7月30日晚间，国机精工（002046）集团股份有限公司（以下简称"国机精工"）披露投资者关系活动记 录表显示，当天公司接受多家机构投资者调研，并就风电轴承业务情况、人形机器人轴承业务进展以及 人造金刚石行业发展情况等内容展开交流。记者梳理公司公告发现，7月下旬以来，公司披露三次投资 者活动记录表，超五十家机构投资者调研了上市公司。 中国商业经济学会副会长宋向清向《证券日报》记者表示，公司被多家机构调研的背后反映了市场对高 端制造领域技术突破和产业升级的高度期待。国机精工核心业务属于高端制造稀缺标的，就技术稀缺性 而言，国机精工在风电轴承、机器人轴承、金刚石材料等领域的技术突破，符合国家战略需求，易获政 策支持和资本青睐。 公开资料显示，国机精工主要业务涵盖轴承业务、磨料磨具业务和供应链业务。其中，轴承业务和磨料 磨具业务是公司的核心业务，也是公司利润的主要来源。 盘古智库（北京）信息咨询有限公司高级研究员余丰慧对《证券日报》记者表示，全球范围内对清洁能 源的需求持续增长以及各国政府对可再生能源项目的大力支持下，风力发电已经成为最具竞争力的新能 源之一。风电产业链上的企业面临着巨大的市场机遇。公司拥有深厚的研 ...

证券之星消息，根据市场公开信息及7月30日披露的机构调研信息，西部利得基金近期对1家上市公司进 行了调研，相关名单如下： 调研纪要：国机精工在轴承和磨料磨具行业开展业务，涵盖新材料、基础零部件、机床工具、高端装 备、供应链管理与服务五大板块。特种轴承应用于航天、航空等领域，风电轴承业务订单饱满，精密机 床轴承目标跻身第一梯队。超硬材料磨具业务2024年收入约5.8亿元，半导体领域增长显著。公司持续 关注并购机会，以产品为核心，依托研发实力，聚焦国产替代，向国际一流水平看齐。 西部利得基金成立于2010年，截至目前，资产管理规模(全部公募基金)1163.05亿元，排名55/210；资产 管理规模(非货币公募基金)929.97亿元，排名50/210；管理公募基金数147只，排名52/210；旗下公募基 金经理29人，排名46/210。旗下最近一年表现最佳的公募基金产品为西部利得数字产业混合A，最新单 位净值为1.41，近一年增长70.25%。旗下最新募集公募基金产品为西部利得中证A500指数增强A，类型 为指数型-股票，集中认购期2025年5月23日至2025年8月22日。 1)国机精工（002046）(西部利得 ...

Group 1: Business Overview - The company operates in the bearing and abrasive tools industries, focusing on five main business segments: new materials, basic components, machine tools, high-end equipment, and supply chain management [3] - Special bearings and superhard material tools are the primary sources of profit, with wind power bearings being the fastest-growing segment [3] Group 2: Bearing Business - The bearing business includes special bearings, wind power bearings, and precision machine tool bearings [3] - Special bearings are used in aerospace, military, and nuclear industries, with significant contributions to major Chinese space missions [3] - Wind power bearings have seen substantial growth, with the company developing the first domestically produced 8 MW, 18 MW, and the world's first 26 MW series main shaft bearings [4] Group 3: Abrasive Tools Business - The abrasive tools segment includes superhard material tools, composite superhard materials, and diamond functional application products [4] - Superhard material tools have a strong market advantage, primarily serving the semiconductor, automotive, and optical industries [4] - The diamond functional application products are expected to play a crucial role in national major projects and emerging industries [4] Group 4: Financial Projections - The new wind power precision bearing capacity enhancement project is expected to generate revenue between 800 million to 1.1 billion CNY upon full capacity by 2027 [4] - The superhard tools business is projected to generate approximately 580 million CNY in revenue in 2024, with significant growth anticipated in the semiconductor sector [5] - The overall revenue for the abrasive tools business is expected to decline by 2.8% in 2024 due to decreased sales of six-face pressing machines [5] Group 5: Strategic Plans - The company is exploring merger and acquisition opportunities but faces challenges in finding suitable targets [5] - The focus is on product-centric strategies, leveraging strong R&D capabilities to enhance market influence and attract key clients [5]

国机精工(002046)7月29日在特定对象调研中表示，特种轴承产品业务量的恢复不及预期，风电轴承增 速较快。搬迁至新产业园后产能提升，有望支撑更多业务。 ...

