SINOMACH-PI(SZ:002046)2025-05-27 10:06Group 1: Main Business Overview - The company operates in the bearing and abrasive tools industries, providing products, technologies, and services that meet national strategic needs, covering five major business segments: new materials, basic components, machine tools, high-end equipment, and supply chain management [2]. - The bearing business includes special bearings, wind power bearings, and precision machine tool bearings, with a focus on special bearings used in aerospace, military, and nuclear industries, achieving a domestic monopoly with a key product matching rate of over 90% [2][3]. Group 2: Key Product Developments - In the wind power bearing sector, the company has developed the first domestically produced 8 MW, 18 MW, and the world's first 26 MW series main shaft bearings, continuously setting new product records [3]. - The precision machine tool bearing segment has shown stable growth, primarily producing precision spindle bearings and ball screw bearings [3]. Group 3: Abrasive Tools Business - The ultra-hard material abrasive tools are a core business with strong market competitiveness, breaking foreign monopolies and serving sectors like semiconductors, automotive, and optics, with semiconductor cutting wheels recognized as a "Manufacturing Industry Single Champion Product" [4][5]. - The company focuses on composite ultra-hard materials for specialized fields, maintaining leading core technology and becoming a significant supplier of high-end composite ultra-hard materials in China [4]. Group 4: Financial Performance - In 2024, the revenue from the ultra-hard abrasive tools business is approximately 580 million yuan, with significant growth in semiconductor-related products [5]. - The company's profits primarily stem from special bearings, high-end civilian product bearings, and ultra-hard material abrasive tools, which are the main contributors to profitability and growth [5]. Group 5: Diamond Cultivation Business - The company has launched its own diamond brand "DEINO" and is actively expanding offline channels, with three stores currently in operation, focusing on high-consumption and environmentally conscious first- and second-tier cities for future store openings [5].