SANHE(SZ:003037)2025-06-12 09:16Financial Performance - In Q1 2025, the company's net profit attributable to shareholders reached 34.6013 million yuan, a year-on-year increase of 418.95% [2] - Revenue increased by 10.07% due to market demand and product diversification [2] - Raw material costs decreased, contributing to improved gross margins [2] Strategic Development - The company will continue to implement the "Technology, Quality, Green, Efficiency" strategy, focusing on domestic markets while exploring international opportunities [3] - Plans to deepen cooperation with strategic clients and expand new channels to increase market share [3] - The company aims to enhance its presence in emerging markets, particularly in photovoltaic, wind power, and water conservancy projects [3] Market and Product Insights - As of 2024, the sales distribution of products is approximately 70% for industrial projects, 17% for civil construction, 10% for municipal engineering, and 3% for transportation [4] - Industrial project sales have increased by 7% compared to 2023, while civil construction has decreased by 7% [4] - The company is actively expanding its product applications in new fields and scenarios [4] Raw Material and Pricing Strategy - Raw material costs account for 75.58% of operating costs in 2024, with major materials including PC steel bars, cement, and aggregates [4] - The average price of pile products decreased by 7.93% in 2024 compared to 2023 [4] - The company has a pricing mechanism to adjust sales prices based on raw material cost fluctuations [4] Sustainability and Innovation - The company has established a "Energy Saving and Emission Reduction" task force, achieving significant reductions in energy consumption per product [5] - It is actively participating in the drafting of carbon footprint standards and implementing solar energy solutions in production [5] - Smart manufacturing upgrades are being pursued to enhance production efficiency and product quality [5] Capacity and Future Outlook - The company's production capacity for 2024 is 46.5339 million meters, with further increases expected in 2025 [6] - The company is focusing on expanding its overseas market presence, particularly in Southeast Asia, with a 93.23% increase in overseas sales volume in 2024 [7] - Revenue from overseas operations reached 175 million yuan in 2024, a year-on-year growth of 217.40% [7]