YINGHE TECHNOLOGY(SZ:300457)2022-12-03 09:22Company Overview - Shenzhen Yinghe Technology Co., Ltd. was established in 2006, focusing on the R&D, design, manufacturing, sales, and service of lithium battery automation production equipment. It is the first provider of complete intelligent production line solutions in the industry [3]. - The company has successfully implemented over 20 complete production lines, gaining recognition from mainstream industry clients for its high quality, low energy consumption, fast delivery, and high yield rates [3][4]. Financial Performance - In the first half of 2018, the company achieved total revenue of 991.23 million yuan, a year-on-year increase of 34.52% [3]. - The net profit attributable to shareholders was 170.02 million yuan, representing a year-on-year increase of 48.71% [3]. - The gross profit margin for the company's products was 34.98%, up by 0.64 percentage points compared to the previous year [3][4]. Strategic Partnerships - On September 12, 2018, the company signed a procurement agreement with LG Chem for 19 winding machines, marking a significant recognition from a leading global battery manufacturer [4]. - The delivery of the equipment to LG Chem's Nanjing factory is scheduled for no later than February 1, 2019, with acceptance testing by March 25, 2019 [4]. Product Development and Innovation - The company launched the MAX brand of winding equipment at the CIBF exhibition, featuring advanced capabilities such as ultra-precision control and high-speed operation, setting a new industry benchmark [4]. - The winding machine under the MAX brand is designed to be the smallest globally, with notable technical advantages in tension control and dust removal systems [4]. Profitability Improvement Factors - The increase in profitability is attributed to continuous product strength enhancement and successful market expansion, driven by significant R&D investment and technological innovation [4][5]. - The company's complete line delivery model has added value, with successful implementation of over 20 lines, leading to improved gross profit margins [4][5]. - Since 2017, the company has established a comprehensive value chain management system, enhancing internal operational efficiency through detailed cost accounting and management [5].