HANDLER(300201)2024-11-27 02:48Company Overview - Helen Zhe was established in 2005 and became the first listed company in the aerial work vehicle industry in 2011 [2] - The company acquired Shanghai Grumman International Fire Equipment Co., Ltd. in 2012, entering the military and fire truck sectors [2] Main Business - The company primarily produces aerial work vehicles, emergency power supply vehicles, emergency drainage vehicles, fire trucks, and military special vehicles [4] - Helen Zhe leads the industry in lightweight, high-altitude, intelligent, and insulated non-power-off operations, holding significant market share in the mid-to-high-end market [4] - The company has received multiple awards, including 2 National Science and Technology Progress Awards and 1 China Patent Excellence Award [4] Financial Performance - In the first three quarters of 2024, the company achieved revenue of 1 billion CNY, a year-on-year decrease of 6.75% [6] - The net profit attributable to shareholders was 133 million CNY, an increase of 15.65% year-on-year, marking the highest quarterly performance in recent years [6] - As of October 30, 2024, the total new contract orders amounted to approximately 1.52 billion CNY, a year-on-year increase of about 100% [6] Strategic Planning (2023-2025) - The company aims to achieve a net profit growth rate of 175%, 285%, and 439% for 2023, 2024, and 2025, respectively, compared to 2022 [6] - The strategic focus includes expanding both domestic and international markets, particularly in special vehicles and military equipment manufacturing [6] Key Products and Innovations - The company showcased a 64-meter high-altitude aerial work vehicle, the most complex and highest product in China, at the Shanghai Auto Show [8] - A high-altitude tethered drone fire truck was developed to address high-rise building fire challenges, capable of spraying foam fire extinguishing agents up to 155.1 meters [8] Emergency Market Development - The company has made significant breakthroughs in the emergency market, with new contract orders for emergency drainage vehicles totaling approximately 244 million CNY as of October 30, 2024 [13] - The emergency drainage vehicles have been recognized in the Ministry of Industry and Information Technology's "2024 Safety Emergency Equipment Application Promotion Typical Cases" [13] Aftermarket Services - The company has a market share of over 17,000 units in high-altitude vehicle products, with new service contracts signed amounting to 92.26 million CNY, a year-on-year increase of 116% [15] - Plans to expand maintenance stations and increase technical personnel are in place to capture market share [15] International Business - The company has signed new international contracts worth approximately 15 million CNY this year, focusing on Southeast Asia, Russia, and Central Asia [15] - A significant order of 10 vehicles was placed by Malaysian customers during the Shanghai Auto Show [15]