Hytera(SZ:002583)2023-02-06 10:14Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of between 390 million and 490 million CNY for 2022, marking a significant turnaround from losses, largely due to a 290 million CNY investment gain from the sale of subsidiary Saipule [1] - Excluding this factor, the company's performance shows notable improvement compared to 2021, despite facing severe macroeconomic challenges and the impact of the pandemic [1] Group 2: Business Development - The core private network business demonstrates strong internal momentum, with stable growth in the parent company's products and a robust recovery in narrowband business [1] - The company has significantly increased the number of channel partners, leading to a higher proportion of channel business in overall operations [2] Group 3: Management and Operational Efficiency - In 2022, the company achieved significant improvements in operational efficiency and profitability of its main business, with stable gross margins, reduced expense ratios, and increasing per capita output [2] - The company aims for a double-digit compound growth rate in overall revenue, with a gradual increase in net profit margins as management practices improve [2] Group 4: Strategic Focus and Future Outlook - The narrowband business, as the company's main strategic product, achieved growth above the industry average and is expected to maintain a stable compound growth rate [2] - The company’s growth-oriented business accounted for over 10% of total revenue in 2022, with public-private integration business making up about 70% of that segment [2] - The North American business, primarily channel-driven, has seen rapid growth and is expected to continue this trend in the coming year [2]