Securities Star News, on November 11, 2024, Huaxing Yuanchuang (688001) announced that the company would accept institutional research on November 8, 2024, Yao Kang of Industrial Securities Co., Ltd., Wu Yunyang of Huaan Fund Management Co., Ltd., Chen Zhihua of Hangzhou Nuoze Private Equity Fund Management Co., Ltd., Lu Yinan of Shanghai Tiansheng Investment Management Co., Ltd., Zhao Xiangmei of Beijing Fangyuan Jinding Investment Management Co., Ltd., Sheng Li of Shanghai Yaoda Enterprise Management Consulting Co., Ltd., Huatai Securities Co., Ltd. Wang Longyu, Feng Hao, Shen Tianchi, Li Fan participated.

The details are as follows:

Q: What are the company's main development directions and customers in the future?

Answer: In the future, the company will focus on its main business, actively pay attention to the business layout and collaborative development opportunities in high-tech and strong innovation fields such as new micro-displays, semiconductor advanced packaging and storage testing, and new energy automotive electronics represented by Micro-OLED/Micro-LED, adhere to independent controllability and technological innovation, increase scientific and technological research, and lay out and develop new quality productivity. At the same time, the company will continue to deepen in-depth cooperation with strategic customers such as pple, Tesla, Meta, etc., and lead the company to a new stage of development.

Q: What is the development of Huaxing Yuanchuang's products and business in the field of integrated circuits?

Answer: At present, the company's semiconductor testing business is mainly concentrated in the field of back-end testing, and the company actively pays attention to the market opportunities of domestic substitution of SOC testing machines and GPU board testing. At present, the DP128 digital board applied by the main model T7600 has reached 128 channels, and the maximum speed rate has reached 400MHZ, and the next generation product DP256 digital board has completed engineering verification. UHC24 high-current boards that can be used for GPU-related testing are under active development.

Q: What is the company's business layout in the field of flat panel display testing?

Answer: The testing equipment and supporting products developed by the company for OLED flat panel displays have been recognized by internationally renowned companies, and have realized the coverage of LCD and OLED detection of mainstream flat panel displays. In addition, the Mura compensation technology of flexible OLED developed by the company has helped the largest flat panel display manufacturer in China to successfully achieve mass production and introduction, and the Mura compensation equipment of flexible OLED continues to maintain a leading position in the cumulative installed capacity in China. In terms of new display technology testing business, the company currently has technical reserves and continues to invest in research and development on the three technical routes of MiniLED, Micro-LED and Micro-OLED, Micro-LED series test equipment has been supplied to end customers for trial verification, and Micro-OLED series test equipment is actively cooperating with a number of end customers for product testing and new product development.

Q: Can you introduce the layout and progress of the company's new energy vehicle testing business?

Answer: The company has not only developed on-board computer testing machines, body controller test platforms and various electronic product module programming and communication test related equipment for the head customers of new energy vehicles, but also actively deployed in the field of DS sensors, and developed production and testing related equipment for lidar, high-voltage relays, acceleration sensors, camera modules and navigation modules. In addition, the company provided the first PMU process production line for well-known domestic customers, achieving a business breakthrough; In the field of power batteries, it has provided high-value BMS test production lines for well-known domestic customers; In terms of overseas markets, we have joined hands with overseas leading customers to achieve comprehensive and in-depth cooperation in the fields of thermal management, on-board chips, high-voltage modules and ICT testing.

Q: How competitive is the domestic market? Is the company considering overseas markets?

Answer: In the current field of flat panel display detection, wearable smart device testing and integrated circuit testing, international companies rely on advanced technology to occupy a leading position in market competition. In contrast, domestic enterprises are facing fierce market challenges due to their relatively weak technical foundation. Our customers are mainly world-renowned manufacturers, and we have long been in the competition with international competitors, and we have won market share with technological innovation and brand strength. With the vigorous development of China's intelligent equipment manufacturing industry, it has attracted many new competitors to join, and it is expected that the competition in the domestic market will become more and more fierce. In order to meet this challenge, we will continue to increase R&D investment, actively recruit industry elites, consolidate the company's comprehensive advantages in technology, R&D, brand and product layout, and enhance design and R&D, production and market expansion capabilities to gain an advantage in market competition.

In addition, we are actively expanding our global strategic layout, and have set up subsidiaries in many countries and regions, including the United States, Singapore, Japan, South Korea, Vietnam and Thailand, to undertake multiple functions such as R&D, production and market expansion. The comprehensive international layout provides a strong guarantee for the company to face the increasingly fierce market competition.

Huaxing Yuanchuang (688001) main business: the company is the industry's leading provider of industrial automation test equipment and whole line system solutions. Based on the core technology of multidisciplinary integration in electronics, optics, acoustics, radio frequency, AOI, mechanical automation, etc., we provide customers with automatic test equipment for chips, SIPs, modules, systems, complete machines and other process nodes and whole lines.

Huaxing Yuanchuang's third quarter report for 2024 shows that the company's main revenue was 1.276 billion yuan, a year-on-year decrease of 4.57%; net profit attributable to the parent company -51.1286 million yuan, a year-on-year decrease of 126.79%; deducted non-net profit of -80.2287 million yuan, a year-on-year decrease of 146.23%; In the third quarter of 2024, the company's single-quarter main revenue was 439 million yuan, a year-on-year decrease of 2.8%; The net profit attributable to the parent company in a single quarter was -82.2371 million yuan, a year-on-year decrease of 236.18%; Non-net profit deducted in a single quarter was -84.7642 million yuan, a year-on-year decrease of 241.51%; The debt ratio was 31.38%, the investment income was -1.5039 million yuan, the financial expenses were 21.0869 million yuan, and the gross profit margin was 47.98%.

Margin data shows that the stock has a net financing inflow of 9,944,900 in the past three months, with an increase in the financing balance, and a net outflow of 1,938,600 with a decrease in the balance of securities borrowing and lending.

The above content is compiled by Securities Star based on public information, generated by intelligent algorithms, and does not constitute investment advice.