SINOMACH-PI(SZ:002046)2025-12-17 08:12Group 1: Diamond Heat Dissipation Business - The diamond industry is divided into structured and functional applications, with functional applications including heat sinks and optical window pieces. The diamond heat dissipation sector is expected to be crucial for chip manufacturing, currently in its nascent industrial stage [2] - The company began focusing on diamond functional applications in 2015, choosing the MPCVD method for its high-quality diamond production and strong compatibility with various product lines [2] - Revenue from heat dissipation and optical windows is expected to exceed 10 million yuan in 2025, primarily in non-civilian sectors, with civilian applications undergoing product testing by leading domestic manufacturers [2] Group 2: Bearing Business Insights - The decline in bearing business gross margin is attributed to two main factors: rapid growth in the wind power bearing sector, which has a low margin, and price reductions affecting special bearings [3] - The company has included robot bearings in its "14th Five-Year" business plan, focusing on high-value-added products such as crossed roller bearings, thin-walled bearings, and angular contact bearings [3]