Huawu Stock: Organized an on-site visit on March 9th, with participation from multiple institutions including Guangfa Securities and Yongxing Securities

Securities Star News: On March 10, 2026, Huawu Co., Ltd. (300095) announced that the company organized an on-site visit activity on March 9, 2026, with participation from GF Securities, Yongxing Securities, and Guojin Securities.

Details are as follows:

Q: Visit to the factory

A: Section Three, Question

1. What is the current development status and outlook of the company’s port crane machinery business?

Port crane machinery is a traditional advantage segment of the company and its core business. The products are widely used in various port machinery worldwide, with strong customer loyalty, stable revenue growth, and high gross profit margins that demonstrate strong cyclical resilience.

Currently, global ports are rapidly advancing toward intelligent and digital development, with continuous deepening of smart port construction. The company actively follows industry trends, promotes product iteration and upgrades, and has independently developed the HDB series new type of arm disk brake system equipped with BMS brake monitoring system, as well as the “Huawu Smart Cloud Platform” based on 5G technology, enabling real-time monitoring and remote management of product operation conditions, significantly enhancing product added value.

In overseas markets, through deep cooperation with main equipment manufacturers like Zhenhua Heavy Industries, the company is jointly building overseas after-sales service systems and actively expanding direct sales with overseas OEMs. In the future, the company will continue to optimize overseas market teams, accelerate the construction of the Swiss subsidiary, and enhance the international influence of the “Huawu” and “Fuerka” brands. Overseas business is expected to become a new growth point.

2. Can you provide a detailed update on the progress of the mine truck brake business, especially the market prospects for wet multi-plate brakes?

The mine truck brake business is a core growth engine the company plans to develop intensively over the next few years, with broad market potential.

Firstly, industry trends are clear, and technological upgrades are accelerating. As mine trucks develop toward larger tonnage and mine safety supervision becomes stricter, traditional dry brakes are increasingly prone to heat decay and fire risks under high loads. Wet multi-plate brakes, with their enclosed oil cooling and stable braking performance, high safety, and other advantages, are becoming the inevitable choice for large-tonnage mine trucks and underground explosion-proof vehicles. Currently, the penetration rate of wet brakes remains low, leaving significant room for growth.

Secondly, the competitive landscape favors the company. Domestic specialized companies in mine truck brakes are relatively small, whereas the company has clear advantages in technology, capacity, brand reputation, and risk resistance. Particularly in the field of wet multi-plate brakes, the company’s years of technical accumulation have successfully addressed stability issues under high loads, making it one of the few domestic suppliers capable of mass supply.

Thirdly, significant progress has been made, and customer breakthroughs are smooth. The company’s products have entered the supply systems of leading domestic mine truck OEMs, and recent bulk orders have been secured, marking a good start. To meet the rapidly growing market demand, the company has launched the “Annual Production of 10,000 Mine Truck Brake Sets” project, leveraging the capacity synergy of its own casting plant to prepare for large-scale volume releases.

Finally, the aftermarket has promising prospects, opening long-term growth space. Friction materials and sealing materials for mine truck brakes are key safety components and consumables with relatively short life cycles. As early sales mine trucks enter the scrapping and replacement cycle, and the existing market stock continues to grow, maintenance and replacement demand in the aftermarket will increase rapidly.

3. Besides the mine truck sector, what other layouts does the company have in the brake markets for mining equipment?

The company aims to quickly improve its product matrix for mining equipment brakes, providing comprehensive braking solutions for various mining machinery. In addition to mining trucks, our products can also be applied to mine hoists, large and medium belt conveyors, cable cars, underground shovels, and other equipment. As the demand for mining automation and safety increases, this market space is also worth looking forward to. The company is currently focusing on developing the mining equipment brake market.

4. What progress has the company made in the emerging field of oilfield equipment brakes?

Oilfield drilling equipment operates under extremely harsh conditions, requiring near-absolute safety and reliability of braking systems. This aligns highly with the company’s technical strengths and is a key medium- to long-term growth point based on the principle of technical homology. The company has begun small batch or validation supply to industry OEMs. Entry barriers for oilfield equipment brakes are high, requiring relevant certifications. The company is currently in the certification process, laying a solid foundation for subsequent bulk supply and business expansion in the global oilfield equipment sector.

5. What is the current situation and future outlook for the wind power brake business?

Wind power brakes are another important business segment for the company. After intense price competition in the industry, the industry ecosystem is gradually recovering, and the gross profit margin of wind power brake products has stabilized and increased. The company’s technological advantages remain, and products are compatible with various onshore and offshore models, maintaining good cooperation with domestic OEMs.

Additionally, as the wind turbines installed earlier reach service years, the demand for maintenance and replacement in the wind power aftermarket is gradually releasing. Compared to the upstream market, the aftermarket has higher profit margins, and it is expected to become a growth driver for the wind power segment.

Huawu Co., Ltd. (300095) main business: engaged in the research, design, manufacturing, and sales of industrial brakes and their control systems. Brakes are transmission components that stop or decelerate moving parts in machinery. Industrial brakes are mainly key supporting components used in hoisting and conveying machinery, metallurgical equipment, ships and offshore heavy industries, new energy, and other manufacturing sectors.

According to the Q3 2025 report, the company’s main business revenue for the first three quarters was 994 million yuan, up 16.55% year-over-year; net profit attributable to shareholders was 41.21 million yuan, up 70.84%; non-recurring net profit was 37.13 million yuan, up 116.52%. In Q3 2025 alone, the quarterly revenue was 368 million yuan, up 24.34%; net profit attributable to shareholders was 24.32 million yuan, up 4202.15%; non-recurring net profit was 22.36 million yuan, up 993.5%. The debt ratio was 45.48%, investment income was 2.17 million yuan, financial expenses were 18.60 million yuan, and gross profit margin was 23.9%.

The above information is compiled from public sources by Securities Star, generated by AI algorithms (NetTrust Code 310104345710301240019), and does not constitute investment advice.