Huati Technology: Expected to turn losses into profits in the first three quarters

On September 27, Huati Technology released a pre-profit announcement for the first three quarters of 2023. Huati Technology stated that it expects the company to achieve a net profit attributable to shareholders of listed companies of 50 million to 60 million yuan in the first three quarters of 2023, and a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 18.5 million to 22.2 million yuan, with net profits turning losses into profits year-on-year.

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Huati Technology stated that the main reason for the pre-profit performance was that the company actively expanded the market, developed new business, and delivered and accepted the work in the first three quarters, which drove the company's operating performance during the reporting period to increase compared with the same period last year.

During the first half of this year, Huati Technology achieved operating income of 318 million yuan, a year-on-year increase of 53.21%; it achieved a net profit attributable to shareholders of listed companies of 23.23 million yuan, turning a loss into a profit year-on-year.

According to the data, Huati Technology is a system solution provider whose main business is new scenes of smart cities and cultural lighting. The company is gradually developing into a leading enterprise of IoT urban furniture with smart street lights as the entry point. It focuses on the investment, construction and operation of smart street lights, product R&D and manufacturing, and is committed to becoming a builder of new smart cities and a comprehensive service provider for new scenarios.

Huati Technology's current main products include: smart street light products equipped with LED information release screens, high-definition cameras, emergency alarms, 5G base stations, WiFi, environmental monitoring and other equipment; various traditional lighting products used in roads, landscapes, and cultural fields; software platform products including smart street light operation management platforms, smart road IoT sensing systems, etc.

During the recent Asian Games and the previous Chengdu Universiade, Huati Technology provided smart street lighting products to ensure the safety and smooth operation of local road traffic during the events.