Sales Performance - In 2024, the sales of all-steel giant tires by rim diameter were as follows: 49 inches - 5,974 units, 51 inches - 4,201 units, 57 inches - 5,594 units, and 63 inches - 302 units [2] - The weight of the all-steel giant tires varies by size: 49 inches approximately 1.5 tons, 51 inches between 1.5 to 3.0 tons, 57 inches between 3 to 4.5 tons, and 63 inches between 4.5 to 6 tons [2] Cost Structure - The operational management cost of mining tires consists of three main components: tire consumption cost (70%), direct labor, and indirect expenses (each around 10%) [3] Revenue Composition - In 2024, the overseas sales revenue composition was: Europe - 69.82%, Asia - 15.77% [4] Business Model - The mining tire operational management business includes tire supply and on-site project teams providing comprehensive lifecycle management services, enhancing production safety and efficiency for mining companies [5] Competitive Landscape - The all-steel giant tire market is dominated by three major international brands, with the company holding a competitive position in terms of market share and service capabilities [6] - The company maintains a strong presence in the Russian market despite geopolitical tensions, supported by long-term contracts with major clients [7] Payment and Settlement - The company uses cross-border trade in RMB for settlements with Russian clients, ensuring stable and smooth transaction processes [8] Investment Projects - The company’s fundraising projects include: all-steel giant tire expansion (3 years), automation upgrades (2 years), and R&D center construction (3 years) [9] Market Development - As of June 30, 2025, the company signed orders for 4,790 all-steel giant tires worth approximately 337 million RMB, with ongoing negotiations for additional orders [10] Strategic Partnerships - The company has established strong relationships with industry leaders like Zijin Mining and Jiangxi Copper, enhancing mutual trust and collaboration [11]
海安集团(001233) - 2026年1月4日投资者关系活动记录表