On March 18, Himile Mechanical Science and Technology (Shandong) Co.,Ltd. released its 2024 financial report.
Data shows that in 2024, Himile's operating income was 8.813 billion yuan, a year-on-year (the same below) increase of 22.99%; the net profit attributable to shareholders of the listed company was 2.011 billion yuan, an increase of 24.77%.
These two core financial indicators have hit record highs, demonstrating the company's good operating results. The three major business segments of tire molds, large-scale parts machinery products, and machine tool products are progressing in parallel, with full orders and product production lines running at full capacity.
Among them, the tire mold business achieved operating income of 4.651 billion yuan, an increase of 22.73%; the gross profit margin was 39.59%, a decrease of 3.1 percentage points.
It is reported that in 2024, Himile continued to optimize and innovate its processes, independently developed and updated proprietary mold manufacturing equipment, and continued to transform production lines to assist in automation upgrades, thereby improving production efficiency and competitive advantages while ensuring continued stability in product quality.
The company continues to promote international capacity construction. After the Thailand factory was expanded and put into operation in October 2023, its production capacity continued to increase; the Mexican factory officially opened and put into production operation in April 2024, enriching the global production service system.
During the reporting period, Himile's tire mold business had sufficient orders, with domestic sales growing faster than exports. Due to factors such as changes in product structure such as domestic and foreign sales, an increase in the number of employees and salary increases, the gross profit margin of the tire mold business has declined.
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