Xin Lang Zheng Quan·2025-09-21 10:02Core Insights - The company, QiaoFeng Intelligent Equipment Co., Ltd., hosted a specific investor research event on September 18, 2025, attended by four institutions, including Shenwan Hongyuan and Guotai Junan [1] Industry Trends - The machine tool industry is experiencing a slowdown in import growth while exports are rapidly increasing, indicating a shift towards domestic substitution and internationalization [1] - The growth in market demand is being driven by supportive policies, such as increased deductions for R&D expenses, leading to a dual growth in production and demand within the machine tool sector [1] - The CNC (Computer Numerical Control) rate for metal cutting machine tools in China is lower than that of developed countries, presenting growth opportunities for CNC machine tool companies as policies and industrial upgrades drive demand [1] - The industry is characterized by a high concentration of small and medium enterprises, with intense competition in the low-end market, while leading companies are expanding their market share, resulting in a gradual increase in industry concentration [1] Company Performance - In the first half of 2025, the general equipment sector accounted for approximately 36% of total revenue, with a year-on-year growth of nearly 10% [1] - The consumer electronics sector saw a significant growth of about 190%, making up over 20% of total revenue [1] - The automotive and motorcycle parts sector, primarily focused on new energy vehicles, represented around 14% of total revenue, with a year-on-year growth of approximately 60% [1] - The mold industry accounted for about 8% of total revenue, with a year-on-year growth of around 160% [1] - The engineering machinery sector experienced a year-on-year growth of about 170%, contributing around 5% to total revenue [1] Operational Characteristics - The machine tool industry does not exhibit strict seasonal fluctuations, leading to relatively stable quarterly performance for QiaoFeng Intelligent Equipment, with balanced distribution of revenue due to complementary demand from different downstream industries [1] - The company has established a competitive advantage through its listing platform and technological accumulation, including a comprehensive product lineup, automated production lines, a robust sales service system, and an integrated R&D and production operation model [1] - QiaoFeng Intelligent Equipment is strategically positioning itself in the liquid cooling plate processing sector, which demands high precision and efficiency, by enhancing sales connections and optimizing equipment performance to meet the growing demand in this area [1]