HCET(SZ:002729)2022-11-19 03:04Group 1: Company Strategy and Market Expansion - The company has introduced a new development strategy called "XYZ Three Axes" to enhance competitiveness and sustainability, focusing on green energy and social responsibility [2][6]. - Future market expansion plans include optimizing the sales system and expanding into new domestic and international markets, with a focus on direct sales, professional distributors, and small trade companies [3][4]. - The company aims to increase the revenue share from power fuses to approximately 40% by enhancing its product offerings in the new energy sector [4][6]. Group 2: Financial Performance and Projections - In 2021, the company achieved a revenue of 222.59 million yuan, representing a year-on-year growth of 31.56%, and a net profit of 24.14 million yuan, up 123.85% [10][12]. - The company plans to continue leveraging market opportunities and increasing R&D efforts to maintain growth momentum in the face of rising competition [10][12]. Group 3: Product Development and Innovation - The company has invested significantly in R&D, with 9.9972 million yuan allocated in 2021, accounting for 4.49% of total revenue, and 15.11% of the workforce dedicated to R&D [9][10]. - The company has developed a comprehensive range of fuses and established strong partnerships with leading manufacturers in various sectors, including renewable energy and automotive [6][11]. Group 4: Industry Position and Competitive Advantage - The company is recognized as a leading manufacturer in the circuit protection component industry, with a strong market presence and a reputation for quality [8][11]. - It has established long-term partnerships with major brands, enhancing its competitive edge and market share [11][12]. - The company holds 47 patents as of the end of 2021, reflecting its commitment to innovation and technological advancement [8][9].