Company Overview - Qingdao Haitai Technology Molding Co., Ltd. was founded in 2003 with a registered capital of 84.748746 million yuan [5] - The company focuses on the R&D, design, manufacturing, sales, and project management of automotive injection molds and plastic components [5] - It has five wholly-owned subsidiaries, including Haitai Technology (Thailand) and Haitai Technology (Europe) [5] Product and Client Base - The main products include automotive interior and exterior injection molds, serving renowned automotive manufacturers and suppliers [6] - Key clients include international brands such as General Motors, Volkswagen, and BMW, as well as domestic brands like BYD and Geely [6] Research and Development - R&D investment for 2024 is projected at 28.3312 million yuan, accounting for 4.17% of revenue, a 15.34% increase from the previous year [7][8] - The company holds a total of 98 patents, including 26 invention patents and 72 utility model patents [8] Financial Performance - In Q1 2025, the company reported accounts receivable of 64.1 million yuan, reflecting a significant increase due to rapid revenue growth [13] - Inventory increased by 22.82 million yuan, attributed to rising orders and production scale [14] Market Impact - In 2024, 60.97% of the company's export revenue came from Europe, with only 3.93% from the U.S., indicating minimal impact from U.S.-China trade tensions [12] - The company anticipates a gross margin of approximately 12% for its 150,000 tons/year polymer materials project once fully operational [15] Future Projections - Mold revenue for 2024 is expected to reach 586 million yuan, with growth anticipated in 2025 due to increased orders and new production capacity [18] - The modified materials business is projected to achieve annual sales of 1.745 billion yuan and a net profit of 73.6815 million yuan once fully operational [20] Risk Management - The company has strategies in place to mitigate risks from currency fluctuations and raw material price volatility, including long-term contracts with suppliers [16][17]
海泰科(301022) - 2025年6月27日投资者关系活动记录表