The domestic tire industry as a whole is recovering, and tire mold orders are growing rapidly.

March 21,2024

Recently, Shandong Haomai Machinery Technology Co., Ltd. released the 2023 annual performance report.

Data show that in 2023, Homag Technology achieved operating income of 7.166 billion yuan, an increase of 7.88% year-on-year (the same below); Net profit attributable to shareholders of listed companies was 1.612 billion yuan, an increase of 34.33%; Total assets of 9.914 billion yuan, an increase of 15.38%; The net assets attributable to shareholders of listed companies were 8.613 billion yuan, an increase of 17.38%, and the asset-liability ratio was 13.06%, indicating a good financial position.

Among them, the tire mold business achieved operating income of 3.79 billion yuan, an increase of 15.76%, accounting for 52.89% of the total revenue, and the gross margin of 43.06%, an increase of 5.02 percentage points.

According to reports, during the reporting period, the global tire industry was generally in good condition. The domestic tire industry as a whole has recovered, and China's tire production and export volume have achieved significant growth.

Technology is outstanding, the year-on-year growth rate is fast, coupled with the continuous growth of overseas order demand for tire mold, the tire mold business order performance is excellent, and the operating income is a year of rapid growth in recent years.

At the same time, the reduction of raw material costs and the improvement of efficiency and other factors, the gross profit margin of the company's tire mold business has increased.

It is understood that Homag Technology continues to promote the international production capacity layout, and carries out the expansion of the tire mold project in Thailand and puts it into use in October 2023. In addition, it started the construction of a factory in Mexico and set up a service organization in Cambodia, enriching the global production service system and enabling it to more conveniently serve customers in close proximity.

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