Group 1: Main Business Overview - The company operates in the bearing and abrasive tools industries, focusing on five major business segments: new materials, basic components, machine tools, high-end equipment, and supply chain management [1] - Special bearings and superhard material tools are the main sources of profit, with wind power bearings being the fastest-growing segment [1] Group 2: Bearing Business - Special bearings are used in aerospace, aviation, weaponry, naval, and nuclear industries, with a leading domestic technology level [1] - Wind power bearings have seen significant advancements, including the development of the first domestic 8 MW, 18 MW, and the world's first 26 MW series main shaft bearings and gear box bearings [1] Group 3: Abrasive Tools Business - Superhard material tools have a strong market competitive advantage, primarily serving the semiconductor, automotive, optoelectronic, and mold industries [2] - The diamond functional application products are recognized for their exceptional properties and are expected to play a crucial role in major national projects and emerging industries [2] - The revenue from superhard tools is projected to be around 580 million yuan in 2024, with significant growth in the semiconductor sector [2] Group 4: Future Prospects and Challenges - The recovery of special bearing product volumes has not met expectations, while wind power bearings are growing rapidly [2] - The company plans to focus on high-value-added products in the robotics bearing sector, although no direct business relationships with humanoid robot companies have been established yet [2]

国机精工集团股份有限公司投资者关系活动记录表 编号：2025—009 | 纪录，推进国产化替代进程。 | | --- | | （三）精密机床轴承 | | 精密机床轴承近几年发展稳定，产品种类主要为精密机床主 | | 轴轴承和滚珠丝杠轴承。 | | 二、磨料磨具业务领域 | | 主要分为超硬材料磨具产品、复合超硬材料产品、金刚石功 | | 能化应用产品： | | （一）超硬材料磨具产品 | | 是具有极强市场竞争优势的核心业务，产品打破国外垄断， | | 主要服务于半导体、汽车、光电、工模具等领域。 | | （二）复合超硬材料产品 | | 聚焦石油、硬线等专业领域，金刚石复合片、金刚石拉丝模 | | 坯料和切削刀具用复合超硬材料等主要产品，金刚石复合片主要 | | 应用于石油、天然气、煤田地质钻探。 | | （三）金刚石功能化应用产品 | | 大单晶金刚石作为极限材料，拥有优异的声、光、电、磁、 | | 热等性能特点，被誉为"材料之王"，其功能化应用已经开始服 | | 务于国家重大工程和战略性新兴产业发展。金刚石更是"终极半 | | 导体材料"，其器件性能理论上是现有硅基的数万倍，未来有望 | | 在关键核心技 ...

Group 1: Business Overview - The company operates in the bearing and abrasive tools industries, focusing on five main business segments: new materials, basic components, machine tools, high-end equipment, and supply chain management [2] - Key supporting institutions include the Luoyang Bearing Research Institute and the Zhengzhou Abrasive Tools Research Institute, both established in 1958, which are leading research entities in their fields [2] Group 2: Bearing Business - The bearing business is divided into special bearings, wind power bearings, and precision machine tool bearings [2] - Special bearings are used in aerospace, military, and nuclear industries, with the company achieving significant milestones in China's space missions [3] - Wind power bearings have seen rapid growth, with the company developing the first domestically produced 8 MW, 18 MW, and the world's first 26 MW series main shaft bearings [3] Group 3: Abrasive Tools Business - The abrasive tools segment includes superhard material tools, composite superhard materials, and diamond functionalized application products [3] - Superhard material tools have a strong market position, primarily serving semiconductor and automotive industries, breaking foreign monopolies [3] - The diamond functionalized products are expected to play a crucial role in major national projects and emerging industries, with significant potential in semiconductor applications [3] Group 4: Financial Projections - The projected revenue for 2025 is approximately CNY 3.272 billion, with expected growth driven by bearings, superhard materials, and abrasive tools [4] - The wind power bearing segment is anticipated to show significant growth due to increased industry demand and the company's competitive product offerings [4] Group 5: Strategic Developments - The company is relocating its micro and small-sized bearing production lines to the Yibin Science and Technology Industrial Park, which will enhance production capacity for special and precision bearings [4] - The company has launched its own diamond brand "DEINO" and is expanding its retail presence, with plans for new stores in major cities [4]

