来源：科普启示录小强哥 我国的数控机床正在向着高端化快速迈进，很多人突然意识到一个问题，此前，如果不是因为瑞士跟随 着美国对我国实施机床断供政策，国内的机床还不会发展的更迅猛。 换句话说，瑞士此前的态度倒逼了我国的机床产业一把。不过，从整体上来看，我国近年来的机床产业 一直在发展，国产化率原本就在不断提高。 那么瑞士的机床在世界上处于一个什么样的地位？我国的机床发展又达到了何种程度呢？ 精密机械加工确实牛 从客观的角度来看，瑞士的精密机械加工产业确实厉害。一个最典型的例子就是瑞士的手表多年以来在 世界上很知名，别看手表那么小，但是背后代表的恰恰是精密机械产业的发展程度。 精密机械加工的背后，实际上正是瑞士机床产业的雄厚实力。长期以来，人们都以为德国和日本的机床 才很厉害，实际上瑞士的机床也毫不逊色，多年来的出口规模一直能排进世界前5位。 机床出口产生的收益在过去20多年来一直稳居世界第一。看到这里，你似乎就能够明白瑞士为什么能够 成为发达国家了吧。机床产业贡献了一定的比例。 有人曾经算过这样一笔账，如果把机床当成废铁来卖的话，瑞士机床一公斤的价格是日本机床的2.8 倍，是美国机床的3.2倍，更是我国机床的10 ...

Core Insights - Tsugami Machine Tool China (01651) saw a stock increase of over 7%, reaching 28.58 HKD with a trading volume of 79.25 million HKD [1] Financial Performance - For the fiscal year 2025 (April 2024 - March 2025), the company reported a net profit of 782 million RMB, a year-on-year increase of 63% [1] - Revenue for the same period was 4.262 billion RMB, reflecting a year-on-year growth of 36.6% [1] Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, potentially surpassing the record set in fiscal year 2022 [1] - The expansion into new markets such as AI liquid cooling connectors and automotive electric braking systems is expected to drive revenue growth [1] Industry Trends - Tsugami Machine Tool China is enhancing its production line and optimizing existing machine designs while actively entering emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1] - The company's products are utilized in planetary ball screw processing and robotic dexterous hands, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] - According to Northeast Securities, the upgrade of downstream industries and equipment renewal policies are accelerating the localization of high-end machine tools [1] - The mass production of humanoid robots is expected to increase demand for core components, with the machine tool equipment market potentially reaching a growth space of 100 billion RMB [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a stock price increase of over 7%, with a current price of 28.58 HKD and a trading volume of 79.2553 million HKD, following the release of its fiscal year 2025 report, which shows significant growth in profit and revenue [1] Financial Performance - For the fiscal year 2025 (April 2024 - March 2025), the company reported a net profit of 782 million RMB, representing a year-on-year increase of 63% [1] - The revenue for the same period reached 4.262 billion RMB, marking a year-on-year growth of 36.6% [1] Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, potentially surpassing the record set in fiscal year 2022 [1] - The expansion into new markets such as AI liquid cooling joints and automotive electric braking systems is expected to drive revenue growth [1] Product and Market Development - Tsugami Machine Tool China is actively enhancing its product line and optimizing existing machine designs while venturing into emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1] - The company's products are utilized in planetary ball screw processing and robotic dexterous hand manufacturing, with key equipment including automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] Industry Trends - According to Northeast Securities, the upgrade of downstream industries and equipment renewal policies are accelerating the localization of high-end machine tools [1] - The mass production of humanoid robots is expected to increase the demand for core components, with the incremental space for machine tool equipment projected to reach 10 billion RMB [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock increase of over 7%, with a current price of 28.58 HKD and a trading volume of 79.25 million HKD, following the release of its fiscal year 2025 report indicating strong financial performance and growth prospects [1]. Financial Performance - The company reported a net profit of 782 million RMB for the fiscal year 2025, representing a year-on-year increase of 63% [1]. - Revenue reached 4.262 billion RMB, marking a 36.6% year-on-year growth [1]. Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, with expectations to surpass the record set in fiscal year 2022 [1]. - The expansion into new markets such as AI liquid cooling connectors and automotive electric brake systems is anticipated to drive revenue growth [1]. Product and Market Development - Tsugami Machine Tool China is actively enhancing its production line and optimizing existing machine designs while venturing into emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1]. - The company's products are utilized in planetary ball screw processing and robotic dexterous hand manufacturing, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1]. Industry Trends - According to Northeast Securities, the upgrade of downstream industries combined with equipment renewal policies is accelerating the localization of high-end machine tools [1]. - The mass production of humanoid robots is expected to increase the demand for core components, with the potential for machine tool equipment market growth reaching hundreds of billions [1].