HAERS(SZ:002615)2022-12-03 09:24Financial Performance - In the first half of 2018, the company achieved operating revenue of 863.01 million CNY, a year-on-year increase of 20.13% [1] - OBM business revenue reached 269.49 million CNY, up 17.31% year-on-year; OEM business revenue was 507.35 million CNY, with a growth of 27.91%; ODM business revenue was 76.87 million CNY, down 2.54% [2] - Net profit attributable to the parent company was 49.58 million CNY, a decrease of 34.91% year-on-year [2] Market Dynamics - Revenue growth is primarily driven by stable orders from overseas clients and growth in SIGG's overseas business [2] - The company maintains a competitive edge in the market, with a significant share compared to other brands [5] Technological Advancements - The company utilizes advanced production equipment, including vacuum brazing furnaces and laser welding machines, to enhance production capabilities [3] - The company is focused on R&D in key production technologies, such as hydraulic forming and intelligent polishing, to meet market demands [3] Industry Position - The global vacuum cup market reached 5.83 billion USD in 2017, with a compound annual growth rate of approximately 17% [5] - The average per capita ownership of vacuum cups in developed countries is about 0.68 units, while in Japan it is 1.43 units, and in China, it is 0.53 units [5] Strategic Initiatives - The company plans to implement a high-end cup convertible bond project to align with "Made in China 2025" and enhance production capabilities [7] - The project aims for an annual production capacity of 8 million high-end SIGG cups, utilizing advanced automated production equipment [7] Future Outlook - The company aims to become a leading competitor in the global vacuum cup industry over the next 5-10 years, with strategic plans to enhance product, industry, and brand upgrades [9] - The impact of the US-China trade war on the company is currently minimal, as vacuum cups are not subject to additional tariffs [9]