IECHO(SH:688092) Zheng Quan Shi Bao Wang·2025-06-01 13:46Core Viewpoint - The non-metal intelligent cutting industry presents significant growth potential, driven by advancements in technology and increasing demand for automation and intelligent production solutions [1][3]. Industry Outlook - The digital printing industry is experiencing growth due to the rising demand for personalized, small-batch, and multifunctional products, particularly in developed markets like Europe and North America [1][2]. - In the textile industry, the demand for customized production is increasing, leading to higher penetration rates of single-layer and multi-layer cutting equipment among leading enterprises [2]. - The composite materials sector, especially carbon fiber applications in high-end industries such as aerospace and renewable energy, is becoming a new growth area for intelligent cutting equipment [2][3]. Company Developments - The company has transitioned from a single-layer cutting equipment model to a dual-driven model that includes both single-layer and multi-layer cutting equipment, with significant performance improvements in cutting efficiency and quality for multi-layer devices [3]. - The company anticipates steady market performance for its main product, intelligent cutting equipment, in 2024, with notable sales growth compared to the previous year [3]. Future Growth Drivers - Key drivers for future profitability include industry policies, market channels, operational efficiency, technological innovation, product upgrades, and expansion into emerging markets [4]. - The company is focusing on building its domestic and international distribution networks, with overseas revenue accounting for 50.7% in 2024, targeting mature markets in Europe and North America [4]. - Emphasis is placed on continuous R&D investment in non-metal intelligent cutting technologies, exploring new processes like laser cutting and 3D printing, and enhancing product intelligence through AI and big data [4].