Himile Science And Technology(SZ:002595)2024-10-18 11:27Group 1: Tire Mold Business - The tire mold business experienced rapid growth in the first half of 2024, with a forecasted increase in orders for the second half, although this trend may not be sustainable long-term depending on market demand [2] - The company has a systematic pricing mechanism for tire molds, considering various factors such as specifications, complexity, and order cycles, with profit margins varying by product type [2] - The market share of the tire mold business exceeds 30%, with a higher share in the domestic market compared to the international market [6] Group 2: Gas Turbine Market - The global gas turbine market is expected to maintain strong demand until 2030, with the company anticipating full orders for its gas turbine business in 2024 [3] - Major clients in the gas turbine business include GE, Mitsubishi, Siemens, Shanghai Electric, Dongfang Electric, and Harbin Electric [6] Group 3: Machine Tool Business - The machine tool business is in its early development stage, focusing on R&D and product variety, with low profit margins currently [3] - The company aims to enhance its brand image and product performance rather than prioritize profit margins at this stage [3] - The machine tool products include multi-axis machining centers, with a focus on five-axis machines, and the company offers customized services [5] Group 4: International Expansion - The company has established subsidiaries in various countries, including the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, to enhance its global production service system [3] - This international presence allows for more convenient and faster services to clients while improving risk management capabilities [3] Group 5: Financial Performance and Shareholder Returns - The company plans to increase its dividend payout to nearly 500 million RMB in 2023 and has proposed a mid-term dividend plan for 2024 [6] - The company is committed to optimizing investor return mechanisms based on operational performance and shareholder demands [6] Group 6: Innovation and Employee Engagement - The company promotes a culture of innovation, encouraging all employees to contribute to improvements in various aspects of the business [5] - Two employee stock ownership plans have been implemented, with participation from over 2,600 individuals in 2022 and around 1,900 in 2023 [5]