Core Viewpoint - Yuhuan CNC Machine Tool Co., Ltd. has made a significant step in its internationalization strategy by establishing a subsidiary in Vietnam, which will enhance its market presence in Southeast Asia [2][3]. Group 1: Company Performance - In 2024, the company achieved a revenue of 473 million yuan, representing a year-on-year growth of 12.41% [2]. - The revenue structure is diversified, with 43.02% from consumer electronics, 19.36% from automotive parts, and 19.50% from the energy and power sector, which strengthens the company's resilience against industry cyclicality [2]. Group 2: Product Development - The company has made significant breakthroughs in high-end equipment import substitution, with CNC grinding machine revenue reaching 113 million yuan, a year-on-year increase of 39.14%, and smart equipment revenue soaring by 186.50% to 106 million yuan [3]. - The automotive parts segment saw a revenue increase of 131.52%, and the company successfully entered high-end manufacturing fields such as aerospace and bearings [3]. - The company has invested 49.46 million yuan in R&D, accounting for 10.47% of its revenue, with a year-on-year growth of 19.43% [3]. Group 3: Market Expansion - The establishment of the subsidiary in Vietnam is expected to leverage the rise of the Vietnamese manufacturing sector and tariff policy advantages, facilitating penetration into the Southeast Asian electronic and automotive supply chains [3]. - The company is well-positioned to benefit from national policies promoting the localization of industrial mother machines and equipment upgrades, creating a favorable environment for high-end grinding machine import substitution [4]. Group 4: Industry Outlook - The demand for high-precision grinding equipment is expected to grow due to the emergence of industries such as humanoid robots and third-generation semiconductors [4]. - Industry experts believe that with the transformation of technological innovations and increased investment in overseas market development, the company is likely to achieve significant growth in both quality and efficiency in the global market [4].

Group 1: Company Expansion and Strategy - The company has established a wholly-owned subsidiary, New Vietnam Intelligent Equipment Co., Ltd., in Hanoi with a registered capital of 25.25 billion VND (approximately 100,000 USD), marking a significant step in its internationalization strategy following the establishment of a subsidiary in Singapore in July 2023 [1] - The company is implementing a dual-driven strategy of "capital empowerment + deepening industrial engagement," which includes setting up a platform company in Singapore, acquiring a stake in Hunan Southern Machine Tool, and launching operations in Vietnam to support global market expansion [1][2] - The Vietnam subsidiary will serve as a frontline window in Southeast Asia, enhancing the company's responsiveness and international service capabilities to meet the needs of downstream customers' global manufacturing bases [1] Group 2: Financial Performance and Innovation - In 2024, the company achieved a historical high in revenue of 473 million CNY, representing a year-on-year growth of 12.41% [2] - The company invested 49.46 million CNY in R&D, accounting for 10.47% of its revenue, and successfully developed six new products, four of which reached international advanced levels [2] - The company focuses on high-end composite vertical grinding machines, CNC double-sided grinding machines, and multi-axis polishing equipment, which are widely used in key sectors such as consumer electronics, automotive parts, aerospace, and semiconductors [2] Group 3: Market Trends and Opportunities - Orders from emerging industries such as new energy, precision manufacturing, and new materials have seen significant year-on-year growth, with revenue from automotive parts manufacturing and energy sectors increasing by 131.52% and 910.20%, respectively [3] - The company is expected to benefit from new development opportunities in the machine tool industry, driven by policies promoting large-scale equipment updates and consumption upgrades [3] - The completion of the Vietnam subsidiary reflects the company's commitment to smart manufacturing and internationalization, signaling a strategic shift from "layout" to "operation" [3]

证券代码：002903 证券简称：宇环数控 宇环数控机床股份有限公司 投资者关系活动记录表 股权激励计划的稳步实施不仅提升了管理人员及关键岗位员工 的积极性和团队凝聚力，更增强了企业在行业内的人才吸引力，充分 彰显了公司中长期人才激励机制的效果。公司将综合考虑企业经营发 展的实际情况，充分利用资本市场优势，努力实现激励措施的常态化。 4、公司的拉床产品及其下游应用方向有哪些？ 公司拉床产品主要为高速数控硬拉床、数控螺旋拉床、端面齿拉 床等各种系列立式拉床和卧式拉床。可加工材料包括金属材料零件， 如齿轮、叶片、涡轮盘榫槽等关键零部件，还可加工非金属材料零件， 如尼龙涂覆件、石墨件等。拉床产品的下游主要应用于汽车、航空航 天、风电、工程机械、机器人、无人机、船舶、农机等行业领域。 5、公司 2025 年业绩预测及未来业务增长方向？ 根据公司 2025 年财务预算报告，公司基于 2024 年财务决算情况 以及目前行业和市场实际情况与谨慎性原则，预计 2025 年公司的营 编号：2025-006 投资者关系活 动类别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他（电话会议） 参 ...

CIMT2025展位上，达诺巴特集团（Danobatgroup）举行了本地化进程战略媒体发布会，特邀中国机床工具工业协会 副会长郭长城和西班牙驻华大使馆一等经济商务参赞方少龙出席，行业媒体一同受邀并见证达诺巴特本地化战略报告 发布，以及机型升级服务签约仪式。 发布会上，达诺巴特集团中国区CEO乔▪桑滕斯先生发布了《达诺巴特推进本地化发展报告》，他表示，达诺巴特集团本 地化重要进程，不仅仅是商业战略，更是未来发展所必需的话题 —— 在中国的本地化。为什么在中国本地化如此重要？ 对此，他形象地比喻道：如果把机床行业比作一场足球比赛，欧洲就像是那位战术大师 —— 精准、创新，拥有无与伦比 的工程技术。而中国就像是球场上速度最快的球员 —— 高效、可扩展，并且始终勇往直前。关键不在于在两者之间做选 择，而是要将两者的优势结合起来，从而赢得比赛。在他看来，欧洲工程技术 + 中国的效率 = 无敌组合。 所以，桑滕斯总结指出：在中国的本地化不是一个可选项，它就是未来的发展方向。 达诺巴特集团首席运营官钟鹤鸣先生对集团本地化进程做了进一步介绍，他表示，今年，我们将推出专为铁路行业设计的 MV 镗床，还有备受期待的紧凑型立式磨 ...