RIFA PM(SZ:002520)2024-06-24 03:42Group 1: Company Overview and Activities - Zhejiang Rifa Precision Machinery Co., Ltd. is involved in investor relations activities including roadshows and site visits [2][3] - The company has engaged with various investment firms and analysts during the investor relations activities [2] Group 2: Product Development and Market Progress - The company introduced a new CNC thread grinding machine aimed at industries such as new energy vehicles and robotics, which has received customer recognition [3][4] - As of now, the company has made small deliveries of its CNC thread grinding machines, with each order representing a minimal percentage of overall revenue [3] Group 3: Strategic Partnerships and Technology - Rifa has successfully localized key technologies from the Italian company MCM, enhancing its manufacturing capabilities [4] - The main models of Zhejiang Maxim have achieved localization, allowing for customized solutions for local users [4] Group 4: Financial Challenges and Legal Matters - MCM has faced continuous losses due to factors such as the aerospace industry's impact, global health events, and geopolitical conflicts, leading to increased costs without corresponding price adjustments [4] - Rifa has initiated legal proceedings against its controlling shareholder for failing to fulfill performance compensation obligations, with the case currently under review by the Hangzhou Intermediate People's Court [4][5]