Core Viewpoint - Okada Intelligent (Jiangsu) Co., Ltd. is accelerating its IPO process amid challenges, including a concentrated ownership structure and declining product prices, with a planned fundraising of 985 million yuan [1][2]. Company Overview - Okada Intelligent specializes in core components for CNC machine tools, with major products including tool magazines, spindles, and rotary tables, primarily used in metal cutting CNC machine tools [2]. - The company was established in 2013 and has experienced a long period of shareholding proxy arrangements, only introducing an external shareholder in June 2023 [1][7]. Financial Performance - From 2022 to 2024, Okada Intelligent reported revenues of 767 million yuan, 773 million yuan, and 932 million yuan, with net profits of 119 million yuan, 132 million yuan, and 169 million yuan respectively [2][3]. - The company’s net profit showed a trend of decline followed by recovery, with a notable drop in the average selling price of its main products [2][3]. Market Position - Okada Intelligent holds a market share of approximately 2.78% to 4.38% in the domestic CNC machine tool component industry, ranking just behind the listed company Haoshi Electromechanical [2]. - It is the largest manufacturer of tool magazines in China [2]. Product Pricing and Production Capacity - The average selling price of tool magazines decreased by nearly 8% from 15,900 yuan to 14,600 yuan between 2022 and 2024 [2][3]. - The production capacity for tool magazines increased from 37,200 units to 53,300 units during the same period, with utilization rates fluctuating [3]. R&D Investment - Okada Intelligent's R&D expenditures from 2022 to 2024 were 38.01 million yuan, 36.40 million yuan, and 44.64 million yuan, with R&D expense ratios below industry averages [4][5]. - The company has significantly fewer patents compared to its competitor Haoshi Electromechanical, indicating a gap in technological capabilities [6]. Ownership Structure - The ownership of Okada Intelligent is highly concentrated, with the founders controlling 91.74% of the shares as of now, and they are expected to retain 68.81% post-IPO [7][8]. - The introduction of an external investor, Industrial Mother Machine Industry Fund, involved a performance-based agreement that could trigger buyback options if IPO milestones are not met [8][9].

Company Overview - Okada Intelligent (Jiangsu) Co., Ltd. has changed its listing application status on the Shenzhen Stock Exchange to "inquired" as of July 13 [2] - The company is a homegrown enterprise based in Danyang, Zhenjiang, and is not a subsidiary of a Japanese company [3] Product Significance - Okada Intelligent specializes in the production of tool changers for CNC machine tools, which are essential for manufacturing processes [4] - The tool changer acts as a large-capacity toolbox for CNC machines, automatically selecting and loading the appropriate tools for complex tasks [4][5] Market Position and Growth - Okada Intelligent has become the largest tool changer manufacturer in China, with a product range that includes various types of tool changers and spindles [5] - The company has established partnerships with notable CNC machine manufacturers both domestically and internationally [5] Financial Performance - Projected revenues for Okada Intelligent from 2022 to 2024 are approximately 767 million, 773 million, and 932 million yuan, with net profits of about 119 million, 132 million, and 169 million yuan respectively [7] - The company has invested 1.5 billion yuan in a high-end CNC machine core components project, which is expected to generate an additional annual output value of over 500 million yuan upon full production [7] Industry Trends - The Chinese tool changer market is expected to reach a scale of approximately 3 to 5 billion yuan by 2024, with a growing demand for intelligent tool changers that integrate sensors and smart controls [8] - The development of tool changers is moving towards higher speed and intelligence, with a focus on real-time monitoring and management of tool conditions [8] Competitive Landscape - Okada Intelligent faces competition from companies like Fangguan CNC and Dejie Machinery, which offer customized solutions and a variety of tool changer designs [9] - The domestic market is gradually moving towards breaking the high-end market monopoly held by foreign companies, particularly in aerospace and precision manufacturing sectors [10]

