Core Viewpoint - The company, Hongyuan Co., has established a strong position in the electromagnetic wire sector, focusing on high-voltage and large-capacity transformer products, while also expanding into the new energy vehicle market to create new growth points [1][2][4]. Company Overview - Hongyuan Co. has been deeply engaged in the ultra-high voltage transmission and transformation sector for decades, achieving significant results in the electromagnetic wire niche market [2][3]. - The company has developed various electromagnetic wire products that meet the technical requirements and market demands for high-voltage and large-capacity transformers [2][3]. Competitive Advantages - The company benefits from a robust industrial foundation in Shenyang, which has a mature supply chain and strong technological accumulation [3]. - Hongyuan Co. has a comprehensive product range that covers all major domestic ultra-high voltage equipment manufacturers and has a presence in overseas markets such as the Middle East, North America, and Southeast Asia [3][4]. Innovation and Development - The company has made significant advancements in electromagnetic wire products for ultra/high voltage applications, participating in leading projects like the Changji-Guquan ±1100kV ultra-high voltage direct current transmission project [4][5]. - Hongyuan Co. emphasizes a systematic approach to innovation, focusing on high-tech and high-value-added product development, and has established a research and development center to tackle cutting-edge technologies [5][6]. Market Trends and Future Plans - The global demand for electricity is increasing, driving the growth of the electromagnetic wire industry, and the company aims to optimize its product structure to enhance market competitiveness [4][6]. - Following its IPO on the Beijing Stock Exchange, Hongyuan Co. plans to leverage capital market resources to strengthen its core business and expand its industrial chain layout, particularly in the new energy vehicle sector [7][8]. New Energy Vehicle Sector - The company is actively expanding into the new energy vehicle market, focusing on the production of special electromagnetic wires for high-efficiency electric motors, which are critical for the performance and quality of electric vehicles [7][8]. - The IPO funding will support the establishment of a production base for special electromagnetic wires for 800V electric motors, enhancing the company's product portfolio and creating a dual business model of ultra-high voltage transmission and new energy vehicles [8][9].
宏远股份董事长杨绪清： 深耕电磁线核心赛道 打造电力设备行业标杆