Core Viewpoint - The company aims to transition from a leading domestic enterprise to a globally influential player in the automation equipment sector, focusing on becoming a foundational supplier for global intelligent equipment during the "14th Five-Year Plan" period [1]. Group 1: Strategic Focus on Automation Equipment - The company, established in 2010, specializes in the research, production, and sales of factory automation components, providing a one-stop supply for these parts [2]. - It categorizes components into three types: core brand components (FX), standard components (FA), and non-standard structural parts (FB), employing different strategies for each to meet diverse customer needs [2]. - The company has developed a comprehensive product system covering 199 major categories, 4,573 subcategories, and 258 stock-keeping units (SKUs) of factory automation components by June 2025 [3]. Group 2: Embracing Digital Transformation - The company is actively exploring AI technology applications in the intelligent equipment sector, significantly improving efficiency and accuracy in quoting processes [4]. - It has established flexible production line planning based on manufacturing processes, enhancing production capacity and automated processing capabilities for individual parts [5]. - The company aims to become a supplier of robot components, continuously expanding its market presence in line with new industry scenarios [5]. Group 3: Global Expansion Strategy - The company views overseas market development as a crucial part of its overall strategy, planning to enhance its global presence and service capabilities [7]. - It has been expanding its overseas operations for the past two to three years, achieving positive progress and aiming to further increase its global market influence [7]. - The company is committed to becoming a trusted infrastructure supplier for global intelligent equipment as Chinese manufacturing accelerates its international outreach [7].

● 本报记者 武卫红 近年来，怡合达持续深耕自动化设备赛道，推动公司从"国内头部"企业向"全球有影响力企业"的战略目 标迈进。日前，怡合达董事长金立国在接受中国证券报记者专访时表示，"十五五"期间，公司将进一步 深化全球战略布局，致力于成为全球智能装备企业的基础设施供应商。 战略聚焦自动化设备长尾化需求 "数智化是公司业务运行的底座，更是未来持续稳健发展的核心和关键。"金立国说，未来的工厂将高度 数字化、智能化，公司将紧紧围绕这一发展方向，提供基础性的零部件支撑，成为全球智能装备企业基 础设施供应商。 2025年8月，怡合达首次实施半年度分红，显示出公司良好的现金流状况和对股东回报的重视。面对资 本市场的期待，怡合达形成了独特的"以扎实业绩为基础、以透明沟通为桥梁、以持续分红为承诺"的市 值管理理念。"自2021年上市以来，公司每年现金分红比例都超过30%。"金立国表示，公司将做好自己 擅长的事情，持续进行现金分红，用实际业绩回报投资者。 此外,怡合达通过多种渠道加强与投资者的互动交流，让市场充分理解其业务模式、发展战略和未来前 景。"公司强化与投资者和资本市场的互动沟通，保证信息的质量和透明度，让市场理解怡 ...

Core Viewpoint - Many companies in the machine tool and robotics sectors expect to achieve both revenue and profit growth in the fiscal year 2025, despite risks from tariffs imposed by the Trump administration, which may slow equipment investment. The prevailing view is that a recovery in demand from China and the semiconductor sector can offset these risks [1][2]. Group 1: Machine Tool Orders and Market Trends - In April, Japan's machine tool orders increased by 8% year-on-year, reaching 130.2 billion yen, marking seven consecutive months of growth [1]. - Domestic orders in Japan decreased by 5% to 34.4 billion yen, while overseas orders rose by 13% to 95.7 billion yen [1]. - Manufacturers generally believe that factory investments will remain robust, despite weaker equipment investment from small and medium-sized enterprises in Japan [1]. Group 2: Company-Specific Insights - Makino Milling Machine Co. anticipates a decrease in consolidated sales by 11.3 billion yen and operating profit by 2.1 billion yen due to yen appreciation, but expects to achieve record-high sales and operating profit for the fiscal year [1]. - Okuma Corporation expects both sales and operating profit to grow for the first time in two fiscal years, driven by strong demand in the aerospace and semiconductor sectors [2]. - SMC, a factory automation component company, estimates that tariffs and exchange rates will negatively impact sales by 55 billion yen and operating profit by 29.6 billion yen, yet plans to achieve revenue and profit growth due to investments from Chinese manufacturers [2]. - Misumi Group anticipates a decline in both revenue and profit, citing tariffs and yen appreciation as key factors [2]. Group 3: Industry Outlook and Risks - The semiconductor and Chinese market demand is believed to have bottomed out, with expectations for a comprehensive recovery in the factory automation industry by 2025, surpassing concerns over tariffs [2]. - Fanuc, a robotics company, has not disclosed performance expectations due to the unpredictable impact of U.S. tariffs, indicating a potential for increased production in the U.S. as a future option [3]. - Companies expecting revenue and profit growth must prepare for sudden changes in the business environment [4].