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Guangdong Hongtu Technology (002101.SZ): Currently, four large-scale die-casting equipment are in production for mass-produced project products.
On August 13th, Guandong Hongtu (002101.SZ) announced that this year's focus on overall sales is still on some independent brands of car companies such as BYD and Chery. With regard to integrated die-casting, we currently have four super large die-casting equipment in production for mass-produced project products, corresponding to four vehicle models; At the same time, there are new products and customers in the designated stage, and the production capacity utilization rate of the Guangzhou plant has reached 80%, almost full load. The company has cooperated with the leading new energy vehicle companies, and is also docking with leading car companies in North America overseas. Currently, there are layouts related to new energy vehicles both domestically and overseas.
Guangdong Hongtu Technology (002101.SZ): Last year, the revenue from the business of new energy vehicle models in the company's die-casting sector accounted for approximately 25%.
Guangdong Hongtu Technology (002101.SZ) announced that the business revenue of its new energy vehicle models in the company's die-casting sector accounted for about 25% of the total last year, and the company's target for this year is to exceed 30%, with the total goal of both sectors to exceed 50% by 2025. Currently, there are indeed many new energy vehicle companies and brands in the market. In terms of market planning, the company generally selects or binds some customers based on their development prospects, and focuses on targeted product development or focuses on certain products. In addition to new energy vehicle models from new brands, new energy vehicle models from independent brands are also our key focus.
Guangdong Hongtu Technology (002101.SZ): Export business accounts for about 20% of the total revenue.
Guangdong Hongtu Technology (002101.SZ) announced on August 13th that its export business accounts for about 20% of its overall revenue, with business revenue from North America accounting for about 90% of its export business. Among the top five customers of the company, General Motors includes both domestic and international business.
Guangdong Hongtu (002101.SZ): the goal of setting up factories overseas is to cover the three major North American car plants and international auto parts groups.
Guangdong Hongtu Technology (002101.SZ) announced on August 13th that the goal of overseas factories is to cover the three major auto manufacturers in North America and international auto parts groups. The company will consider transferring relevant orders based on the progress of overseas factories. If successful, some export products will be transferred to overseas production. The two business sectors of the company will conduct research and demonstration on overseas capacity layout, and the way to go global will also consider various methods such as building factories and acquisitions.
Guangdong Hongtu Technology (002101.SZ): Most of the large-scale die-casting machines have already been fixed.
Guangdong Hongtu Technology (002101.SZ) announced that most of the large die-casting machines have been fixed. The Tianjin factory started production in March this year, and production capacity is expected to gradually increase in the second half of the year. After the completion of the first phase of Tianjin Huabei, the expected annual revenue is expected to exceed CNY 0.5 billion. The main engineering and construction of Jinli Phase II is expected to be completed by the end of this year; some equipment investments for Phase II in Wuhan were launched last year and are now in production.
Guangdong Hongtu Technology (002101.SZ): Currently, the main customer corresponding to the Tianjin factory is FAW Toyota.
Guangdong Hongtu Technology (002101.SZ) accepted a specific survey on July 30, 2024, and responded to the question "Which clients is the Tianjin factory currently engaging with?" The company replied that the Tianjin factory mainly corresponds to clients such as FAW Toyota, as well as other clients in the northern region such as BAIC and Geely.
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