Honglu Steel Structure Engages in Research with Multiple Institutions Including Huachuang Securities and Huaxia Fund

Honglu Steel Structure announced on March 8, 2026, that several institutions, including Huachuang Securities and Huaxia Fund, conducted a research visit to the company on March 6, 2026. The details of the discussion are as follows:

Question: Has there been any new progress in the application of the company’s intelligent manufacturing technology for steel structures?

Answer: The company has been actively promoting intelligent upgrades. In recent years, we have developed or introduced advanced equipment, including intelligent high-power flat laser cutting machines, intelligent three-dimensional five-axis laser cutting machines, intelligent secondary processing lines for steel profiles, BOX production lines, intelligent welding production lines for stairs and embedded parts, polyurethane production lines, intelligent box-type production lines, industrial welding robots, portable lightweight welding robots, eight-machine intelligent welding robot workstations, box column welding robots, Honglu rivet master inspection robots, and intelligent spraying production lines.

Question: How many self-developed welding robots and Honglu rivet master inspection robots are in use, and how much cost reduction have they achieved? Have they been sold externally?

Answer: 1. Our various self-developed and integrated “welding robot workstations” are widely used across our bases, with approximately 3,000 units deployed in our ten major production bases; 2. The self-developed “Honglu rivet master inspection robot” with laser software can complete operations on six types of components (H-beams, square tubes, box beams, angle steel, channel steel, and I-beams), and has been gradually put into use in our production bases; 3. The application of welding robots and rivet master robots can enhance our production capacity and improve product quality, but current cost reductions are still limited; 4. We have started external sales, but the volume is currently low.

Question: What benefits does the intelligent upgrade bring, and how long will it take to reflect in operational data?

Answer: We have been continuously enhancing our level of intelligent manufacturing. Although the short-term benefits of intelligent manufacturing are not obvious, in the long run, it can significantly improve product quality and lower production costs.

Question: What are the company’s plans for production capacity expansion in 2026?

Answer: We have ten production bases under construction or already completed. By 2025, our capacity for steel structure products is expected to reach 5.2 million tons. Currently, we are focused on optimizing management in every segment to enhance our core competitiveness.

Question: After the adjustment of the convertible bond conversion price, what is the status of conversions, and what measures is the company taking?

Answer: The company has adjusted the conversion price of its convertible bonds based on current fundamentals, macroeconomic conditions, and stock price trends. Going forward, we will strengthen our operational management, enhance profitability, expand financing channels, and improve our debt repayment and risk resistance capabilities. Please continue to follow our announcements.

Question: Given the current abundance of orders, are there any considerations for pricing?

Answer: Our product pricing method is based on “material cost + processing fee,” and we price each order according to its specific conditions. We are currently more focused on improving product quality and project service fulfillment to enhance customer satisfaction.

Question: How has the company’s performance been in the first quarter?

Answer: Our production and operations are normal, and we have a sufficient order backlog. Please continue to follow our announcements.

Honglu Steel Structure (002541) primarily engages in the manufacturing of prefabricated steel structures and their supporting products, along with a small volume of steel structure engineering services. According to the company’s third-quarter report for 2025, the main revenue for the first three quarters was 15.917 billion yuan, reflecting a slight year-on-year increase of 0.19%. The net profit attributable to shareholders was 496 million yuan, a decrease of 24.29% compared to the previous year; while the net profit excluding non-recurring gains and losses was 359 million yuan, which represents a year-on-year increase of 0.78%. In the third quarter of 2025, the company reported a single-quarter main revenue of 5.367 billion yuan, a year-on-year decrease of 3.5%, and a net profit attributable to shareholders of 208 million yuan, down 8.51%. The company’s debt ratio stands at 64.65%, with investment income reported at -23.1557 million yuan and financial expenses at 262 million yuan, leading to a gross profit margin of 10.42%. In the past 90 days, seven institutions provided ratings for the stock, all recommending a buy, with a target average price of 23.65 yuan.

Recent financing and securities lending data show a net outflow of 44.9646 million yuan in financing over the last three months, while the financing balance has decreased. Conversely, there has been a net inflow of 1.3107 million yuan in securities lending, with the balance increasing.

The above content has been compiled by Securities Star based on publicly available information and generated by AI algorithms. It does not constitute investment advice.