Himile Science And Technology(002595)2025-05-29 10:08Group 1: Business Overview - The company has a systematic pricing mechanism for tire mold products, considering specifications, processing difficulty, and order cycles, with profit margins varying by product type and complexity [2] - The company has established subsidiaries in multiple countries, including the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, forming a comprehensive global production service system [2] - The company offers a range of CNC machine tools, including direct drive turntables and vertical five-axis machining centers, with applications in precision molds, automotive, and electronics [2][3] Group 2: Financial Performance and Projections - The company's CNC machine tool revenue recognition varies by quarter due to order cycles and inventory levels, impacting the timing and amount of revenue recognized [3] - The company anticipates that the expansion and upgrades in tire mold business will increase demand for CNC machines, affecting production capacity [3] - The company expects steady growth in revenue from wind power and gas turbine components in 2024, with gas turbines accounting for approximately 30% and wind power for about 60% of large component machinery products [5][6] Group 3: Product Development and Market Trends - The electric heating vulcanization machine has gained recognition for its energy-saving and environmental benefits, leading to larger orders after initial trials [4] - The company is investing in a machine tool laboratory, expected to be operational by September 2024, to enhance its high-end machine tool offerings [3] - The market for wind power components is recovering in 2024 compared to the second half of 2023, while gas turbine demand remains strong [5][6] Group 4: Workforce and Corporate Governance - As of December 31, 2024, the company has a total of 14,804 employees, with significant increases in the tire mold and large component machinery sectors [6] - The company plans to optimize its investor return mechanism based on operational performance and shareholder expectations [6]