Core Viewpoint - The company is experiencing growth in its automotive injection mold business, supported by increased production capacity and favorable market conditions in the automotive industry [1] Group 1: Automotive Injection Mold Business - The company has enhanced its production capacity through the release of its initial public offering (IPO) project, laying a solid foundation for expanding both domestic and international markets [1] - The automotive injection mold business is expected to continue its growth trend in the second half of the year due to the dual-driven high prosperity of the automotive industry [1] Group 2: Plastic Parts Business - The company's overseas production base in Thailand has established close partnerships with well-known enterprises such as Yanfeng, Magna, and BYD [1] - The second phase of the Thailand factory has successfully commenced production, with an expected annual output value increase of approximately 100 million yuan upon reaching full capacity [1] Group 3: High Polymer New Materials Business - The company's convertible bond project for "annual production of 150,000 tons of high polymer new materials" is steadily advancing, with a pilot production base of 30,000 tons already established in Qingdao [1] - The company is actively promoting customer certification work, and its modified materials business has achieved small batch supply, with an increasing number of customers [1] - A slight growth in the high polymer materials business is anticipated in the second half of the year [1]

证券日报网讯海泰科（301022）9月2日发布公告，在公司回答调研者提问时表示，近年来，随着中国车 企及配套零部件公司纷纷加大在泰国的投资，海泰科积极响应，持续加码泰国产业布局。目前，海泰科 (泰国)作为公司汽车塑料零部件的海外生产基地，已与延锋、麦格纳、劳士领、比亚迪（002594）等知 名企业建立了紧密合作关系。2025年上半年，公司汽车零部件业务在手订单充沛，原有产能利用率接近 饱和，实现营业收入4，463.61万元。2024年，公司利用自有资金1.6亿元对海泰科(泰国)公司进行二期 投资，目前，二期工厂已顺利投产，达产后预计每年将新增产值约1亿元。 ...

改性塑料业务可以丰富公司产品线。公司可转债募投项目"年产15万吨高分子新材料项目"稳步推进，目 前，青岛已建成年产3万吨的中试生产基地，安徽生产基地即将进入设备安装调试阶段。项目实施后， 公司将实现改性塑料的规模化生产，拓展新利润增长点。公司此前在投资者交流中透露，该项目预计 2027年完全达产，完全达产后预计平均每年实现销售收入17.45亿元，净利润7368.15万元。 改性高分子材料广泛应用于汽车零部件、电子电器、航空航天、机器人等领域，公司密切关注新技术、 新产品行业进展，争取抓住相关产品的产业化机会。上半年，在人形机器人领域，公司开发出轻量化仿 生骨架、自润滑关节轴承和耐高温电机外壳等关键部件的高分子材料解决方案，通过PEEK材料创新进 一步提升材料性能，实现产品轻量化、自润滑、耐高温。目前，公司正在为某头部人形机器人公司进行 配套开发。 多维举措下，公司成功实现新增客户群体的稳步扩容，新签订单额节节攀升，为注塑模具业务的业务持 续增长注入核心动力。上半年，公司新接注塑模具订单4.74亿元，较去年同期增长25.36%，截至2025年 6月末，公司注塑模具在手订单10.24亿元，较去年同期增长22.77 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook for its stock performance in the near term [5]. Core Views - The company is positioned to benefit from the trend of "Replacing Steel with Plastic" in the automotive industry, with a projected revenue of 755 million yuan in 2024, reflecting an 8.08% year-over-year growth [5]. - The company has established strong relationships with major clients, including global automotive manufacturers and leading companies in the electric vehicle sector, which enhances its market position [5]. - The company has a robust patent portfolio with 77 patents, including 22 invention patents, showcasing its technological capabilities in producing advanced plastic components [5]. - The global demand for lightweight automotive parts is increasing, driven by environmental concerns and the shift towards electric vehicles, which is expected to further boost the company's revenue from plastic components [5][6]. Summary by Sections Market Performance - The company's closing price is 37.98 yuan, with a total market capitalization of approximately 4.97 billion yuan and a circulating market value of about 1.83 billion yuan [3]. Financial Performance - The company achieved a revenue of 755 million yuan in 2024, with a net profit of approximately 51.16 million yuan, resulting in a gross margin of 22.7% and a net margin of 6.2% [5][7]. - The forecasted revenues for 2025, 2026, and 2027 are 843 million yuan, 1.02 billion yuan, and 1.25 billion yuan, respectively, indicating a consistent growth trajectory [7]. Business Strategy - The company is expanding its operations in the North American market, with a subsidiary expected to break even by Q4 2025, enhancing its global footprint and customer service capabilities [6]. - The establishment of a subsidiary in Singapore aims to optimize the company's overseas operations and improve cross-border procurement efficiency [6]. Industry Trends - The global market for new energy vehicles is projected to grow significantly, with sales expected to exceed 18 million units in 2024, representing a 24.4% year-over-year increase [5]. - The company is actively pursuing opportunities in the energy storage and power battery sectors, which are anticipated to see a surge in demand for precision plastic components [5].