KEDE Numerical (SH:688305) Sou Hu Cai Jing·2025-05-13 20:41Core Viewpoint - The company, Kede CNC, is experiencing a stable growth trajectory in the five-axis CNC machine tool market, driven by strategic positioning, technological innovation, and market expansion, rather than frequent price increases [2] Group 1: Company Performance - As of May 13, 2025, Kede CNC's stock closed at 77.33 yuan, down 2.68%, with a trading volume of 22,000 shares and a turnover of 172 million yuan [1] - In 2024, the company achieved a revenue of 605,474,164.58 yuan, representing a year-on-year growth of 33.88%, and a net profit attributable to shareholders of 129,893,922.73 yuan, up 27.37% [4] - The company invested 162,634,800 yuan in R&D, accounting for 26.86% of its revenue [4] Group 2: Market Insights - The five-axis CNC machine tool market in China reached approximately 11.2 billion yuan in 2023, with a compound annual growth rate of 15.52% over the past five years [2] - The domestic market for five-axis machine tools is primarily dominated by foreign brands, indicating significant potential for import substitution [2] - Kede CNC's products serve various industries, including aerospace, new energy vehicles, and semiconductors, with nearly 40% of domestic market orders coming from civilian sectors [2] Group 3: Financial Activities - The company plans to hold its 2024 annual shareholders' meeting on May 19, 2025, to review several proposals, including a cash dividend of 2.45 yuan per 10 shares and a capital reserve conversion of 3 shares for every 10 shares [4][6] - The expected total amount for daily related transactions with the controlling shareholder is 141 million yuan for 2025 [4]