Group 1: Company Overview - Zhejiang Huaye's first-quarter orders increased year-on-year, with a growing demand for medium to large-scale products from downstream customers [1] - The lifespan of screw barrels is 1-5 years, while the lifespan of the core rods is around 10 years, which does not fully align with the lifespan of plastic forming equipment [1] - Screw barrels, machine barrels, and core rods account for 8%-12% of the cost of plastic forming equipment [1] Group 2: Market Dynamics - Major competitors include US-based Nordson Xaloy and Germany's Reiloy Metall GmbH, with some plastic machinery manufacturers establishing their own production facilities, though the self-manufacturing ratio is low [1] - Overseas customers primarily demand fully hardened screws and alloy barrels, which have higher profit margins, while domestic customers mainly require traditional electroplated screws and nitrided barrels [1] - The industry is steadily developing, with an increasing market share for high-end products and a sustained upward trend in market demand, focusing on niche market segments [1] Group 3: Financial Performance - The gross profit margin in East China is higher than in South China, mainly due to differences in product structure [1] - The main raw material is special alloy steel, and there is no price hedging in place [1] - The recovery of downstream industry prosperity has led to rapid growth in orders, with ongoing collaboration with major plastic forming equipment manufacturers [1] Group 4: Product Trends - The demand for screw barrels and core rods does not follow a simple proportional relationship [1] - The decline in unit prices is primarily due to changes in product structure, with an increase in sales of medium and small-sized screw barrels [1] - Trends in product structure include full hardening and alloying of screws, and bimetallic barrels, with large machines gradually becoming the market mainstream [1] Group 5: Customer Base - The revenue share of the top five customers is expected to continue to increase, while the company is also focused on developing new customers [1] - The company possesses screw production capabilities with precision levels ranging from 0.01mm to 0.02mm, but has not engaged in the production of lead screws [1]

证券代码： 301616 证券简称：浙江华业 浙江华业塑料机械股份有限公司投资者关系活动记录表 | 投资者关系活动 | 分析师会议 □特定对象调研 □ | | --- | --- | | 类别 | □ 媒体采访 √ 业绩说明会 | | | □ 新闻发布会 □ 路演活动 | | | □ 现场参观 | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 年 月 日 2025 5 16 (周五) 下午 15:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、浙江华业 董事长夏增富 | | 员姓名 | 2、浙江华业 董事、总经理夏瑜键 | | | 3、浙江华业 副总经理、董事会秘书许炜炜 | | | 4、浙江华业 财务总监王岚 | | | 5、浙江华业 独立董事余毓 | | | 6、国泰海通证券 投资银行委员会先进制造行业部 保荐代表人 | | | 傅清怡 | | 投资者关系活动 主要内容介绍 | 投 ...

Core Viewpoint - Zhejiang Huaye is experiencing significant growth in its operating performance for 2024, driven by the recovery in the downstream plastic machinery industry, supportive government policies, and strong partnerships with major manufacturers [1][4]. Group 1: Industry Overview - The plastic machinery accessory industry is a crucial segment within the plastic machinery sector, and Zhejiang Huaye is one of the early entrants in this field [2]. - The company has been recognized as one of the top five enterprises in the plastic machinery auxiliary and accessory industry from 2014 to 2019 and has been ranked among the top seven from 2023 to 2024 [2]. - Market share for Zhejiang Huaye in the plastic machinery screw and barrel products has increased from 8% in 2020 to 12.5% in 2023, maintaining a leading position in the market [2]. Group 2: Company Performance - In the 2024 annual report, Zhejiang Huaye reported a revenue of 892 million yuan, representing a year-on-year increase of 21.20% [4]. - The net profit attributable to shareholders reached 92.94 million yuan, marking a 32.21% increase compared to the previous year [4]. - The net profit after deducting non-recurring gains and losses was 90.72 million yuan, reflecting a growth of 37.02% year-on-year [4]. Group 3: Technological Advancements - The company emphasizes the improvement of process technology and the development of new products, having accumulated advanced process technologies and experience over the years [1]. - Key technologies include multi-axis linkage screw polishing technology and wear-resistant layer production technology for barrels and screws, which enhance production efficiency and environmental sustainability [1]. - The company has developed a patented method for producing wear-resistant layers for screws and barrels, contributing to higher casting qualification rates [1]. Group 4: Market Position and Partnerships - Zhejiang Huaye has successfully entered the supply chain of major global plastic forming equipment manufacturers, supplying products not only to the domestic market but also to countries like Canada, the USA, Germany, India, and Japan [3]. - The company has established long-term stable partnerships with numerous leading manufacturers, both domestically and internationally [3].

