On the evening of April 24, Huaqin Technology released its 2023 annual report.
According to the report, in 2023, Huaqin Technology will achieve operating income of 85.338 billion yuan, a year-on-year decrease of 7.89%, net profit attributable to shareholders of listed companies of 2.707 billion yuan, a year-on-year increase of 5.59%, non-net profit of 2.163 billion yuan, a year-on-year increase of 15.77%, and gross profit margin of main business of 10.80%, an increase of 1.22 percentage points year-on-year.
Huaqin has been deeply involved in the intelligent hardware ODM industry for more than ten years, and has a leading market share in the global consumer electronics ODM field, including consumer electronics products, industrial data products, automotive electronic products, etc.
From the perspective of the revenue performance of different categories of products, the revenue of high-performance computing products was 49.086 billion yuan, a year-on-year increase of 1.96%, and the revenue of intelligent terminals was 31.272 billion yuan, a year-on-year decrease of 22.95%; The revenue of AIoT and other products was 1.623 billion yuan, a year-on-year increase of 466.53%, and the revenue of automobiles and industrial products was 817 million yuan, a year-on-year increase of 37.57%.
In terms of consumer electronics business, Huaqin said that during the reporting period, smartphone shipments remained stable, and the global ODM penetration rate is expected to continue to increase, while the notebook computer ODM business developed steadily, with a steady increase in market share, and entered the top four in the world.
According to data released by Counterpoint, in the 2023 global smartphone IDH/ODM shipment ranking, the three leading manufacturers of Huaqin, Longqi and Wingtech account for more than three-quarters of the total shipments, of which Huaqin ranks first with a share of 27.9%.
In terms of automotive electronics business, Huaqin has deployed four major product areas: intelligent cockpit, intelligent vehicle control, intelligent networking, and intelligent driving. In the intelligent cockpit sector, the mainstream cockpit platform and intelligent connected products have been laid out on the automotive-grade intelligent hardware products, and the research and development of intelligent driving products has entered a milestone stage and will be gradually introduced to mainstream OEMs in the future. Huaqin said that in the future, the company's automotive electronics business will continue to expand customers in Japan, Europe and the United States, making it the main growth point of the company's automotive electronics business.
In 2023, Huaqin has built three growth curves for data center business, automotive electronics business and software business, iteratively upgraded five major R&D centers in China, built Shanghai Beicai Global R&D Headquarters (new) and Xi'an R&D Center (new), while continuously expanding the intelligent manufacturing ecosystem centered on Nanchang and Dongguan, and strengthening the overseas intelligent manufacturing layout.
Looking ahead, Huaqin said that it will continue to promote the "2+N+3" strategic upgrade, build a hardware ecosystem for personal digital terminals represented by smartphones and digital productivity hardware for office scenarios represented by laptops, and strive to expand three new tracks of data center business, automotive electronics business and software business based on the dual-hardware ecosystem, and build a more complete intelligent hardware platform.
Huaqin also released its Q1 2024 report. According to the data, in the first quarter of 2024, Huaqin's revenue was 16.229 billion yuan, a year-on-year decrease of 3.52%, a net profit of 606 million yuan, a year-on-year increase of 2.59%, and a non-net profit of 530 million yuan, a year-on-year increase of 43.14%.