Neway CNC(SH:688697) Xin Lang Cai Jing·2025-05-14 00:30Group 1 - The manufacturing industry is experiencing weak sentiment, leading to short-term pressure on company performance, but counter-cyclical policies are expected to drive marginal improvement in the manufacturing sector [1] - The company plans to initiate the fifth phase of its high-end intelligent CNC equipment project, focusing on high-end products such as CNC vertical lathes, CNC grinding machines, and specialized machines [1][3] Group 2 - Due to the weak industry sentiment, the company's EPS estimates for 2025 and 2026 have been lowered to 1.1 and 1.31 yuan respectively, with a new estimate for 2027 at 1.48 yuan [2] - The company is a leading player in the R&D, production, and sales of mid-to-high-end CNC machine tools, covering a wide range of products including large machining centers and various CNC machine tools [2] - For 2024, the company's revenue is projected to be 2.462 billion yuan, a year-on-year increase of 6.08%, with a net profit of 325 million yuan, up 2.36% year-on-year [2] - The company's gross margin and net margin for 2024 are expected to be 23.68% and 13.21%, respectively, showing a year-on-year decline of 2.78 percentage points and 0.48 percentage points [3] - The company is increasing R&D investment to upgrade product technology and is actively entering emerging sectors such as new energy vehicles and humanoid robots [3] - The fifth phase of the high-end intelligent CNC equipment project will involve the construction of approximately 47,500 square meters of production facilities, expected to be completed and operational by June 2027 [3]