9月9日，哈尔斯创立四十周年庆典在浙江永康举行。活动现场，哈尔斯与多家机构启动新项目或签署战略合作协议，共同开启发展新篇 章。新华出版社与哈尔斯启动了图书出版合作项目，并为哈尔斯颁发文创合作开发授权书。新华出版社社长匡乐成，新华社品牌工作办公室副 主任张洪河，浙江哈尔斯真空器皿股份有限公司（简称哈尔斯）董事长吕强、总裁吴子富，新华出版社财经出版事业部总经理田丽丽等参加上 述活动。 同时，新华出版社向哈尔斯颁发文创合作开发授权书，双方将携手打造"新华社×哈尔斯"联名系列杯壶产品，将具有深厚历史积淀、广泛 群众基础和社会公信力的国家级文化符号融入哈尔斯产品，打造传递时代温度与文化自信的载体。 新华出版社向哈尔斯颁发文创授权书。 四十年发展历程中，哈尔斯所积淀的独特企业经验与民营经济发展范式，具有极强的行业借鉴价值和样本意义，新华出版社将系统挖掘并 出版讲述这一中国品牌成长故事的图书，生动展现中国杯壶行业的发展变迁，为民营经济提供可参考的发展叙事，有力助推"中国制造"向"中 国智造"、"中国品牌"向"世界品牌"的战略蜕变。 新华出版社、新华社品牌工作办公室、哈尔斯相关负责人共同启动图书出版项目。 哈尔斯是中国杯壶行 ...

Market Overview - On August 13, the Shanghai Composite Index rose by 0.48%, the CSI 300 increased by 0.79%, the STAR 50 gained 0.74%, the CSI 1000 climbed 1.45%, the ChiNext Index surged 3.62%, and the Hang Seng Index went up by 2.58% [4][5]. - The best-performing sectors on August 13 were telecommunications (+4.91%), non-ferrous metals (+2.37%), electronics (+2.01%), pharmaceutical biology (+1.73%), and electric power equipment (+1.66%). The worst-performing sectors included banking (-1.06%), coal (-0.81%), food and beverage (-0.42%), textiles and apparel (-0.4%), and public utilities (-0.2%) [4][5]. - The total trading volume for the A-share market on August 13 was 21,752.11 billion yuan, with a net outflow of 8.277 billion Hong Kong dollars from southbound funds [4][5]. Important Recommendations - The report highlights the company "ThinkScan Technology" (688583) as a leader in 3D laser scanning technology, emphasizing its potential for global competitiveness [6]. - The recommendation logic is based on the belief that 3D laser scanning is a high-growth new industry with significant potential, contrary to market perceptions of limited growth due to a fragmented downstream market [6]. - The company's products are applicable in various fields such as quality inspection, simulation assembly, motion state analysis, and reverse engineering, with a traditional coordinate measuring machine market size of 39.7 billion yuan in 2023 [6][7]. - The report anticipates that the penetration of 3D laser scanning technology will increase, driven by its efficiency compared to traditional measurement methods [6][7]. Key Drivers - Expansion of downstream application areas, increased demand for optical inspection, and improvements in product competitiveness due to technological breakthroughs are identified as key drivers for the company's growth [7]. Profit Forecast and Valuation - The projected revenue for the company from 2025 to 2027 is 416 million yuan, 560 million yuan, and 726 million yuan, with growth rates of 25%, 35%, and 30% respectively. The net profit attributable to the parent company is expected to be 149 million yuan, 202 million yuan, and 272 million yuan, with growth rates of 24%, 35%, and 35% respectively [7]. - Earnings per share are forecasted to be 1.69 yuan, 2.28 yuan, and 3.08 yuan, with price-to-earnings ratios of 57, 42, and 31 times [7]. Catalysts - Growth in company orders, the release of production capacity from fundraising projects, and the expansion of 3D laser scanning technology applications in the robotics sector are seen as catalysts for future growth [7]. Important Insights - The report discusses the concept of responsible management in the context of ESG (Environmental, Social, and Governance) practices, emphasizing the need for public fund managers to adopt soft governance strategies to enhance corporate governance, particularly in protecting minority shareholder rights [8][9]. - The shift towards responsible management is viewed as a new model of corporate governance driven by changes in investor structure [9].

