Himile Science And Technology(SZ:002595)2024-07-25 09:22Group 1: Financial Performance - In 2023, the company's profit growth outpaced revenue growth, primarily due to an increase in overall gross margin, influenced by product structure optimization, declining raw material prices, exchange rate effects, and continuous improvement in personnel efficiency [2] - The company raised its dividend amount to 500 million, exceeding 30% of net profit, reflecting respect for the demands of minority shareholders [3] Group 2: Operational Insights - The company has established subsidiaries in various countries including the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, forming a comprehensive global production service system [2] - The overseas production capacity accounts for approximately 10% of the total mold capacity, with a higher market share in the domestic market compared to the international market, exceeding 30% [3] Group 3: Future Plans and Investments - In 2024, the company has capital expenditure plans across three business segments, focusing on subsidiary layout, production line transformation, and filling gaps in large component machinery processes [3] - The company will continue to enhance the production capacity and service capabilities of its subsidiaries based on market conditions [2] Group 4: Business Development - The machine tool business is currently in its early stages, with a significant focus on R&D and brand building, leading to lower gross and net profit margins [3] - The company has a workforce of over 1,400 in its machine tool subsidiary, with more than 35% being engineering technicians [3] Group 5: Risk Management - The company is exposed to foreign exchange risks due to high overseas business revenue, primarily settled in USD, and employs hedging strategies to mitigate potential losses from currency fluctuations [4] - The main raw materials include forged steel, pig iron, scrap steel, and aluminum ingots [4]