HGTECH’s chairman and high executive hold nearly 300,000 new shares, highlighting the confidence of developing

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Key Words: High executive; increase in shares; good development

On the night of May 17th, HGTECH released a message that chairman Ma Xinqiang, president Min Dayong and other high executive bought stocks from the secondary market with their own money, which was amount to 295,200 shares. Beside this time, the chairman and president promised to buy HGTECH’s stocks every year since 2017 with 30% of their performance-valued salary.

The increase in shares showed the high executive’s confidence in the good situation and future trend of HGTECH’s development and recognition for HGTECH’s inner values.

As a high-end manufacturing enterprise with laser technology as its core and intelligent interconnection as its link, HGTECH uses the advantage of Huazhong University of Science and Technology and Union Hospital, strongly access the medical equipment and health service industry, and has started the construction of proton diagnosing hospital in the Dongxihu district of Wuhan since strengthening the industrial layout of intelligent manufacturing and internet of things last year. HGTECH bases the core business on its rich industrial experience, innovates with its downstream core customers and domestic and foreign well-known research institutes, and increases the additional values of products, and has a great potential for application in the new energy vehicles, consumer electronics, equipment manufacturing and other fields. The number of big customer continues to grow substantially in the fields of intelligent laser equipment business, sensor business and optical communication device business. In the first quarter of this year, the sales of HGTECH’s precise laser manufacturing equipment grow by 111.43% year-on-year, the line of intelligent laser welding product with white body increased by 112% year-on-year, the sensor business grow by 48.3% year-on-year and its net profit grow by 122.3%, and the high-speed module of optical communication whose main customer is overseas increased by 55.4% year-on-year .

The industrial 4.0 era has come, the transformation and upgrading of domestic industries has hugely stimulated the market’s potential, HGTECH seized this opportunity, innovates with its downstream industries and promotes its products’ intelligence and quality to the great extent, its future profitability will become bigger and bigger in no doubt.