Hwaway Technology(SZ:001380) Quan Jing Wang·2025-07-15 10:25Core Viewpoint - Huawai Technology (001380.SZ) is expected to see significant growth in its performance for the first half of 2025, with net profit projected to be between 115 million to 135 million yuan, representing a year-on-year increase of 41.46% to 66.06% [1] Group 1: Company Performance - The company anticipates a net profit of 111.5 million to 131.5 million yuan after excluding non-recurring gains, reflecting a year-on-year growth of 47.69% to 74.18% [1] - The growth is attributed to optimized production cycles for suspension system components and ongoing capacity expansion projects [1] - Continuous efforts in cost reduction, efficiency enhancement, and automation upgrades have improved resource utilization and management efficiency [1] Group 2: Market Position and Strategy - Huawai Technology ranks among the top three in China's spring manufacturing industry and has established a strong brand image with stable partnerships with well-known domestic and international automotive brands [1] - The market share of the company's suspension springs has reached over 27% in 2024, with sales increasing annually due to gradual capacity enhancements [2] - The company is expanding its product applications into various sectors, including rail transportation, industrial robotics, construction machinery, electrical energy, and agricultural machinery [2] Group 3: Global Expansion and Future Outlook - 2024 marks a critical year for the company's global strategy, with plans to establish a research and overseas market center in Germany and production bases in Mexico and Morocco by 2025 [2] - The company aims to support domestic automotive brands in their international expansion while also focusing on developing smart suspension systems and advanced manufacturing processes [3] - The demand for elastic components is expected to grow across multiple industries, including automotive, aerospace, and industrial machinery, driven by technological advancements and market expansion [3] Group 4: Non-Automotive Business Growth - The industrial robotics sector is showing increased demand, and the company is expanding its non-automotive spring business, particularly in high-end applications [4] - Collaborations with companies like ABB are expected to enhance the company's position in the industrial robotics market [4] - The upcoming IPO project for robotics and engineering machinery springs is projected to significantly increase the revenue share from non-automotive business segments [4]