Core Viewpoint - The company is focusing on expanding its overseas business through a dealer-based sales channel and establishing a technical support system to respond quickly to international customer needs [1] Group 1 - The company primarily relies on a dealer-based sales channel for its overseas orders [1] - A technical support system is being established through agents to ensure rapid response to overseas customer demands [1] - The company is intensifying efforts to explore overseas markets while leveraging its established presence in domestic markets [1] Group 2 - The company is building connections with countries involved in the "Belt and Road" initiative to facilitate equipment sales [1] - The strategy aims to achieve win-win cooperation with international partners [1]

Core Viewpoint - The company is focusing on expanding its overseas market presence while maintaining its established domestic market, leveraging a dealer-based sales channel and after-sales technical support system to meet international customer needs [1] Group 1 - The company primarily utilizes a dealer-based sales channel for its overseas orders [1] - A technical support system through agents is established to ensure quick response to overseas customer demands [1] - The company is intensifying efforts to explore overseas markets, particularly in countries along the "Belt and Road" initiative [1]

Core Viewpoint - The company, Kede CNC (688305), has reported a stable core team and a strong focus on production and operations, indicating a positive outlook for its business performance [1] Group 1 - The company has a full order book, suggesting strong demand for its products [1] - The production capacity utilization rate remains high, reflecting efficient operations and potential for revenue growth [1]

Core Viewpoint - The company Kede CNC (688305.SH) has announced advancements in its five-axis machine tools and the development of axial flux motor products, which are expected to enhance performance in various high-demand applications [1] Group 1: Product Development - The five-axis machine tools can be directly used for processing precision components such as robot joints and gears [1] - The self-developed motor products have been mass-applied in thread grinding machines for processing lead screws and other threaded parts [1] - The company has initiated the development of axial flux motor products, which offer advantages over traditional radial flux motors, including a more compact structure, lighter weight, and higher power and torque output for the same volume/weight [1] Group 2: Target Applications - The axial flux motors are targeted for applications in humanoid robots, new energy vehicles, aerospace vehicles, and wind power, where space and weight constraints are critical while requiring significant power output [1]

Core Viewpoint - The company has begun mass production of motor products for users, specifically for thread grinding machines used in the processing of lead screws and other threaded components [1] Group 1 - The company is providing motor products in bulk to users [1] - The motor products are intended for use in thread grinding machines [1] - The application of these products is focused on processing lead screws and other threaded parts [1]

Core Viewpoint - Kede CNC (688305.SH) specializes in high-end five-axis CNC machine tools, which are widely used in various industries including aerospace, automotive, nuclear power, new energy, tooling, precision molds, mechanical processing, low-altitude economy, and medical fields [1] Group 1 - Kede's series of high-end five-axis CNC machine tools are suitable for metal cutting processing [1] - The company's products feature industrial-grade 3D printing capabilities [1] - Kede has not yet developed desktop-level five-axis CNC machine tools [1]

Core Viewpoint - The company, Kede CNC (688305.SH), emphasizes its self-controlled core technology and has established a complete technology chain consisting of "CNC system + key functional components + high-end five-axis machine tools" [1] Group 1: Technology and Product Offering - The company offers a diverse range of five-axis CNC machine tools, including five-axis vertical machining centers, horizontal machining centers, horizontal turning-milling composite machines, five-axis gantry machining centers, and six-axis five-linkage blade processing centers [1] - The precision of the products reaches the micron level, with core indicators benchmarked against international leading standards, and some performance metrics are ahead of competitors [1] Group 2: Market Applications - The downstream applications of the company's products cover various industries, including aerospace, automotive, nuclear power, new energy, precision molds, mechanical processing, low-altitude economy, and medical sectors, achieving batch import substitution [1] - The precision five-axis vertical machining center DMC55 UP is specifically designed for processing metal and non-metal parts used in lithography machines [1]

Core Viewpoint - The company is actively involved in the production of advanced CNC machine tools essential for the manufacturing of large aircraft and engines, particularly focusing on the C919 and C929 models [1] Group 1: Product Development and Production - The company has developed mature technologies for five-axis vertical and horizontal machining, compound machining, and blade tip grinding, which are already in mass production for aircraft and engine manufacturing [1] - A new six-axis five-linkage blade processing center has been introduced for the machining of aircraft engine components, with small batch orders already in production this year [1] - The company is validating a new size flip milling processing center for aircraft structural components, which is currently in the application verification stage [1] Group 2: Strategic Partnerships and Future Plans - In June 2025, the company will sign a cooperation agreement with Shenyang Aerospace Industry Group Co., Ltd. and AVIC Commercial Aircraft Co., Ltd. to establish the first domestic "large aircraft structural component process verification pilot base" based on high-end domestic five-axis CNC machine tools in Shenyang [1] - The focus will be on precision machining of complex structural components for domestic large aircraft like the C919 and C929, as well as large drones, creating several specialized verification platforms [1] - The company is prepared for product and process verification and is accelerating capacity construction to meet the production schedule of large aircraft and engines, aiming for significant application of high-end five-axis CNC machine tools in the civil aviation sector [1]

中信证券股份有限公司 关于科德数控股份有限公司 2025 年半年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为科德数 控股份有限公司（以下简称"科德数控"或"公司"或"上市公司"）首次公开 发行股票并在科创板上市、2022 年度以简易程序向特定对象发行股票并在科创 板上市、2023 年度向特定对象发行股票并在科创板上市的保荐人，根据《证券 发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》等相关规 定，中信证券履行持续督导职责，并出具本持续督导半年度跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2025 年 9 月 2 日对公司进行了现场检查。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2 ...

Group 1 - The core viewpoint of the news is the performance and financial metrics of Kede CNC, highlighting its stock price increase and market capitalization [1] - Kede CNC's stock rose by 5.05% to 64.48 CNY per share, with a trading volume of 338 million CNY and a turnover rate of 4.01%, resulting in a total market value of 8.57 billion CNY [1] - The company, established on January 28, 2008, and listed on July 9, 2021, specializes in five-axis CNC machine tools, high-end CNC systems, key functional components, and flexible automation production lines [1] Group 2 - Kede CNC's main business revenue composition includes: 53.66% from automation production lines, 40.41% from high-end CNC machine tools, 3.58% from other sales, 2.15% from key functional components, and 0.20% from high-end CNC systems [1] - Among Kede CNC's top ten circulating shareholders, Huaxia Fund's Huaxia CSI Robot ETF (562500) entered the list in the second quarter, holding 1.793 million shares, which is 1.36% of the circulating shares [2] - The Huaxia CSI Robot ETF has a current scale of 14.471 billion CNY, with a year-to-date return of 27.91% and a one-year return of 75.34% [2]