Core Insights - The article emphasizes the importance of technological innovation as a key driver for the transformation and upgrading of traditional industries, as highlighted in the decisions made during the 20th Central Committee's third plenary session [1] Group 1: Technological Innovation and Industry Transformation - The research team conducted field studies in Shandong and Henan provinces to gather insights on how to enhance technological innovation to support the transformation of traditional industries [2] - Companies like Kaos Chuangzhi IoT Technology Co. and Shandong Shuangxing Group are implementing innovative practices, such as industrial internet applications and the establishment of multiple R&D centers, to drive their transformation [2][3] - The research team noted significant advancements in production efficiency at companies like Henan Shuanghe Huali Pharmaceutical Co., where automation has dramatically increased output rates [2] Group 2: Challenges and Bottlenecks - The research identified several bottlenecks in the application of technological innovations, including issues related to talent attraction and the efficient transformation of outdated production capacities [4] - Companies like Goer Group have faced challenges in carbon emission management and have called for increased government support in financial and tax policies [4][5] - The research team documented various obstacles faced by research institutions in applying scientific achievements, which need to be addressed to facilitate innovation [3][4] Group 3: Policy Recommendations and Future Directions - The research team suggested enhancing the role of enterprises in technological innovation by improving their decision-making power and resource allocation capabilities [6] - Recommendations include optimizing fiscal policies to expand support for traditional industries and encouraging financial institutions to develop innovative financial products to support industry transformation [6] - The report highlights the need for a strategic focus on high-end product development and original innovation capabilities to elevate the value chain position of traditional industries [6]

| | 三磨所进入国机金刚石后，公司拥有三磨所的权益比例从 | | --- | --- | | | 100%变为 67%。2024 年，三磨所实现营业收入 8.20 亿元，净利 | | | 润 1.90 亿元（合并口径）。 | | | 4.问：公司风电轴承业务的情况？ | | | 答：目前，公司风电轴承业务订单饱满，订单同比有较大幅 | | | 度增长。未来，公司计划继续适度扩大风电轴承产能。 | | | 公司风电轴承业务增速较快，一方面是行业原因，近期风电 | | | 行业景气度较高，整个行业产能偏紧，需求变好；另一方面，公 | | | 司依托自身研发优势，实现了风电主轴轴承和齿轮箱轴承的正向 | | | 设计，产品力的提升，使得公司在风电轴承高端市场拥有了一定 | | | 的市场份额。 | | | 5.问：航天轴承的相关情况 | | | 公司在航天领域所使用的轴承市场中份额较高，重点产品配 | | | 套率 90%以上，在卫星、空间站、运载火箭等均有公司的产品， | | | 商业航天的发展，将为公司带来新的发展机会。 | | 关于本次活动 | | | 是否涉及应披 | | | 露重大信息的 | 否 | | ...

| | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | 活动类别 | □现场参观☑电话会议 | | | □其他 | | | 1. 汤中建 火眼主理人、成都正福研究院 | | | 2. 陈育 成都龙凤飞私募 | | | 3. 吕华 富恩德基金 | | | 4. 胡竣凯 约牛证券投资顾问 | | | 5. 向惠 中金万象投资总经理 | | | 6. 魏锋 璟诚基金 | | | 7. 谢刚 成都希尔私募 | | | 8. 李佩柯 韬观投资 | | | 9. 郑淼 中睿合银 | | 参与单位名称 | 10. 孙春龙 誉合天成投资 | | 及人员姓名 | 11. 方敏 | | | 12. 王继川 火眼投资经理 | | | 13. 吴昊 元绪律师事务所 | | | 14. 蒋红练 火眼投资经理 | | | 15. 文晓东 | | | 16. 王健桢 | | | 17. 雪梅 | | | 18. 余峰 成都希尔私募基金 | | | 19. 孟亚琼 | | | 20. 焕茹 | | 时间 | 2025 年 5 月 30 日 | ...