On April 20, Hangcha Group (603298) announced the first quarter report of 2022. During the reporting period, the company achieved operating income of 3.603 billion yuan, achieved a net profit attributable to the mother of 190 million yuan, the company's gross profit margin of 15.3%, an increase of 8.4 percentage points from the previous quarter, under the pressure of raw material costs, the company's quarterly profitability has improved.

The data shows that since 2022, the sales volume of the domestic forklift industry has been 155,000 units, a year-on-year growth rate of 33%, and the demand for forklift trucks has remained strong. Especially with the continuous improvement of the penetration rate of new energy, AGV, And Internet of Things/5G applications in the logistics industry, hangcha group has the advantages of intelligent manufacturing, research and development, and market layout. On the basis of the year-on-year increase of nearly 70% in the company's export products in 2021, in the first quarter of this year, the company's exports achieved a year-on-year increase of more than 60%. In terms of new energy, the company focuses on strengthening the research and development of three major categories of products, such as green energy-saving industrial vehicles, intelligent industrial vehicles and intelligent logistics system integration solutions.

Since 2022, with the rise in the price of raw materials such as steel and lithium batteries, the increase in shipping costs, exchange rate fluctuations, and market competition, the domestic forklift industry has faced greater cost pressure. Hangcha Group said that the company will reduce the pressure of rising raw material costs by appropriately preparing goods, relying on a complete and stable supply system to overcome difficulties, accelerate inventory turnover, and improve capital utilization; and reduce the adverse impact of rising costs and ensure the profitability of the company by means of open source and throttling, improving product quality, improving the comprehensive competitiveness and market share of products.

It is worth noting that the recent national release of the "accelerate the construction of a national unified large market" policy, to stabilize market demand, restore and enhance market confidence has a role in promoting, the domestic market demand for forklifts and logistics system integration products is expected to be further released. As a leading logistics equipment enterprise, the company has a more comprehensive forklift series products and logistics system integration technology advantages, and is expected to benefit from the positive impact of the policy in many aspects.