Core Viewpoint - The company, Haitai Technology, is actively expanding its operations in Thailand to capitalize on the increasing investments from Chinese automotive companies and parts suppliers in the region [1] Group 1: Company Operations - Haitai Technology has established itself as an overseas production base for automotive plastic components in Thailand, forming close partnerships with well-known companies such as Yanfeng, Magna, Lear, and BYD [1] - The company reported a revenue of 44.6361 million yuan from its automotive parts business, with existing production capacity nearly fully utilized [1] Group 2: Investment and Growth - In 2024, the company plans to invest 160 million yuan of its own funds into the second phase of its operations in Thailand, which has already commenced production [1] - The new phase of the factory is expected to generate an additional annual output value of approximately 10 million yuan upon reaching full capacity [1]

Core Viewpoint - The company, Haitai Technology (301022), emphasizes its commitment to the research and application of PEEK modified materials, showcasing its advanced technical reserves and innovative solutions in high-performance polymer materials [1] Group 1: Technical Development - The company has a specialized research team focused on high-performance polymer modification materials [1] - In the first half of 2025, the company plans to intensively develop PEEK modified materials, including lightweight bionic skeletons, self-lubricating joint bearings, and high-temperature motor housings [1] - Key technical reserves include PEEK-CF50, PEEK-SL20, and PEEK-HT300, which enhance material performance through innovative additives [1] Group 2: Strategic Positioning - The company leverages its advantages in automotive injection mold development, design, and manufacturing to enhance its market competitiveness [1] - By utilizing the "molding integration solution" approach, the company actively explores new customer segments in various fields [1]

Core Points - The company has decided to exercise the early redemption option for its convertible bonds, "Haitai Convertible Bonds," due to the stock price exceeding 130% of the conversion price for at least 15 trading days [2][5] - The total amount raised from the issuance of the convertible bonds was approximately RMB 396.57 million, with a net amount of approximately RMB 391.38 million after deducting issuance costs [2][3] - The redemption price for the bonds is set at RMB 100.260 per bond, which includes accrued interest [6][8] Group 1: Convertible Bond Issuance - The company issued 3,965,716 convertible bonds with a face value of RMB 100 each on June 27, 2023, approved by the China Securities Regulatory Commission [2][3] - The bonds were listed on the Shenzhen Stock Exchange on July 17, 2023, under the code "123200" [3] Group 2: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days [4][5] - The conversion price was adjusted from RMB 26.69 to RMB 26.43 per share due to the company's profit distribution plan [3][4] Group 3: Redemption Implementation - The redemption will occur on September 30, 2025, with the redemption amount credited to bondholders' accounts on October 15, 2025 [6][8] - Bondholders must ensure that their bonds are not pledged or frozen before the conversion deadline to avoid forced redemption [1][6]

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、"海泰转债"赎回价格：100.260 元/张（债券面值加当期应计利息，当期年 利率为 1.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任 公司深圳分公司（以下简称"中国结算"）核准的价格为准。 8、发行人资金到账日（到达中国结算账户）：2025 年 10 月 13 日 9、投资者赎回款到账日：2025 年 10 月 15 日 | 证券代码：301022 | 证券简称：海泰科 | 公告编号：2025-138 | | --- | --- | --- | | 债券代码：123200 | 债券简称：海泰转债 | | 青岛海泰科模塑科技股份有限公司 关于提前赎回海泰转债的第八次提示性公告 10、赎回类别：全部赎回 11、本次赎回完成后，"海泰转债"将在深圳证券交易所（以下简称"深交所"） 摘牌。债券持有人持有的"海泰转债"如存在被质押或被冻结的，建议在停止转股 日前解除质押或冻结，以免出现因无法转股而被赎回的情形。 12、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票适 ...

