With the vigorous development of new quality productivity, how can Guangdong state-owned enterprises go to "new?

The first listed domestic die-casting enterprise, the first enterprise to develop 2000 tons of magnesium alloy die-casting equipment, the first enterprise to introduce 3500 tons of large die-casting equipment, the first enterprise to jointly develop and equip the world's largest tonnage 12000 tons and 16000 tons of super-large intelligent die-casting units, and the enterprise to successfully land the first national enterprise technology center in the national die-casting industry ...... As a provincial listed state-owned enterprise, guangdong Hongtu resolutely implements the strategic plan of "horizontally bigger and vertically stronger" of the parent company Yueke Financial Group, and walks on "two legs" with financial "living water" and technological advantages, and has embarked on a unique road of development.

Do a good job as a family: strong technical advantages to consolidate "housekeeping skills"

In recent years, Guangdong Hongtu has been leading the average level of high-tech enterprises in the province with a 4.2 per cent investment in scientific research, taking the advantage of technological innovation as a "housekeeping skill".

Up to now, Guangdong Hongtu has more than 500 valid authorized patents, more than 100 invention patents, participated in the revision of 25 industry standards, and won 19 science and technology awards at or above the provincial and ministerial level. Among them, there are more than 20 patents authorized for integrated die casting technology alone, and the self-developed heat treatment-free materials are two years ahead of the global industry in applying for invention patents, which plays a strong supporting role in overcoming the problems of super-large integrated die casting product design, new material development, process design, equipment manufacturing and other problems. In addition, Guangdong Hongtu large-scale integrated die-cast body structure successfully offline, marking the key core technology to achieve domestic independent control, highlighting the strength of Guangdong Hongtu as a leading enterprise in the industry. Last year, Guangdong Hongtu was selected into the list of "science and technology reform enterprises" of the State Council, and set up a national enterprise technology center, which is the first national enterprise technology center in the die casting industry in China.

In addition, in terms of die-casting equipment, Guangdong Hongtu has successively introduced a series of advanced production equipment and technologies at home and abroad in production bases in Guangdong Province such as Zhaoqing and Guangzhou. In the layout of super-large integrated die casting equipment, a number of super-large intelligent die casting units have been introduced, with a tonnage of 6800 to 16000 tons, of which 16000 tons of super-large intelligent die casting units are currently equipped with the largest tonnage in the world, leading the second generation of international advanced level. It can realize unmanned, digital and automatic control production of super-large integrated die casting products and is a national weapon to boost China's manufacturing 2025.

To introduce "living water": to use the capital market to empower high-quality development.

In 2023, Guangdong Hongtu made full use of the capital market as an important platform to complete the issuance and listing of shares to specific targets. Through the issuance of 0.133 billion new shares, it successfully raised 2.2 billion yuan in full to deploy the new energy vehicle business and global customers. Capacity expansion accelerates the transformation and application of scientific and technological achievements such as super-large integrated die casting technology, and injects strong momentum into the realization of high-quality development.

This is one of the largest refinancing projects raised by state-owned enterprises in Guangdong Province in recent years. It is also the first batch of projects to pass the refinancing review after the-share full registration system. It also refreshes the single time since Guangdong Hongtu was listed in 2006. The highest financing scale record. Through capital market refinancing, Guangdong Hongtu further invests in more advanced production equipment, more complex technology research and development and broader market layout, further improving the company's production capacity and market response speed to meet the growing market demand.

Based on the foundation of the automobile manufacturing industry in the Pearl River Delta region, the fund-raising project will help build the production capacity and upgrade the technical system of lightweight automobile parts through capital operation. Guangdong Hongtu Science and Technology Park, one of the key projects of this fundraising, was completed and put into production at the end of this year. It will be the largest single die-casting park in South China. It is expected that after all projects reach production, Guangdong Hongtu's die casting production will increase from 110000 tons/year to 160000 tons/year. This will further promote the company's strategic layout in the new energy automobile industry, help to provide new energy automobile enterprises with products with higher scientific and technological content and better performance and quality, further strengthen the supporting system capacity of key parts, improve the influence of independent brands, and implement the "strong chain, complementary chain" project of Guangdong automobile manufacturing industry chain.

In addition, Guangdong Hongtu has introduced more types of investment institutions through private placement, and has also allowed more capital market investors to share the company's growth dividends. Guangdong Hongtu has thoroughly implemented the State Council's "Several Opinions on Strengthening Supervision and Preventing Risks to Promote High-quality Development of Capital Markets" The spirit of the document improves the level of investor returns. In 2024, Guangdong Hongtu intends to pay a cash dividend of 0.213 billion yuan to all shareholders, accounting for more than 50% of the net profit of the year.

Qixin: Developing New Quality Productivity with "Hard Power" of Scientific and Technological Innovation

With the advantages of cost, weight loss, product life cycle carbon emissions and safety performance, aluminum alloy has become the most widely used and fastest penetration of automotive lightweight materials. With the rapid growth of China's new energy vehicle production and sales, the amount of aluminum used in a single vehicle will continue to increase, it is expected that the domestic automotive aluminum alloy die casting market demand in 2025 in 3.36 million tons to 5.51 million tons, aluminum alloy die casting market demand is broad.

In order to seize a new round of market opportunities, Guangdong Hongtu has increased its R & D investment in technological innovation, developed new quality productivity, and further strengthened its industry leading advantage.

In addition to capacity expansion, the funds raised in 2023 will also be used for the upgrading and construction project of Guangdong Hongtu Enterprise Technology Center, continuously explore the trend of industrial change, organize multi-path exploration and cross-integration of cutting-edge technologies, and create a scientific and technological innovation system with coordinated development. Promote the deep integration of artificial intelligence, big data and other technologies with the whole manufacturing process and all factors to build a digital factory. In addition, this year, the world's largest integrated die-casting auto parts will be mass-produced in Hongtu's Guangzhou factory in Guangdong, continuing to lead the industry. With the coordination of the company's interior and exterior decoration business, the market leading advantage of "every three vehicles in China must be equipped with Hongtu products" will be further expanded.

Relying on R & D strength, leading advantages and forward-looking strategic layout, Guangdong Hongtu's development map is extending to strategic emerging industries such as low-altitude flight and commercial aerospace.