Core Viewpoint - The company, Hongyuan Co., has established a strong position in the electromagnetic wire sector, focusing on high-voltage and large-capacity transformer wire products, and is committed to innovation and market expansion in both traditional and new energy sectors [1][2][3]. Group 1: 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]. - The company has developed various advanced electromagnetic wire products, including ladder-shaped combination wires and high-temperature self-adhesive wires, which meet the technical requirements of China's high-voltage transformer upgrades [2][3]. - The company benefits from a robust industrial chain in Shenyang, which enhances its cost control and supply chain efficiency [3]. Group 2: Market Position and Strategy - The company’s products are utilized globally, covering all major domestic ultra-high voltage equipment manufacturers and expanding into overseas markets in the Middle East, North America, and Southeast Asia [3]. - The global demand for electricity is increasing, driving the growth of the electromagnetic wire industry, which presents opportunities for the company to optimize its product structure and enhance market competitiveness [4]. Group 3: Innovation and R&D - Hongyuan Co. has made significant advancements in ultra/high voltage applications, participating in leading projects such as the ±1100kV ultra-high voltage direct current transmission project [4][5]. - The company emphasizes a systematic approach to innovation, focusing on high-value products and establishing a research and development center to tackle performance challenges under extreme conditions [5][6]. - As of the end of 2024, the company holds 80 patents and has contributed to the formulation of national and industry standards, reinforcing its competitive edge [6]. Group 4: Capital Market and Future Growth - In August, Hongyuan Co. became the first company from Shenyang to be listed on the Beijing Stock Exchange, marking a new phase in its development [7]. - The company plans to leverage its public listing to strengthen its core business, expand its scale, and enhance its industrial chain layout, particularly in the new energy vehicle sector [7][8]. - The company is developing a production base for special electromagnetic wires for high-efficiency electric motors in new energy vehicles, aligning with industry trends towards higher voltage and efficiency [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