Zhitong Financial APP learned that on August 12, China Test Navigation (300627.SZ) said in an institutional survey.In the first half of the year, the company has made good progress in passenger car self-driving business, and the company has been designated as the designated supplier of self-driving position unit business for Nezha Automobile, Geely Lutes, BYD Automobile, Great Wall Motor and so on.In the first half of the year, the company's R & D investment accounted for 17.25% of business income, which still maintained a high level; in the first half of the year, the company obtained the qualification certificate of geodetic surveying and mapping A, and formally provided CORS services to industry users. Huashan one network is mainly used in surveying and mapping intelligent equipment, agricultural machinery self-driving and other fields, and will gradually expand to geological hazard monitoring, water conservancy monitoring, various outdoor robots and other fields in the future; in the long run,Overseas market business will maintain stable and rapid growth and become one of the company's important growth points.
The company has been designated as the designated supplier of self-driving location unit business, such as Nezha Automobile, Geely Lutes, BYD Automobile, Great Wall Motor and so on.
Huashan Navigation said that in the first half of the year, the epidemic had an impact on the company's performance to a certain extent. The company worked hard to overcome difficulties and responded actively, achieving an operating income of 928.5558 million yuan, an increase of 8.72% over the same period last year, and a net profit of 134.8378 million yuan belonging to shareholders of listed companies, an increase of 23.15% over the same period last year. Net profit attributable to shareholders of listed companies after deducting non-recurrent profits and losses was 93.5416 million yuan, an increase of 16.66% over the same period last year.
With regard to the cooperation and future plans between the company's passenger car self-driving business and car companies, Huashi Navigation said that the company made good progress in passenger car self-driving business in the first half of 2022. Up to now, the company has been designated as the designated supplier of self-driving location unit business for Nezha Automobile, Geely Lutes, BYD Automobile, Great Wall Motor and so on. After the mass production of the project model, the annual income will be confirmed according to the actual order of the year, which is expected to have a positive impact on the company's business performance.
The company has been setting up automatic vehicle specification production line and calibration test line to ensure the mass production and shipment of passenger car integrated navigation products; the company has passed the IATF16949 vehicle specification standard certification, which can provide end-to-end high-precision positioning solutions for vehicle companies and self-driving solutions that meet the requirements of ASIL-B. The company has rich experience in supply chain management, which can realize intelligent and flexible management from production process management, material management, quality control, supplier management, logistics and other integration.
The proportion of R & D investment in operating income in the first half of the year was 17.25%.
In terms of R & D investment, in the first half of 2022, the company's R & D investment accounted for 17.25% of operating income, still maintaining a high level. The company's main R & D strategy investment includes high-precision satellite navigation basic devices such as chip / board / module, high-precision spatial 3D data acquisition equipment, wide area enhanced service network construction (SWAS system) compatible with Beidou 3, etc., constantly deepening the company's core technology moat, laying the foundation for the company's rapid development.
With regard to the company's performance expectations for the second half of the year, Huashi Navigation said that in the first half of this year, the control of COVID-19 epidemic in Shanghai and across the country had varying degrees of impact on the company's market expansion, research and development, production, delivery, etc., and the company worked hard to overcome difficulties and actively responded to it, achieving steady growth. From the perspective of the market situation in the second quarter of 2022, the overall situation is improving, but there are still many uncertainties in the external environment. The company will operate more cautiously and steadily and strive to achieve the 2022 performance target.
The stable and rapid growth of overseas market business will become one of the important growth points of the company.
With regard to the development plan of "Huatai Yizhang", Huashi Navigation revealed that Huatai Yizhang belongs to the company's global satellite-earth integrated enhanced network service platform, and the mobile terminal can achieve real-time centimeter-level and millimeter-level positioning. In the first half of 2022, the company obtained the qualification certificate of geodetic surveying and mapping A, and formally provided CORS services to industry users. At present, Huashan network is mainly used in surveying and mapping intelligent equipment, agricultural machinery self-driving and other fields, in the future will gradually expand to geological disaster monitoring, water conservancy monitoring, all kinds of outdoor robots and other fields. The company will continue to invest in the global integration of satellite and earth to enhance the infrastructure construction of network services and core algorithm polishing to build the company's basic platform.
In terms of overseas market expansion and future planning in the first half of 2022, Huashan Navigation said that the company's performance in overseas markets grew well in the first half of 2022, with operating revenue of 190.3229 million yuan, an increase of 33.26% over the same period last year. In recent years, with the advantage of cost-effective products, RTK products have been successfully promoted in the global market. At the same time, with the help of the company's global sales network, other products such as agricultural machinery autopilot, unmanned ship, three-dimensional lidar and so on have also shown a good growth trend. In the long run, overseas market business will maintain stable and rapid growth and become one of the company's important growth points.