1 扫码获取更多服务 公司点评 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|---------------------------------------------|------------------|----------------|-----------------|-----------------|--------------------------|----------------------|---------------------------------------------------------------------------|-----------------------------------------|----------------------|----------------------|---------------------- ...

买入(维持评级) 公司点评 来源：公司年报、国金证券研究所 证券研究报告 分析师： 满在朋 (执业S1130522030002) manzaipeng@gjzq.com.cn 分析师：李嘉伦 (执业S1130522060003) lijialun@gjzq.com.cn 相关报告: 人民币(元) 成交金额(百万元) 105.00 350 300 97.00 250 89.00 200 81. 00 150 73.00 100 65.00 50 57.00 成交金额 科德数控 沪深300 实现航空关键零部件加工大单突破 2024年7月11日公司发布关于签订日常经营重大合同的公告,新 签合同总金额 2.24 亿元（含税）。 实现新签大单突破,对业绩增长带来积极影响。根据公司公告信 息,23年公司新签订单同比增长 65%,1Q24公司新签订单同比增 长 32%,保持了较高订单增速。本次新签大单将推动公司新签订单 增长加速,对公司后续业绩增长带来积极影响。 本次大单主要面向航空关键零部件加工,加工要求复杂且对自动 该客户为公司老客户,高复购率体现了客户对公司产品认可度较 盈利预测、估值与评级 风险提示 投请参阅最后一 ...

公司代码：688305 公司简称：科德数控 科德数控股份有限公司 投资者关系活动记录表 编号：2024-020 ...

公司代码：688305 公司简称：科德数控 科德数控股份有限公司 投资者关系活动记录表 编号：2024-019 ...

本次会议主要采用一个问答的形式我们事先先收集到一些问题然后先向公司请教然后后面再把这个提问的机会留给各位投资者会议助理要不然先播放一下提问方式吧网络端的参会者您可以在直播间互动区域内文字提问或点击旁边的举手按钮申请语音提问 谢谢我先向朱总请教几个问题第一个问题就是我们Q2以来公司的一个订单情况大概是什么水平目前公司订单的情况应该还跟Q1的水平是差不多的整体上订单同比的增长应该还是都是在30%以上大概这样一个水平 呃订单增长在30%以上就如果下游分行业来看呢就不如军工的还有一些偏通用类的这些呃是这样的因为涉及到订单的信息我们这个就有时候我们都是按季度去给大家去做一个细分就是具体涉及到下游的一些机型啊包括一些呃具体的一些行业是按季度给大家去做拆分的所以说现在 因为还没到半年的时间所以现在的这个数据上就是大致上来说订单的增速肯定是不低于30%的但具体大概订单的增速多少我就在这里我就先不跟大家去做那个特别细节的沟通了这个等到半年到的时候到时候会详细的去给大家做一个拆解但下游的行业大体上来看的话应该跟一季度的出入不大应该还是比较稳定的就是说 国内的这一部分订单还是以恒河恒天占比较高一些然后其他的民用的领域还是说汽车能源 ...

公司代码：688305 公司简称：科德数控 科德数控股份有限公司 投资者关系活动记录表 编号：2024-018 ...

公司代码：688305 公司简称：科德数控 科德数控股份有限公司 投资者关系活动记录表 编号：2024-017 ...

Product Development and Expansion - The company's five-axis vertical machining center is the most mature and mass-produced product [4] - The five-axis horizontal milling-turning machining center and five-axis horizontal machining center are expected to become the next mass-produced models [4] - The five-axis horizontal milling-turning machining center has a high technical difficulty and complex process, with an average price of around 3.5 million RMB [4] - The company has established a production base for five-axis horizontal machining centers in Shenyang to enhance production capacity [4] - The company launched the new GMC3060 model in 2023, which is suitable for processing large aerospace titanium alloys, aluminum alloys, and non-metallic composite materials [5] - The GMU2040 product was developed to meet customer needs for high-speed and efficient processing of large aluminum alloy structural parts [5] Cost and Profitability - The procurement costs for the five-axis horizontal milling-turning machining center and five-axis horizontal machining center are expected to be significantly optimized after mass production [5] - The adoption of standardized production management models will reduce production management costs for the entire machine [5] - The product gross margin is expected to further increase in the medium to short term [5] Export and Market Strategy - High-end CNC machine tools are an important part of the intelligent equipment manufacturing industry [6] - The company has established a development model covering the entire industry chain, talent chain, and technology chain [6] - The company's high-end CNC machine tools meet the processing needs of customers while offering competitive prices and efficient after-sales feedback [6] - The company is strengthening its efforts to expand overseas markets, focusing on product performance optimization and technological upgrades [6] - Domestic high-end CNC machine tools are expected to gain a significant competitive advantage in overseas markets due to their high cost-performance ratio [7] Investor Relations - The investor relations event was held on June 5, 2024, in Dalian, with participation from CICC Asset Management and Puxin Capital [3] - The event included a Q&A session focusing on product development, cost optimization, and market strategies [4][5][6]

公司代码：688305 公司简称：科德数控 科德数控股份有限公司 投资者关系活动记录表 编号：2024-015 ...

图31 国内金属切削机床产量 40% 100 7 年生产高峰 90 30% 80 20% 70 60 10% 50 0% 40 30 -10% 20 -20% 10 0 -30% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ■ 金属切削机床产量 ( 万台 ) •同比 ( 右轴，% ) 资料来源： 同花顺，东海证券研究所 公司深度 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|---------------------|----------|-------|-------------------------|-------|-------------------------|-------|-------------------------------| | \n核心零部件 | 五轴联动立式 \n科德 | \n马扎克 | 科德 | 五轴联动卧式 \n马扎克 | ...