Core Viewpoint - The home hardware industry is transitioning towards customization and intelligence, with companies like Hanhigh Group emerging as key players by leveraging high-quality hardware components as a competitive advantage [2][3]. Industry Overview - The home hardware sector is experiencing a shift from "scale expansion" to "value reconstruction," leading to intensified competition and performance pressures across the industry [3]. - The rise of smart homes is creating new growth opportunities for the home hardware industry [4]. Company Performance - Hanhigh Group's revenue is projected to grow from 1.62 billion yuan to 2.86 billion yuan from 2022 to 2024, with a compound annual growth rate (CAGR) of 32.78% [3]. - The net profit attributable to shareholders is expected to increase from 206 million yuan to 531 million yuan during the same period, with a remarkable CAGR of 60.74% [3]. - For the first half of 2025, Hanhigh anticipates revenue between 1.39 billion yuan and 1.50 billion yuan, representing a year-on-year growth of 17.04% to 26.77% [3]. Market Position - Hanhigh Group ranks among the top five in the home hardware industry and has maintained the highest sales in the domestic market for storage hardware [4]. - The company has established a leading market share in various segments, including basic hardware and kitchen and bathroom hardware [4]. Innovation and Technology - Hanhigh Group has evolved from a hardware processing factory to an internationally recognized brand through design innovation and smart manufacturing [5][6]. - The company has developed several core technologies, including multi-track basket rotation technology and PVD nano-sealing technology, enhancing its product offerings [9]. Future Prospects - Hanhigh Group is set to enhance its production capabilities and R&D through funds raised from its upcoming IPO, focusing on smart home hardware automation and information technology projects [13][17]. - The company aims to expand its market presence in Southeast Asia, Western Europe, and North America, establishing a comprehensive sales network [16]. Conclusion - Hanhigh Group's ability to adapt and innovate positions it as a strong contender in the high-end home hardware market, with potential for significant growth and international brand recognition [19].
悍高集团：新质生产力赋能传统产业转型升级样本