Himile Science And Technology(SZ:002595) Jin Rong Jie·2025-04-10 11:45Core Viewpoint - Haomai Technology (002595) is set to launch its high-end casting project with a capacity of 65,000 tons by May or June 2025, focusing on components for wind power, machine tools, and gas turbines, amidst a recovering market demand for wind power components in 2024 and a stable demand for gas turbine components [1][2][6]. Group 1: Project and Production - The high-end casting project primarily focuses on wind power components, with machine tool components mainly for in-house use, and is expected to gradually release production capacity starting in May or June 2025 [2]. - The company’s electric heating vulcanization machine shows significant advantages in energy saving and improving production environments, with expectations of doubling its overall business output value by 2025 [7]. Group 2: Market Demand and Revenue - The market demand for wind power components is expected to recover in 2024 compared to the second half of 2023, while the demand for gas turbine components has been consistently positive in recent years [6]. - The revenue from the tire mold business is projected to reach 4.651 billion yuan in 2024, reflecting a year-on-year growth of 22.73%, with domestic sales growth outpacing exports [8]. Group 3: Business Operations and Clientele - Haomai Technology has established subsidiaries in various countries, including the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, creating a comprehensive global production service system [8]. - The company has a diverse range of machine tool products, including direct drive turntables and vertical five-axis machining centers, which are applied across multiple industries such as precision molds, automotive, and electronic information [8][9]. Group 4: Innovation and Corporate Strategy - The company promotes an innovation culture that encourages improvement and tolerates failure, aiming to continuously innovate across research, technology, processes, and production [12]. - There are currently no plans for mergers or asset injections, and the company emphasizes optimizing investor return mechanisms based on operational performance and shareholder demands [11][12].