On April 11, HGTECH released its 2024 performance report. In that year, the company achieved operating income of 11.709 billion yuan, a year-on-year increase of 13.57%, and net profit attributable to the parent company of 1.221 billion yuan, a year-on-year increase of 21.17%.
Among them, the operating income of the intelligent manufacturing business was 3.492 billion yuan, a year-on-year increase of 9.45%. In terms of industry focus, orders from five major industries such as new energy vehicles and ships accounted for 87%, among which orders from the new energy vehicle industry increased by 33% year-on-year. The shipbuilding industry has achieved batch application in leading shipbuilding companies with innovative products such as the world's first intelligent equipment for inkjet marking and ultra-large-format laser composite milling and welding production lines, and orders increased by 134% year-on-year.
International business continued to make breakthroughs. The fully automatic aluminum alloy battery tray production lines were exported to the EU in batches. High-end products such as three-dimensional five-axis laser equipment, multi-head laser blanking automated production lines, and tire mold laser cleaning intelligent equipment achieved significant growth in overseas markets, driving the total export volume to increase by 34% year-on-year.
During the reporting period, the company's connection business revenue was 3.975 billion yuan, a year-on-year increase of 23.75%. The revenue growth was mainly in the AIGC application field. The company seized the opportunity of market demand and delivered 400G and 800G optical modules on a large scale, further expanding the customer map and delivery share; delivered 400G silicon photonic modules as the first echelon in the world; successfully launched 800G OSFP 2*FR4 TRO, 800G LPO silicon photonics, 800G AEC active cables, 1.6T-200G/λ silicon photonics and many other cutting-edge products in the industry. In the 5G-A business field, the industry took the lead in releasing 50G SFP56 series gray light and color light modules and achieved batch delivery, and the optical modules for 4G/5G base station applications continued to maintain the industry's leading share; the customer-side 10G/100G/400G/800G transmission optical modules were fully covered, and the 800G ZR/ZR+Pro coherent optical modules were mass-produced, and samples were sent to key customer groups. In the F5G-A business field, 25G PON OLT and ONU products have been delivered in batches, and breakthroughs have been made in key optoelectronic technologies of 50G PON OLT products, with technical indicators reaching the industry-leading level.