Henghe Mould(SZ:300539)2022-12-06 02:52Group 1: Company Overview - The main products of the company are injection molding products, providing a one-stop service from product design to mold manufacturing and assembly [1] - The company has established a complete injection molding technology system through long-term technical accumulation [1] Group 2: Industry Competition and Market Position - The top ten companies in China's plastic parts industry hold only 5% of the market share, indicating low industry concentration [2] - The company has gradually grown into a leader in the home appliance mold industry due to its strong technology and good reputation [2] Group 3: Customer Concentration and Risks - The revenue from the top five customers accounted for over 80% of the company's total revenue in 2013, 2014, 2015, and 2016, indicating a high level of customer concentration risk [2] - The company emphasizes maintaining relationships with major customers and cultivating new ones to mitigate risks associated with customer concentration [2] Group 4: Financial Performance - In Q1 2017, the company's revenue increased by 23.42% year-on-year, and total profit grew by 34.78% [3] - The growth in performance is attributed to market expansion, quality assurance, and customer service efforts [3] Group 5: Market Expansion Strategy - The company is focusing on the automotive parts market, which is seen as having significant growth potential [3] - Expanding into the automotive parts market aligns with the company's strategic plan to increase market share and enhance core competitiveness [3]