[路演]宏远股份：国家级“制造业单项冠军企业” 在同行业公司中拥有较强技术实力

Core Viewpoint - Hongyuan Co., Ltd. is a leading manufacturer of electromagnetic wire for high, ultra-high, and extra-high voltage transformers, with strong technical capabilities and a solid market position in the industry [1][2][3]. Company Overview - Hongyuan Co., Ltd. specializes in the research, production, and sales of electromagnetic wires, including various types such as paper-wrapped wire, enameled wire, and combination wire, primarily used in high voltage, large capacity power transformers and related equipment [1][2]. - The company has been recognized as a national "Manufacturing Single Champion Enterprise" and has received several awards for its technological advancements, including a third-class award for scientific and technological progress in Liaoning Province in 2023 [2]. Technological Advancements - The company has developed several innovative products, including the "ultra-thin switching wire" and "high-temperature self-adhesive enameled switching wire," which have been recognized as leading in their respective categories [2]. - As of December 31, 2024, the company holds 80 patents, including 16 invention patents, indicating a strong focus on innovation and technology [3]. Market Position and Opportunities - The electromagnetic wire industry is experiencing growth due to increased investment in power and grid projects in China, driven by carbon neutrality goals, which presents significant opportunities for companies in this sector [5]. - Hongyuan Co., Ltd. has established a strong market presence in the ultra/high voltage transformer segment and is actively expanding into the new energy vehicle sector, positioning itself as a qualified supplier for various domestic and international clients [4][5]. Financial Performance - The company reported revenues of approximately 1.31 billion yuan, 1.46 billion yuan, and 2.07 billion yuan for the years 2022 to 2024, with a compound annual growth rate of 25.74% [6]. - Net profits for the same period were approximately 50 million yuan, 64 million yuan, and 101 million yuan, indicating a robust growth trend [6]. Fundraising and Investment Plans - Hongyuan Co., Ltd. plans to raise approximately 282 million yuan through a public offering, with funds allocated for upgrading production lines, expanding capacity, and developing new products for the electric vehicle market [9][10]. - The company aims to enhance its research and development capabilities and improve production efficiency through these investments [10].