Core Viewpoint - The design is considered the "soul" of fabric products, directly influencing the quality and market positioning of a company [1][2]. Group 1: Company Overview - The company, established in 1994 in Hangzhou, specializes in the R&D, design, production, and sales of mid-to-high-end decorative fabrics and products, serving various sectors including sofas and furniture [1]. - The company has multiple brands such as "Z-wovens," "SunBelievable," and "Z-cycle," and its clients include well-known furniture manufacturers like Ashley and La-z-boy [1]. Group 2: Design and Innovation - The company emphasizes a systematic design process to capture trends and consumer preferences, collaborating with global design studios for inspiration [2]. - The company believes that true creativity cannot be replaced by artificial intelligence, as unique designs require human exploration of color combinations and material properties [2]. Group 3: Manufacturing and Technology - In 2024, the company made significant progress in digital smart manufacturing, being selected as a "Future Factory" in Zhejiang Province, which enhances its core competitiveness and production capacity [3]. - The company has implemented a fully automated process for fabric production, improving factory efficiency by 20% and reducing delivery times by at least 15 days [3]. Group 4: Global Expansion - The company is actively expanding its global market presence, with a focus on the U.S. market and plans to enter Australia, the Middle East, South Africa, and Europe [4]. - A new showroom in Ho Chi Minh City, Vietnam, is set to open in February 2025, marking a significant step in the company's Southeast Asian market strategy [4]. - The establishment of subsidiaries in Hong Kong and Singapore in 2024 aims to enhance service capabilities for overseas clients [4]. Group 5: Industry Trends and Future Outlook - The fabric industry is transitioning from "small home textiles" to "large home furnishings," emphasizing the artistic integration of fabric products within overall home decor [2]. - Companies in the home textile sector are encouraged to adopt a holistic approach, engage in international cooperation, and leverage technology for future growth [5].

Group 1: Financial Performance and Projections - The company plans to achieve a tire production of 10.45 million units in 2025, representing an 8.73% increase from the previous year [2] - The sales target for 2025 is set at 10.35 million units, which is a 7.79% increase compared to last year [2] - The net asset value is reported at 5.68 CNY, with the stock price consistently trading below net asset value by over 15% [1] Group 2: Market and Export Challenges - The sales revenue from Guizhou Tire Import and Export Co., Ltd. is 2.424 billion CNY, with a profit of only 38.94 million CNY, indicating a low profit margin on exports [2] - Guizhou Qianjin Tire Sales Co., Ltd. reported sales revenue of 795 million CNY and a profit of 1.1 million CNY, highlighting the issue of revenue growth without corresponding profit [2] Group 3: Strategic Initiatives and Suggestions - The company has been recognized as a global "Lighthouse Factory," which underscores its achievements in digital and intelligent manufacturing [3][4] - Suggestions from investors include establishing a robotics department and collaborating with well-known domestic robotics companies to enhance digital manufacturing capabilities [3][4] - The company is committed to enhancing communication with the capital market and improving its market value through various management tools, including share buybacks and cash dividends [4][9] Group 4: Investor Relations and Communication - The management acknowledges the importance of market perception and is focused on improving investor confidence through better communication and operational performance [4][9] - The company is actively pursuing the collection of 1.222 billion CNY in compensation for land acquisition, with 200 million CNY received so far and 1.224 billion CNY still outstanding [9]

Core Viewpoint - The G2 section of the Guangzhou-Shenzhen Expressway expansion project has commenced steel box girder manufacturing, marking the full production phase for this critical infrastructure project in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Project Overview - The Guangzhou-Shenzhen Expressway is a vital part of the national expressway network, specifically the Beijing-Hong Kong-Macao Expressway (G4) and the Shenyang-Haikou Expressway (G15), and is recognized as a "golden corridor" in the region [1] - The key line of the project, the elevated bridge from Taiping to Wudianmei, involves a steel structure manufacturing volume of 72,000 tons, which is being undertaken by China Railway Shanhaiguan Bridge Group [1] Group 2: Technological Innovations - The project team employs CNC cutting technology to ensure precision in part dimensions, automated assembly, and intelligent welding technology to guarantee assembly accuracy and welding quality [2] - Laser technology and AI vision technology are integrated into the manufacturing process, enhancing performance across multiple manufacturing stages, including weld seam recognition and coating inspection [2] - The implementation of a digital welding management system and real-time information exchange during the manufacturing process aims to improve automation, digitization, and intelligence in the production of bridge steel structures [1][2] Group 3: Commitment to Quality - The company emphasizes strict quality control across production, technology, and project timelines to deliver a high-quality outcome for the Guangzhou-Shenzhen Expressway expansion project [2] - The project aims to contribute to the development of modern transportation infrastructure that is convenient, efficient, green, economical, and safe, supporting the Greater Bay Area and the national transportation strategy [2]