Another national “specialized and new” small giant enterprise came. On February 28, Hongying intelligent landed on the main board of Shenzhen Stock Exchange. Hongying intelligent is a provider of intelligent electrical control system products and solutions for mobile machinery and special vehicles. Its main business includes the R & D, production and sales of intelligent electronic control products and intelligent electronic control assemblies.
All kinds of intelligent electronic control products and intelligent electronic control assemblies provided by it form an intelligent electrical control system to provide intelligent control one-stop solutions for all kinds of mobile machinery and special vehicles, and supply them to Sany Heavy Industry Co.Ltd(600031) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Weichai Lovol Zhongke, Sunward Intelligent Equipment Co.Ltd(002097) , Aerospace Hi-Tech Holding Group Co.Ltd(000901) , aerospace science and industry and other manufacturers.
For future development, Zhang Huahong, chairman and general manager of Hongying intelligent, said in response to investors’ questions on February 16 that the company will focus on raising investment projects in the next three years. On the one hand, it will increase investment in the research and development of a new generation of electronic control equipment and carry out the research and industrialization of a series of electrical control system products; On the other hand, develop cloud platforms to support the needs of a new generation of unmanned and intelligent. At the same time, the company plans to continue to invest sufficient R & D funds in the next three years to carry out forward-looking technology pre research and maintain the degree of technological innovation.
downstream customers are stable for a long time
Hongying intelligent’s business mainly includes intelligent electronic control products and intelligent electronic control assemblies. Its downstream application fields mainly include engineering machinery, agricultural machinery, fire vehicles, national defense science and industry, special vehicles, petroleum equipment, mining machinery and other fields. It focuses on providing intelligent electrical control products for mobile machinery and special vehicles, and has a stable customer base. Various types of products are supplied in batches in many Chinese large mobile machinery and special vehicle manufacturers, such as Sany group, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Weichai Lovol heavy industry, Sunward Intelligent Equipment Co.Ltd(002097) , Aerospace Hi-Tech Holding Group Co.Ltd(000901) , aerospace science and industry, etc.
We should know that mobile machinery and special vehicles are usually used in complex use scenarios such as high cold, high humidity, low temperature, high temperature, strong vibration and strong impact. Customers have high requirements for product stability and refinement. Therefore, the electrical control industry of mobile machinery and special vehicles has high requirements in many technical fields, such as equipment reliability and environmental adaptability technology, intelligent perception and control technology, embedded platform and system software technology, informatization and remote control technology.
Hongying intelligent has been deeply engaged in the industry for 16 years. It has done a lot of testing and Research on various application environments, formed a set of scientific management system, and established enterprise standards and specifications for all links of design, testing and production. Its products have achieved a high technical level in terms of reliability and environmental adaptability. It is widely used in various complex working environments. The product has stable performance and reliable quality. Through innovative research and development, the company’s products have the characteristics of intelligence, integration, modularization, miniaturization and high reliability, which are highly recognized by industry users.
The development of construction machinery control system is difficult and long-term. Once the system is mature, it is required to supply goods stably for a long time. Hongying intelligent brand has established a good reputation in China mobile machinery and special vehicle control system market.
downstream market is stable and application scenarios continue to expand
Not only the customer base is stable, but also the downstream market of Hongying intelligent is relatively stable. It is reported that mobile machinery and special vehicles are widely used in engineering construction, logistics and transportation, municipal services and other markets in urban and rural construction, railway and highway, port and wharf, farmland and water conservancy, electric power, metallurgy, mining and other scenes, with large market scale and sustainable growth potential. With the development trend of intelligent and information technology of mobile machinery and special vehicles, the demand for electrical control products of mobile machinery and special vehicles is increasing, and the industry has a stable market demand foundation.
It is worth mentioning that with the development and progress of intelligent electrical control technology, the application scenarios of intelligent electrical control products for mobile machinery and special vehicles are also expanding.
