High prosperity of aerial work platform 6033 Zoje Resources Investment Co.Ltd(002021) revenue increased by 71.02% year-on-year

On March 30, Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) ( Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) ) released its annual report for 2021. The company achieved an operating revenue of 2.607 billion yuan in 2021, a year-on-year increase of 71.02%; The net profit attributable to shareholders of listed companies was 498 million yuan, a year-on-year increase of 54.31%.

The annual report shows that with the improvement of macro market prosperity, the company's equipment leasing business continues to maintain a high growth rate. During the reporting period, the business segments of the company developed rapidly, and the business scale and operating performance increased significantly. Among them, the number of aerial work platforms exceeded 47000, with a year-on-year increase of 125.12% and a rental rate of 85.67%; The two strategies of digitization and asset light continued to be promoted, the operation level of aerial work platform was fully online, the asset light mode created revenue of more than 100 million yuan, and the company's business performance reached the best level in history.

The development of aerial work platform is strong, creating a trusted terminal T-box for construction machinery

According to the data, from January to February this year, Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) achieved an operating revenue of 340 million yuan, a year-on-year increase of more than 60%, of which the revenue of aerial work platform of strategic focus business was 140 million yuan (accounting for 42% of the revenue), a year-on-year increase of 119%.

The company said that under the background of the high base last year and the increasing downward pressure on the economy this year, the company's revenue still achieved rapid growth, the rental rate increased steadily year-on-year, and the rental price was stable month on month. On the one hand, it showed that the overall demand of the aerial work platform industry was strong and the penetration rate continued to improve. On the other hand, it also showed that the company's business undertaking ability was excellent.

The company believes that the aerial work platform has rich application scenarios, covering the aerial work needs of various facilities in the fields of "infrastructure + manufacturing + real estate" and "new construction + stock", such as property maintenance and repair, equipment installation, building decoration, etc., which are less affected by the current real estate cycle fluctuation and the business risk is scattered. The industry has great potential to improve in the future. Under the trend of "replacing people with machinery" in construction and other industries, the industry is expected to continue to have a high boom. As the leader of construction machinery leasing, the company is expected to show excellent growth.

It is worth noting that in order to realize the functions of online procurement process, equipment life cycle management, business process management and financial management, that is, to realize the standardization of the whole business process, the company takes the high-altitude operation platform as the entry point and cooperates with ant technology to release the engineering machinery trusted terminal T-box enabling industry. Its core is the ant chain Maas trusted module based on blockchain technology, which is committed to realizing the track, total mileage The continuous operation time and other operation data are linked in real time, and the data source is reliable and can not be tampered with, which can better reflect whether the equipment is in good operation and maintenance.

The company pointed out that the application of trusted terminals, on the one hand, can enhance the data credibility of leasing enterprises in obtaining financing, handling equipment insurance, developing third-party asset management and other businesses, reduce the concerns of the management about the information asymmetry of the operator, and help the company develop the asset light operation mode; On the other hand, it also provides important support for the company's second-hand equipment treatment (residual value calculation) and leading the construction of industry maintenance standard system.

Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) said that by combining Internet of things technology and blockchain technology, the company will establish a trusted equipment tracking trust system with the help of the non tamperability and traceability of blockchain, introduce various funders and accelerate the landing of light assets.

Transformation of asset light mode to force underground repair and maintenance business

The annual report shows that the company reached asset light cooperation with thermolink group during the reporting period. The two sides established a joint venture subsidiary thermolink Huatie. Thermolink group provided financial support to the joint venture, and the company provided management team and business support to the joint venture. The two sides distributed profits according to the proportion of capital contribution of the joint venture. The cooperation model successfully reduces the company's dependence on capital investment and reduces the risk of depreciation of held assets while improving the scale of assets under management.

According to the company, with the help of the asset light cooperation experience of "hot Lianhua Railway", the company focuses on promoting the "sublease" asset light mode in the high-altitude operation platform section, that is, the capital party or the idle Party of the equipment is responsible for financing the purchase of the equipment, subletting it to the company at a certain price, and the company will rent it again. At present, the number of sublet equipment is nearly 5000, the asset value is more than 600 million yuan, and the cumulative operating income is more than 120 million yuan.

Meanwhile, the company disclosed that during the reporting period, in terms of underground maintenance, the application scenarios of various construction methods of the company achieved further breakthroughs, and projects have been implemented in the fields of cultural relics protection, environmental protection engineering, water conservancy and so on.

In the field of cultural relics protection, the company has established long-term cooperative relations with Zhejiang ancient architecture design and Research Institute and other units. At present, Hangzhou Deshou palace project and Yangming former residence project have been successfully implemented. In terms of environmental protection projects, Tongzhou Vice City Central chemical plant, Shandong Yulong Island chemical plant and other projects have been successfully implemented, providing typical cases for the construction of environmental protection projects in China. In terms of water conservancy projects, the company has successfully entered the field of dam maintenance and entered the Nanchang Ganjiang River side dam project, which is the first large-scale TRD water conservancy application case in China. In the follow-up, the company will continue to make in-depth exploration in the above fields.

Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) pointed out that the company's successful experience and good industry reputation are expected to boost the acquisition of more projects, such as rail transit project construction and other projects with high safety management requirements and strict engineering acceptance standards, so as to further explore the application scenarios of TRD, IMS and other construction methods.

Recently, the CSRC accepted the application materials for non-public offering of A-Shares with Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) fund-raising of 600 million yuan. If the subsequent issuance is successful, the company's financial strength is expected to be greatly enhanced, promote the continuous improvement of the number of aerial work platforms, and the transformation and upgrading of the company can be expected in the future.

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