Company Overview - Zhejiang Rifa Precision Machinery Co., Ltd. was established on December 28, 2000, and went public on December 10, 2010. The company specializes in digital intelligent machine tools, aerospace intelligent equipment, and smart manufacturing management systems [2] - The main business revenue composition includes: digital intelligent machine tools and production lines (55.05%), fixed-wing engineering, operations, and leasing (40.72%), other (2.34%), and aerospace intelligent equipment and production lines (1.89%) [2] Financial Performance - For the period from January to September 2025, the company reported operating revenue of 874 million yuan, a year-on-year decrease of 39.94%. The net profit attributable to the parent company was -267 million yuan, a year-on-year decrease of 303.03% [2] - The company has cumulatively distributed 520 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Stock Market Activity - On November 12, the company's stock price fell by 2.11%, trading at 6.03 yuan per share, with a total market capitalization of 4.524 billion yuan [1] - The stock has increased by 4.87% year-to-date, but has seen a decline of 0.82% over the last five trading days, 0.33% over the last 20 days, and 13.24% over the last 60 days [1] - The company has appeared on the "龙虎榜" (a stock trading list) seven times this year, with the most recent appearance on July 9, where it recorded a net buy of -114 million yuan [1] Shareholder Information - As of September 30, 2025, the number of shareholders was 80,700, a decrease of 9.44% from the previous period. The average circulating shares per person increased by 10.43% to 8,893 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 4.5657 million shares, and Guotai CSI Machine Tool ETF is the tenth largest with 1.3731 million shares, both being new shareholders [3]

Core Viewpoint - The company has announced a strategic rebranding of its wholly-owned subsidiary to better leverage its resource concentration advantages [1] Group 1 - The subsidiary Zhejiang Rifa Precision Machine Tool Co., Ltd. has been renamed to "Zhejiang Rifa Grede Precision Machine Tool Co., Ltd." [1] - The company has completed the necessary business registration changes and obtained a new business license from the New Changshan Market Supervision Administration [1] - Other operational details of the subsidiary remain unchanged following the name change [1]

Group 1 - The company, Rifa Precision Machinery, announced on November 7 that it employs a combination of direct sales and agency sales models [2] - The company primarily adopts a "sales-driven production" model, which is based on order contracts [2] - The production process is organized according to user requirements, including the development and design of products tailored to specific needs [2]

Core Insights - The company aims to become a benchmark enterprise in the intelligent manufacturing sector by focusing on key tracks and scaling its core business [2] - The company is responding to the national innovation-driven development strategy by increasing investment in independent research and development [2] - The company has established a competitive advantage in the bearing equipment sector, achieving domestic leadership in precision and performance [2] Company Positioning - The company has a strong market share in China's bearing manufacturing equipment sector, ranking among the top [2] - It has become an important supplier for internationally renowned global suppliers in the bearing industry [2] - The company has accumulated technical advantages, quality customer resources, and stable supply capabilities over the years [2]

Core Viewpoint - The company has developed high-precision CNC thread grinding equipment for processing lead screws and nuts, which is recognized by customers in various industries, including electric vehicles and humanoid robots [2] Group 1: Company Developments - The company announced on November 7 that it has the production capacity for high-precision CNC thread grinding equipment [2] - Market expansion is progressing as planned, with contracts signed or strategic cooperation established with clients such as Best, Wuzhou Xinchun, and Sanlian Forging [2] - The company has delivered CNC grinding equipment for lead screws and nuts to several clients [2] Group 2: Industry Context - The CNC grinding equipment is primarily used in high-precision applications for industries like electric vehicles, humanoid robots, industrial mother machines, tools, and industrial automation [2] - Some downstream industries, such as humanoid robots, are still in the early stages and have not yet achieved large-scale production, indicating that industrial growth will take time [2] - The company will focus on tracking the technological development routes of downstream customers and end-users, making product R&D in related fields a key direction for future development [2]

Core Viewpoint - The company, Rifa Precision Machinery (002520), emphasizes its commitment to focusing on core business development and enhancing product quality and efficiency to strengthen market competitiveness and brand influence [1] Group 1: Company Strategy - The company plans to continue focusing on research and development in its core business [1] - There will be improvements in product details and optimization of process validation [1] - The goal is to enhance machine tool quality and increase production efficiency [1] Group 2: Product Development - The company aims to accelerate product transformation by developing high-precision, high-efficiency, and intelligent products and production lines [1] - This transformation is intended to boost market competitiveness and brand impact [1]

