Benefited from the weak recovery of the domestic heavy truck industry since the end of 2012, Hingmin Steel's in-hand orders have improved since the first quarter. On March 13, at the company's 2012 annual shareholder meeting, the reporter learned that the company will rely mainly on capacity release and increase market share to gain economies of scale this year.
In the first quarter of 2012, due to the slowdown in the growth of the auto market, the company's net profit fell by 13% year-on-year. In 2013, the company's market research and on-hand order volume showed that the commercial vehicle market showed signs of recovery in the first quarter. The company's customers generally formulate order master plans at the beginning of the year, and the specific supply quantity is directly placed on the order according to the monthly supply plan. At present, the company's main customers are several major domestic OEMs. With the advent of the commercial vehicle sales season in March-May, downstream customers have the need to expand production and make up stocks.
In 2013, the company formulated the goal of producing 13 million steel wheels and achieving a business revenue of 1.5 billion yuan. The recovery of the downstream industries and the release of company production capacity laid the foundation for the realization of this goal. The company is currently the largest domestic steel ring manufacturing enterprise. With the gradual release of production capacity after the completion of Tangshan Subsidiary and the gradual commencement of production of Xianning Subsidiary in 2014, the company’s transportation costs to customers in the surrounding areas will be greatly reduced, and the gross profit margin will increase. space.
In 2013, the company will continue to overweight overseas markets, of which the proportion of overseas income is expected to reach more than 30%. Currently mainly exported to the United States, Russia and Brazil. In the expansion of major customers, the company is expected to expand its market share through expansion.
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