【私募调研记录】明河投资调研汉钟精机

Group 1 - The core viewpoint of the news is that Minghe Investment has conducted research on a listed company, Hanzhong Precision Machinery, revealing a decline in revenue and net profit for 2024 and Q1 2025 [1] - Hanzhong Precision Machinery's projected revenue for 2024 is 3.674 billion yuan, a year-on-year decrease of 4.62%, with a net profit of 863 million yuan, down 0.28% [1] - For Q1 2025, the company expects revenue of 606 million yuan, a decline of 19.09%, and a net profit of 118 million yuan, down 19.58% [1] Group 2 - Hanzhong Precision Machinery's main business includes compressors and vacuum pumps, covering refrigeration, air compression, and vacuum products [1] - The refrigeration products are widely used in commercial buildings, food cold chains, and heat pump heating, while air compression products have applications in engineering machinery, pharmaceuticals, chemicals, and electronics [1] - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and chemicals [1] Group 3 - The company anticipates a revenue of 3.301 billion yuan and a net profit of 692 million yuan for the year 2025 [1]