On August 30, Huagong Technology announced the first half of the financial report. In the first half of 2018, when the international political and economic situation was complicated and the global trade friction escalated, Huagong Technology's revenue growth rate reached a record high, up 35% from the same period of last year. It achieved a good result of total revenue of 2.742 billion yuan and also obtained 1.18. The net profit of 100 million yuan increased by 2.55% year-on-year. In the period of increasingly fierce domestic competition and the turbulent international market, Huagong Technology can still ensure stable growth of its performance, which is inseparable from its relatively complete industrial layout. Today, I will take everyone from the semi-annual report to explore the reasons for the continued steady growth of Chinese workers.
In the past five years, the overall gross profit margin of Huagong Technology has been maintained at around 25%, and the net interest rate is around 7%, which is not prominent in the industry. In 2018, when market pressures increased, the profit margin declined slightly.
The main industrial layout of Huagong is centered on three areas of green laser pointer processing equipment, electronic components (including optical communication devices and sensor devices), laser holographic anti-counterfeiting and materials. Among them, the share of electronic components was over half, reaching 57.07%; followed by laser processing equipment, accounting for 35.45% of total revenue; laser holographic anti-counterfeiting accounted for 5.01%; in addition, computer software and information system business also contributed 0.63%.
Compared with the same period of last year, the three main businesses have increased by more than 30%. The laser holographic anti-counterfeiting products have the highest growth rate, and the gross profit margin has reached the highest 66.58% of all businesses. The gross profit margin of electronic components with the largest proportion is only 12.57%.
In terms of market layout, the domestic market has always been the main business entity of Huagong Technology, providing stable support for the performance of Huagong. Although the overseas market has maintained a certain growth in recent years, the expansion efforts have yet to be strengthened.
In the first half of this year, Huagong Technology's R&D investment has decreased. However, it has achieved many achievements in the first half of the year. It has applied for 103 patents, including 27 inventions and 101 patents, including 18 inventions, and several new products have been introduced to the market.
In the field of laser precision micro-nano processing, it has broken through the ultra-small flat-top focal spot module technology, Low-K wafer slotting technology, multi-focus focal spot technology, sensor wafer concealing and other technologies; the establishment of Huarui ultrafast fiber laser The company is accelerating the research and development process of optical fiber ultrafast lasers; the ultra-fast laser core seed source with complete independent intellectual property rights realizes internal batch supply, femtosecond seed source products are exported; femtosecond infrared laser, laser brazing welding head, high power laser melting The welding head and three-dimensional five-axis cutting head are all facing the market.
In terms of 5G, around the 5G pre-transmission, intermediate transmission and backhaul network construction needs, we will focus on 25G, 50G, 100G, 200G high-rate optical module products to provide a complete solution; Digitalcom has achieved volume supply and is developing more High-end 400G products, perfect mid-to-high-end product chain. In the field of holographic anti-counterfeiting, two strategic products, holographic positioning transfer paper and holographic water transfer printing paper, have been introduced to the market, and the first large-scale micro-encryption technology has been developed. The new anti-counterfeiting effects such as cat's eye lens, crystal relief and platinum relief have brought considerable market. space.