HAILIANG(SZ:002203) Shang Hai Zheng Quan Bao·2025-04-26 03:13Core Viewpoint - The annual report of Zhejiang Hailiang Co., Ltd. highlights the company's strong performance in 2024, with significant growth in revenue and sales volume, alongside ongoing investments in innovation and global expansion strategies. Company Overview - Zhejiang Hailiang Co., Ltd. primarily engages in the research, production, and sales of copper pipes, rods, foils, and aluminum profiles, serving various industries including air conditioning, refrigeration, and new energy vehicles [2][3] - The company operates 23 production bases globally, with a strong customer base in over 130 countries, establishing long-term relationships with numerous influential enterprises [3] Financial Performance - In 2024, the company achieved a sales volume of 1.0105 million tons of copper and copper alloy products, with a revenue of 87.387 billion yuan, marking a year-on-year increase of 15.61% [5] - The main business revenue reached 62.22 billion yuan, reflecting a growth of 26.80% compared to the previous year [5] Production Capacity and Global Expansion - The company successfully launched its first overseas copper foil production line in Indonesia, contributing to its internationalization efforts and aligning with the Belt and Road Initiative [5][6] - A new industrial park in Morocco is under construction, with a total investment of 288 million USD, aimed at producing various new energy materials [6] Innovation and R&D - Hailiang has made significant advancements in R&D, holding multiple national and provincial honors, and focusing on new materials for emerging sectors such as electric vehicles and AI data centers [4][8] - The company has filed numerous patents and achieved certifications for high-quality products, enhancing its competitive edge in the market [10][8] Digital Transformation - The company is actively pursuing digital transformation, implementing ERP and MES systems to enhance operational efficiency and integrate digital management across its production bases [11][12] - Collaborations with technology firms like Huawei aim to leverage AI for improving production processes and overall operational efficiency [11] Sustainability Initiatives - Hailiang emphasizes sustainable development, focusing on energy conservation and waste reduction, with a commitment to using recycled materials and reducing carbon emissions [15] - The company has established a comprehensive system for managing the use of recycled copper, contributing to its environmental goals [15] Future Plans - For 2025, the company plans to enhance its R&D capabilities by restructuring its innovation framework and focusing on new product development in response to market trends [16][17] - The company aims to strengthen its position in the aluminum processing market and expand its product offerings in the copper foil sector, aligning with low-carbon and internationalization strategies [18][19] Talent Development - Hailiang is committed to talent development, establishing a robust training system and fostering a culture of innovation to support its strategic goals [27][28]