OKE(SH:688308)2024-07-03 08:54Group 1: Company Strategy and Expansion - The company plans to establish a wholly-owned subsidiary in Germany to enhance its market presence in Europe and improve brand recognition internationally [3] - The subsidiary aims to facilitate local operations, improve customer trust, and accelerate product and technology upgrades through direct feedback from overseas markets [3] - The investment in a tungsten wire production line aligns with the company's existing tungsten alloy product development, leveraging its expertise in alloy manufacturing [4] Group 2: Investment and Product Development - The tungsten wire production line is expected to have high application value in industries such as photovoltaics, and it complements the company's tungsten industry chain strategy [4] - The company has made preparations for the tungsten wire project, including technology development, talent acquisition, and equipment procurement [4] - The company aims to achieve a 20%-30% export ratio for its CNC tools in 2024, focusing on expanding into the European and American markets [7] Group 3: Market Opportunities and Trends - There is significant potential for domestic CNC tool manufacturers to replace high-end imports, with the market for CNC tools in overseas markets being 5-6 times larger than in China [6] - The company is actively pursuing opportunities in various sectors, including aerospace, new energy, and medical devices, to meet emerging demands for cutting tools [6] - The trend towards automation and intelligent manufacturing is driving the need for advanced CNC tools with improved performance characteristics [10] Group 4: Business Model and Profitability - The company's bundled service model aims to provide comprehensive tool management and optimization services, enhancing customer loyalty and profitability [8] - By participating in customer tool procurement and inventory management, the company seeks to increase its share of proprietary tools in bundled services [8] - The core drivers for acquiring end customers include price, quality, technology, and service capabilities, with a focus on cost reduction and efficiency improvement [9]