and Nanchang, with the first batch of equipment valued at 300 million yuan already delivered [5] - The establishment of outlets in Tibet and Qinghai is part of a strategy to meet the growing demand for high-altitude operation platforms in rapidly developing regions [5]