KEDE Numerical (SH:688305) Ge Long Hui·2025-12-01 08:45Core Viewpoint - The company reported a significant increase in orders for the third quarter compared to the second quarter, but there was a decline in revenue, raising questions about the apparent contradiction in the data [1] Group 1: Company Performance - The company stated that its five-axis CNC machine tools have a delivery cycle of 5 to 10 months, which affects revenue recognition [1] - Revenue for the third quarter was 100 million, down from 160 million in the second quarter, indicating a short-term fluctuation in income [1] - The decline in revenue is attributed to factors such as the amortization of stock incentive plan expenses, temporary impacts from international policy, and insufficient production capacity [1] Group 2: Market Outlook - Despite short-term revenue fluctuations, the company emphasized that the demand in its sector remains strong [1] - The company has a sufficient backlog of orders and is accelerating its capacity expansion efforts [1]