North Industries (SZ:000519)2025-01-23 13:14Group 1: Industry Overview - The diamond industry is expected to face intensified competition in 2024, particularly in the industrial diamond sector, which is entering a cyclical adjustment phase with a decline in demand for high-grade industrial diamonds [4] - The U.S. remains the largest consumer market for cultivated diamonds in 2024, with overall market demand on the rise despite a decrease in rough diamond prices leading to lower profit margins [4] Group 2: Market Share and Pricing - In 2024, the company is projected to maintain the world's largest market share in industrial diamond products, with expectations to continue this trend into 2025 [4] - Prices for industrial diamonds and cultivated diamonds are anticipated to remain relatively stable in 2025 due to supply and demand dynamics [4] Group 3: Business Strategy and Expansion - The superhard materials business segment will focus on consolidating and developing traditional diamond tool areas while adjusting production capacity based on market demand [5] - The company plans to fulfill all orders in 2025, which is expected to positively impact profits [6] Group 4: Production Capacity and Future Orders - Current production capacity is sufficient to meet existing and upcoming order demands, with a steady increase in future orders anticipated [6] - The company is planning to enhance production capacity and efficiency through digitalization and automation during the 2025 and "14th Five-Year Plan" periods [6]