（文章来源：证券日报） 证券日报网2月12日讯 ，科德数控在接受调研者提问时表示，公司在半导体领域取得突破，成功拓展了 多家新用户，采购了公司KMC系列不同规格设备，用于半导体行业光学仪器模具及高精度铝合金零部 件的精密制造。 ...

Core Viewpoint - The article highlights the challenges of integrating education and industry in China, emphasizing the need for skilled workers to operate advanced machinery and the structural mismatch between educational institutions and industry demands [1][2]. Group 1: Industry Challenges - The lack of skilled workers, referred to as "great country craftsmen," is a significant issue, as many students struggle to operate advanced equipment due to inadequate training [1]. - Companies face difficulties when introducing top-tier equipment, as operators often lack the necessary skills to utilize these machines effectively [1]. - Educational institutions are unable to keep pace with industry changes, leading to outdated teaching methods and equipment [1]. Group 2: Proposed Solutions - The proposal includes implementing "order-based school-enterprise cooperation" to provide students with clear employment pathways from the start of their education, along with financial incentives for companies that retain graduates [2]. - A dynamic "urgent talent capability map" is suggested to facilitate the flow of personnel between schools and enterprises, allowing skilled workers to teach and educators to gain practical experience [2]. - The company aims to establish a talent incentive system and enhance collaboration with educational institutions to ensure students receive mentorship and practical training in real-world settings [2].

Group 1 - The core strategy of the company emphasizes a "value competition" approach, focusing on both high-end and economical machine models to address price competition in the general machine tool market [2] - The collaboration with AVIC's subsidiary, Aviation Industry Corporation of China, is progressing, with the establishment of an Innovation Center aimed at advancing civil aircraft manufacturing technology and high-end CNC equipment [2] - The stock price has shown a fluctuating upward trend, closing at 59.81 yuan on February 12, with a cumulative increase of 1.80% over the past five days [3] Group 2 - Recent institutional ratings indicate that out of four institutions, three have given a "buy" rating and one an "accumulate" rating, with a target average price of 77.48 yuan, suggesting a premium over the current stock price [4] - Institutions are particularly focused on the company's order expansion capabilities in emerging sectors such as aerospace, semiconductors, and medical fields, as well as the development progress of new products like the axial flux motor, with a prototype expected in early 2026 [4] - The company's profit was under pressure in the third quarter of 2025, primarily due to increased share-based payment expenses, necessitating ongoing monitoring of future performance improvements [4]

（编辑 王雪儿） 证券日报网2月10日讯 ，科德数控在接受调研者提问时表示，公司设备在民用市场中具备以下优势：一 是强大的定制化服务能力，能够根据用户需求快速提供工艺解决方案；二是响应速度快，本土化服务团 队能够提供及时的技术支持和售后维护；三是数据安全性，公司拥有自主可控的数控系统，能够满足客 户对核心技术保密性的要求，特别是在当前供应链安全备受重视的背景下，国产设备提供了可靠的替代 性，公司已将这些优势转化为市场竞争力。 ...

Core Viewpoint - The company emphasizes "value competition" over mere "price competition," focusing on high-end and economical product lines to balance short-term market competition with long-term development needs [2] Group 1: Company Strategy - The company implements a dual-track strategy with high-end and economical product models to enhance market competitiveness while maintaining quality [2] - The core competitive advantages lie in equipment reliability and precision retention, which are critical hard indicators for the company's offerings [2] - Cost reduction is achieved through optimized design without compromising quality, ensuring sustainable growth [2] Group 2: Market Perspective - The company believes that the market will eventually return to rationality, where only technically proficient enterprises can sustain long-term development [2] - Strengthening after-sales service and technical support is a key strategy to enhance customer loyalty and retention [2]

证券日报网讯2月9日，科德数控在互动平台回答投资者提问时表示，公司已制定并实施《市值管理制 度》，确立了系统化管理架构，并将市值管理的相关职责纳入常态化工作考核，形成长效管理机制。 ...

