Core Viewpoint - Guosheng Zhike has been deeply engaged in the CNC metal cutting machine tool sector for 25 years, focusing on high-end CNC machine tools, particularly gantry machining centers [1] Company Overview - Guosheng Zhike is recognized as a national high-tech enterprise, a national specialized and innovative small giant enterprise, an excellent private enterprise in Jiangsu Province, a private technology enterprise in Jiangsu Province, and a leading enterprise in hard technology on the Sci-Tech Innovation Board [1] Product Development - The MX650 five-axis vertical machining center, independently developed by the company, won the title of the first major equipment in Jiangsu Province in 2025 [1] - This product integrates the company's advantageous resources and various patented technologies, with core components such as the cradle rotary table and electric spindle manufactured in-house, possessing independent intellectual property rights [1] - The product features high precision, good stability, and high processing efficiency, widely applied in civil aviation, precision molds, medical equipment, and semiconductors, significantly filling the gap in the domestic high-end CNC machine tool self-sufficiency rate [1] Strategic Focus - The company focuses on the CNC metal cutting machine tool main business, with high-end machine tool import substitution as its strategic core [1] - It continues to consolidate its industrial chain advantages, driven by customer demand, independent research and development, and technological innovation [1] - The company is committed to building its own brand, with the mission of "prospering the industry and strengthening the enterprise," consistently pursuing excellent product quality and operational quality to ensure steady performance improvement and long-term sustainable development [1]

消息面上，9月30日，津上机床中国耗资1140.12万港元回购35万股。据统计，今年以来该股累计进行50 次回购，合计回购728.80万股，累计回购金额1.64亿港元。中金此前发布研报称，津上机床中国是中高 端数控车床领军企业，内生竞争力突出，首次覆盖给予"跑赢行业"评级。市场暂未充分重视液冷、机器 人的增量潜力，而该行坚定看好其带来的机会。 津上机床中国(01651)再涨超6%，高见34.56港元再创新高，年内累计涨幅接近200%。截至发稿，涨 5.23%，报34.2港元，成交额5893.65万港元。 ...

Core Insights - Kede CNC is a leading domestic manufacturer of high-end CNC systems and key functional components in China, specializing in the integration of machine tools, control systems, feedback devices, and motors [1] - The company has established itself as a significant production and sales base for five-axis equipment in China, demonstrating a high level of professional autonomy [1] - Kede CNC has formed a partnership with Shenyang Aviation Industry and Shenyang Aircraft Corporation to create the first domestic pilot base for large aircraft structural component process verification, focusing on overcoming core bottlenecks in the R&D and mass production of complex components for civil aircraft and drones [1] Product Development - The new five-axis turning and milling composite processing center KMU180T has been deployed for processing aviation engines for large civil aircraft [1] - A six-axis five-linkage integral blade milling center has received small batch orders [1] - New products, including a large and small flip milling processing center for aircraft structural components, are currently in the application verification stage [1]

Core Viewpoint - Kede CNC is a leading domestic manufacturer of high-end CNC systems and key functional components in China, focusing on integrated machine tools and control systems [1] Group 1: Company Overview - Kede CNC has achieved significant scale as a production and sales base for five-axis equipment in China [1] - The company is recognized for its high degree of specialization and autonomy in manufacturing [1] Group 2: Strategic Developments - In June 2025, Kede CNC, in collaboration with Shenyang Aviation Industry and Shenyang Aircraft Corporation, established the first domestic pilot test base for large aircraft structural components based entirely on domestically produced five-axis CNC machine tools [1] - This initiative aims to address core bottlenecks in the R&D and mass production of complex structural components for civil aircraft and drones, which is strategically significant for national defense and high-end equipment supply chain security [1] Group 3: Product Innovations - The newly developed five-axis turning and milling composite processing center KMU180T has been put into use for processing aviation engines for large civil aircraft [1] - A six-axis five-linkage integrated blade milling processing center has received small batch orders [1] - New products, including a large and small flip milling processing center for aircraft structural components, are currently in the application verification stage [1]

Core Viewpoint - Tsugami Machine Tool China (01651) announced a share buyback plan, intending to repurchase 350,000 shares at a total cost of HKD 11.4012 million, with individual share prices ranging from HKD 31.74 to HKD 32.82 [1] Summary by Category - **Company Actions** - The company plans to buy back 350,000 shares [1] - The total expenditure for the buyback is HKD 11.4012 million [1] - The buyback price per share is set between HKD 31.74 and HKD 32.82 [1]

Core Viewpoint - Tsugami Machine Tool China (01651.HK) announced a share buyback plan, intending to repurchase 350,000 shares at a total cost of HKD 11.4012 million, with a price range of HKD 31.74 to HKD 32.82 per share [1] Summary by Category - **Company Actions** - The company plans to execute a share buyback on September 30, 2025, with a total expenditure of HKD 11.4012 million [1] - The buyback will involve repurchasing 350,000 shares [1] - The price range for the buyback is set between HKD 31.74 and HKD 32.82 per share [1]

（文章来源：每日经济新闻） 恒而达（300946.SZ）9月30日在投资者互动平台表示，尊敬的投资者，您好！SMS公司携其主要磨床产 品参加了于2025年9月22日至9月26日举办的德国汉诺威国际机床展（EMO Hannover 2025），恒而达的 部分产品也同台参展。未来公司将持续借助各类国内外顶级展会平台，推动公司与客户的技术交流与商 业合作，为业务发展注入新动能。 每经AI快讯，有投资者在投资者互动平台提问：董秘你好！9月22日至9月26日是德国汉诺威2025国际 机床展，请问贵司德国全资子公司SMS是否有参展？另外，恒而达智能装备是否也有同台展示？ ...

Group 1 - The core viewpoint of the news is that Nuwei CNC has shown fluctuations in financing activities and stock performance, indicating a high level of investor interest and potential volatility in the market [1][2]. - As of September 29, Nuwei CNC's stock price increased by 1.81%, with a trading volume of 58.04 million yuan, while the net financing buy was negative at -3.89 million yuan [1]. - The financing balance of Nuwei CNC reached 141 million yuan, accounting for 2.04% of its market capitalization, which is above the 80th percentile of the past year, indicating a high level of financing activity [1]. Group 2 - As of June 30, the number of shareholders of Nuwei CNC increased by 3.73% to 12,200, with an average of 37,385 circulating shares per person, reflecting growing investor interest [2]. - For the first half of 2025, Nuwei CNC reported a revenue of 1.278 billion yuan, representing a year-on-year growth of 9.99%, while the net profit attributable to shareholders decreased by 10.17% to 130 million yuan [2]. - Since its A-share listing, Nuwei CNC has distributed a total of 604 million yuan in dividends, with 523 million yuan distributed over the past three years [3]. Group 3 - As of June 30, 2025, among the top ten circulating shareholders, Ping An Advanced Manufacturing Theme Stock Fund is a new entrant, holding 1.6973 million shares, while Huaxia CSI Robotics ETF and Hong Kong Central Clearing Limited have exited the top ten [3].

Core Viewpoint - Tsugami Machine Tool China (01651) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company plans to repurchase 40,000 shares at a total cost of HKD 1.306 million [1] - The buyback price per share ranges from HKD 32.32 to HKD 33 [1] - The buyback is scheduled to occur on September 29, 2025 [1]

Core Viewpoint - The company,津上机床中国, announced a share buyback plan, indicating confidence in its financial position and future prospects [1] Group 1: Company Actions -津上机床中国 plans to repurchase 40,000 shares at a total cost of HKD 1.306 million [1] - The buyback price per share ranges from HKD 32.32 to HKD 33 [1]