Guangdong Hongda (002683) 搜狐财经·2025-04-22 23:50Core Viewpoint - Guangdong Hongda aims for dual growth in revenue and profit in 2024, focusing on "stabilizing growth, improving efficiency, and controlling risks" while promoting the synergistic development of three major business segments [1][3] Group 1: Business Segments - The mining service business is projected to generate revenue of 10.811 billion yuan in 2024, accounting for 79.19% of total revenue, marking the first time it surpasses the 10 billion yuan threshold [3] - The overseas revenue of the mining service business has experienced a compound annual growth rate of 76.66% over the past five years, with projects in countries along the "Belt and Road" initiative, including Pakistan, Serbia, and the Democratic Republic of the Congo [3] - The civil explosives segment is expected to achieve revenue of 2.309 billion yuan in 2024, with a gross margin of 36.5%, and has expanded its presence in regions such as South China, North China, Northeast China, Northwest China, Central Asia, Southeast Asia, Africa, and South America [3] Group 2: Strategic Initiatives - The company is actively pursuing mergers and acquisitions in the civil explosives industry to enhance production capacity, successfully acquiring companies like Yangsheng Chemical, Shengshi Putian, and Xuefeng Technology [3] - The defense equipment segment is projected to reach revenue of 350 million yuan in 2024, reflecting a year-on-year growth of 47.74%, with a focus on both traditional and high-end technology equipment [4] - The company is enhancing its missile support system through a stake in Beijing Hongda Tianli Technology and increasing its shareholding in Guangdong Province's military-industrial group to build a new combat force research and development platform [4]