- Business
- Guangdong Haomei New Material Co., Ltd. (002988.SZ) researches, develops, manufactures and sells aluminum alloy profiles and related products in China. The company offers automotive lightweight materials, including anti-collision beams, battery trays, shock absorber brackets, power brackets, by-frames and motor housings; high-performance system doors and windows; aluminum alloy building profiles; and industrial aluminum and forging products such as machined round bars and extruded aluminum square tubes. Its products serve industries including transportation, electronic communications, infrastructure, woodworking machinery, high-end equipment, mechanical and electrical applications, with exports to over 100 countries, primarily Europe, Southeast Asia and other regions. Founded in 1991 and headquartered in Taiji Industrial City, Qingyuan High-tech Industrial Development Zone, Guangdong Province, China, the company operates a complete aluminum-based new material industry chain encompassing melting and casting, mold design and manufacturing, extrusion, surface treatments like anodizing and powder coating, and deep processing. In recent developments, Guangdong Haomei announced plans in 2025 to raise up to 1.9 billion yuan via share private placement to fund projects and replenish working capital; established a joint venture with Ling Yun Industrial Corporation in Morocco in early 2025 to produce new energy battery casings, body structural components and high-strength roll-formed parts for European and North African markets; and reported 2024 revenue of 6.672 billion yuan, up 11.46% year-over-year, with net income attributable to shareholders rising 15.50% to 0.209 billion yuan. The company also initiated a share buyback program in April 2025 valued between 150 million and 250 million yuan using internal funds and special loans.