Brief Introduction

Autel develops and sells automotive intelligent diagnosis, inspection and data analysis products and solutions since 2004 and is one of the world leaders in automotive intelligent diagnosis system, tire pressure monitoring system (TPMS), advanced driver assistance system (ADAS) calibration system and related cloud business in automotive aftermarket.

Diagnosis system product category includes handheld and tablet-based products and performs comprehensive integrated functions such as communicating the automobile electronic control systems and dynamic live data to read fault codes, conducting component action tests, displaying sensor waveforms, and controlling computer coding or firmware. Autel's comprehensive automotive diagnostic system supports the diagnostics of a multitude of different auto brands and year models, and has established competitive advantages in the coverage of vehicles, integration of functions, accuracy of diagnosis and user friendless.

TPMS system includes diagnostic tools for tire monitoring system and TPMS sensors for replacement. TPMS diagnostic tools specialize in tire pressure system inspection, tire pressure sensor activation, learning and programming. TPMS sensors are universal products which can be programmed wirelessly by Autel TPMS tools to work with different vehicle models.

ADAS is the system developed to automate, adapt, and enhance vehicle systems for safety and better driving and is becoming a standard requirement on today's new vehicles. Autel's ADAS calibration system provides the original complete diagnostic functionality, comprehensive and precise calibration services for vehicles with ADAS functions such as adaptive cruise control, lane departure warning, forwarding collision warning, autonomous emergency braking, and is an ideal calibration tool for collision repair, glass replacement and repair shops.

Cloud business represents diagnostic software updates with expanded coverage for the latest vehicle makes and models, and subscription services for repair information and shop management system. With the digitization in auto aftermarket, Autel is working to provide professional technician and repair shop one stop solution including diagnostics services, repair assistance information as well as purchasing facilitation services.

With the rise of new technologies and sustainability policies, the automotive industry is changing dramatically with autonomous driving and electrification. As an innovator in auto industry, Autel has been spending a significant portion of revenue in R&D to take advantage of the unprecedented changes with regard to the far reaching effects the new trends will have on the industry.

Company Overview

Full name Autel Intelligent Technology Corp.,Ltd.
Abbreviations Autel
Code 688208
Founded 2004-09-28
Listing 2020-02-13
Domicile Shenzhen
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.98 0.82 0.84
R&D expenditure as a % of operating revenue 17.99% 15.10% 14.58%
Operating Revenue 1,577,775,103.90 1,195,799,594.97 900,254,635.71
Net Income 433,059,747.13 326,977,567.67 335,781,546.83

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,577.78 1,195.80 900.25
Operating Costs 563.20 450.11 352.18
Operating Income 481.38 341.30 300.36
Pretax Income 454.46 341.95 323.09
Income Tax 21.40 14.97 -12.69
Net Income 433.06 326.98 335.78

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,632.35 1,085.06 983.52
Non-current Assets-Total 542.66 422.13 344.13
Total Assets 3,175.01 1,507.19 1,327.65
Current Liabilities-Total 577.18 180.42 183.18
Non-current Liabilities-Total 64.82 161.59 110.04
Total Liabilities 642.01 342.02 293.21
Stockholder's Equity
Share Capital 1,622.69 495.97 492.17
Retained Profits 910.31 669.20 542.27
Total Owners' Equity 2,533.00 1,165.17 1,034.44

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 569.99 229.14 197.89
Net Cash Flows-Investing -971.11 -136.82 -52.49
Net Cash Flows-Financing 911.41 -200.04 -20.08

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Li Hongjing 169.75 37.72%
河南达合企业管理合伙企业(有限合伙) 40.27 8.95%
Li Hong 28.13 6.25%
Shenzhen Nanshan Hongtai Equity Investment Fund Partnership(Limited Partnership) 17.64 3.92%
Pingyang Titanium Investment Management Center(Limited Partnership) 15.46 3.44%
Shenzhen Fortune Chuangfeng Equity Investment Enterprise(L.P.) 11.15 2.48%
Pingtan Lava New Strategic Equity Investment Partnership(L.P.) 10.44 2.32%
Jundu Derui Equity Investment Management Center of Ningbo Meishan Free Trade Port(L.P.) 8.23 1.83%
Zhejiang Haining Jiahui Investment Partnership(L.P.) 7.92 1.76%
深圳市道合通泰信息咨询企业(有限合伙) 7.35 1.63%
As of 2021-03-31

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