Why the Output Value increases despite the output remaining the same

https://m-huangshifb.cjyun.org/p/370548.html

Here is an interview video in April. 2024 from Huangshi People's Government to our CEO Shiwang Zhan.

"In the first quarter of this year, Tool Steel output was tough the same as last year, but the output value increased by over 30%. It is expected that the total output value this year will reach 1 billion CNY," said Shiwang Zhan, CEO of Hongxin Mold Tech. He explained that the reason to the increased output value lies in adjusting its product structure.

Previously, the gross profit margin of the Raw Material of Tool Steel produced by Hongxin Mold Tech was below 10%. By extending the downstream industrial chain and deep processing the products, they began producing finished Tool Steel and higher-end mold steel alloy modules, which increased product profit margins by more than 20%.

"This year, we increased the share of high-value-added production, such as finished mold steel and alloy modules, by 50%, and these high-end products have been well received by downstream manufacturers," said Shiwang Zhan. "By extending the downstream industrial chain and providing customized services to manufacturers, our products meet specific demands in terms of size and alloy composition, helping downstream companies reduce processing costs, increase product profits, and expand their market."

Hongxin Mold Tech invested 100 million yuan to introduce an 850 rolling mill, which can produce various Tool Steel with thicknesses ranging from 5mm to 80mm, diameters from 50mm to 500mm, and widths from 200mm to 810mm. This means the company can produce molds from smartphone cameras to automotive parts. Due to their complete range of specifications, Hongxin Mold Tech has won orders from well-known companies like BYD and Midea.

Today, Hongxin Mold Tech has grown into the most comprehensive Tool Steel manufacturer in terms of inventory, specifications, and models in Central China, with sales outlets in domestic and foreign markets. Its products are exported to over 20 countries and regions, including Europ, the USA, and Asia, bringing Huangshi-made Tool Steel to the world stage.

"Currently, our orders exceed supply," said Shiwang Zhan. "Hongxin Mold Tech will continue striving for higher quality and a larger market, pushing the company towards an even broader development platform."

Daye Hongxin Mold Technology Co., Ltd. is taking a lead of Tool Steel Manufacturer in Huangshi city, Hubei Province, China. With 23 years rooted in tool steel producing, we have 13 production lines covering processes from hydraulic hammer hot forging to single billet hot rolling. To extend the company's industrial chain, we have now achieved an integrated process from raw materials, smelting, hot forging, hot rolling, sawing, machining, heat treatment, to CNC, providing more efficient and comprehensive one-stop solutions.

Hongxin Mold Tech can accept Customizable Production with standards.

GB/T:  Cr12, Cr12MoV, Cr12Mo1V1, 4Cr5MoSiV, 4Cr5MoSiV1, 4Cr5W2VSi, 9SiCr, 6CrW2Si, 2Cr13, 4Cr13, 7CrSiMnMoV.

ASTM/AISI:  D2, D3, D56, O1, O2, H10, H11, H13, H21, 420SS, 420C.

EN/DIN:  1.2080, 1.2083, 1.2085, 1.2316, 1.2343, 1.2344, 1.2365, 1.2367, 1.2379, 1.2436, 1.2714, 1.2746, 1.2767, 1.2842.

JIS:  SKD1, SKD2, SKD6, SKD11, SKD61, SKS3, SKT4, SUS420J1/2.