Himile Science And Technology(SZ:002595)2024-12-26 08:52Group 1: Company Overview and Operations - The company has established subsidiaries in Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, forming a comprehensive global presence [1] - Currently, all overseas factories focus on tire mold business, with a good growth in overseas capacity in 2023 [2] - The gas turbine business's revenue is a significant part of the large component machinery products revenue [2] Group 2: Financial Performance and Projections - In 2023, the company increased its dividend amount to nearly 500 million yuan, with a mid-term dividend plan proposed for 2024 [17] - The company anticipates a steady demand in the global gas turbine market, projecting continued growth in the gas turbine business orders [19][32] - The cost structure of the tire mold business includes materials (762 million yuan), wages (760 million yuan), manufacturing costs (570 million yuan), and fuel costs (66 million yuan) [8] Group 3: Business Development and Strategy - The machine tool business is in its early development stage, with significant R&D investment and a focus on multi-axis composite processing machine tools [4] - The company aims to enhance the production capacity and service capabilities of its subsidiaries based on market conditions [10][24] - The company has implemented two employee stock ownership plans in 2022 and 2023, reflecting its commitment to employee engagement [18] Group 4: Market Position and Customer Base - Major clients in the gas turbine business include GE, Mitsubishi, Siemens, Shanghai Electric, and Dongfang Electric [28] - The company’s machine tool products have received positive feedback from customers after market introduction since 2022 [28] - The company’s export business primarily uses foreign currency settlements, including USD, EUR, and JPY [29]