Group 1 - The company, Haomai Technology, has initiated the use of its 65,000 tons casting expansion project, which is now gradually being put into operation [2] - A new registration for 70,000 tons of casting capacity has been established, with specific construction and production plans dependent on market conditions, order changes, and industry development [2]

2025年1至6月份，模塑科技的营业收入构成为：汽车产业占比92.83%，医疗产业占比3.48%，铸件占比 2.58%，房地产产业占比1.11%。 每经AI快讯，模塑科技（SZ 000700，收盘价：12.63元）12月29日晚间发布公告称，本次利润分配方案 以公司总股本约9.18亿股为基数，向全体股东每10股派发现金3.268元（含税），现金分红总额约3亿 元，本次分配不实施资本公积转增股本、不分红股，剩余未分配利润留待后续分配。股权登记日为2026 年1月7日。除权除息日为2026年1月8日。 截至发稿，模塑科技市值为116亿元。 每经头条（nbdtoutiao）——绕开光刻机"卡脖子"，中国新型芯片问世！专访北大孙仲：支撑AI训练和 具身智能，可在28纳米及以上成熟工艺量产 （记者 王晓波） ...

Group 1 - The company maintains a balanced sales strategy between domestic and international markets, with both segments contributing equally to sales [1] - In the forging business, overseas customer base is stabilizing, indicating a steady demand [1] - In the casting business, the company is actively developing overseas customers, suggesting potential for growth in international markets [1]

Group 1 - The core point of the article is that Mould Technology (SZ 000700) held a temporary board meeting on December 15, 2025, to discuss the proposal for the first temporary shareholders' meeting of 2026 [1] - For the first half of 2025, Mould Technology's revenue composition was as follows: automotive industry accounted for 92.83%, medical industry 3.48%, casting 2.58%, and real estate 1.11% [1] - As of the report, Mould Technology's market capitalization was 10.1 billion yuan [1]

Group 1 - The company, Rihua Co., Ltd. (SH 603218), announced that its 17th meeting of the 6th Board of Directors was held on November 21, 2025, via communication methods, where it reviewed the proposal for the re-election of a non-independent director and adjustments to the specialized committee members [1] - For the fiscal year 2024, the company's revenue composition is as follows: castings account for 98.4% and other businesses account for 1.6% [1] - As of the report date, the market capitalization of Rihua Co., Ltd. is 13.2 billion yuan [1]

Group 1 - The core point of the article is that Mould Technology (SZ 000700) held a temporary board meeting on October 30, 2025, to discuss the proposal for the second temporary shareholders' meeting of 2025 [1] - For the first half of 2025, Mould Technology's revenue composition is as follows: automotive industry accounts for 92.83%, medical industry 3.48%, casting 2.58%, and real estate industry 1.11% [1] - As of the report, Mould Technology has a market capitalization of 8.5 billion yuan [1]

Group 1 - The controlling shareholder, Jiangyin Mould Group Co., Ltd., plans to reduce its stake in Mould Technology by up to approximately 9.18 million shares, representing 1% of the total share capital, within three months after the announcement [1] - As of the first half of 2025, Mould Technology's revenue composition is as follows: automotive industry accounts for 92.83%, medical industry for 3.48%, casting for 2.58%, and real estate for 1.11% [1] - The current market capitalization of Mould Technology is 10.1 billion yuan [2]

Core Viewpoint - The casting industry is a crucial foundation for the healthy development of various sectors in China, including mining machinery, energy, rail transportation, aerospace, and automotive industries. The country has become the world's largest casting producer, with a projected output of 50.75 million tons in 2024, accounting for approximately 45% of global casting production [2][10]. Industry Definition and Classification - Castings are metal objects obtained through casting methods, involving the pouring of molten metal into prepared molds to achieve specific shapes, sizes, and properties [3][4]. Current Development Status - The casting process has a long history, dating back over 5,000 years, and is the most widely used method for forming liquid metals into solid parts. It involves pouring liquid metal into molds, allowing it to cool and solidify to create castings [6][7]. Industry Chain - The upstream of the casting industry includes raw materials such as pig iron, scrap steel, and non-ferrous metals, along with auxiliary materials and equipment. The midstream consists of casting production enterprises that transform these raw materials into various types of castings. The downstream applications are extensive, covering sectors like automotive, machinery, aerospace, and energy [12]. Production Statistics - In 2024, China's casting production is expected to reach 50.75 million tons, with specific contributions from various materials: - Gray cast iron: 20.6 million tons (40.59%) - Ductile iron: 13.95 million tons (27.49%) - Forged iron: 450,000 tons (0.89%) - Cast steel: 6.28 million tons (12.37%) - Aluminum (magnesium) alloys: 8.32 million tons (16.39%) - Copper alloys: 900,000 tons (1.77%) - Other castings: 250,000 tons (0.49%) [10][2]. Industry Trends - The casting industry is expected to continue evolving with technological advancements and increased quality standards, leading to a higher quality of domestic casting products and a shift towards high-quality development [14].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [4][11]. Core Insights - The company reported a revenue of 3.23 billion yuan for the first half of 2025, representing a year-on-year growth of 80.4%, while the net profit attributable to shareholders decreased by 32.7% to 284 million yuan [2]. - In Q2 2025, the company achieved a revenue of 1.93 billion yuan, a year-on-year increase of 76.6% and a quarter-on-quarter increase of 48.0%. The net profit for Q2 was 163 million yuan, down 51.4% year-on-year but up 34.7% quarter-on-quarter [2]. - The increase in revenue was primarily driven by strong demand in the wind power sector, although profit margins were slightly pressured due to low bidding prices in the downstream market [2][3]. Performance Analysis - The company's revenue from ductile iron products reached 2.82 billion yuan, up 66.0% year-on-year, with a gross margin of 17.38%, down 1.91 percentage points from the previous year [2]. - The sales gross margin for Q2 was 15.9%, showing a slight improvement of approximately 0.4 percentage points from Q1 [2]. - The company expects continued strong demand in the wind power sector, which may lead to improved capacity utilization and a slight recovery in profitability in the second half of the year [2]. Financial Forecasts - The forecasted net profits for the company from 2025 to 2027 are 680 million yuan, 840 million yuan, and 973 million yuan, respectively, with corresponding P/E ratios of 20, 16, and 14 times [4]. - The projected revenue growth rates for the years 2025 to 2027 are 46.5%, 5.52%, and 8.39%, respectively [8].

Group 1 - The core point of the article is that Riyue Co., Ltd. announced the cancellation of its supervisory board and the revision of its articles of association during a board meeting held on August 27, 2025 [1] - For the fiscal year 2024, Riyue Co., Ltd.'s revenue composition is reported as 98.4% from casting and 1.6% from other businesses [1] - As of the report date, Riyue Co., Ltd. has a market capitalization of 13.8 billion yuan [2]