Himile Science And Technology(002595)2025-02-19 08:48Group 1: Tire Mould Business - The company holds a significant market share in the mid-to-high-end tire mould market, with potential for further growth despite fluctuations due to economic conditions and industry trends [2] - The gross margin for tire mould products is influenced by various factors including product specifications, complexity, and order cycles [2] Group 2: Gas Turbine Business - The gas turbine business is expected to maintain growth, with a full order book for the year 2024, driven by strong market demand [2] Group 3: Machine Tool Business - The machine tool business is in a developmental phase with high R&D investment and low profit margins; however, it has seen good revenue growth from January to September 2024 [3] - The company focuses on multi-axis composite processing machine tools, offering a range of products including five-axis machining centers and customized services [3][4] Group 4: Sales and Distribution - The machine tool business plans to adopt a combination of distribution and direct sales models [4] - The company collaborates with various domestic and international firms for CNC systems, with the specific choice depending on customer needs [4] Group 5: R&D and Facilities - R&D centers have been established in locations such as Weifang and Qingdao, in addition to the main facility [4] - The construction of the machine tool laboratory is progressing as planned, with expected operational readiness in the second half of the year [4] Group 6: Financial Performance and Shareholder Returns - The company increased its dividend payout to nearly 500 million yuan in 2023 and plans to continue optimizing investor returns based on operational performance and shareholder expectations [4] - Two employee stock ownership plans were implemented in 2022 and 2023, with ongoing considerations for future operations [5]