SINEE(SH:688395)2024-09-10 07:47Company Overview - Established in April 2003, Shenzhen Sine Electric Co., Ltd. specializes in the research, production, and sales of motor drive and control system products in the industrial automation sector, being one of the earliest companies in China to engage in inverter research and production [1] - The company primarily serves machinery manufacturers and electric control system integrators, offering inverters, integrated special machines, servo systems, and new energy system solutions [1] Product Applications - Main products include inverters (EM760 high-performance series and EM730 general series), integrated special machines (EM510C wire drawing machine, EM618C integrated machine, EM650C air compressor, TC760 crane-specific inverter), and servo systems (EA350 high-performance servo, EA300E bus-type servo, EA190 pulse-type servo, EA190E bus-type servo) [2] - Key application industries for inverters include printing machinery, packaging machinery, metal rolling, petrochemical, and textile machinery [2] Market Performance and Outlook - The construction machinery sector, a significant area for the company, has faced challenges due to macroeconomic conditions, industry policy adjustments, and tightened infrastructure construction, leading to a relatively sluggish market demand [2] - Future prospects for the construction machinery industry are optimistic, with expectations of stable recovery driven by global economic recovery and equipment upgrades [2] Overseas Market Development - In the first half of 2024, the company began to achieve bulk or small batch orders from overseas markets, with significant sales growth compared to the same period last year, although the overall sales scale remains small [2] - Key overseas markets include Southeast Asia, India, the Middle East, Africa, and the Commonwealth of Independent States (CIS) [2] Financial Management - The company utilizes idle funds to invest in high-security, liquid financial products, including but not limited to large bank deposits, structured deposits, bonds, and funds, ensuring the safety of raised funds while improving capital efficiency [3] Investment Strategy - The company adopts a rigorous and comprehensive strategy for selecting external investment targets, focusing on long-term development strategies and market positioning to identify potential investment directions that align with its business [3] - There are currently no plans for overseas factory establishment, with future evaluations based on business scale, business policies, and financial capacity [3]