Market Development - The company has established a significant market share in Russia since entering in 2016, driven by long-term partnerships and high-quality products, culminating in a major sales contract worth approximately 6 billion RMB in 2022 [2][3]. - The number of customers in the Russian market continues to grow, indicating substantial market potential despite ongoing competition from established international brands [3]. Product Lifespan and Market Demand - The lifespan of all-steel giant tires varies significantly based on multiple factors, including mining conditions and vehicle specifications [4]. - There are approximately 1,615 active large open-pit mines globally, with around 56,000 giant mining trucks, each requiring an average of 8 tire replacements annually [4][5]. Operational Management Model - The company provides comprehensive tire lifecycle management services, enhancing production safety and efficiency for mining companies while accumulating valuable operational data [5]. Competitive Landscape - The all-steel giant tire market is characterized by high technical barriers and strong customer loyalty, with three major international brands dominating the market. The company ranks closely behind, offering competitive pricing and service advantages [6][7]. Investment Projects and Financial Outlook - The company has three main investment projects with construction periods of 3 years, 2 years, and 3 years, respectively, aimed at expanding production capacity and upgrading technology [8]. - As of July 31, 2025, the company has an order backlog of approximately 1.424 billion RMB, with new contracts and agreements for 4,790 tires valued at about 337 million RMB [10][11]. Future Growth Potential - The company anticipates stronger performance in the all-steel giant tire and related operational management services as mining projects expand and service capabilities deepen [11].
海安集团(001233) - 2026年1月8日投资者关系活动记录表