Investment Rating - The report maintains a "Recommended" rating for the industry [7] Core Insights - The low-altitude economy is evolving into a comprehensive consumption ecosystem, integrating tourism and smart transportation, creating new opportunities for aviation and tourism industries [3] - The mechanical equipment sector shows strong competitive advantages for domestic leading enterprises in both supply and demand, with a steady growth outlook for the engineering machinery industry [4] Weekly Market Review - From January 25 to January 30, 2026, the Shanghai Composite Index fell by 0.44%, while the Shenzhen Component Index and the ChiNext Index decreased by 1.62% and 0.09%, respectively. The Shenwan Machinery Equipment Index dropped by 3.49%, underperforming the CSI 300 Index by 3.57 percentage points, ranking 24th among 31 Shenwan first-level industries [12] - Sub-sectors such as general equipment, specialized equipment, rail transit equipment II, engineering machinery, and automation equipment experienced declines of 4.15%, 2.79%, 3.62%, 3.91%, and 3.07%, respectively [12] Key Sector Tracking - The low-altitude economy is showing significant progress in the integration of cultural tourism and smart transportation, with various applications emerging from the Ministry of Transport's innovative case studies [3] - The rental rate index for aerial work platforms was reported at 633 points in December 2025, reflecting a month-on-month decrease of 3.8% but a year-on-year increase of 2.9% [4] Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huasheng Group, and Nairui Radar. In the complete machine sector, focus on Wanfu Aowei, Yihang Intelligent, Zongheng Co., and Green Energy Huichong. Key component manufacturers to watch are Zongshen Power, Wolong Electric Drive, Yingliu Co., and Yingboer. In air traffic management and operations, consider CITIC Haineng, Zhongke Xingtu, and Sichuan Jiuzhou [5] - In the mechanical equipment sector, recommended companies include Juxing Technology, Quanfeng Holdings, and Nine Company for the export chain. For engineering machinery, focus on Sany Heavy Industry, XCMG, and Anhui Heli. In the industrial mother machine sector, watch Huazhong CNC, Kede CNC, and Hengli Hydraulic [5]

Investment Rating - The report maintains a "Recommended" rating for the industry [7] Core Insights - The low-altitude economy is evolving into a comprehensive consumption ecosystem, integrating tourism and smart transportation, creating new opportunities for aviation and tourism industries [3] - The mechanical equipment sector shows strong competitive advantages for domestic leading enterprises in both supply and demand, with a steady growth outlook for the engineering machinery industry [4] Weekly Market Review - From January 25 to January 30, 2026, the Shanghai Composite Index fell by 0.44%, while the ShenZhen Component Index and the ChiNext Index decreased by 1.62% and 0.09%, respectively. The Shenwan Mechanical Equipment Index dropped by 3.49%, underperforming the CSI 300 Index by 3.57 percentage points, ranking 24th among 31 Shenwan first-level industries [12] - Sub-sectors such as general equipment, specialized equipment, rail transit equipment II, engineering machinery, and automation equipment experienced declines of 4.15%, 2.79%, 3.62%, 3.91%, and 3.07%, respectively [12] Key Sector Tracking - The low-altitude economy is showing significant progress in the integration of cultural tourism and smart transportation, with various applications emerging from the Ministry of Transport's innovative case studies [3] - The rental rate index for aerial work platforms was reported at 633 points in December 2025, reflecting a month-on-month decrease of 3.8% but a year-on-year increase of 2.9% [4] Investment Recommendations - For the low-altitude economy, recommended companies include ShenChengJiao, SuJiaoKe, HuaShe Group, and NaRui Radar; for complete machines, focus on WanFeng AoWei, YiHang Intelligent, ZongHeng Co., and Green Energy HuiChong; for core components, consider ZongShen Power, WoLong Electric Drive, YingLiu Co., and YingBoEr; in air traffic management and operations, look at CITIC HAIZHI, ZhongKe XingTu, and Sichuan JiuZhou [5] - In the mechanical equipment sector, recommended companies include JuXing Technology, QuanFeng Holdings, and JiuHao Company for the export chain; for engineering machinery, focus on SANY Heavy Industry, XCMG, and Anhui Heli; for industrial mother machines, consider HuaZhong CNC, KeDe CNC, and HengLi Hydraulic [5] Economic Data Tracking - The manufacturing PMI and its components are being closely monitored, with significant fluctuations noted in production and new orders [32][33] - The monthly export totals and changes are also being tracked, indicating trends in the mechanical equipment sector [38]

上市公司：锌业股份（000751），辽宁能源（600758），华锦股份（000059），沈阳化工（000698）， 恒力石化（600346），水发燃气（603318），沈阳机床（000410），冰山冷热（000530），科德数控 （688305），大连重工（002204），远大智能（002689），大连热电（600719），国电电力（600795） 2025年1-12月，辽宁省工业企业数（以下数据涉及的工业企业，均为规模以上工业企业，从2011年起， 规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元）为10192 个，和上年同期相比，增加了577个，同比增长6%，占全国的比重为1.94%。 数据来源：国家统计局，智研咨询整理 相关报告：智研咨询发布的《2026-2032年中国工业云行业市场深度评估及投资机会预测报告》 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - The company, Kede CNC, demonstrates strong independent research and development capabilities and has established significant competitive barriers through its collaboration with national industrial needs, as evidenced by its involvement in numerous standards and projects [2]. Group 1: Standards and Projects - As of December 31, 2025, the company’s core technology team has participated in the formulation of 26 national standards and 12 industry and group standards [2]. - The company has hosted and undertaken 47 national major science and technology special projects and 35 other national and local research and development projects [2].