Core Insights - Zhejiang Huaye (301616) reported strong financial performance for 2024, with total revenue of 892 million yuan, a year-on-year increase of 21.20%, and a net profit attributable to shareholders of 92.94 million yuan, up 32.21% [1] - The company continued its growth in Q1 2025, achieving revenue of 215 million yuan, a 22.19% increase year-on-year, and a net profit of 16.90 million yuan, up 30.16% [1] - The plastic machinery industry in China has established a mature industrial system, with main business income of 104.9 billion yuan in 2024, a 9% increase, and total profit of 10.4 billion yuan, up 12% [2] Financial Performance - In 2024, Zhejiang Huaye's basic earnings per share were 1.549 yuan, and the weighted average return on net assets was 10.64% [1] - The company's revenue and profit growth were driven by strong demand in the downstream industry and stable partnerships with major plastic molding equipment manufacturers [1] Industry Overview - The plastic machinery industry is dominated by injection molding machines, which account for over 40% of the output value and are widely used in automotive, home appliances, and 3C industries [1] - China's plastic molding equipment production accounts for over 50% of the global market, with domestic market share increasing from 78% in 2019 to 83% in 2020 [2] Company Positioning - Zhejiang Huaye focuses on the R&D, production, and sales of core components for plastic machinery, such as screws and barrels, and has built a strong industry understanding [2] - The company has established a comprehensive and efficient production management system to meet the supply needs of brand and medium-to-large customers [3] Technological Advancements - In 2024, the company's R&D investment reached 30.05 million yuan, a 30.77% increase, leading to several industry-leading technologies [5] - The company has developed a patented method for producing wear-resistant layers for screws and barrels, combining traditional centrifugal casting techniques [5] Market Strategy - Zhejiang Huaye has successfully penetrated international markets, exporting to countries like Canada, the USA, and Germany, and has established long-term partnerships with major global and domestic players [5] - The company aims to enhance its global presence and become a leading manufacturer of core components for plastic molding equipment, focusing on customized production to meet specific client needs [6]

受特朗普关税政策扰动，全球股市承压。今日早盘，日韩股市低开，截至发稿，日经225指数、韩国综合指数均跌超1%。 中国资产逆市走强。 当地时间3月26日，美国总统特朗普在白宫签署行政令，宣布对所有进口汽车征收25%关税。相关措施将于4月2日生效。 受特朗普关税政策影响，全球股市承压。隔夜美股三大指数收跌，纳指收跌逾2%，创3月11日以来最大单日跌幅，标普500指数跌超1%。欧股方面，除英国富 时100指数收涨0.3%，其余主要指数均收跌，德国DAX指数、欧洲斯托克50指数跌超1%。 今日早间，亚太股市普遍低开，日经225指数、韩国综合指数盘中均跌超1%。A股三大指数均低开，盘初探底，港股恒指、恒生科技指数盘初亦大幅下探。但 随后A股、港股均企稳拉升，主要指数盘中全线翻红。此外，富时中国A50指数期货盘中亦大幅拉升翻红，一度涨超1%。 特朗普关税政策扰动全球股市，中国资产逆市走强 个股方面，现代汽车跌超4%，丰田汽车跌超3%，本田汽车、日产汽车跌超2%。 美国总统特朗普26日在白宫签署公告，宣布对进口汽车加征25%关税，相关措施将于4月2日生效。他当天下午告诉媒体记者，美国政府将从4月3日起开始加 征这项新关税。 ...