Recently, Huichuan Technology released the record of investor relations activities, and the company accepted 230 institutions on December 8, 2023, and the types of institutions were QFII, insurance companies, others, fund companies, overseas institutions, securities companies, and Sunshine private equity institutions.

Relevant data show that Huichuan Technology was established in 2003, specializing in industrial automation and new energy related products research and development, production and sales, in addition to master the vector frequency conversion, servo system, programmable logic controller, encoder, permanent magnet synchronous motor and other products of the core technology, We have also mastered the application technology of new energy vehicles, elevators, lifting, injection molding machines, textiles, metal products, printing and packaging, air compressors and other industries. The company now has three core sectors of “automation + elevator + new energy vehicles”, and continues to make efforts in two major areas of “industrial robots and rail transportation”.

In the survey, Huichuan Technology said that although the market share of the company’s servo and inverter products has been leading in the Chinese market, but in the overall market, there is still enough room for growth, and the driving force to further increase the share is mainly from: (1) The continuous improvement of the competitiveness of the company’s products and solutions, so that it can match more high-speed and high-precision application scenarios; ② The competitiveness and share of domestic brands continue to improve. Under the overall localization dividend, Huichuan, as a leading domestic brand enterprise, is still benefiting; (3) The market share of the company in the discrete market and the project market is relatively low, and in recent years, it has continuously strengthened the expansion of these two markets; ④ Overseas market is the focus of the company’s development direction. With the gradual landing of the offshore strategy, it will gradually drive the company’s product share in the global market.

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Huichuan technology’s small PLC, medium-sized PLC and intelligent controller products are still relatively rich, and they have grown rapidly in recent years, especially medium-sized PLC and intelligent controller. In terms of large PLC, Huichuan Technology says it is being laid out. At present, the company mainly provides inverter in the process industry such as metallurgy, and will focus on the overall solution of the process industry after the launch of large-scale PLC in the future.

Control products are the strategic products that Huichuan Technology has focused on in recent years. In the past two years, thanks to the opportunity of foreign brands out of stock and the rapid landing of the company’s “should be made up” market strategy, the company’s PLC products have achieved high growth.

For PLC products, Huichuan Technology will continue to improve the competitiveness of products in the following aspects: ① Supplement large PLC products, and continue to improve the performance and reliability of products, in order to narrow the gap with mainstream foreign brands. ② Build ecology: The company actively builds a PLC-based ecology through university cooperation, client engineer training, system integrator training, etc., in order to improve the company’s PLC recognition in the client. ③ Continuous accumulation of technology: the company’s most distinctive advantage is to truly understand the customer’s process, so that customer programming becomes easier. PLC products are difficult to replace, but after replacement, it is easy to produce viscosity, and can drive the sales of other products. At present, the company is also continuing to build the ability of PLC to easily connect with various product lines, and strengthen the competitiveness of multi-product strong coupling.