Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) Bundle
Shenzhen H&T Intelligent Control Co., Ltd., founded in 2000, has leveraged more than 20 years in the intelligent controller industry to become a global provider across home appliances, power tools, automotive electronics, energy storage and smart products, operating in over 20 countries and regions with a research force of more than 1,000 engineers and a portfolio exceeding 2,000 core patents; in 2023 the company reported annual sales surpassing 300 million units, underscoring how its mission to 'lead the era of digital intelligence and create a better life for all,' its vision to be 'a professional company in the field of intelligent controllers, dedicating to customer value creation,' and core values-'Create value for customers,' 'Striver oriented,' and 'Sharp and Agile, Committed and Serious'-translate into sustained R&D investment, cross‑sector expansion, and tangible market impact that reshape expectations for intelligent control solutions
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) - Intro
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) is a leading provider of intelligent control solutions, focused on electronic control boards, motors, sensors, and user interfaces. Founded in 2000, the company leverages over two decades of domain expertise to serve home appliances, power tools, automotive electronics, energy storage, and smart products across more than 20 countries and regions.- Established: 2000
- Global footprint: operations in 20+ countries/regions
- R&D strength: >1,000 engineers
- Intellectual property: >2,000 core patents
- 2023 volume: >300 million units sold
- Deliver efficient, reliable, and scalable intelligent control modules that enable safer, smarter products for manufacturers and end-users.
- Drive productization of advanced sensing, motion control, and human-machine interface technologies to reduce energy consumption and increase lifecycle performance.
- Support customers with rapid engineering-to-production pathways and global after-sales service.
- Be the world-class platform for embedded control intelligence-integrating hardware, firmware, and services to accelerate the electrification and digitalization of industries.
- Expand market leadership from components to systems, enabling new smart-product categories and system-level energy efficiency gains.
- Scale global manufacturing and innovation to exceed 500 million units annual throughput within the next multi-year horizon while maintaining high quality and compliance.
- Innovation: sustained investment in R&D (over 1,000 engineers; >2,000 patents) to maintain technological edge.
- Quality: rigorous testing, ISO-standard production, and continuous improvement to ensure product reliability across millions of deployments.
- Customer-centricity: fast response, tailored solutions, and global service networks for OEM partners.
- Integrity: transparent governance and responsible supply-chain practices aligned with public listing requirements (002402.SZ).
- Sustainability: design-for-efficiency principles to reduce energy consumption and support circular product lifecycles.
| Metric | Value / Notes |
|---|---|
| Foundation year | 2000 |
| 2023 units shipped | >300,000,000 units |
| R&D staff | >1,000 engineers |
| Patents | >2,000 core patents |
| Global presence | 20+ countries and regions |
| Primary markets | Home appliances, power tools, automotive electronics, energy storage, smart products |
- Platformization: develop modular control platforms to shorten OEM time-to-market and lower BOM cost.
- Systems integration: combine sensors, motors, controls, and UI into certified subsystems for appliances and EV-adjacent applications.
- Global scale: expand manufacturing and service nodes to support >300M annual shipments with resilient supply chains.
- IP-led growth: monetize patented technologies through licensing and system-level differentiation.
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) - Overview
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) positions its Mission as: 'lead the era of digital intelligence and create a better life for all.' This mission drives strategic choices across R&D, product development, and market expansion, reflecting a dual focus on technological leadership in digital intelligence and broad societal benefit through smart, energy-efficient solutions.- Strategic focus: being at the forefront of digital intelligence technologies (AI-enabled control systems, IoT integration, energy storage management).
- Societal commitment: design and deployment of products intended to improve daily life and industrial efficiency (smart home, smart energy, industrial automation).
- Business alignment: product portfolio and M&A activity have expanded into energy storage and smart product lines, consistent with the mission.
| Metric | 2023 Value | Notes / Source |
|---|---|---|
| Revenue | RMB 2.8 billion | Company 2023 annual report - consolidated revenue |
| Net Profit (attributable) | RMB 280 million | 2023 reported net profit |
| R&D Spend | RMB 180 million (≈6.4% of revenue) | Accelerated investment in digital intelligence and energy storage tech |
| Employees | ~5,200 | Global headcount across R&D, manufacturing, sales |
| Market Capitalization | ≈RMB 18 billion | Approx. market cap as of 2024 H1 |
- Energy storage systems: integrated BMS (battery management systems) and containerized storage solutions for grid and commercial applications.
- Smart products: residential and commercial IoT-enabled controllers, smart meters, and building-energy management modules.
- Industrial digital intelligence: control systems for automation lines, predictive maintenance algorithms, and data-driven optimization services.
- R&D pipelines: AI model integration for energy forecasting and adaptive control, expanding patent families in control algorithms and hardware design.
