Core Viewpoint - Hongyuan Co., Ltd. has a solid foundation in the electromagnetic wire sector, showcasing strong innovation capabilities and a promising development outlook, while focusing on the power industry and expanding into the new energy vehicle sector [1][10]. Group 1: Company Overview - Hongyuan Co., Ltd. has been deeply engaged in the ultra-high voltage transmission and transformation field for decades, achieving significant results in the electromagnetic wire niche market [3]. - The company specializes in the research and manufacturing of high-voltage, large-capacity transformer electromagnetic wire products, aligning with international standards and advanced technologies [5]. - The company’s products are marketed globally, supported by China's leading and efficient ultra-high voltage transmission network, which has established a robust industrial chain for green power transmission [5][6]. Group 2: Competitive Advantages - Hongyuan Co., Ltd. benefits from a mature industrial chain and strong technical accumulation in Shenyang, which enhances its cost control capabilities and operational efficiency [6]. - The company’s electromagnetic wire products are crucial for high-voltage transformers, meeting the increasing technical requirements for performance and reliability in ultra-high voltage projects [7]. - The company has established a dual market structure, covering all major domestic ultra-high voltage equipment manufacturers and expanding into overseas markets in the Middle East, North America, and Southeast Asia [6]. Group 3: Innovation and R&D - The company has made significant advancements in ultra/high voltage applications, participating in leading projects such as the Changji-Guquan ±1100kV ultra-high voltage direct current transmission project [7]. - Hongyuan Co., Ltd. emphasizes a systematic approach to innovation, focusing on high-value products and establishing a stable R&D team and innovation system [8]. - The company has accumulated 80 patents and contributed to multiple national and industry standards, reinforcing its foundation for innovative development [8]. Group 4: Capital Market and Growth Strategy - Hongyuan Co., Ltd. became the first company listed on the Beijing Stock Exchange from Shenyang, marking a new phase in its development [10]. - The company aims to leverage capital market support to strengthen its core business, expand its scale, and enhance its industrial chain layout [11]. - The company is actively entering the new energy vehicle sector, focusing on the production of specialized electromagnetic wires for high-efficiency electric motors, which aligns with the industry's shift towards higher voltage and efficiency [12].
2025北交所万里行|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