Core Viewpoint - Okada Intelligent (Jiangsu) Co., Ltd. is seeking to change its listing status on the Shenzhen Stock Exchange to "inquired" and plans to raise approximately 985.28 million yuan through its IPO, focusing on the development, production, and sales of core components for CNC machine tools [1]. Company Overview - Okada Intelligent specializes in the research, production, and sales of core functional components for CNC machine tools, including tool magazines, spindles, and rotary tables, primarily used in metal cutting CNC machine tools [1]. - The company has established itself as the largest tool magazine manufacturer in China, gaining significant recognition and a strong brand image within the industry [1]. Market Position - The estimated market size for CNC machine tool functional components in China for 2024 is projected to be between 21.08 billion yuan and 33.22 billion yuan, with Okada Intelligent's market share expected to be around 2.78% to 4.38% [2]. - Okada Intelligent ranks second in market size among domestic CNC machine tool functional component manufacturers, following Haozhi Electromechanical [2]. Financial Performance - The company reported revenues of approximately 767 million yuan, 773 million yuan, and a projected 932 million yuan for the years 2022, 2023, and 2024, respectively [2]. - Net profits for the same years were approximately 119 million yuan, 132 million yuan, and a projected 169 million yuan [2]. Financial Metrics - Total assets are projected to reach approximately 1.324 billion yuan by the end of 2024, up from 1.136 billion yuan in 2023 and 1.034 billion yuan in 2022 [3]. - The company's equity attributable to shareholders is expected to increase to approximately 785.89 million yuan in 2024 from 615.54 million yuan in 2023 and 292.65 million yuan in 2022 [3]. - The asset-liability ratio is projected to decrease from 64.24% in 2022 to 32.99% in 2024 [3]. Earnings and Returns - Basic earnings per share are projected to be 1.72 yuan for 2024, up from 1.55 yuan in 2023 [4]. - The weighted average return on equity is expected to be 24.08% in 2024, down from 29.28% in 2023 [4]. - Research and development expenses are expected to account for 4.79% of total revenue in 2024, slightly increasing from 4.71% in 2023 [4].

Company Overview - Okada Intelligent (Jiangsu) Co., Ltd. has submitted a prospectus for an initial public offering (IPO) on the Shenzhen Stock Exchange, with Huatai United Securities as the sponsor [1] - The company focuses on the research, production, and sales of core functional components for CNC machine tools, including tool magazines, spindles, and rotary tables, primarily used in metal cutting CNC machine tools [2] Market Position - The market size for CNC machine tool functional components in China is projected to be between 21.08 billion and 33.22 billion yuan in 2024, with Okada Intelligent estimated to hold a market share of approximately 2.78% to 4.38%, ranking just behind Haozhi Electromechanical [2] - Okada Intelligent has become the largest tool magazine manufacturer in China since its establishment in 2013, with its disc and chain tool magazines leading the domestic market share among similar products [8] Financial Performance - Revenue for Okada Intelligent during the reporting period was approximately 767 million yuan, 773 million yuan, and 932 million yuan for 2022, 2023, and 2024 respectively, with a significant increase in 2024 driven by industrial policies [6] - Gross profit margins for the same periods were 30.72%, 31.41%, and 32.70%, while net profits were 119 million yuan, 132 million yuan, and 169 million yuan respectively [6] Product Breakdown - The revenue breakdown for 2024 shows that tool magazines account for 80.96%, spindles for 10.79%, and rotary tables for 7.50% of total revenue [3] - The sales of tool magazines have consistently represented over 80% of the company's revenue, indicating a strong reliance on this product line [2][3] Growth Drivers - The company expects significant growth in 2024 due to favorable national policies supporting the CNC machine tool industry and increased market expansion efforts, particularly with clients like Hyundai Wia and Qiaofeng Intelligent [4] - The improvement in the product structure of tool magazines, particularly the higher-priced chain tool magazines, has contributed to increased sales revenue and market share [4] Fundraising and Investment Plans - The IPO aims to raise approximately 985 million yuan, which will be allocated to expanding production lines for tool magazines, spindles, and rotary tables, as well as enhancing R&D and marketing networks [10][11] - Specific projects include the expansion of the CNC machine tool tool magazine production line and the upgrade of enterprise R&D and information systems [11]