Group 1 - The company Haitai Technology (SZ 301022) announced that it will accept investor research on September 1, 2025, with participation from its CFO and board secretary Liang Tingbo [1] - For the first half of 2025, the revenue composition of Haitai Technology is as follows: traditional fuel vehicles account for 75.72%, new energy vehicles account for 19.65%, other businesses account for 3.47%, and additional business activities account for 1.16% [1]

Core Viewpoint - Qingdao Haitai Technology Co., Ltd. conducted an online meeting with 20 institutions to discuss the company's operations and future prospects, highlighting its focus on automotive injection molds and plastic components [1][2]. Group 1: Company Overview - Qingdao Haitai was established in 2003 with a registered capital of 84.748746 million yuan, specializing in the research, production, sales, and service of automotive injection molds and plastic components [2]. - The company has five wholly-owned subsidiaries and operates both domestically and internationally, with production bases in Thailand and Europe [2]. Group 2: Products and Clients - The main products include automotive interior and exterior injection molds, serving well-known clients such as Yanfeng and Faurecia, and are used in various international and domestic automotive brands, including new energy vehicles [2]. Group 3: Technological Achievements - The company has developed several core technologies in injection molds, such as physical micro-foaming mold technology, and has also pioneered modified materials suitable for micro-foaming injection polypropylene [2]. Group 4: Industry Recognition - Qingdao Haitai has established a strong brand image in the industry, receiving multiple awards from major automotive companies like SAIC General Motors and FAW-Volkswagen, and has been recognized as a key enterprise in China's precision injection mold sector [2]. Group 5: Future Developments - In the first half of 2025, the company is focusing on the research and development of PEEK modified materials, enhancing performance through specific additives [2]. - The company is collaborating with a leading humanoid robot company for mold development, although this project has not yet impacted financial performance [2]. Group 6: Financial and Operational Insights - The Thai factory reported sufficient orders and a saturated capacity utilization rate, generating revenue of 44.6361 million yuan in the first half of 2025 [2]. - The second phase of investment, amounting to 160 million yuan, has been put into production, with an expected annual output value increase of approximately 100 million yuan [2]. - The company anticipates growth in automotive injection molds, plastic components, and high polymer new materials in the second half of the year, with convertible bonds expected to optimize financial structure and enhance net profit [2].

Summary of Haitec Conference Call Company Overview - **Company**: Haitec - **Industry**: Injection Molding and Modified Plastics Key Points and Arguments Financial Performance - Haitec's injection molding business revenue increased by 26.3% year-on-year, while modified plastics revenue surged by 1,350% [2][3] - Overall revenue for the first half of 2025 reached 386 million yuan, a 24.9% increase year-on-year, with net profit attributable to shareholders at 36.38 million yuan, up 383% [3] - The company reported a comprehensive gross margin of 16%, down 5 percentage points due to price declines and lower prices for electric vehicle molds compared to traditional fuel vehicle molds [2][3] Business Segments - **Injection Molding**: Revenue of 324 million yuan, up 26.3% year-on-year; expected to add at least 500 million yuan in new orders in the second half of the year [4][11] - **Modified Plastics**: Revenue of 12.43 million yuan, a 1,350% increase; expected sales for next year projected between 50 million to 100 million yuan [3][4][15] - **Plastic Parts**: Revenue slightly declined but met expectations, with a current annual output value of 80 million yuan expected to rise to 200-230 million yuan by 2026 due to ongoing investments in the Thailand factory [2][5] Market Trends - Significant growth in orders related to electric vehicles, with a 58.8% increase year-on-year, indicating strong momentum in this sector [2][3] - The company is actively exploring the humanoid robot sector, collaborating with leading robotics companies to develop PEEK components [7][8] Strategic Initiatives - Haitec plans to enhance customer stickiness through integrated molding services and aims to penetrate the high-end automotive modified materials market [4][14] - The company is investing in a new PEEK modified materials production line in Hefei, aiming to accelerate the development of PEEK injection molded parts [7][14] Financial Strategy - The strong redemption of convertible bonds is expected to improve the company's financial structure, reduce debt levels, and enhance capital efficiency [9][10] - If the conversion is completed by September 30, the company could save approximately 10 million yuan in financial expenses, positively impacting net profit for 2025 [10] Future Outlook - The company anticipates producing 700-800 sets of molds annually, with a production capacity that is currently nearly saturated [11][18] - Haitec aims to maintain its position as the third-largest player in the industry, with annual output valued at approximately 40-50 billion yuan [20][21] - The company is considering potential acquisitions to expand its modified materials business if suitable opportunities arise [19] Challenges and Considerations - The average price of electric vehicle molds is lower than that of traditional fuel vehicle molds due to shorter development cycles and higher responsiveness requirements from suppliers [6] - The company does not plan to expand production capacity in the next two to three years due to high requirements for skilled labor and the cost of production equipment [18] Additional Important Information - Haitec's downstream clients include multinational companies and high-end automotive manufacturers, indicating a strong market presence [14] - The company is focused on achieving import substitution rather than domestic substitution in the modified materials market, which may take two to three years [15][21]

