HL CORP(SZ:002105)2022-12-04 12:14Group 1: Business Development and Performance - The company has seen significant growth in the shared electric scooter business, with notable performance increases in the first half and third quarter of 2019 due to the rising popularity of eco-friendly transportation options [2] - The company began shipping scooter frames in April 2019, with continuous shipments to new customers until the end of 2019 [2] - The company holds approximately 80% market share in the electric scooter product segment among its clients [3] Group 2: Production Capacity and Orders - The company can expand its production capacity to over 700,000 units annually, contingent on the stability of customer orders [4] - Customers typically place orders about two months in advance, with order volumes fluctuating based on demand [3] - The company is optimistic about significant growth in the shared electric scooter market in 2020 [3] Group 3: Market Trends and Competitors - The popularity of electric scooters is bolstered by government support and a growing trend towards short-distance green transportation in Europe and the US [2] - Competitors in the shared scooter market, such as Lime, are nearing profitability [2] - The company does not have business ties with Baifang Motor, despite its strong financial performance [3] Group 4: Strategic Initiatives and Future Outlook - The company has approved a share buyback plan to enhance long-term development and employee motivation [4] - The bicycle parts business is expected to see slight growth in 2020, while demand for rehabilitation equipment is anticipated to rise due to an aging population [4] - The company is actively seeking acquisition opportunities in the rehabilitation equipment sector as the industry matures [5] Group 5: Financial Reporting and Forecasts - The company plans to disclose its 2019 annual performance report by January 31, 2020, and the annual report by April 15, 2020 [5] - Orders for 2020 are expected to continue, with ongoing product optimizations affecting future specifications [5]