KEDE Numerical (688305)2024-07-26 07:36Investor Relations Activities - Investor roadshow events were held on July 23-25, 2024, with participation from institutions such as Fidelity, Southern Fund, Pinpoint Private Equity, China Life Pension, Huatai Asset, Bosera Fund, and Ping An Pension [3][4] - The events were organized by Guojin and CICC, with the company's Board Secretary, Ms. Zhu Lihua, attending [4] Business Performance and Product Distribution - In the first half of 2024, the company's new orders increased by approximately 44% year-over-year [5] - Product distribution: 54% of orders were for five-axis vertical machining centers, 42% for five-axis horizontal milling and turning centers and five-axis horizontal machining centers, and 4% for blade tip grinding products [5] - The average price of new orders was approximately 2.22 million RMB per unit (excluding tax) [5] Aerospace Industry Impact - The company's five-axis CNC machine tools are widely used in the aerospace industry, serving nearly 30 subsidiaries and research institutes under the Aviation Industry Corporation of China and Aero Engine Corporation of China [5] - Products such as five-axis vertical machining centers, horizontal milling and turning centers, and high-speed blade tip grinding centers are used for efficient processing of aircraft engine core components [6] - The company's products are also used in the production of aircraft landing gear, wings, ribs, and frame structures [6] CNC System and Chip Dependency - The company's high-end CNC systems are fully localized in terms of hardware production and software development, with all code and real-time kernels developed in-house [6] - Most machine models use general-purpose chips with low technical difficulty, and there are mature domestic alternatives available [7] - The company has provided over 1,000 high-end five-axis CNC machine tools to the market, all equipped with self-developed CNC systems [7] Specialized Machine Products - The company defines specialized machine products as those with unique competitive advantages, focusing on highly specialized and efficient processing for specific fields [8] - Products such as five-axis blade milling centers, high-speed blade tip grinding centers, and six-axis five-linkage blade disk machining centers have been developed for large nuclear power blades, aero engines, and tooling industries [8] - These specialized machines contribute to improving domestic production rates and achieving import substitution [8]