Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant increase in stock price, reaching a new high of 34.56 HKD, with a year-to-date increase of nearly 200% [1] Group 1: Stock Performance - As of the latest update, the stock rose by 5.23%, trading at 34.2 HKD with a transaction volume of 58.9365 million HKD [1] - The company has conducted 50 share buybacks this year, totaling 7.288 million shares and an aggregate buyback amount of 164 million HKD [1] Group 2: Market Analysis - CICC has issued a report stating that Tsugami Machine Tool China is a leading player in the mid-to-high-end CNC lathe market, highlighting its strong internal competitiveness [1] - The market has not yet fully recognized the growth potential from liquid cooling and robotics, which CICC views as significant opportunities for the company [1]

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]

Core Viewpoint - The company Heng Er Da (恒而达) confirmed participation in the EMO Hannover 2025 international machine tool exhibition, showcasing its products alongside its subsidiary SMS's main grinding machines [2]. Group 1 - The EMO Hannover 2025 exhibition is scheduled from September 22 to September 26, 2025 [2]. - SMS, the company's wholly-owned subsidiary in Germany, will present its main grinding machine products at the exhibition [2]. - Heng Er Da will also display some of its products at the same event, indicating a collaborative approach to enhance technical exchanges and business cooperation [2]. Group 2 - The company aims to leverage various domestic and international top-tier exhibition platforms to drive technological communication and business collaboration with clients [2]. - This strategy is intended to inject new momentum into the company's business development [2].

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]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant increase in stock price, rising over 8% and reaching 32.78 HKD, with a trading volume of 77.4634 million HKD, following the announcement of share buybacks and positive market outlook from CICC [1] Group 1: Company Performance - On September 26, Tsugami Machine Tool China announced a share buyback of 150,000 shares at a cost of 4.65614 million HKD [1] - Year-to-date, the company has conducted 48 buybacks, totaling 6.898 million shares and an aggregate amount of 151 million HKD [1] Group 2: Market Position and Outlook - CICC has initiated a "outperform industry" rating for the company, highlighting its strong competitive edge in the mid-to-high-end CNC lathe market [1] - The market has not fully recognized the growth potential in liquid cooling and robotics, which CICC views as significant opportunities for the company [1] - The company is actively expanding into AI liquid cooling connector processing, humanoid robot screw and reducer processing, indicating a strategic focus on emerging technologies [1] - Potential catalysts for growth include advancements in liquid cooling infrastructure and humanoid robot grinding machines [1]