Guosheng Securities Maintains Buy Rating on Honglu Steel Structure
HEFEI, CHINA - June 17, 2026 - Guosheng Securities maintained a Buy rating on Honglu Steel Structure, saying the company’s external sales of intelligent manufacturing equipment could become a second growth curve alongside its core steel-structure business.
The research note said Honglu’s smart-manufacturing capabilities have already supported internal efficiency improvement, while new external sales create a broader commercial opportunity for the company’s self-developed equipment and production know-how.
Smart Manufacturing Moves Beyond Internal Use
Honglu has invested for years in automation, welding robots, intelligent production lines, and digital manufacturing systems across its steel-structure bases. The Guosheng note argued that those capabilities are now beginning to extend beyond internal production, with equipment sales creating a new business line.
The view is consistent with Honglu’s recent investor-relations disclosures. The company previously said it had sold 435 units of related robot products overseas after deciding in September 2025 to sell those products externally, with customers in markets including Vietnam, Mexico, and Israel.
Key Points From the Research Note
- Investment Rating: Guosheng Securities maintained a Buy rating on Honglu Steel Structure.
- Second Growth Curve: The broker highlighted external sales of intelligent manufacturing equipment as a possible incremental growth driver.
- Core Business Base: Honglu remains anchored in large-scale steel-structure fabrication, with products used in industrial plants, large venues, transportation infrastructure, energy facilities, and other applications.
- International Potential: Overseas equipment sales and steel-structure projects may help Honglu gradually broaden its revenue channels beyond domestic fabrication demand.
What Investors Are Watching
The central question is whether Honglu can turn its manufacturing technology from an internal efficiency tool into a scalable external product line. If external robot and intelligent-equipment sales continue to expand, investors may begin to value Honglu not only as a steel-structure fabricator, but also as a supplier of production technology for industrial manufacturing.
Customers and partners should continue to assess Honglu on execution quality, delivery capacity, smart-factory maturity, international service support, and the company’s ability to sustain product reliability as equipment sales move into more markets.