豪迈科技(002595) - 2026年3月31日-4月1日投资者关系活动记录表

Group 1: Financial Performance - In 2025, the company achieved a revenue of 110.78 billion CNY, representing a year-on-year growth of 25.70% [2] - The net profit attributable to shareholders was 23.93 billion CNY, with a year-on-year increase of 18.99% [2] - The tire mold business generated a revenue of 55.09 billion CNY, up 18.44% year-on-year, with a gross margin of 39.98%, an increase of 0.39 percentage points [2] Group 2: Business Segments - Large component machinery products achieved a revenue of 39.64 billion CNY, reflecting a year-on-year growth of 18.97% [4] - The CNC machine tool business saw a significant revenue increase of 142.59%, reaching 9.68 billion CNY [2][5] - The sulfur machine business generated over 400 million CNY in revenue, with higher sales in the second half of the year compared to the first half [4] Group 3: Cost and Expenses - Management, sales, and R&D expenses remained stable as a percentage of revenue compared to Q4 2024, while R&D expenses increased due to the development phase of the machine tool business [3] - Financial expenses were influenced by exchange rate fluctuations [3] Group 4: Inventory and Production - The tire mold business operates on an order-based production model, resulting in inventory growth aligned with business expansion [3] - The CNC machine tool segment maintains some inventory for regular products due to long production cycles [3] Group 5: Market Dynamics - Domestic customer demand for tire molds has increased, with the ratio of domestic to foreign customers nearing 1:1 by the end of 2025 [3] - The wind power market has experienced price volatility, with prices adjusting according to market conditions [3] Group 6: Future Outlook - The company plans significant capital expenditures in 2025, including a 65,000-ton casting expansion project and capacity enhancements in Thailand and Mexico [3] - The development of the sulfur machine business in 2026 is expected to be positive, contingent on market demand and order fluctuations [4]