**Star News, on December 21, 2023, Highpower Technology (001283) announced that the company will conduct a roadshow on December 21, 2023.
The details are as follows:
Q: Investors' main excerpts (for all the answers, please refer to the online roadshow hall of the convertible bond issuance of Highpower Technology on Panorama):
Answer: An excerpt of the main questions from investors (for all the questions, please refer to the online roadshow hall of the convertible bond issuance of Panorama Highpower Technology).
Q: What are the characteristics of the company in terms of global market expansion compared to other competitors?Are there any plans to further expand market share?Thank you!
A: Hello!The company began export business in 2003, as of the latest statement, the company's export revenue accounted for about seventy percent, the customer base to the world's top 500 and the head brand of the subdivided industry, at the same time, the company continues to increase the development of the target market, the introduction of more new international customers, in order to further enhance the market share and revenue scale, thank you!
Q: What is the specific content of the service agreement signed between the company and overseas sales service providers?Can the company's cooperation with these sales and service providers provide effective support for the company's rapid expansion of overseas markets?Thank you!
A: Hello!The company's overseas market sales revenue accounts for a relatively high proportion of overseas customer development and provide timely and convenient local services, the company provides customers with diversified solutions through a variety of ways, including cooperation with experienced overseas sales service providers, in order to improve development efficiency and customer satisfaction, thank you!
Q: 3 What are the competitive advantages of the company?
A: Hello!The company's competitive advantages mainly include: 1) customer resource advantages, the company focuses on serving the world's top 500 companies and the top ten brands in various sub-industries, and has established long-term and stable cooperative relations. 2) Comprehensive service advantages: The company can provide customers with flexible and reliable one-stop power solutions. 3) Technological innovation and R&D talent advantagesThe company adheres to the road of combining independent R&D and cooperative R&D, and has achieved fruitful R&D results in the field of lithium-ion batteries and nickel-metal hydride batteries. 4) Manufacturing advantagesThe company continues to increase investment in process optimization and equipment manufacturing, continuously improves the level of professional manufacturing and advanced manufacturing, continues to build core manufacturing capabilities, and provides customers with satisfactory product manufacturing. 5) Advantages of the management team: The professional, skilled, stable and honest management team is an important guarantee for the company to maintain its competitive advantage and sustainable development. Thank you!
Q: What are the advantages of the company in terms of technological innovation and R&D talents?
A: Hello, from 2020 to 2022 and the first three quarters of 2023, the company's R&D expenses were 14,819160,000 yuan, 18,062430,000 yuan, 21,499$570,000 and $24,160320,000 yuan, accounting for the proportion of operating income respectively. 13% and 804%。The company's R&D expenses have increased year by year, mainly because the company fully recognizes the importance of technology R&D and innovation to the company's performance growth and long-term development. In recent years, with the enhancement of the company's strength, the company has continuously increased investment in technology research and development in new products and new fields to ensure technological leadership. Thank you!
Q: What competitiveness does the company think is the main basis for increasing market share?
Answer: Hello, the improvement of market share depends on the competition of the company's comprehensive strength. The needs of international brand customers always put safety and quality first, and high-quality manufacturers with comprehensive competitiveness will have more room for development. On the one hand, the company will continue to promote product technology innovation according to market demand and trend changes in a timely manner, increase investment in theoretical research, product innovation, process optimization, etc., continuously improve product quality, and better serve brand customers with high-quality products. On the other hand, from the structure to the material end, it continues to iterate according to customer needs, constantly widens the gap with other competitors in the same industry, and maintains a competitive advantage in the market. Thank you!
Q: 6 Does the issuance of convertible bonds have any impact on the company's operation and management and financial condition?
Answer: Hello, this fundraising project is in line with the national industrial policy and the company's overall business development strategy, and has good market prospects. It is conducive to the company to further expand the scale of its main business, optimize the product structure, enhance the company's profitability, consolidate and expand its market share, and further enhance the company's influence and market value. The company will further improve its management capabilities, continuously improve its management level, and actively adapt to the management needs brought about by the expansion of production capacity to ensure that the company's production and operation remain stable and efficient.
The issuance will help expand the company's asset scale and business scale, and expand its capital strength. In the short term, the company's asset-liability ratio has increased, but compared with the higher interest cost of bank loans, the relatively low interest rate level of convertible bonds can reduce the expenditure of financial expenses to a certain extent. At the same time, with the gradual conversion of convertible bonds into equity and the gradual realization of economic benefits after the project is put into operation, the company's net assets will gradually expand and the asset-liability ratio will gradually decrease. Since it takes a certain amount of time for new projects to generate benefits, financial indicators such as earnings per share and weighted average return on equity may decline to a certain extent in the short term. However, with the completion of relevant fundraising projects and the realization of benefits, the company's development strategy will be effectively implemented, and the company's future profitability and operating performance will be improved. Thank you!Q: 7 What is the company's current business development arrangement and future development strategy?
