On July 15, Hewang Electric released its performance forecast for the first half of 2025, during the reporting period, the company expects to achieve a net profit attributable to the parent company of 2.34-255 million yuan in the first half of the year, a year-on-year increase of 51%-65%; the net profit attributable to the parent company was 2.20-241 million yuan, a year-on-year increase of 35%-48%.
In a single quarter, it is expected to achieve a net profit attributable to the parent company of 1.29-150 million yuan in the second quarter of 2025, a year-on-year increase of 29%-50% and a month-on-month increase of 22%-42%; the net profit after deducting non-attributable to the parent company was 1.23-144 million yuan, a year-on-year increase of 33%-56% and a month-on-month increase of 27%-48%.
Hewang Electric said that the high increase in performance mainly benefited from the growth of new energy business in the first half of the year.
Hewang Electric is a high-tech enterprise dedicated to the fields of new energy, electric transmission and power supply, focusing on product research and development, production, sales and service. The company's main products cover wind power, photovoltaic, energy storage, hydrogen production, large-capacity power supply, power quality and electrical transmission solutions. Hewang Electric has strong independent research and development capabilities, with complete high-power power electronic devices, station-level control systems and Hewangyun intelligent operation and maintenance system development and testing platform. The company continues to create value for customers through continuous technological innovation and high-quality services, and has now become one of the most competitive electrical enterprises in the field of new energy and electrical transmission in China.
As a solution provider committed to becoming a world-class power conversion and control, Hewang Electric focuses on the field of power conversion and control, and relies on its R&D advantages to provide diversified product solutions for the development of clean energy such as wind power, photovoltaic, energy storage, and hydrogen energy, helping the country's green energy transformation and promoting the construction of new power systems.
At the same time, Hewang Electric also helps to realize the localization of frequency converter substitution through the engineering transmission business, solves the problem of key equipment technology bottlenecks in industrial industries such as metallurgy, petrochemical, mining machinery, and railway infrastructure, and provides "intelligent manufacturing" power drive for industrial heavy equipment, improves production efficiency, energy conservation and carbon reduction. By adopting the company's self-developed frequency converters, the production efficiency of related enterprises has been greatly improved, and at the same time, energy conservation and carbon reduction have been effectively realized, promoting the development of the industrial industry in a green and efficient direction.
On the basis of a powerful customized engineering wind power inverter platform, Hewang Electric has independently developed a variety of voltage and power levels of inverters, including HD8000 series medium voltage multi-level inverters, HD2000 series low-voltage engineering frequency converters, HV500 series low-voltage engineering single-transmission frequency converters, HV610 series special frequency converters for lifting, HV510 series low-voltage high-performance frequency converters, and HV350 series low-voltage general-purpose frequency converters. In addition, Hewang Electric also has oilfield-specific HEC series frequency converters, industry-customized special machines, etc., with a complete product series, covering 0.75kW~102MVA (single machine), which can be applied to metallurgy, petroleum and petrochemical, mining machinery, port lifting, distributed energy power generation, large-scale test and test platforms, marine equipment, textiles, chemicals, cement, municipal and other industrial applications.
In the metallurgical industry, Hewang Electric is the earliest manufacturer to replace imported medium and low voltage high-end frequency converters in batches, and is the first manufacturer in China to apply 12MW medium voltage three-level IGCT frequency converters to metallurgical high-line rolling mills, steel pipe rolling units and cold-rolled sheet finishing units. Hewang provides a full range of variable frequency transmission products for the metallurgical industry, including medium voltage AC orthogonal frequency conversion (IGCT), medium and low voltage AC orthogonal frequency conversion equipment, and provides a full range of main and auxiliary transmission products for plates, rods, wires, steel pipes, steel sections and other production lines.
In the petroleum and petrochemical industry, the company can provide transmission series products and solutions for key links and scenarios such as large-scale pipeline oil and gas transportation, refining, drilling, oil production, etc., and is the first manufacturer of medium-voltage five-level IGCT inverters in China to be used in oil and gas transportation and LNG industries, and the first low-voltage engineering inverters in China to be used in batches for 5000m/7000m/9000m/12000m/15000m oil drilling platform units.
Hewang Electric said that the company has a deep heritage in the field of transmission, with the existing high-voltage and high-power power electronic device application technology, synchronous generator control technology, grid-side converter control technology, three-level circuit PWM technology and other strong technical reserves, as well as a series of mature existing products as a solid foundation, with metallurgy, petroleum and petrochemical, mining, large-capacity test benches, ships and offshore engineering, lifting, papermaking as the main target industries, in-depth study of the process flow of customers in various industries, By launching cost-effective multi-drive system solutions, we have achieved rapid growth in the business scale in the transmission field. The company will further consolidate its leading edge in the field of medium voltage large transmission and low voltage engineering transmission. We will continue to increase investment in R&D and fully launch the next generation of general-purpose product series to meet the needs of a wider range of customer groups. At the same time, we will pay close attention to the development trends of emerging industries and new application scenarios, timely layout, launch adapted new technologies and new products, continuously expand the boundaries of transmission business, and create more business growth points for the company.