Group 1: Company Overview - The company is Zhejiang Rifa Precision Machinery Co., Ltd., with stock code 002520 and abbreviation Rifa Precision [1] - The investor relations activity took place from November 3 to 6, 2025, in Beijing and Shanghai [3] Group 2: Investor Engagement - Participants included representatives from various financial institutions such as Northeast Securities, China Galaxy Securities, and Huatai Securities [2][3] - The company’s board secretary, Mr. Qi Bing, provided a brief introduction to the company's development history and current operations [3] Group 3: Product Development and Market Position - The company has made progress in the development of CNC thread grinding machines, which are used in high-precision applications for industries like new energy vehicles and industrial automation [4] - Contracts or strategic partnerships have been signed with clients such as Best, Wuzhou Xinchun, and Sanlian Forging [4] - The company has delivered CNC grinding equipment to some clients, but the mass production in downstream sectors like humanoid robots is still in early stages, indicating potential investment risks [4] Group 4: Competitive Advantage - The company aims to become a benchmark enterprise in intelligent manufacturing by focusing on key sectors and scaling core business operations [4][5] - It has achieved a leading position in the bearing manufacturing equipment market in China, recognized for its technological advantages and quality customer resources [4] Group 5: Business Model and Future Plans - The company employs a combination of direct sales and agency sales, with a production model based on "sales-driven production" [5] - Future plans include enhancing product quality, improving production efficiency, and accelerating product innovation to strengthen market competitiveness and brand influence [5]

2、住所：浙江省新昌县七星街道日发数字科技园3号1幢 3、法定代表人：梁海青 证券代码：002520 证券简称：日发精机 编号：2025-071 浙江日发精密机械股份有限公司 关于全资子公司变更名称暨完成工商变更登记的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 浙江日发精密机械股份有限公司（以下简称"公司"）基于战略规划，为更 好地发挥公司资源集中优势，全资子公司浙江日发精密机床有限公司更名为"浙 江日发格芮德精密机床有限公司"，已于近日完成相关工商变更登记手续，并取 得新昌县市场监督管理局换发的《营业执照》，其他内容不变。现将具体情况公 告如下： 1、公司名称：浙江日发格芮德精密机床有限公司 4、注册资本：2亿元整 5、公司类型：有限责任公司 6、经营范围：数控机床、机械设备及配件的研发、生产、销售；智能装备、 工业自动化设备的生产、销售；计算机软硬件的研发、销售，货物进出口（依法 须经批准的项目，经相关部门批准后方可开展经营活动） 特此公告。 浙江日发精密机械股份有限公司董事会 2025年11月7日 ...

Core Insights - The company, established in December 2000 and listed in December 2010, is a leading high-end equipment manufacturer in China, focusing on digital intelligent machine tools and aerospace equipment [1] Financial Performance - For Q3 2025, the company's revenue was 874 million yuan, ranking 9th in the industry, significantly lower than the top competitor Qin Chuan Machine Tool at 3.121 billion yuan [2] - The main business segments include digital intelligent machine tools and production lines at 395 million yuan (55.05% of revenue) and fixed-wing engineering, operations, and rentals at 292 million yuan (40.72% of revenue) [2] - The net profit for the same period was -267 million yuan, placing the company last in the industry, far below the leading firms [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 89.64%, up from 71.46% year-on-year, and significantly higher than the industry average of 45.02% [3] - The gross profit margin was 8.25%, down from 18.92% year-on-year and below the industry average of 27.38% [3] Management and Shareholder Information - The chairman, Wu Jie, received a salary of 291,300 yuan in 2024, a slight decrease from 292,000 yuan in 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 9.44% to 80,700, while the average number of circulating A-shares held per account increased by 10.43% to 8,893.41 [5]

Core Viewpoint - The financial performance of Rifa Precision Machinery Co., Ltd. has significantly declined in the first three quarters of 2025, with substantial decreases in revenue and net profit compared to the previous year [1][2]. Financial Performance - The company's revenue for the first three quarters of 2025 was 874 million yuan, a year-on-year decrease of 39.94% [1]. - The net profit attributable to shareholders was -267 million yuan, a year-on-year decline of 303.03% [1]. - The non-recurring net profit attributable to shareholders was -493 million yuan, down 536.96% year-on-year [1]. - Basic earnings per share were -0.36 yuan [1]. Profitability Metrics - The gross profit margin for the first three quarters of 2025 was 8.25%, a decrease of 10.67 percentage points year-on-year [2]. - The net profit margin was -30.58%, down 26.05 percentage points compared to the same period last year [2]. - In Q3 2025, the gross profit margin was -0.87%, a decline of 14.72 percentage points year-on-year and a decrease of 6.59 percentage points quarter-on-quarter [2]. - The net profit margin for Q3 2025 was -29.39%, down 18.93 percentage points year-on-year but up 17.79 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for the period were 274 million yuan, a decrease of 52.91 million yuan year-on-year [2]. - The expense ratio was 31.39%, an increase of 8.90 percentage points compared to the same period last year [2]. - Sales expenses increased by 5.14% year-on-year, while management expenses decreased by 18.64%, R&D expenses decreased by 4.09%, and financial expenses decreased by 54.28% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 80,700, a decrease of 8,414 shareholders or 9.44% from the end of the previous half [3]. - The average market value of shares held per shareholder increased from 53,800 yuan to 56,900 yuan, reflecting a growth of 5.76% [3]. Company Overview - Rifa Precision Machinery Co., Ltd. is located in Zhejiang Province and was established on December 28, 2000, with its listing date on December 10, 2010 [3]. - The company primarily engages in the development and service of digital intelligent machine tools, aerospace intelligent equipment, and smart manufacturing management systems, among other operations [3]. - The revenue composition includes 55.05% from digital intelligent machine tools, 40.72% from fixed-wing engineering and leasing, 2.34% from other sources, and 1.89% from aerospace intelligent equipment [3].