Hi-Target(SZ:300177)2022-11-14 05:01Group 1: Company Overview and Business Focus - The company specializes in high-precision positioning technology, focusing on the research, development, manufacturing, and sales of related software and hardware products and services, primarily based on Beidou high-precision positioning equipment and high-precision time-space information solutions [2][3]. Group 2: Financial Performance - In the first half of 2022, the company achieved operating revenue of ¥563,422,411.84, a decrease of 32.69% compared to the same period last year; net profit attributable to shareholders was ¥60,324,004.64, down 11.50% year-on-year [3][4]. - The significant decline in revenue was mainly due to the impact of the COVID-19 pandemic, which affected business with government and large state-owned enterprises, leading to delays in project implementation and procurement processes [3]. Group 3: Business Segments - The company operates two core business areas: traditional surveying and spatial geographic information, and emerging strategic business in Beidou high-precision intelligent applications [3][4]. - The surveying and spatial geographic information business includes spatial information, aerial surveying, marine exploration, and safety monitoring [3]. - The Beidou high-precision intelligent applications business focuses on intelligent driving, high-precision industry applications, and specialized high-precision applications [3]. Group 4: Safety Monitoring Solutions - The company provides comprehensive solutions for displacement and deformation monitoring, focusing on applications in geological environments, bridge construction, and civil engineering [4]. - In the first half of 2022, the safety monitoring business maintained stable growth, with significant developments in geological disaster monitoring in various provinces [4]. Group 5: Marine Detection Products - The company offers marine sonar detection solutions, including domestically produced multi-beam echo sounders and Doppler current profilers, widely used in marine surveying and environmental monitoring [4]. - The company has been involved in the modernization of hydrological monitoring, contributing to the advancement of the industry towards fully automated monitoring [4]. Group 6: Beidou High-Precision Industry Applications - The company provides integrated solutions for specific industry clients, including the construction and operation of CORS networks and high-precision positioning services [5]. - In 2022, the company participated in a major project for the comprehensive application of Beidou technology in the railway industry, establishing a solid foundation for the integration of high-precision technology in railway safety and intelligent construction [5]. Group 7: Petrochemical Industry Applications - The company has developed Beidou high-precision explosion-proof terminals for the petrochemical industry, which have passed national certification [6]. - These terminals support centimeter-level positioning and provide real-time location tracking and information management to enhance safety in petrochemical operations [6].