科德数控(688305)8月21日晚披露2025年半年度报告，报告期内，公司实现营业收入2.95亿元，同比增长 15.24%；实现归属于上市公司股东的净利润4905.64万元，同比增长1.27%；归属于上市公司股东的扣除 非经常性损益的净利润3606.1万元，同比减少7.43%；基本每股收益0.46元。 截至报告期末，公司系列化五轴联动数控机床产品已在航天科工、航天科技（000901）、中航工业、航 发集团四大集团项下近50家用户单位广泛应用，产品涵盖柔性自动化生产线、六轴五联动叶盘加工中 心、五轴立式加工中心、五轴卧式加工中心、五轴卧式车铣复合加工中心、五轴龙门加工中心、五轴工 具磨削中心以及高速叶尖磨削中心。 据科德数控2025年半年报，报告期内，公司流量型产品五轴立式加工中心新签订单占比超过50%，新主 力军五轴卧式加工中心、五轴卧式车铣复合加工中心新签订单占比约30%，六轴五联动叶盘加工中心新 签订单占比近10%。公司流量产品获新老客户青睐。 新品六轴五联动叶盘加工中心KTBM1200、五轴车铣复合加工中心KMU180T首次签单，德创系列新品 高精密五轴立式加工中心DMC55系列产品获民营客户持续青睐 ...

Group 1: Kede CNC - Kede CNC is focusing on humanoid robot technology, particularly in motion control technology adaptation and core component manufacturing applications [1] - The company has developed proprietary five-axis machining centers and linear motors to enhance precision and acceleration in manufacturing robot parts [1] - The demand for large aircraft in China is projected to require 8,278 new passenger aircraft from 2024 to 2043, significantly boosting the aviation manufacturing supply chain [1] - Kede CNC's products are applicable in manufacturing core components for large aircraft, including engines and structural parts, and the company has established partnerships with major aviation manufacturers [1] Group 2: Jingbeifang - Jingbeifang is focusing on stablecoin technology and its advantages in cross-border payments, emphasizing improved timeliness and reduced costs [2] - The company plans to enhance communication and collaboration with clients to explore the application of stablecoin technology in various business scenarios [2] - Jingbeifang aims to strengthen partnerships with both financial and non-financial institutions to expand business opportunities while adhering to regulatory requirements [2]

Core Viewpoint - Kode CNC has demonstrated strong growth in revenue and profit, with a focus on high-end CNC machine tools and components, while expanding its presence in the humanoid robotics and large aircraft markets [1][2][3][4] Group 1: Financial Performance - In 2024, Kode CNC achieved a revenue of 605 million yuan, representing a year-on-year growth of 33.88% [1] - The net profit for 2024 was 130 million yuan, with a year-on-year increase of 27.37% [1] - The basic earnings per share were 1.31 yuan, and the gross margin for the main business was 42.87%, significantly higher than industry peers [1] Group 2: Order and Market Segmentation - The company signed new orders with a year-on-year growth rate of approximately 24% [1] - In the domestic new orders, the aerospace sector accounted for about 53%, with a year-on-year growth of approximately 10% [1] - Other sectors included higher education at 12%, machinery at 11%, energy at 10%, automotive at 6%, and a combined total of 8% for weapons, ships, and tools [1] Group 3: Humanoid Robotics Development - Kode CNC is focusing on motion control technology adaptation and core component manufacturing for humanoid robots [2] - The company has developed control algorithms and servo drives that can be applied to humanoid robot systems, enhancing motion control and precision [2] - Kode CNC's self-developed five-axis machining centers are utilized for manufacturing robot joints and components, indicating a strong position in the robotics supply chain [2] Group 4: Large Aircraft Market Potential - The large aircraft market in China is projected to require 8,278 new passenger aircraft from 2024 to 2043, with a total fleet size expected to reach 8,905 by 2043 [3] - The production of the domestically developed C919 aircraft is anticipated to significantly boost demand for five-axis machine tools in the aerospace manufacturing sector [3] - Kode CNC's products are designed to efficiently process key components for aircraft engines and structures, positioning the company well within the aerospace supply chain [3][4] Group 5: Strategic Partnerships - Kode CNC has provided equipment to nearly 30 main engine manufacturers and research institutes under the Aviation Industry Corporation of China [4] - The company is committed to deepening cooperation with major aircraft manufacturers like COMAC, enhancing its competitive edge in domestic substitution [4]

Group 1: Exhibition Overview - The 19th China International Machine Tool Exhibition was held in Beijing, covering an area of 310,000 square meters, making it the largest machine tool exhibition globally in the past decade [1] - Over 2,400 enterprises from 31 countries and regions showcased the latest technologies and products, highlighting the forefront trends in the machine tool industry [1] Group 2: AI-Driven Innovations - The exhibition featured the world's first intelligent CNC system integrated with AI chips and models, marking a significant breakthrough in high-end CNC systems in China [2] - The new system possesses autonomous learning capabilities and can make intelligent decisions equivalent to an engineer with 2-3 years of experience, continuously evolving through data training [2] Group 3: Heavy Machinery Developments - Wuhan Heavy Machine Tool Group launched the world's first intelligent heavy machine tool, enhancing performance and reliability through AI integration [3] - The intelligent heavy machine tool utilizes a dynamic digital twin platform for real-time monitoring and precision compensation, significantly improving machining accuracy [3] Group 4: Emerging Industry Demands - The growth of new industries, such as 3C electronics and new energy vehicles, has created new demands for machine tools, leading to the rise of several domestic machine tool enterprises [4] - The demand for high-strength steel plates in the automotive sector has accelerated the development of laser cutting technologies, with companies like Wuhan Huagong Laser Engineering showcasing advanced AI-integrated equipment [5] Group 5: International Market Integration - The machine tool industry is crucial for national security and development, with companies encouraged to innovate and participate in international supply chains to enhance global competitiveness [7] - The exhibition attracted over 800 foreign machine tool companies, indicating a growing trend of international collaboration and investment in China's machine tool sector [8]