证券日报网讯1月7日，科德数控在互动平台回答投资者提问时表示，2025年前三季度，公司研发投入 14053.05万元，同比增长20.42%。研发投入占营收比重35.09%。2024年度及2025年前三季度，公司分别 新增主持及承担国家级重要课题项目15项和3项。高强度研发投入旨在不断攻克高端工业母机关键核心 技术，形成全自主可控的国产高端装备。 ...

Core Viewpoint - Shanghai Topu Numerical Control Technology Co., Ltd. (Topu Numerical Control) has submitted a listing application to the Hong Kong Stock Exchange after achieving profitability in 2024 following years of losses, with revenue growth nearing threefold over the past two years [1][2]. Group 1: Company Overview - Topu Numerical Control, established in 2007, focuses on the research, design, production, and sales of high-end intelligent manufacturing equipment, primarily five-axis CNC machine tools used in the aerospace sector [2][7]. - The company ranks first in the Chinese aerospace five-axis CNC machine tool market, holding an 11.6% market share [2]. Group 2: Financial Performance - After losses in 2022 and 2023, Topu Numerical Control reported a profit of 6.89 million RMB in 2024, with gross profit rising from a loss of 24.79 million RMB in 2022 to nearly 200 million RMB in 2024 [3][4]. - Revenue figures for the fiscal years 2022, 2023, and 2024 were 136 million RMB, 335 million RMB, and 531 million RMB, respectively, indicating a growth of nearly three times over two years [2][4]. Group 3: Market and Industry Context - The global CNC machine tool market is projected to exceed 130 billion USD by 2025, with China accounting for 30% of this market, expected to surpass 450 billion RMB this year [2]. - The high-end five-axis machine tool market in China is estimated to exceed 13 billion RMB [2]. Group 4: Product and R&D Developments - Topu Numerical Control has expanded its product line, achieving revenue of 23.84 million RMB from compact general-purpose five-axis machine tools in fiscal year 2024, and 19.02 million RMB from large-size carbon fiber composite five-axis machine tools in the first half of fiscal year 2025 [5]. - R&D expenditures have decreased from 108 million RMB in 2022 to 86 million RMB in 2024, with a further reduction to 36 million RMB in the first half of 2025 [5][6]. Group 5: Funding and IPO Attempts - Topu Numerical Control has completed multiple funding rounds since 2011, with a valuation reaching 580 million RMB by the end of 2023 [8]. - This marks the company's fourth attempt at going public, having previously applied for listings on the Sci-Tech Innovation Board in 2019 and 2020, both of which were terminated during the inquiry stage [8].