Analysis of Hangke Technology's customer structure

The main customers of Hangke Technology include SK of South Korea, Samsung of South Korea, LG of South Korea, Murata of Japan, EVE Energy, BYD, Guoxuan High-tech, Xinwanda, Envision Power, Tianjin Lishen, etc. In 2023, the proportion of the top five customers will drop to 62.13%. In 2023, Hangke Technology achieved revenue of 3.932 billion yuan, a year-on-year increase of 13.82%, and net profit (excluding non-recurring items) of 791 million yuan, a year-on-year increase of 67.14%. The net cash flow generated by operating activities was 215 million yuan. Hangke Technology has performed strongly in overseas markets. It currently has subsidiaries in Hong Kong, South Korea, Japan, Malaysia, the United States, Poland, Hungary, Germany and other countries or regions, and has production bases in South Korea and Japan. In 2023, the company's overseas revenue accounted for 19.7%, and the gross profit margin rose to 50.5%.