【私募调研记录】弘尚资产调研国机精工

Group 1 - Hongshang Asset recently conducted research on Guojijiangong, a listed company involved in the bearing and abrasive tools industry, covering five major sectors: new materials, basic components, machine tools, high-end equipment, and supply chain management and services [1] - The company specializes in special bearings for aerospace and aviation, with a robust order book in the wind power bearing business, and aims to rank among the top tier in precision machine tool bearings [1] - The ultra-hard materials grinding tools business is projected to generate approximately 580 million yuan in revenue in 2024, with significant growth in the semiconductor sector [1] - Guojijiangong is actively seeking merger and acquisition opportunities, focusing on product-centric strategies, leveraging R&D capabilities, and aiming for domestic substitution while aligning with international standards [1] Group 2 - Hongshang Asset was established in October 2013, created by a team from public funds in collaboration with global venture capital giant Sequoia Capital, and is the only equity securities asset management platform for Sequoia Capital in China [2] - The company has received multiple industry awards, including the Golden Sunshine, Golden Changjiang, and Golden Bull awards, establishing itself as a well-known private equity fund in China [2] - Hongshang Asset focuses on absolute return objectives in equity investment strategies, with a core competency in fundamental research-driven asset management, supported by a team of experienced professionals from large fund companies and top analysts [2]