Answer: Hello, the company will continue to deepen the lithium-ion battery and nickel-metal hydride battery industry, continue to maintain R&D investment, improve product safety, energy density and rate and other performance, meet the needs of downstream brand customers for power supply performance for terminal product upgrades, and make technical research and development reserves for future business developmentThe company focuses on global well-known brand customers with battery use needs and new customers with the potential to lead the development of the industry, and takes the strategic key customer needs as the traction, quickly responds to customer needs and provides high-quality solutions and services;Talent planning is carried out according to the business strategy, through the introduction of external experts, strengthening internal training, the formation of a high-level expert and management talent team, and through the establishment of a competitive salary incentive mechanism, stimulate the potential of employees, and continue to improve organizational capabilities.
The company will take this issuance as an opportunity to adhere to the company's overall development strategy and accelerate the construction of investment projects with raised funds. Adopting advanced digital and intelligent management system and excellent manufacturing management concept, we strive to create an industry-leading platform. Subsequently, with the completion and gradual production of the fundraising project, it will further enhance the company's ability to serve customers, provide fundamental support for the company's continuous expansion of revenue scale, consolidate the company's market position, and maintain the company's competitive advantage in related industries. In terms of future development strategy, the company determines the direction of future strategic opportunities through prudent analysis of the macro environment, market trends, target customers, competitors, its own positioning and core competencies based on the characteristics of actual operation, starting from gap analysis and market insight, and updates the future strategic development plan every year, so as to continue to provide high-quality, clean, safe and high-energy power solutions and services for global brands. Thank you!Q: Tell us about the market outlook for laptops and smartphones.
A: Hello, according to Trendforce and IDC data, the global laptop shipments in 2022 are about 18.6 billion units, with about 120.6 billion units, with a certain year-on-year decline. With the easing of the economic recession, the full liberalization to stimulate consumption, and the growth of emerging market demand, IDC, Counterpoint, Canalys and other research institutions all expect various industries to gradually boost the market from 2023. Trendforce ** Global notebook shipments will grow quarter-over-quarter starting Q1 2023, with quarterly revenue growth expected to be approximately 178%。Smartphones are driven by growing penetration in emerging markets, as well as new technologies such as 5G and foldable screens, with IDC ** growing smartphone CAGR of 26%, breaking through 13 in 2027700 million units. Thank you!
Q: Hello, I am very interested in the company's convertible bonds, can you introduce the issuance schedule of this convertible bonds?I would like to participate in the subscription.
A: Hello, December 21, 2023 (T-1 day), online roadshow, the registration date for the preferential allotment of shares by original shareholders.
On December 22, 2023 (T day), an indicative announcement of the issuance will be published;The original shareholders have a preferential allotment subscription date;Online and offline subscription dates. On December 25, 2023 (T 1), the announcement of the online allotment rate and its preferential allotment results will be publishedConduct an online lottery for subscription. On December 26, 2023 (T 2), the online announcement of the winning result will be publishedThe date of online successful payment. On December 27, 2023 (T 3), the lead underwriter will determine the final placement result and underwriting amount based on the receipt of funds. On December 28, 2023 (t 4), the announcement of the issuance results will be published;Unfreeze the online subscription funds that have not been selected. Thank you!Highpower Technology (001283) main business: R&D, design, manufacturing and sales of lithium-ion batteries and nickel-metal hydride batteries.
Highpower Technology's third quarter report for 2023 shows that the company's main revenue is 300.6 billion yuan, an increase of 9 percent year-on-year66%；Net profit attributable to the parent company was 5660630,000 yuan, a year-on-year decrease of 6203%；Deduct non-net profit of 9706780,000 yuan, a year-on-year decrease of 5482%；Among them, in the third quarter of 2023, the company's single-quarter main revenue was 128.2 billion yuan, an increase of 30 percent year-on-year82%；The net profit attributable to the parent company in a single quarter was 3192390,000 yuan, a year-on-year decrease of 487%；The non-net profit deducted in a single quarter was 3951230,000 yuan, a year-on-year decrease of 6256%；The debt ratio is 6571%, investment income - 661720,000 yuan, financial expenses 81250,000 yuan, gross profit margin 2125%。
A total of 2 institutions have rated the stock in the last 90 days,** 2 ratings.
Here's the detailed profit** information:
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