SINOMACH-PI(SZ:002046)2025-08-08 02:44Group 1: Bearing Business Overview - The company is optimistic about the long-term development of special bearings, with production lines relocated to Luoyang Yibin Industrial Park to support future demand. However, short-term recovery is below expectations, facing price reduction pressures affecting profitability [1] - Wind power bearings have a full order book with significant year-on-year growth, making it the fastest-growing business segment this year, primarily focused on onshore wind power [1] - Precision machine tool bearings have a certain brand influence domestically, aiming to enter the top tier in the next two to three years by focusing on R&D to enhance product performance and penetrate the high-end market [1] - Robot bearings are included in the "14th Five-Year Plan," focusing on high-value-added products, though no business relationships have been established with humanoid robot companies yet [1] Group 2: Superhard Materials Tools Business - Superhard materials tools are a major source of profit, with revenue around 580 million yuan in 2024, serving both semiconductor and non-semiconductor sectors (automotive, refrigeration, LED, molds, etc.), with significant growth in semiconductor applications in recent years [1] Group 3: M&A Plans - The company will continue to monitor acquisition opportunities, though challenges exist in finding suitable targets and reaching agreements; currently, there are no clear plans for acquisitions [1]