中国机床的“变道”时刻 ｜产业链观察

Core Viewpoint - Beijing Jingdiao's recent strategic financing of 1 billion yuan highlights a significant trend in the equipment manufacturing industry, which is regaining capital attention as high-end equipment becomes a key development direction in China's 14th Five-Year Plan [2][3] Group 1: Industry Trends - The machine tool industry achieved a revenue of 764.7 billion yuan from January to September 2025, marking a 1.6% year-on-year growth, ending a downward trend since the first half of 2023 [3] - The integration of software and hardware is becoming essential as the market demands higher precision, efficiency, and integrated solutions in manufacturing [5][6] - The shift from hardware-centric to software-driven solutions is a response to the evolving needs of high-end manufacturing, emphasizing the importance of deep integration of mechanical, electrical, and software components [5][8] Group 2: Company Development Path - Beijing Jingdiao's unique development path began with a focus on software, leading to the independent development of CNC systems and eventually machine tool manufacturing, which contrasts with the hardware-first approach of most domestic competitors [4][6] - The company has transitioned from a survival strategy to a model that emphasizes the integration of software and hardware, allowing for adaptive processing and enhanced performance of machinery [6][8] - By 2024, Beijing Jingdiao plans to launch a full range of self-developed products, including five-axis high-speed machining centers and digital manufacturing software platforms, marking a strategic shift towards becoming a comprehensive supplier of precision CNC machines and digital engineering services [8][12] Group 3: Market Responsiveness - The company is set to introduce three new products at the 2026 ITES Shenzhen Industrial Exhibition, targeting high-efficiency processing markets and precision applications in sectors like semiconductors and optics [9][12] - Beijing Jingdiao's approach to product development is driven by market demand, ensuring that new technologies align with the needs of emerging industries such as humanoid robotics and aerospace [12][13] - The company maintains a "sell one generation, research one generation" development rhythm, allowing it to quickly adapt to market feedback and emerging trends [12][14] Group 4: International Expansion - Despite a modest growth in the domestic machine tool market, exports have surged, with a 9.1% increase in machine tool exports and a 23.4% rise in metal processing machine exports from January to September 2025 [14][15] - Vietnam has emerged as the largest export market for Chinese machine tools, accounting for 12.1% of total exports, driven by the rapid growth of its manufacturing sector [15] - Beijing Jingdiao aims to differentiate itself in international markets by offering high-precision machines and comprehensive solutions rather than competing on price [15][16] Group 5: Service Capabilities - The company emphasizes the importance of service capabilities in ensuring that high-precision equipment operates effectively in client environments, which is crucial for maintaining competitive advantage in overseas markets [16][17] - Beijing Jingdiao provides complete solutions that include not only equipment but also process support and technical training, ensuring clients can effectively utilize their machines [17][18] - This service-oriented approach reflects a broader trend in the manufacturing industry, where companies are increasingly focused on delivering integrated solutions rather than just products [18][19]