Company Overview - The company specializes in multi-station high-speed automatic cold forming equipment, primarily used for producing fasteners and irregular parts [3] - Cold forming technology is defined as "bulk metal forming technology at room temperature" [3] Production and Delivery - Production time varies significantly based on product complexity; small to medium models typically take 3-5 months, while large, customized models can take 6-12 months [3] - The company currently has a sufficient order backlog, with production schedules tightly packed [3] Downstream Applications - Key downstream industries include automotive, machinery, nuclear power, wind power, electrical, railways, construction, electronics, military, aerospace, petrochemical, shipping, and tools [4] - New application areas such as industrial robotics and security have emerged, although they contribute a small percentage to overall revenue [4] Market Size and Share - The company is the first publicly listed cold forming equipment manufacturer in A-shares; however, there is a lack of authoritative sales statistics for the industry [6] - The company aims to expand its market share by increasing R&D investment and production capacity while improving marketing and after-sales service [6] Marketing Strategy - The company employs a direct sales model, promoting products through industry exhibitions and advertisements in professional media [7] - International sales are primarily focused on countries such as India, Thailand, Turkey, Egypt, Brazil, Argentina, Algeria, Malaysia, and Tunisia [7] Talent Development - Training skilled technicians requires several years of practical experience due to the complexity of assembly and debugging processes [8] - The company emphasizes a craftsmanship spirit to cultivate dedicated and innovative technical talent [8] Equipment Lifespan - The typical lifespan of cold forming equipment is around 10 years, assuming no technological updates are required [9] Capacity Expansion - The company operates three production bases, with a new facility for multi-station high-precision intelligent forming equipment completed in June 2022 [9][10] - A new project for manufacturing heavy-duty customized equipment is expected to be completed by 2025 [10] Technological Advancements - The company is in the substantial development phase of multi-station intelligent precision warm forming equipment, with prototypes currently being tested [11] - Warm forming technology enhances material properties and allows for the efficient production of complex parts [11][12] Patent Portfolio - The company holds 13 patents related to warm forming technology, including 6 invention patents, and has overcome key technical challenges in this area [12][13]

Company Overview - 思进智能 is the first listed company in the cold forming equipment manufacturing industry in A-shares [4] - The company has three production bases [13] Market and Applications - The main downstream application fields for cold forming equipment include automotive, machinery, nuclear power, wind power, electrical, railway, construction, electronics, military, aerospace, petrochemical, shipping, and tools [3] - New application fields such as industrial robots and security have emerged, but their revenue contribution is relatively small [3] - The market share of cold forming equipment is currently unquantified due to a lack of authoritative sales statistics [4] Financial Performance - As of December 31, 2024, the company has effective orders amounting to approximately RMB 293 million [6] - The overseas revenue accounts for about 16.78% of total revenue, with major markets including India, Thailand, Turkey, Egypt, Brazil, Argentina, Algeria, Malaysia, and Tunisia [6] Production and Technology - The company employs a combination of order production and stock production management models [10] - The production cycle for medium and small models typically takes 3-5 months, while high-station, large-diameter, and customized heavy equipment can take 6-12 months [10] - The company has developed a multi-station intelligent precision warm forging equipment, with one prototype completed and another in trial production [12][13] Talent Development - The company aims to cultivate skilled technicians with a focus on craftsmanship and innovation [11] Future Plans - The company plans to expand its production capacity through new projects, including a manufacturing base for multi-station precision warm forging equipment, expected to be completed by 2025 [14]