Haitaike’s performance growth advantage is evident, with strong growth potential; profits gain a new growth driver, and market share rises by over 30%.

【Answer 1】 By Jijiyen’s Xi Xiu; edited by Yang Qichao and Shi Feng In recent years, the overall technical level of the entire mold industry has been comprehensively upgraded. Downstream industries—especially the automotive sector—have increasingly emphasized “high quality, low cost, and short lead times” in new product development, design, and manufacturing, driving the mold industry toward larger-scale, more precise, more complex, and more economical and rapid development. Qingdao Haitaike Mould & Plastic Technology Co., Ltd. (hereinafter referred to as “Haitaike”), whose market share rose by over 34% in 2020, responded proactively to this trend. In its latest financing plan, Haitaike intends to raise RMB 302.3966 million and RMB 57.2566 million, respectively, for the “Digitalization Project for Large-Scale Precision Injection Molds” and the “R&D Center Construction Project”, aiming to strengthen its core competitiveness and further consolidate its leading position within the industry. Behind these developments, Haitaike’s financial performance has continued to improve steadily in recent years, demonstrating clear advantages over peers and robust growth potential. Notably, Haitaike not only generated new revenue from melt-blown fabric mold production to support pandemic response efforts but also established a subsidiary in Thailand to supply automotive injection molds and corresponding plastic auto components to customers—early signs indicate that this initiative is successfully cultivating a new profit growth driver. Moreover, leveraging its technological R&D capabilities and advanced manufacturing processes, Haitaike has built outstanding expertise in injection mold manufacturing. Its high-quality products have earned broad recognition from both domestic and international clients, and its backlog of orders has already surpassed RMB 500 million—boding well for further performance growth ahead. I. Sustained Performance Growth and Strengthened Profitability: Clear Industry Advantages and Strong Growth Potential In recent years, Haitaike’s operational scale has continuously expanded, its operating performance has consistently improved, and its profitability has steadily strengthened. According to East Money Choice data, Haitaike’s operating revenues were RMB 222 million, RMB 272 million, RMB 342 million, and RMB 456 million in 2017–2020, representing year-on-year growth rates of 22.73%, 25.71%, and 33.23% in 2018–2020, respectively. During the same period, Haitaike’s net profits amounted to RMB 25.3446 million, RMB 22.9072 million, RMB 54.1835 million, and RMB 68.3709 million, with year-on-year growth rates of −9.62%, 136.53%, and 26.18% in 2018–2020, respectively. A comparison with peer companies reveals that Haitaike’s performance growth is stable and clearly superior, indicating strong growth potential. On one hand, Haitaike’s year-on-year revenue growth rate is markedly stable and outstanding relative to peers. Per East Money Choice data, the year-on-year revenue growth rates of peer companies—Yinbaoshanxin, Dongjiang Group Holdings, and Ningbo Fangzheng—were as follows in 2018–2020: • Yinbaoshanxin: 3.62%, −7.67%, 16.66%; • Dongjiang Group Holdings: 23.52%, 0.53%, −12.01%; • Ningbo Fangzheng: 16.76%, 13.41%, 3.91%. Thus, the average year-on-year revenue growth rates across these three peer companies were 14.63%, 2.09%, and 2.85% in 2018–2020, respectively. On the other hand, while peer companies experienced negative net profit growth in 2019–2020—a challenging situation—Haitaike maintained positive net profit growth for two consecutive years.

Central Huijin takes control of Yinbao Shanxin; building on its foundation in precision molds, the company advances into the new semiconductor equipment sector!

【Answer 2】 Shenzhen Yinbao Shanxin Technology Co., Ltd. (stock code: 002786), founded on October 2, 2000, was listed on the Shenzhen Stock Exchange on December 23, 2015. Its ultimate controlling shareholder is China Central Huijin Investment Co., Ltd. The company is a high-tech advanced manufacturing enterprise centered on large-scale, precision molds, integrating cutting-edge end-to-end process capabilities and innovative industrial design—and serves as the Chair Unit of the China Mould Industry Association. Grounded in precision mold manufacturing, the company pursues synergistic development across three core business segments: (1) Automotive precision molds and lightweight structural components constitute its foundational core business, serving both new-energy and traditional automakers with interior/exterior trim parts and electronic control enclosures; (2) Precision structural components for communications and consumer electronics; and (3) Semiconductor back-end packaging and testing equipment—developing wire bonders, die bonders, and other equipment, complemented by high-end precision components. Its fundamental strength lies in precision mold R&D and manufacturing, which extends organically into precision structural components, parts, and integrated equipment solutions—conferring distinct competitive advantages: 1. End-to-end integrated manufacturing capability: From mold design and development, mold-based plastic molding, metal die-casting/CNC machining, to automated assembly and full-system integration, the company delivers closed-loop services covering mold R&D, molding processing, and system-level integration. It masters multiple precision composite molding technologies and stands as a benchmark enterprise for large-scale, precision plastic molds in China. 2. Cross-industry reusability of precision manufacturing processes: Its high-precision, high-stability processes developed for large automotive molds are readily transferable to manufacturing structural components for communications infrastructure and semiconductor equipment—meeting stringent requirements for reliability, precision, and stability, where it leads the industry.

Core Molding Technologies Secures $89 Million in Incremental Annual Revenue

Sep 28, 2026

Core Molding Technologies announced $89 million in incremental annual revenue over 18 months, with total annual awards reaching $142 million. The company forecasts flat to 5% sales growth in 2026 and targets $500 million revenue by 2030.

Stock Titan

2026-06-08

Core Molding Technologies outlines $150M Volvo deal and Mexico expansion

2026-09-28

Core Molding Technologies Secures $89 Million in Incremental Annual Revenue

Core Molding Technologies Secures $89 Million in Incremental Annual Revenue

FAQ