HONGLU(SZ:002541) Chang Jiang Shang Bao·2026-01-12 23:44Core Viewpoint - Honglu Steel Structure, a leading player in the steel structure industry, is expected to deliver a stable operational performance in 2025, with a focus on increasing volume and steady orders [1][2]. Group 1: Sales and Production Performance - The company reported a total new signed sales contract amount of approximately 29.102 billion yuan in 2025, reflecting a slight year-on-year increase of 2.84% [2]. - In the fourth quarter, new signed contracts reached 6.835 billion yuan, all of which were material orders, indicating a more focused order structure on core business [2]. - The total production of steel structure products reached 5.0207 million tons, a significant year-on-year increase of 11.30%, with fourth-quarter production alone at 1.4105 million tons [2][3]. Group 2: Strategic Initiatives and Investments - The company has invested approximately 3 billion yuan in research and development over the past five years, focusing on intelligent upgrades in production lines [3][4]. - A strategic partnership with Qianjiang Robot has been established to enhance the company's competitive edge through a dual approach of self-research and collaboration [4][5]. - The partnership includes a framework cooperation agreement for equipment procurement and technology development, allowing for mutual benefits and resource integration [4][5]. Group 3: Future Outlook and Competitive Advantage - The company aims to further enhance production capacity utilization, reduce production costs, and improve product quality through ongoing intelligent transformation efforts [5]. - The long-term value of intelligent transformation is expected to become increasingly evident, supported by downstream demand in manufacturing, infrastructure, and public construction [5].