Company Overview - Founded in 2003 with a registered capital of 84.748746 million yuan [4] - Focuses on R&D, design, manufacturing, sales, and project management of automotive injection molds and plastic parts [4] - Operates 5 wholly-owned subsidiaries, including locations in Thailand and Europe [4] Product and Client Base - Main products include interior and exterior injection molds for vehicles, serving major automotive brands like General Motors, Volkswagen, and BMW [5] - Collaborates with renowned automotive interior and exterior parts companies such as Yanfeng and Magna [5] R&D and Innovation - Holds a total of 105 patents as of June 2025, including 31 invention patents and 74 utility model patents [6][7] - Develops advanced injection mold technologies and modified materials, leading in domestic market [7][8] Recent Developments - In H1 2025, focused on R&D of PEEK modified materials, achieving breakthroughs in lightweight and high-temperature resistant components [10][11] - Established a production base for high polymer materials with an annual capacity of 150,000 tons, expected to be operational by January 2026 [19] Financial Performance and Outlook - In H1 2025, the Thai subsidiary generated revenue of 44.6361 million yuan, with a capacity utilization rate nearing saturation [12] - Anticipates continued growth in injection mold and polymer materials businesses, supported by increased production capacity and market demand [18] Strategic Partnerships and Market Position - Maintains strong relationships with key automotive manufacturers, enhancing market competitiveness [19] - Plans to leverage "mold-plastic integration" to meet customer demands for comprehensive solutions [19] Future Prospects - Positive impact expected from the conversion of convertible bonds on financial structure and profitability [17] - Continued focus on expanding the modified materials segment, with expected revenue growth in the coming year [19]

Group 1 - The core point of the article is that Haitai Technology announced a mandatory redemption of its convertible bonds, "Haitai Convertible Bonds," at a price of 100.260 CNY per bond, effective after the market closes on September 29, 2025 [1] - The current market price of "Haitai Convertible Bonds" is significantly different from the redemption price, which raises concerns for bondholders [1] - Investors are advised to convert their bonds within the specified period to avoid potential losses, highlighting the importance of timely action [1]

Group 1 - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price being above 130% of the conversion price for at least 15 trading days [2][5] - The company issued 3,965,716 convertible bonds at a face value of 100 RMB each, raising a total of approximately 396.57 million RMB, with a net amount of about 391.38 million RMB after deducting issuance costs [2][3] - The convertible bonds will be redeemed at a price of 100.260 RMB per bond, which includes accrued interest calculated based on a 1.00% interest rate [1][6] Group 2 - The conversion price for the bonds has been adjusted from 26.69 RMB to 26.43 RMB, and further adjustments are scheduled, with the latest being 26.06 RMB effective from June 20, 2025 [3][4] - The redemption process will involve all bondholders registered with China Securities Depository and Clearing Corporation as of September 29, 2025 [6][8] - The company has confirmed that there have been no transactions involving the convertible bonds by major shareholders and executives in the six months prior to the redemption conditions being met [8][9]