The board of directors of Zhejiang Haili Co., Ltd. issued an announcement on April 9, stating that on March 29, 2024, Zhejiang Haili Co., Ltd. and Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. signed the "Zhejiang Haili Co., Ltd. and Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd.'s Counseling Agreement on the Public Issuance of Stocks to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange", the counseling agency is the underwriting and sponsoring company for Shenwan Hongyuan.
On April 8, 2024, the company submitted application materials to the Zhejiang Supervision Bureau of the China Securities Regulatory Commission for the public issuance of stocks to unspecified qualified investors and listing guidance on the Beijing Stock Exchange. The guidance agency was the underwriter and sponsor for Shenwan Hongyuan.
It is understood that the company is a high-tech enterprise mainly engaged in the research and development, production and sales of transmission line tower fasteners. Through independent research and development innovation and the accumulation of production and sales service experience, it has achieved great success in brand awareness, product category completeness, sales market coverage, It ranks at the forefront of the development of the power fastener industry in terms of R&D capabilities and technical level.
At present, the company has more than 30 valid patents, has led or participated in the drafting of nearly 40 national standards and industry standards, and actively cooperates with universities and scientific research institutes, establishing a provincial fastener and intelligent technology research institute, a provincial high-tech Technology enterprise R&D center, doctoral workstation, etc. In 2022, the company was rated as a national-level specialized and new "little giant" enterprise by the Ministry of Industry and Information Technology.
With the rapid development of my country's machinery industry, automobile industry and other industries, the demand and production of fasteners have been driven, and the scale of my country's fastener industry continues to expand. According to predictions, the global car ownership will reach 1.65 billion vehicles by 2025, and my country's car ownership will reach 340 million vehicles. There is still room for growth. Driven by the demand from downstream industries, the fastener industry also has broad room for development.
In terms of output, my country has become the world's largest fastener producer. In 2022, the size of my country's high-end fastener market has reached 72.445 billion yuan. According to preliminary statistics from industry associations, high-end products in my country's fastener industry account for about 10%, mid-range products account for about 50%, and low-end products account for about 40%. As the overall capabilities of the domestic fastener manufacturing industry improve, my country's fastener manufacturers are expanding into the mid-to-high-end product market, and the substitution effect of domestically produced high-end fastener products continues to deepen.
Although my country's fastener industry as a whole started late, it has developed rapidly in recent years and has become an advantageous industry with a trade surplus driven by enterprises in the industry. According to statistics, my country's fastener exports will reach 4.979 million tons in 2022, a year-on-year increase of 1.4%; the export value will reach 13.65 billion US dollars, a year-on-year increase of 17.8%, and the unit price and export volume will rise simultaneously. In addition, according to estimates, with the steady growth of newly installed wind power capacity around the world, the market demand for embedded thread sleeves, complete machine bolts, and anchor component fasteners is expected to reach 7.93 million embedded screw sleeves and 60.32 million complete machine bolts in 2025. There are only 28,723 sets of anchor bolt components, and the market demand is stable.
In terms of performance, according to the company's disclosed 2023 annual report, the company achieved double growth in revenue and net profit. According to the 2023 annual report, the company achieved operating income of 384.0 million yuan in 2023, a year-on-year increase of 18.43%, and a net profit of 32.45 million yuan, a year-on-year increase of 95.88%.
