Jinhao Medical Receives 2 institutions research, company production capacity planning, etc.

On July 22, 2022, Jinhao Medical (872925.BJ) issued an announcement on the investigation of investors in the reception institution.

The announcement shows that Huizhou Jinhao Medical Technology Co., Ltd. (hereinafter referred to as "Company") received two investigations from two institutions on July 21, 2022, namely Shanghai Shenyin Wanguo Securities Research Institute Co., Ltd. and Shanghai Xinjiang Investment Management Co., Ltd..

The main issues of the survey and the company's reply are as follows:

Question 1. What is the overall operation of the company in the second quarter?

Answer: In the second quarter, the company continued last year's operating strategy, mainly to adjust the product structure, on the one hand, reducing the atomizer products with lower gross margin, and continued to increase the sales proportion of digital hearing aids, especially to increase high -end high -end Sales of digital hearing aids.

The overall operating conditions are good, and the RMB exchange rate has depreciated to a certain degree since this year, and the price of raw materials has fallen at a high level. These factors are conducive to the development of export business. The details are subject to the semi -annual report disclosed by the company.

Question 2: What are the main sales channels at home and abroad?

Answer: The company mainly sells through e -commerce channels in China, mainly based on Jinhao's own brand. In addition, the company has also tried to open up the offline market this year. Two direct camps have been opened so far.

Foreign sales channels and customers mainly include Shang Chao, chain pharmacies, independent sales websites and e -commerce platforms. Among them, there are also company's self -operated Amazon online stores.

Question 3: Is the company's independent development of chips applied to the product? What is the gap between the imported chip? Is the use of independent chips helping to improve the company's gross profit?

Answer: The company's independent research and development of hearing aid chips has received the first batch of mass -produced nude in March this year.

Compared with the imported chip, the company's independent chip products have advantages and disadvantages to each other, and they are insufficient in algorithm precipitation, but they have obvious advantages in power consumption, volume and cost. The use of independent chips can significantly reduce costs, which has a positive effect on improving the company's comprehensive gross profit.

Question 4: What are the new research directions of the current hearing aid industry?

Answer: According to the development of the current hearing aid market, the cutting -edge research directions mainly include AI technology, remote distribution, and intelligent wearable technology in hearing aids. However, many technologies still stay in the R & D stage or concept machine. Apply to mass production products.

Question 5: What is the difference between hearing aid and TWS headset?

Answer: The hearing aid is obviously different from the TWS headset in terms of function and kernel. The TWS headset mainly realizes the wireless transmission of mobile phones or other smart terminal sounds, while hearing aids are transformed into digital signals after the original sounds such as the outside of the human voice are collected. And understand the sound.

Question 6: Is the future development direction of the company's product?

Answer: The OTC market is the foundation of the company's survival and development, but the company will also increase the investment and development of the offline specialty store market.

Question 7: Domestic hearing aids are developing late. What is the current gap between the product technology of foreign head brands?

Answer: Compared with foreign companies, domestic hearing aid companies are mainly reflected in chips and algorithms. Although the company also started to develop chips and algorithms independently, compared with the "five" listening groups abroad, it took a certain amount of precipitation and catching up.

The "five" hearing aid brands have been established for a long time, richer algorithms, and more fine sound processing. To catch up with foreign technology, the company's chips and algorithms need to be large -scale application and iterate quickly.

Question 8: How does the company plan the offline market?

Answer: On the one hand, the company's development of the offline market is to use the cost advantage of the company's large -scale manufacturing, and on the other hand, through strict quality, it provides high -quality products and services. By opening a self -operated store, brand and image dissemination, and gradually establishing product and service standards.

Question 9: What is the unit price of the company exported to the US market?

Answer: There are many models of the company's export products, and there are great differences in prices. With the continuous optimization of the product structure, the overall factory price is increasing year by year.

Question 10: What is the progress of the construction of fundraising projects? How does the company's production capacity plan?

Answer: The construction of the main project of the company's fundraising project has been capped, and it has begun to enter the park planning and internal decoration stage. It is expected that it can be put into use at the end of the first quarter of the first quarter next year.

The company now helps the hearing capacity of about 1.8 million units, which basically reached a saturated state. Therefore, the company has continuously optimized the product structure, and the proportion of high -end digital hearing aids has continued to increase. After the investment project is put into use, it can gradually alleviate the production pressure brought by sales growth.

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