Haimo Technologies Group Corp(300084) 415 announced that the company expects to achieve an operating revenue of 609610 million yuan in 2021, with a year-on-year increase of 20.8% – 21%. The growth of operating revenue benefited from the incremental demand brought by the wave of digitalization and intellectualization of oil fields around the world, and the profitability of the company’s multiphase measurement products and related services increased significantly.
According to the announcement, based on the principle of prudence, the company has made provision for impairment of goodwill, inventory and other assets. Combined with the actual business situation and the expectation of future performance, the company has made provision for impairment of goodwill of about RMB 284 million to RMB 287 million after the preliminary evaluation of subsidiaries such as Shanghai Qinghe Machinery Co., Ltd. and Xi’an Sitan Instrument Co., Ltd. by the evaluation agency. The company made up the inventory falling price reserves for some inventories, and adjusted some income and expenses accordingly according to the audit judgment of the annual audit accountant, resulting in the loss of the company’s net profit in 2021.
On April 7, the company announced that recently, the general contractor of an internationally renowned underwater oil and gas field officially issued an order for 10 sets of underwater multiphase flowmeters to the company’s holding subsidiary Heimer Xinchen Underwater Technology (Shanghai) Co., Ltd., which will be applied to the underwater production system of the South China Sea deepwater gas field development project (water depth of 1000m and design pressure of 10000psi), It is the first batch application of the company’s underwater multiphase flowmeter after it has been applied in many projects outside China. The winning of the project reflects the full recognition of the market and customers for the company’s underwater high-end equipment development ability, technical level and product maturity.
For the future development, Haimo Technologies Group Corp(300084) said that winning the bid for underwater multiphase flowmeter in batch is one of the important achievements of the company in practicing the “all in underwater” strategy and focusing on the development of underwater high-end equipment business. Its significance lies not only in the improvement of the localization rate of underwater production system, but also in the improvement of the maturity and industrialization of domestic underwater equipment technology, The company has successfully become one of the international mainstream manufacturers of underwater flowmeter. The successful bidding and smooth implementation of the project will lay a good foundation for the company to deeply enter the international market and further participate in the bidding of large-scale deepwater development projects outside China. This bid winning will enhance the company’s brand reputation and market competitiveness, and will have a positive impact on the company’s operating performance in 2022.
