Core Viewpoint - The company has begun mass production of motor products for users, specifically for thread grinding machines used in the processing of lead screws and other threaded components [1] Group 1 - The company is providing motor products in bulk to users [1] - The motor products are intended for use in thread grinding machines [1] - The application of these products is focused on processing lead screws and other threaded parts [1]

Core Viewpoint - Kede CNC (688305.SH) specializes in high-end five-axis CNC machine tools, which are widely used in various industries including aerospace, automotive, nuclear power, new energy, tooling, precision molds, mechanical processing, low-altitude economy, and medical fields [1] Group 1 - Kede's series of high-end five-axis CNC machine tools are suitable for metal cutting processing [1] - The company's products feature industrial-grade 3D printing capabilities [1] - Kede has not yet developed desktop-level five-axis CNC machine tools [1]

Core Viewpoint - The company, Kede CNC (688305.SH), emphasizes its self-controlled core technology and has established a complete technology chain consisting of "CNC system + key functional components + high-end five-axis machine tools" [1] Group 1: Technology and Product Offering - The company offers a diverse range of five-axis CNC machine tools, including five-axis vertical machining centers, horizontal machining centers, horizontal turning-milling composite machines, five-axis gantry machining centers, and six-axis five-linkage blade processing centers [1] - The precision of the products reaches the micron level, with core indicators benchmarked against international leading standards, and some performance metrics are ahead of competitors [1] Group 2: Market Applications - The downstream applications of the company's products cover various industries, including aerospace, automotive, nuclear power, new energy, precision molds, mechanical processing, low-altitude economy, and medical sectors, achieving batch import substitution [1] - The precision five-axis vertical machining center DMC55 UP is specifically designed for processing metal and non-metal parts used in lithography machines [1]

Group 1 - The stock of Tsugami Machine Tool (01651) rose over 5% in late trading, reaching 31.68 HKD with a trading volume of 62.65 million HKD [1] - Tsugami Machine Tool has been actively repurchasing shares, spending 2.946 million HKD to buy back 100,000 shares on September 12 and 3.31694 million HKD for 110,000 shares on September 15 [1] - Year-to-date, the company has conducted 41 share repurchases totaling 6.237 million shares and over 130 million HKD in total repurchase amount [1] Group 2 - The company is strategically investing in emerging sectors such as humanoid robots, medical applications, and AIDC liquid cooling [1] - Tsugami'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] - In March, Tsugami Precision signed its 12th capital increase project in Pinghu, with total investments exceeding 100 million USD, aimed at meeting the demand for precision CNC machine tools in the electric vehicle, humanoid robot, and AI-related markets [1]

Core Viewpoint - Tsugami Machine Tool (01651) has seen a significant increase in stock price, rising over 5% in late trading, attributed to recent share buybacks and strategic investments in emerging sectors [1] Group 1: Stock Performance - Tsugami Machine Tool's stock price rose by 4.76%, reaching HKD 31.68, with a trading volume of HKD 62.65 million [1] - The company has conducted 41 share buybacks this year, totaling 6.237 million shares and exceeding HKD 130 million in total buyback amount [1] Group 2: Strategic Investments - The company is actively investing in emerging sectors such as humanoid robots, medical technology, and AIDC liquid cooling [1] - Tsugami's products are utilized in the manufacturing of planetary ball screw and robotic dexterous hands, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] - In March, Tsugami Precision signed its 12th capital increase project in Pinghu, with total investments exceeding USD 100 million, aimed at meeting the demand for precision CNC machine tools in the electric vehicle, humanoid robot, and AI-related markets [1]

Core Insights - In the first eight months of this year, China's trade with ASEAN reached a record high of 4.93 trillion yuan, marking a year-on-year increase of 9.7% and accounting for 16.7% of China's total trade value during the same period [1][2] - China and ASEAN have been each other's largest trading partners for five consecutive years, with trade volume increasing from over 870 billion yuan in 2004 to nearly 7 trillion yuan in 2024, representing a sevenfold growth [1] - ASEAN has maintained its position as China's largest trading partner for agricultural products for eight consecutive years, with agricultural trade between China and ASEAN reaching 290.6 billion yuan in the first eight months, also up by 9.7% [1] Trade Dynamics - The manufacturing cooperation between China and ASEAN is increasingly close, with over 90% of the trade in manufacturing products. Exports of machine tools and auto parts from China to ASEAN grew by 56.1% and 22% respectively, while imports of computer components and printed circuits from ASEAN increased by 47.4% and 22.2% [2] - The China-ASEAN Free Trade Area is advancing towards version 3.0, which will further expand cooperation areas and promote deep integration of regional supply chains and economic development [2]

