Financial Associated Press, April 21 (reporter Wang Bin) The company's current production capacity is about 350,000 units, and the monthly production capacity exceeds 30,000 units. The follow-up is mainly to increase the production capacity of electric forklifts, the current convertible bond project is in progress, the company plans to reach a production capacity of 400,000 units in 2022, of which electric vehicles account for more than half. At noon on April 21, Zhao Limin, chairman and general manager of Hangcha Group, introduced the company's production capacity planning at the performance meeting.

In response to the impact of the epidemic, Zhao Limin said that the company's production, market and logistics have been affected to a certain extent, such as the slowdown in the speed of major imports to the factory, and the stagnation of demand from customers in Shanghai. "The industry boom in 2022 is still relatively good, according to the shipment situation in the first quarter, the industry increased by 24% year-on-year, if the second quarter is the same as last year, the 3-4 quarter increased by 10% year-on-year, and the whole year will grow by 10%-15%." Zhao Limin pointed out.

At the performance meeting, many investors expressed concern about the sales progress of the company's hydrogen forklifts. Chen Saimin, secretary of the company's board of directors, responded that more than 300 hydrogen forklifts have been sold so far. The company's hydrogen forklift products have been extended to 10t, and there will be some mid-tonnage orders this year. "At the same time, strengthen cooperation with hydrogen-fired battery suppliers, hydrogen refueling stations and hydrogen forklift operators to provide customers with a full range of solutions."

In addition, Chen Saimin also introduced in detail the company's new lithium forklift products. "In April 2022, the XH series of heavy-duty high-voltage lithium electric forklifts achieved heavy loading and upgrading: the tonnage was expanded from 2-3.8t to 1.5-48t, the voltage platform was upgraded from 309V to 309-650V, and the product type was extended from counterbalanced forklift trucks to counterweight forklifts, container reachstackers, and empty container stacker trucks." It is understood that in July 2021, Hangcha Group launched a 2-3.8t XH series of heavy-pressure lithium battery special forklifts, achieving a leap from replacing internal combustion forklifts to surpassing internal combustion forklifts.

According to the annual report, in 2021, Hangcha Group achieved revenue of 14.49 billion yuan, an increase of 26.53% year-on-year; and net profit attributable to the mother was 908 million yuan, an increase of 8.42% year-on-year. For the company's gross profit margin in 2021, Chen Saimin said: "The change in gross profit margin is affected by various factors such as price, cost, exchange rate, product structure, freight and so on. The rise in the cost of major raw materials is currently the main problem facing the same industry or related industries, the company through the appropriate stocking, relying on a complete and stable supply system to overcome the difficulties, accelerate inventory turnover, improve the utilization of funds and other ways to reduce the pressure of rising raw material costs. ”

According to the annual report, in 2021, hangcha group's foreign regional revenue increased by 69.9% year-on-year to 2.963 billion yuan. In response to the demand for overseas exports in 2022, Chen Saimin responded, "In 2021, export products reached about 25% of total sales, and we strive to account for more than 30% of total sales on the basis of the increase in the base of total sales." ”

The Financial Associated Press reporter noted that on April 14, Hangcha Group said on the Shanghai E interactive platform that the export market in 2022 continued the growth trend of 2021, and the company's exports in the first quarter increased by more than 60%.

It is worth noting that in 2021, the net cash flow generated by the operating activities of Hangcha Group decreased by 98.26% year-on-year to 15.8812 million yuan, and the company's inventory increased by 48.48% year-on-year to 1.854 billion yuan in the same period.

In this regard, Zhao Limin explained to the Financial Associated Press reporter that "the company in early 2021 on the production of high price sensitivity of steel and other raw materials for a certain amount of hoarding, in order to buffer the rising cost of materials to the company's operation of the adverse factors, so the inventory in the statement increased, cash inflow decreased; inventory increase There is also a factor in the increase in the cost of shipping in 2021, due to the large year-on-year growth rate of export volume, the impact of the epidemic on shipping has led to a longer period of time in transit. Therefore, from the perspective of accounting, it will naturally affect the amount of inventory. ”

"At the end of 2021, the proportion of raw materials and inventory goods in the company's inventory was about 36% and 41% respectively, and I think we can still control this situation." Zhao Limin added.

According to the financial report, in the first quarter of 2022, Hangcha Group achieved revenue of 3.603 billion yuan, an increase of 7.5% year-on-year; achieved a net profit attributable to the mother of 190 million yuan, down 13.82% year-on-year. It should be pointed out that the net cash flow generated by the company's operating activities in the first quarter of 2022 was 225 million yuan, down 47.19% year-on-year.

According to public information, Hangcha Group is mainly engaged in the research and development, production and sales of industrial vehicles such as forklifts, storage vehicles, tractors, unmanned forklifts (AGV), aerial work vehicles, rammer machines, cleaning equipment and other complete machines and their key components, while providing intelligent logistics overall solutions and industrial vehicle aftermarket business including product parts sales, repair, leasing, remanufacturing, etc.