It is understood that at present, intelligent electrical control products have been gradually applied to engineering machinery such as truck cranes, crawler cranes, tower cranes, excavators, loaders, rotary drilling rigs, road machinery and high-altitude operation machinery, as well as mining machinery, port machinery, agricultural machinery, petroleum machinery, fire-fighting vehicles, environmental sanitation vehicles and other fields. It is expected that the continuous expansion of application fields in the future will further contribute to the stable development and scale growth of the industry.
technology fast iteration
The intelligent electronic control industry of mobile machinery and special vehicles needs long-term technology research and development and accumulation, and has certain technical barriers. At the same time, various types and models of products in the field of mobile machinery and special vehicles have the characteristics of great differences in function, structure and size. The electrical control systems of various products are generally proprietary, and the relevant products have high adaptability to the products of vehicle manufacturers and high requirements for rapid iteration.
Therefore, electrical control enterprises with independent core technology and rapid response ability and able to provide multi category comprehensive solutions have gradually become the first choice for downstream customers. As an upstream supplier of vehicle manufacturing enterprises, Hongying intelligent not only has rich successful project experience, but also has a full understanding of customer needs, and can realize rapid customization development and response.
As of December 31, 2021, Hongying intelligent has obtained 130 patents, 61 computer software copyrights have been authorized, and has independent intellectual property rights in key technologies. Since its establishment, the company has focused on the technical route of full integration of technology and application. Through foreign cooperation and independent innovation, the company has launched a series of products and solutions, which have been widely recognized by industry customers. It has rich experience in the control system of various mobile machinery and special vehicles.
In addition, Hongying intelligent sensing products, display and control products, control products, signal transmission products and information management platform are independently developed, which can provide customers with a one-stop full set of solutions. The company has the ability to integrate resources, provide customers with platform design schemes, help customers establish standardized control systems, improve the efficiency of customers in developing new products and reduce comprehensive management costs.
Hongying intelligent is also a high-tech enterprise and a director of Shanghai Intelligent Manufacturing Association. According to the prospectus, it was rated as Shanghai Science and technology little giant (cultivation) enterprise, Shanghai “specialized and special new” small and medium-sized enterprise, Shanghai Jiading District Technology Center, Shanghai Jiading District patent work demonstration enterprise, and China Construction Machinery Industry Association as China’s top 100 brands of construction machinery parts. Moreover, in August 2021, the company was selected into the publicity list of national specialized and special new “little giant” enterprises (the first year of the second batch) issued by the Ministry of Finance and the Ministry of industry and information technology, and its innovative R & D ability was further recognized by the society.
electric and intelligent trend
It is worth mentioning that with the development and progress of modern society, the concept of green environmental protection has become more popular. Pollution-free green construction has become a consensus. Governments at all levels have increasingly strict requirements and supervision on environmental protection, and users pay more and more attention to the energy consumption indicators of machinery and vehicles.
With the gradual improvement of the development of the electric industry chain, the advantages of pure electric machinery and vehicles, such as zero emission, low noise and high energy efficiency, are in sharp contrast with traditional fuel machinery.
In this context, the trend of electrification of mobile machinery and special vehicles has been irresistible. At the same time, electrification and intellectualization can promote each other’s development. The popularization of electrification will further improve the intellectualization of mobile machinery and special vehicle control. The comprehensive solution of electrification and intellectualization will become an important direction for the development of mobile machinery and special vehicle automatic control industry.
In addition, benefiting from the rapid development of China’s urbanization, infrastructure construction and new infrastructure, the scale of its downstream market has continued to grow in recent years. At the same time, with the continuous improvement of industrial automation control theory and practice and the continuous upgrading of construction machinery products, the electrical control demand of construction machinery industry has also increased rapidly, The intellectualization of electrical control of construction machinery has gradually formed a general trend.
In recent years, the market demand structure of construction machinery industry has gradually changed from incremental market to stock market, and the upgrading demand and incremental market coexist. The proportion of upgrading in market demand has gradually increased. The market demand has gradually changed from the pursuit of only cost performance to the comprehensive demand for the performance, quality, reliability, intelligence and informatization of construction machinery, from the demand for a single general-purpose model to a diversified model with multi-function and high applicability.
In this context, the construction machinery industry pays more attention to the research and application of electrical control technology, computer technology and communication technology in the intelligent operation, monitoring, detection, safety protection, remote maintenance and operation management of construction machinery, which speeds up the development pace of electrical control and intelligence of construction machinery.