Core Viewpoint - The company Nuway CNC experienced a decline in stock price and significant changes in financing activities, indicating potential volatility in its market performance [1][2]. Financing Activities - On September 15, Nuway CNC's stock fell by 1.49%, with a trading volume of 58.107 million yuan. The financing buy-in amount was 9.9671 million yuan, while the financing repayment was 13.5929 million yuan, resulting in a net financing outflow of 3.6258 million yuan [1]. - As of September 15, the total financing and securities balance for Nuway CNC was 157 million yuan, with the financing balance accounting for 2.27% of the circulating market value, which is above the 90th percentile level over the past year [1]. - There were no shares sold or repaid in the securities lending market on September 15, with the securities lending balance also at zero, indicating a high level of inactivity in this area [1]. Company Performance - For the first half of 2025, Nuway CNC reported a revenue of 1.278 billion yuan, reflecting a year-on-year growth of 9.99%. However, the net profit attributable to shareholders decreased by 10.17% to 130 million yuan [2]. - The company has distributed a total of 604 million yuan in dividends since its A-share listing, with 523 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Nuway CNC increased to 12,200, a rise of 3.73% from the previous period. The average circulating shares per person increased by 34.96% to 37,385 shares [2]. - Among the top ten circulating shareholders, Ping An Advanced Manufacturing Theme Stock Fund is a new entrant, holding 1.6973 million shares, while some previous shareholders have exited the list [3].

Group 1 - The core viewpoint of the article is that Qiaofeng Intelligent (301603.SZ) has highlighted the application of its CNC machine tools in the processing of structural components for new energy vehicle battery trays and energy storage battery boxes, as well as in the automation equipment for battery production lines [1] Group 2 - The company's CNC machine tools are positioned to support the growing demand in the new energy vehicle sector, particularly in battery-related manufacturing processes [1] - The interaction on the platform indicates a strategic focus on sectors that are critical for the future of energy storage and electric vehicles [1]

Core Viewpoint - Company has developed and produced various types of high-end grinding and pulling machines, indicating a strong position in the precision machinery market [1] Group 1: Product Development - Company has successfully developed high-precision flat grinding machines, composite vertical grinding machines, guide rail grinders, tenon and groove pullers, and spiral pullers [1] - The high-precision CNC composite vertical grinding machine is applicable in bearing components, aerospace, and mechanical processing sectors [1] - The spiral puller is suitable for applications in gear reducers and robotics [1] - The tenon and groove puller can be utilized in aerospace, marine, and nuclear power industries [1]

Group 1 - Zhejiang Haideman Intelligent Equipment Co., Ltd. experienced a decline of 5.32% on September 15, with a stock price of 127.37 yuan per share, a trading volume of 185 million yuan, a turnover rate of 1.24%, and a total market capitalization of 14.174 billion yuan [1] - The company, established on March 17, 1993, and listed on September 16, 2020, specializes in the research, design, production, and sales of CNC lathes. Its main business revenue composition includes high-end CNC lathes at 70.99%, popular CNC lathes at 12.36%, automated production lines at 12.34%, parts and others at 2.67%, and parallel composite processing centers at 1.64% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Huaxia Fund has a significant holding in Zhejiang Haideman. Huaxia Panrui One-Year Open Mixed A (009837) increased its holdings by 6,827 shares in the second quarter, holding a total of 135,300 shares, which accounts for 5.63% of the fund's net value, making it the largest heavy stock [2] - The fund has a current scale of 104 million yuan and has achieved a return of 47.92% this year, ranking 969 out of 8,246 in its category. Over the past year, it has returned 94.75%, ranking 600 out of 8,054, and since its establishment, it has returned 73.19% [2]