Core Points - The recognition of Chen Liang and Luo Sha as "National Labor Models" highlights the importance of advanced manufacturing and skilled labor in Jiangsu province [1][2] - The event signifies a strong emphasis on the development of foundational manufacturing industries at both national and local levels [1][2] Company Highlights - Okada Intelligent (Jiangsu) Co., Ltd., led by Chen Liang, has become a leader in the tool magazine sector, breaking foreign monopolies and advancing the localization of CNC machine tool components [1] - The company has achieved international leading technology levels, with its products ranking first in national market sales [1] - Chen Liang holds over 150 intellectual property rights and has participated in the formulation of multiple national standards, demonstrating a commitment to continuous innovation and problem-solving in the industry [2] Industry Insights - Luo Sha, a welding technician at Jiangsu Dongfang Ruiji Energy Equipment Co., has made significant contributions to the welding of complex products, enhancing the company's capabilities in both domestic and international markets [2] - His innovations in welding technology have addressed critical challenges, ensuring product quality and facilitating the company's expansion into overseas markets [2] - The achievements of both labor models reflect the high-quality development of Jiangsu's modern industrial system, emphasizing the need for professional spirit and determination in the manufacturing sector [3]

Group 1 - The event highlighted the achievements of specialized and innovative "little giant" enterprises in China, with over 14,000 such companies contributing to high-quality development in advanced manufacturing sectors [1] - The focus is on independent research and development to overcome weaknesses in various industries, with representatives from companies like Guangdong Zhongshan Kangfang Biopharmaceutical Co., Ltd. sharing their advancements in innovative drug development [1][2] - The introduction of dual-target monoclonal antibodies in cancer treatment represents a significant breakthrough, with a new drug for non-small cell lung cancer showing nearly double the efficacy compared to international standard treatments in a Phase III clinical trial [2] Group 2 - Companies like Jiangsu Okada Intelligent Co., Ltd. have made significant strides in the development of CNC machine tools and core components, achieving breakthroughs in the design and manufacturing of key parts like tool changers [2] - The importance of tool changers in manufacturing is emphasized, as they enable quick and precise automatic tool changes, enhancing the efficiency of CNC machines [2] - The integration of technological innovation and talent cultivation is crucial for product development, with companies focusing on deep collaboration with educational institutions to enhance R&D capabilities [3] Group 3 - The deep integration of technological and industrial innovation is essential for scaling product applications, as highlighted by representatives from various companies [3] - The role of artificial intelligence in redefining industries, including energy storage and advanced manufacturing, is acknowledged, with significant cost reductions in energy storage achieved through AI-driven innovations [4]

转自：北京日报客户端 国新办举行"新征程上的奋斗者"中外记者见面会 围绕"走专精特新之路 做大做强先进制造业"与中外记者见面交流 国务院新闻办新闻局 李凌达: 女士们、先生们，下午好！欢迎出席国务院新闻办公室"新征程上的奋斗者"中外记者见面会。党的十八 大以来，我国大力推进新型工业化，加快制造业转型升级，涌现出一大批专精特新中小企业，数量已经 超过了14万家。其中，专精特新"小巨人"企业达到14600多家。这些企业都具有专业化、精细化、特色 化和创新能力强的特征，在整个产业中发挥了强链、固链、稳链的重要作用。近日，人力资源和社会保 障部、工业和信息化部评选表彰一批全国工业和信息化系统先进集体、劳动模范和先进工作者。今天， 我们很高兴邀请到来自"小巨人"企业的五位代表走进国新办发布厅，请他们围绕"走专精特新之路 做大 做强先进制造业"与大家交流。 我们先来认识台上的代表，他们是：广东中山康方生物医药有限公司临床运营资深总监夏梦莹女士，江 苏冈田智能（江苏）股份有限公司总经理陈亮先生，浙江嘉兴佳利电子有限公司研究院副院长童建喜先 生，上海纬景储能科技有限公司联合创始人、董事长葛群先生，北京微纳星空科技股份有限公司 ...