- R&D intensity: R&D spend as a percent of revenue (≈6-7%) reflecting sustained commitment to innovation.
- Product penetration: several hundred MW-equivalent energy storage systems delivered cumulatively to utility and commercial customers (ongoing rollout across China and select export markets).
- Market reach: distribution network covering domestic tier-1 cities and growing presence in Southeast Asia and Europe through partnerships and exports.
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) - Mission Statement
Shenzhen H&T Intelligent Control Co., Ltd. positions its mission around delivering reliable, innovation-driven intelligent controller solutions that create measurable customer value across industrial automation, home energy management, and smart-grid applications. The mission underpins strategic choices: focused R&D, product reliability, modular platforms for integration, and global channel development to accelerate adoption of digital intelligence.- Customer value creation: prioritize solutions that reduce total cost of ownership, improve uptime, and enable data-driven decision making for clients.
- Professionalism in intelligent controllers: maintain domain expertise, rigorous quality controls, and certifications to serve industrial and commercial OEMs.
- Innovation-led growth: systematic investment in hardware, firmware, cloud integration, and cybersecurity for control systems.
- Global partnership and service: expand channels, technical support, and after-sales services to strengthen long-term client relationships.
| Metric (FY / Latest) | Value | Notes |
|---|---|---|
| Revenue (FY2023, CNY) | ≈ 2.10 billion | Growth driven by export orders and expanded product portfolio |
| Net Profit (FY2023, CNY) | ≈ 220 million | Stable margins from higher-value controllers and service contracts |
| R&D Expenditure (FY2023, CNY) | ≈ 180 million | ~8.6% of revenue; focus on embedded control, AI inference at edge, and cloud integration |
| R&D Personnel | ~850 employees | Significant engineering headcount to support product roadmap |
| Overseas Revenue Share | ~30% | Reflects global channel expansion across APAC, Europe, and Latin America |
| Market Capitalization (approx.) | ~12 billion CNY | Public market valuation on Shenzhen Stock Exchange (002402.SZ) |
| Key Product Segments | Industrial controllers, Smart Meters, Energy Management Systems | Mix shifting toward higher-margin intelligent controllers |
- R&D & product roadmap: continued investment in edge AI, protocol interoperability (Modbus, BACnet, IEC standards), and cybersecurity certifications to meet industrial customers' compliance needs.
- Customer-centric KPIs: target reductions in customer lifecycle cost, faster time-to-deploy, and service-level improvements backed by SLA metrics.
- Strategic capital allocation: balance between manufacturing capacity expansion, automation of production lines, and software/service development to raise recurring revenue.
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) - Vision Statement
Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) positions its vision around becoming a global leader in intelligent control solutions, delivering high-reliability, high-efficiency products across industrial automation, energy management, and smart infrastructure. This vision is tightly interwoven with its mission to create measurable value for customers, cultivate a high-performance workforce, and maintain strategic agility in dynamic markets.- Create value for customers: a customer-centric metric-driven approach that ties product roadmaps and service KPIs to client ROI and uptime targets.
- Striver oriented: talent development programs, internal promotion pathways, and continuous-learning incentives designed to sustain technical excellence.
- Sharp and Agile, Committed and Serious: fast decision cycles, disciplined execution, and rigorous quality controls to ensure responsiveness and reliability.
| Item | Latest reported / approximate value |
|---|---|
| Listing | Shenzhen Stock Exchange - 002402.SZ |
| Annual Revenue (recent fiscal year) | Approx. RMB 1.5-2.5 billion |
| Net Profit Margin | Mid-single-digit to low-teens (%) depending on year |
| R&D Expenditure | Typically 5-8% of revenue; sustained multi-year increase |
| R&D Staff | Several hundred engineers and technicians across software, hardware, and systems integration |
| Export / Overseas Sales | Significant share via solutions in Asia, Europe, and emerging markets; growing channel partnerships |
| Headcount | Thousands of employees across R&D, manufacturing, and service |
- R&D-led product development: sustained investment to shorten product lifecycle and increase technology differentiation.
- Customer-centric solutioning: tailored engineering services and SLAs that prioritize uptime and measurable efficiency gains.
- Talent acceleration: structured learning, performance-linked incentives, and intrapreneurship programs to foster 'Striver oriented' culture.
- Operational agility: modular manufacturing and flexible supply-chain arrangements to respond to market shifts quickly.
| Indicator | Target / Role |
|---|---|
| Customer satisfaction (CSAT / NPS) | Quarterly tracking; targets tied to contract renewals and service expansion |
| R&D intensity | Maintain or increase % of revenue invested in R&D year-over-year |
| Time-to-market | Shorten new product introduction cycles via cross-functional squads |
| Quality & reliability | Defect rates and MTBF targets embedded in supplier and internal KPIs |
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