豪迈科技(002595) - 2026年1月27日-1月28日投资者关系活动记录表

Group 1: Tire Mold Business - The tire mold business has a systematic pricing mechanism that considers specifications, processing difficulty, complexity, and order cycle, with a gross margin of 40.21% in H1 2025, down by 1.00 percentage point year-on-year due to product structure changes and an increase of over 1,000 personnel [1] - The overseas production capacity for tire molds accounts for approximately 10%, with subsidiaries established in countries including the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia [1] - The lifespan of tire molds is influenced by usage and design updates, with increasing frequency of pattern updates [2] - Raw materials constitute about one-third of the cost in the tire mold business, primarily consisting of forged steel and aluminum ingots [4] Group 2: Wind Power and Gas Turbine Business - The company can adjust production capacity between wind power and gas turbines, particularly in casting and precision machining [2] - The large component machinery products are currently operating at full capacity, with significant growth in both wind power and gas turbine components in H1 2025 [2] - Major clients for the gas turbine business include GE, Mitsubishi, Siemens, Shanghai Electric, Dongfang Electric, and Harbin Electric [2] - A new 65,000-ton casting expansion project has been initiated, with an additional 70,000-ton casting capacity planned, subject to market conditions and order changes [2] Group 3: CNC Machine Tool Business - Since launching in 2022, the CNC machine tool products have seen repeat orders, with a revenue of approximately 800 million yuan from January to September 2025 [3] - The CNC machine tool business includes self-produced components such as machine beds and functional parts like cradle turntables [3] - The product range includes vertical five-axis machining centers, precision machining centers, ultra-hard tool five-axis laser machining centers, and horizontal five-axis machining centers, serving industries like electronics, automotive, precision molds, and semiconductors [3] Group 4: General Observations - The company is actively enhancing its global production service system to better respond to market demands and provide localized services [1] - Future business growth may be influenced by market changes, supply-demand relationships, and policy dynamics [2]