Hotway Technology specializes in the manufacture of electric heating elements, components and systems, and offers complete design and manufacturing services.
Extended Information:
Hangzhou Heatwell Automotive Parts Co. Ltd. is a large manufacturing enterprise engaged in the research and development, design, production and sales of various types of electric heating elements, components and heating systems for home appliances, automotive, industrial, medical industry, Panasonic, Samsung, Haier, Electrolux, Mercedes-Benz, BMW and other preferred partners.
The company's headquarters is located in the beautiful scenery of the Qiantang River - Hangzhou Binjiang Science and Technology Industrial Park, now in Hangzhou, Jiangshan, Anji, Thailand, established five production bases, with more than 3,500 employees, with an annual output of all kinds of electric heating elements more than 100 million pieces. Heatwell Automotive Parts Co., Ltd. provides automotive thermal management product solutions for the automotive industry.
Currently, the company's main business scope is general projects: automotive parts and accessories manufacturing; import and export of goods; import and export of technology; technical services, technology development, technology consulting, technology exchanges, technology transfer, technology promotion; automotive parts research and development; R & D of emerging energy technology; transportation equipment and production counting instrumentation manufacturing;
new energy vehicle electric accessories sales; intelligent Vehicle-mounted equipment manufacturing; electronic components and electromechanical components and equipment sales (in addition to projects subject to approval in accordance with the law, with a business license to carry out business activities in accordance with the law).
Heatway Electric Heating is an enterprise specializing in the research and development, production and sales of electric heating elements and components. Prospectus shows that Heatwell Electric Heat 2020, 2021, 2022 revenue of 1.456 billion yuan, 1.8 billion yuan, 1.687 billion yuan; net profit of 132 million yuan, 241 million yuan, 241 million yuan; net profit after deduction of 177 million yuan, 206 million yuan, 240 million yuan, respectively.
Heatway Electric Heating's revenue for the first quarter of 2023 was NT$375 million, down 0.75% from NT$377 million in the same period of the previous year; net profit was NT$41.198 million, an increase of 17% from NT$35.226 million in the same period of the previous year; and after deductions, net profit was NT$41.88 million, an increase of 10.81% from NT$37.79 million in the same period of the previous year.
Heat Wei electric heat is expected to 2023 first-half revenue of 830 million to 880 million, compared with the same period last year, an increase of 2.55% to 8.72%; attributable to the owners of the parent company's net profit of 110 million to 120 million, an increase of 7.49% to 17.26%; deduction of non-net profit of 110 million to 120 million, an increase of 8.48% to 18.34%.