Hanwei Technology: actively layout flexible sensing business

VE3008 KJ2005X1-MQ1 Hanwei Technology is a leading domestic gas sensor leading enterprise and intelligent instrument provider. The company was founded in 1998 and chose to enter the sensor track, in 2003 has become a full series of sensors, revenue of nearly 10 million high-tech enterprises. In order to further expand revenue, the company in the expansion of sensor technology varieties at the same time to increase the field of instrumentation, after years of development laid a domestic gas sensor leading position, instrumentation products have reached the international advanced level. In 2009, the company became the first batch of domestic GEM listed companies, that is, the first listed company in the domestic gas sensor industry. Into the era of group development, to become the leader of Internet of Things solutions. In 2011, the company initially formed a business development strategy with sensor as the core, intelligent instrumentation as the pillar, and system solution-oriented Internet of Things, and started the construction of the Internet of Things technology industrial park in the same year. While strengthening self-owned research and development, the company has continuously acquired a number of Internet of Things technology related enterprises such as data acquisition, software, GIS, and gradually launched a series of Internet of Things solutions. In 2017, the company changed its name, entered the era of group development, and maintained a certain pace of external mergers and acquisitions. In 2018, the company VE3008 KJ2005X1-MQ1 released Xiangyun Internet of Things platform, and now has a series of mature Internet of Things solutions, becoming one of the industry leaders.

VE3008 KJ2005X1-MQ1

The company’s main products include sensor products, instrumentation products and integrated solutions for the Internet of Things. 1) Sensor products: After years of development, the company now has gas, pressure, flow, temperature, humidity, photoelectric, acceleration and other 17 series, a total of more than 300 varieties of sensors, the downstream field covers industry, medical, automotive, environmental protection, and break through foreign technology and product monopoly, master the core technology of thick film, film, MEMS, ceramics, etc. Independent research and development of gas, vibration, flexible sensor has reached the forefront of the domestic level, foreign mainstream semiconductor, catalytic combustion, electrochemical, infrared optics, optical ionization (PID) class and other five series of sensors have achieved the whole industry chain self-control, performance is basically equivalent to foreign countries. 2) Instrument products: Relying on the core technology of sensors, the company has developed a variety of intelligent instrument products, including gas detector, alarm controller, VE3008 KJ2005X1-MQ1 portable detector, home detector and alcohol detector, etc., which are widely used in industrial safety, municipal monitoring, environmental monitoring, gas safety, smart home and health and other fields, achieving a leap from the domestic leader to the international advanced. And has a wide customer base. 3) Internet of Things integrated solution: The company’s Xiangyun Internet of Things platform provides equipment access, application management, equipment management, data mining and other comprehensive platform services for the Internet of Things industry application customers, and has a series of mature iot solutions such as urban lifeline monitoring and warning platform, smart security, smart environmental protection, smart gas, smart water, smart fire protection, home intelligence and health. Widely used in industrial safety, environmental monitoring, gas, water supply and drainage, fire, traffic, heat, hazardous chemicals supervision and management, comprehensive pipe gallery, home health and other fields.

The company’s revenues are growing rapidly. The company’s operating income grew rapidly, from 302 million yuan in 2013 to 2.395 billion yuan in 2022, with a CAGR of 25.87% during the period; The company’s net profit to the mother increased from 40 million yuan to 276 million yuan with a CAGR of 23.94%; From 2018 to 2020, affected by the economic environment and goodwill impairment caused by mergers and acquisitions, the company’s net profit to the parent experienced negative growth, but it rebounded rapidly after 2021; As of Q3 2023, the company achieved revenue/net profit of 15.41 million yuan / 115 million yuan, which showed a certain decline year-on-year, mainly due to the impact of divestiture of public utility assets.