Himile Science And Technology(002595)2025-02-11 08:56Group 1: Company Overview - The company, Shandong Haomai Machinery Technology Co., Ltd., is listed under the stock code 002595 and is known as Haomai Technology [1]. - 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]. Group 2: Business Operations - The company’s tire mold business accounted for approximately 10% of the total mold production capacity in 2023, with a revenue of 3.79 billion CNY [3]. - The company has a systematic pricing mechanism for its tire mold products, which considers various factors such as specifications, processing difficulty, and order cycles [3]. Group 3: Future Projections - The gas turbine business is expected to maintain growth in 2024, with a full order book, although future growth rates will depend on market conditions [4]. - The company plans to expand its large component production capacity, with a current project for high-end casting of 65,000 tons, subject to market demand [4]. Group 4: Financial Performance - The company increased its dividend payout to nearly 500 million CNY in 2023 and plans to continue optimizing investor returns based on operational performance and shareholder demands [5]. - The machine tool business is still in the development phase, with significant R&D investment and a focus on enhancing brand image and product performance [5]. Group 5: Market Position - The company’s large component business primarily serves the wind power and gas turbine sectors, with production capacity being flexible and adaptable to market needs [4]. - The company’s machine tool products have received positive feedback since their market introduction in 2022, indicating an improvement in industry standing [5].