Plenty of orders on hand
The company stated that due to the impact of the COVID-19 epidemic, the implementation of overseas projects with high gross profit margins has been blocked, and the cost of delaying and confirming domestic projects has increased, resulting in a decline in the company's overall gross profit. With the recovery of the automobile industry during the reporting period, downstream customers' willingness to make capital expenditures increased. The gross profit margin of newly signed orders during the reporting period gradually returned to the normal range, and the impact on profits caused by the decline in gross profit margin will gradually be eliminated.
With the easing of the domestic epidemic, the company’s domestic business has basically returned to normal since the second quarter, with abundant orders on hand. The company actively expands customers of high-end car companies. During the reporting period, the company established cooperative relationships with BMW, Mercedes-Benz, and Tesla (Shanghai). At the same time, the company is actively expanding new energy vehicle customers. Currently, new energy vehicle orders account for about 30% of the company's orders on hand.
In the first half of the year, in order to consolidate the company’s industry leading position and sustainable business development in the field of automated welding of automobile body-in-white, the company actively adjusted the customer structure and business development direction of the high-end intelligent equipment manufacturing industry. During the reporting period, Tianjin Fu Zhen actively promotes the establishment of German subsidiaries and actively "goes out" to expand overseas market business for future business. Currently, the overseas projects that Fuzhen and River are following include Tesla America, Magna, Ford, Automated production line projects for BMW and other OEMs and auto parts suppliers.
In the first half of the year, Harbin Institute of Technology’s three expenses all dropped significantly year-on-year. This is mainly due to the company's refined management goals, improving overall operational efficiency, and continuing to promote cost reduction and efficiency improvement.
R&D expenses increased by nearly 30% year-on-year
According to the announcement, in the first half of the year, Harbin Institute of Technology adhered to technological innovation as the core and independent research and development as the forerunner, and continued to increase innovation and R&D, investing 34.6845 million yuan in R&D. , a year-on-year increase of 28.14%, accounting for 4.5% of revenue. In the first half of the year, the company had 4 new invention patents, 47 utility model patents, 1 appearance patent, and 16 new software copyrights. As of June 30, the company had 190 authorized patents, including invention 15 patents and 99 software copyrights.
In addition to adjustments in the high-end intelligent equipment manufacturing business, the company has focused more on market development of product businesses. During the reporting period, the company signed a contract to sell more than 500 robots. It will complete the shipment according to customer needs. It has cooperated with Ficoton Intelligent Technology (Qingdao) Co., Ltd., Yizumi Precision Machinery (Suzhou) Co., Ltd., Foshan Xingong Intelligent Equipment Co., Ltd. and other customers have established stable cooperative relationships, and the application fields have covered the home appliance industry, metal products, door industry, etc. More than 1,000 robots are being followed, including several automobile manufacturers. This year, it is expected to achieve a breakthrough in the application of domestic robots in the automotive industry.
In 2019, the industrial intelligent design software (AIAD V1.0) launched by the company at the Industrial Expo also completed further iterations during the reporting period, and the industrial intelligent design software (AIAD V1.2) was completed. It is packaged and put into verification and use in the actual automotive welding line fixture design work.
In addition to the application of "AI+ROBOT" in the industrial field, the company is also actively exploring the application of "AI+ROBOT" in the medical device field. In the second half of 2018, the company's central research institute started the design of blood collection robots and R&D. The blood collection robot is an image-assisted puncture product and belongs to the third category of medical devices (interventional category). It collects blood through veins and is mainly used for blood routine, biochemical and other blood tests. During the reporting period, Academia Sinica successfully completed the design and development of fully automatic blood collection robots and desktop blood collection robot prototypes using medical image processing, microcontrol technology, multi-modal sensing technology and AI algorithms. The company stated that in the future, a series of medical robot product lines will be derived from this platform, such as anesthesia and analgesia robots and tumor ablation robots, which will be applied in different clinical scenarios.