Ying Hantong's annual report for 2023 released a few days ago shows that Ying Hantong's overseas market expansion is strong in 2023, overseas revenue continues to grow, and overseas markets achieve nearly 1% of business revenue.Ultimatetexasholdempayouts80 million yuan, an increase of 26.49% over the same period last year, accounting for 36.20% of revenue.
As a high-tech enterprise specializing in the research, development and application of industrial Internet of things (IoT) technology, Ying Hantong provides customers with industrial Internet of things (M2M) products and "cloud + end" solutions in the field of the Internet of things (IoT). Since 2013, it has persisted in expanding overseas markets with its own brand and continuously promoting the implementation of globalization strategy. After years of continuous technological innovation and deep ploughing in overseas markets, we have successfully introduced a variety of products and programs to the international market, and initially realized the diversification and internationalization of overseas business with a global brand image.
According to Ying Hantong, the enterprise network and the vehicle and transportation business line are the two major emerging businesses launched by the company in recent years, with strong overseas market expansion performance, rapid growth in product revenue, and large-scale sales.
At present, the company has released a number of in-car gateway products suitable for different customer needs, which not only support global applications, but also successfully implement projects in Europe, North America, Latin America and the Asia-Pacific region. Especially in Europe, due to the development of public transport system and the promotion of intelligent transportation system, the market demand is particularly significant, and batch shipments have been realized. The expansion of the company's enterprise branch network business in the United States is relatively smooth. At present, the company has established a good partnership with some well-known local mobile operators. Enterprise branch cloud management network solution products have been successfully applied to world-famous chain brands.
According to the Investor Relations activity record Table disclosed by Ying Hantong, in 2023, the business income of Yinghantong on-board gateway products has reached 20 million yuan, the business income of the enterprise branch network business has reached 40 million yuan, and the reserves of overseas projects are sufficient. With the deepening implementation of Ying Hantong's global layout, the two emerging businesses, namely, corporate network, vehicle and transportation, are expected to open up new markets overseas, and overseas orders are expected to continue to grow rapidly, contributing to better-than-expected performance.
Intelligent Distribution Network condition Monitoring system (IWOS) is the company's star product, which has solved the industry problem of "single-phase ground fault detection and location of small current grounding system", which has plagued the power system for many years.
Recently, Ying Hantong said at the 2023 performance and cash dividend presentation that "the distribution network condition monitoring system products are very suitable for the construction and transformation of overseas distribution networks, there are few similar products overseas, and the company's IWOS products have a great competitive advantage overseas. At present, the company is actively deploying resources to help IWOS products go out to sea." With the company's active overseas layout, IWOS products are expected to achieve new breakthroughs overseas and create new performance growth points for the company.
With its profound accumulation in the research and development and application of the Internet of things technology, Ying Hantong has successfully created a complete set of intelligent sales solutions, with the characteristics of easy to use, smooth system, complete payment methods and so on. covers a full range of services from hardware to software. At present, the company has reached a cooperative relationship with well-known intelligent vending machine manufacturers and brand operators in the markets such as Nongfu Spring, Wa, Pepsi and Coca-Cola, and has achieved a leading position in the market.
With the continuous maturity of AI technology, especially the development of computer vision and deep learning technology, AI door cabinet as a new intelligent retail solution, its market space is gradually expanding. The company's AI intelligent door cabinet adopts advanced edge visual recognition technology to realize the convenient shopping experience of "open the door and buy, close the door and leave, and deduct money automatically". This kind of intelligent selling cabinet has the advantages of small area, low cost, and can store a variety of goods, providing consumers with more choices. It is actively expanding overseas markets with its innovative intelligent sales control system products.
Recently, Ying Hantong said in an investor research exchange that the company began to actively expand the overseas market in the field of smart sales. The company will participate in the largest vending machine exhibition in the United States in May, and display the latest AI smart door cabinets at the exhibition, when the products will be officially introduced to the American market, and it is expected that a project will be gradually launched in 2025.
In recent years, Yinghantong is committed to building a global sales system. At present, the company has basically established four regional sales systems in China, America, Europe and Asia-Pacific, as well as domestic and foreign e-commerce platforms. Sales, technical support personnel and warehousing and inventory capacity has covered all continents, offline regional teams focus on major customers, online and channel partners serve small customers around the world. At the same time, the company actively carries out the construction of channel partners and introduces talents with marketing experience at home and abroad to help the company achieve its strategic goal of globalization. Ying Hantong 2023 annual report shows that the company has developed hundreds of channel partners worldwide, the category distribution rate has increased significantly, and the sales volume of TOP agents has increased steadily. The fortress of global sales system has laid a solid foundation for the steady improvement of Ying Hantong's performance.
Ying Hantong 2023 annual report shows that the company's Thai factories and self-operated Canadian factories already have production capacity and can achieve batch supply in 2024. At that time, the diversified supply chain capacity of Jiaxing's main production base, Thailand production base and Canadian production base can ensure the production capacity supply of the company's products in domestic and foreign markets and support the company's global sales system.
(article sourceUltimatetexasholdempayoutsChina Securities News, China Securities Network)