Core Viewpoint - The company aims to significantly increase its tool production capacity, projecting a rise to 7 million pieces by 2025 and potentially exceeding 20 million pieces by 2026 [2] Group 1: Production Capacity - The company plans to reach a production capacity of 7 million tool pieces by 2025 [2] - By 2026, the production capacity is expected to surpass 20 million pieces [2] Group 2: Sales Strategy - The sales strategy combines a dealer channel with direct sales to major clients, enhancing market presence [2] - The dealer system is continuously improving as product recognition and market acceptance grow [2] Group 3: Raw Material Management - The tool division maintains a raw material inventory of 2-3 months to mitigate the impact of price increases [2] - The company can pass on some costs to end customers through dealers, helping to manage raw material price fluctuations [2]

Core Viewpoint - The company anticipates significant revenue growth in its hydraulic components division, outpacing industry growth rates by 2025, with a focus on domestic production and market share expansion [2] Group 1: Revenue Growth and Production - The company projects that its hydraulic components division will achieve a revenue growth rate that significantly exceeds the industry average by 2025 [2] - Current domestic motor production capacity is approximately 350,000 units per year [2] - The Thai hydraulic components factory is expected to commence operations in May 2026 [2] Group 2: Strategic Directions - The company will concentrate on three main development directions: promoting domestic substitution of core products, increasing market share among major manufacturers, and expanding into non-excavation applications [2] - The company aims to deepen market penetration in agricultural machinery, road machinery, and aerospace sectors [2] - The successful collaboration with a well-known U.S. client is expected to drive high growth in overseas revenue [2] Group 3: Joint Ventures and Future Prospects - The joint venture with Kawasaki Heavy Industries, named Aizaki Precision, is anticipated to become a significant growth driver for the company's performance [2] - The operating performance of this joint venture is expected to achieve rapid growth by 2026 [2]

Core Viewpoint - The company, Eddie Precision (603638), has made significant progress in the localization of its screw guide rail products in the machine tool sector, focusing on the mid-to-high-end machine tool market [1] Group 1: Product Development and Market Position - The precision of the company's products has reached C2 level, and they have achieved 100% import substitution for certain models at a well-known machine tool manufacturer in South Korea [1] - By 2025, the company expects to have over 30 models of screw guide rail products tested and ready for small batch supply [1] Group 2: Partnerships and Applications - The company has established partnerships with several leading machine tool enterprises [1] - The application scenarios for the products are continuously expanding, covering core components of industrial mother machines, servo electric cylinders, and other fields [1]

Core Viewpoint - The company has successfully penetrated the overseas market by securing contracts with prominent clients in the US, UK, and Europe, with expectations of increasing supply scale to overseas customers by 2026 [1] Group 1: Market Expansion - The company plans to focus on four key regions for market expansion: the US market leveraging major client resources, resource-rich markets in Africa and Brazil, the Indian market prioritized by domestic manufacturers, and the Southeast Asian market effectively served by the Thailand factory [1] - The company aims to achieve an overseas revenue share of 50% within the next five years, positioning this as a core engine for performance growth [1]

Core Viewpoint - The company, Eddie Precision (603638), indicates that its hydraulic components business is expected to see a continuous increase in market share in the coming years, with a current market share of 40% for motor products and 15% for pump and valve products [1] Group 1: Business Composition - The company's hydraulic components business consists of motor products (travel motors and swing motors) accounting for approximately 60% of the business, while pump and valve products together account for about 40% [1] Group 2: Market Share - The current market share for motor products is reported to be 40%, while the market share for pump and valve products is approximately 15% [1] - The company anticipates that its overall market share in hydraulic components will continue to rise in the next few years [1]

Core Viewpoint - The company Eddie Precision (603638) has successfully launched its Thailand factory (Phase I) in October 2025, with a production capacity of 10,000 hydraulic breakers, and plans to start producing high-end hydraulic components by May 2026 [1] Group 1: Production and Capacity - The Thailand factory (Phase II) has commenced construction and is expected to be ready for production by June 30, 2026 [1] - The company has established a significant partnership with a leading overseas engineering machinery client, with 50% of the orders to be produced in Thailand for the North American market, and the remaining 50% to be supplied from the Chinese factory for non-North American markets [1] Group 2: Client Relationships and Market Outlook - The aforementioned client has become the company's largest overseas customer, and the company is the sole supplier of hydraulic components for this client in China [1] - The company anticipates rapid growth in overseas new orders by 2026 due to the successful collaboration with this major client [1]

Core Insights - The company, Aidi Precision (603638), has mastered core technologies in BMS, EMS, and thermal management for energy storage [1] - The business model is a four-in-one approach of "development-investment-construction-operation," which ensures stable equipment sales profits and cash flow by binding state-owned capital and industry resources through equity investment platforms [1] - By 2026, the company’s preliminary energy storage projects are gradually being implemented, with plans to increase business expansion in regions such as Australia, the Middle East, and Southeast Asia, aiming for overseas revenue to account for 30%-50% in the next 3-5 years [1]

Group 1 - The company, Aidi Precision (603638), stated that it adheres to a principle of going with the flow regarding convertible bonds [1]

Core Viewpoint - The company, Aidi Precision, is actively engaged in the production of large hydraulic breakers and high-end hydraulic components, which are extensively used in the mining industry for various applications [1] Group 1: Product Applications - The large hydraulic breakers produced by the company are directly and extensively used in mining operations for primary and secondary crushing tasks [1] - The company's high-end hydraulic components are widely applied in excavators, which serve as the primary machinery for mining operations [1] - The battery pack products manufactured by the company are also broadly utilized in mining trucks and related equipment [1]

Market Overview - The engineering machinery sector experienced a decline of 2.26% on February 2, with Zhigao Machinery leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Zhigao Machinery (code: 920101) saw a significant drop of 9.01%, closing at 42.33 with a trading volume of 31,200 shares and a transaction value of 136 million [2] - Other notable declines included Fushite (code: 301446) down 7.31% and Tietuo Machinery (code: 920706) down 7.08% [2] - Conversely, Construction Machinery (code: 600984) increased by 3.52%, closing at 4.12 with a transaction value of 275 million [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 261 million from institutional investors, while retail investors saw a net outflow of 68.44 million [2] - Notably, speculative funds had a net inflow of 329 million [2] Detailed Capital Flow for Selected Stocks - Zhongji United (code: 605305) had a net outflow of 33.05 million from institutional investors, while speculative funds saw a net inflow of 17.02 million [3] - Iron Construction Machinery (code: 688425) reported a net inflow of 12.55 million from institutional investors and 21.61 million from speculative funds [3] - Other stocks like Longling Hydraulic (code: 605389) and Tuoshan Heavy Industry (code: 001226) also showed varying net inflows and outflows across different investor categories [3]