Hytera(002583)2023-11-16 08:34Satellite Communication - The company focuses on ground-side terminals in the satellite communication field, including vehicle-mounted terminals, ship-mounted terminals, portable terminals, and fixed stations [1] - The company combines 5G communication with broadband low-orbit satellite communication technology, and some test systems have been delivered [3] - The company actively participates in the research and industrialization of low-orbit satellite-related terminal products [3] - The company's subsidiary, Norsat, has over 40 years of experience in satellite ground terminals and has global leading capabilities in R&D, production, and sales [3] - The company currently does not involve in Starlink-related business [3] Automotive Electronics - The subsidiary, Shenhai, provides hardware manufacturing services for leading automakers such as Geely, GAC, Seres, and XPeng [3] - The subsidiary has started receiving orders for the M9 model and mainly supplies M5 and M7 models [3] - The subsidiary provides manufacturing services for three-electric systems and small three-electric systems for domestic leading new energy battery manufacturers and vehicle manufacturers [3] - The company does not involve in lithium battery business [3] Artificial Intelligence - The company's intelligent command and dispatch business deeply integrates AI technology, using AI-driven natural language processing technology to provide intelligent police information support [4] - The company does not involve in satellite launch business and focuses on ground-side terminals [3] 5G and 6G Technology - The company provides boards and system supplies for domestic operators and has formed large-scale order sales overseas [4] - The company is a member of the IMT-2030 (6G) Promotion Group and tracks the evolution of 6G technology [4] - The company combines 5G communication with broadband low-orbit satellite communication technology to create an integrated communication system [5] Smart Manufacturing and Green Initiatives - The company has upgraded its manufacturing capabilities with a fully automated production environment and has built the world's largest dedicated communication product production base [4] - The company has implemented a 5G+ smart factory project, achieving 5G private network signal coverage throughout the factory area [4] - The company has established a green factory promotion group and implemented a green factory medium and long-term plan [4] - The company has been awarded the "National Green Factory" and "National Green Supply Chain" titles [4] Financial Performance - The company achieved a turnaround in 2022 and saw a significant increase in non-GAAP net profit in the first three quarters of 2023 [6] - The company's debt ratio decreased from a high of 63% to around 45%, and operating cash flow has remained positive for five consecutive years [6] - The company's stock price has been affected by performance fluctuations, financial pressures from previous expansions, and the impact of the pandemic on overseas business [6] Investor Relations - The company held a performance briefing on November 15, 2023, via the Panorama Network's "Investor Relations Interactive Platform" [1] - The company's stock price and market value hit historical lows, and the company explained the reasons, including financial pressures and the impact of the pandemic [6] - The company's stock price has dropped by more than 90%, causing significant losses for small and medium investors [6]