拓璞数控冲刺「港股高端工业母机第一股」，产品入围今年WAIC最高奖项

Core Viewpoint - Shanghai Topway Numerical Control Technology Co., Ltd. is advancing its IPO process on the Hong Kong Stock Exchange, aiming to become the leading high-end industrial machine stock in Hong Kong [2][3]. Company Overview - Established in 2007, Topway focuses on the research, design, production, and sales of high-end intelligent manufacturing equipment, particularly five-axis CNC machine tools, applicable in various sectors including aerospace, automotive, energy, medical devices, shipbuilding, and molds [3]. - In 2024, Topway is projected to rank first in the Chinese aerospace five-axis CNC machine tool market with a market share of 11.6%, and fifth overall in the five-axis CNC machine tool market with a 4.3% share among all suppliers [3]. Technological Capabilities - Topway has developed a comprehensive range of manufacturing processes, including traditional milling, turning, boring, and drilling, as well as advanced technologies like friction stir welding and riveting, enabling it to cover a wide array of complex manufacturing applications [4]. - The company's products lead in several key performance indicators compared to domestic peers and are competitive with international manufacturers [4]. AI Integration and Achievements - Topway has achieved significant breakthroughs in integrating AI with industrial machines, winning the SAIL Star Award at the World Artificial Intelligence Conference for its "Five-axis Intelligent Manufacturing" desktop machine tool project, marking it as the first industrial machine company globally to receive this honor [5]. - The company has invested a total of 284 million yuan in R&D from 2022 to 2024 [5]. Financial Performance - Topway's revenue from 2022 to 2024 is projected to be 136 million yuan, 335 million yuan, and 531 million yuan, respectively, with a compound annual growth rate of 97.9%. In the first half of this year, revenue grew by 41.25% year-on-year to 445 million yuan [5]. - The company is expected to turn a profit in 2024, with an adjusted net profit of 13.38 million yuan [5]. Market Outlook - The Chinese five-axis CNC machine tool market is expected to grow from 7 billion yuan in 2020 to 10.8 billion yuan in 2024, with a projected compound annual growth rate of 20.1%, reaching 27 billion yuan by 2029 [6]. - Topway plans to continue focusing on cutting-edge technology and expand its market presence in general industries, aiming to establish five-axis CNC machine tools as a cornerstone of the new generation of intelligent manufacturing [6].