Himile Science And Technology(002595)2025-03-26 09:08Group 1: Financial Performance - In 2024, the tire mold business achieved revenue of 4.651 billion CNY, a year-on-year increase of 22.73%, with a gross margin of 39.59%, down by 3.10 percentage points [2] - The large component machinery products generated revenue of 3.332 billion CNY in 2024, reflecting a growth of 20.31% [2] - The machine tool business reported revenue of 399 million CNY, marking a significant increase of 29.30% year-on-year [3] Group 2: Business Operations - The company’s high-end casting project, with a capacity of 65,000 tons, is expected to commence production around May or June 2025, focusing on wind power components and machine tool parts [3] - The company has established a global production service system with subsidiaries in the USA, Thailand, Hungary, India, Brazil, Vietnam, Mexico, and Cambodia, enhancing its risk resistance and service capabilities [4][5] Group 3: Product Development and Market Strategy - The electric heating vulcanizing machine has shown significant advantages over traditional methods and is expected to have good development potential both domestically and internationally [4] - The company employs a systematic pricing mechanism for tire molds, considering various factors such as specifications, processing difficulty, and order cycles [4] - The machine tool business plans to adopt a combination of direct sales and distribution channels, with a current focus on direct sales [5] Group 4: Future Outlook - The global demand for gas turbines is expected to remain strong in the coming years, with the company currently operating at full capacity [3] - There are no current plans for mergers or asset injections, but any future arrangements will be disclosed as per regulations [5]