近五年研发投入占营业收入8.64% 天鹅股份打造农机智造新标杆

Core Viewpoint - The company, Tian'e Co., has made significant advancements in cotton harvesting technology, showcasing its innovation and leadership in the agricultural machinery sector, particularly in the cotton processing industry. Group 1: Innovation and Technology - Tian'e Co. has achieved 44 patent authorizations from January to October this year, surpassing the total for 2024, with a cumulative total of 258 effective patents, including 59 invention patents, accounting for 22.9% [3] - The company has invested 267 million yuan in R&D over the past five years, representing 8.64% of its revenue, emphasizing innovation as the core driving force for development [3] - The introduction of a high-efficiency image sorting machine has improved cleaning efficiency to over 90%, addressing long-standing quality issues in Chinese cotton [3][4] Group 2: Production Efficiency - The company has developed a digital production line capable of processing 60 bales per hour, increasing processing efficiency by 2 to 3 times and reducing labor costs by nearly 60% [4] - Daily production of cotton bales has exceeded 1,000, while energy consumption for drying has been reduced by over 20% through innovative processes [4] Group 3: Market Position and Growth - Tian'e Co. has transitioned from a follower to a leader in the high-end cotton harvesting machine market, achieving over 92% localization in production since the establishment of its smart manufacturing base in Xinjiang [5] - The company reported a revenue of 605 million yuan for the first three quarters of 2025, a year-on-year increase of 41.48%, with Q3 revenue reaching 284 million yuan, up 69.39% year-on-year [5] Group 4: International Expansion - The company has expanded its international presence, exporting products to 37 countries and regions, and is implementing a "foreign trade breakthrough" strategy for further growth [6] Group 5: Strategic Transformation - Tian'e Co. is shifting from a "single champion" to a "full-service player" by diversifying its product offerings, including the development of a tomato harvester and other agricultural machinery [7] - The company employs a "three-thirds" R&D model, ensuring that innovation aligns with market demands by dedicating time to market research, production line immersion, and focused R&D [7] Group 6: Future Outlook - With 258 patents, Tian'e Co. is building a solid technological barrier, continuously injecting new momentum into China's agricultural mechanization and demonstrating the innovative strength of Chinese manufacturing in the agricultural equipment sector [8]