SINOMACH-PI(SZ:002046)2025-12-23 06:58Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 2.296 billion yuan, an increase of 490 million yuan, representing a year-on-year growth of 27% [2] - The total gross profit reached 797 million yuan, up by 130 million yuan, with a year-on-year increase of 20% [2] - Net profit was 245 million yuan, an increase of 32.65 million yuan, reflecting a year-on-year growth of 15.4% [2] - The attributable net profit to shareholders was 206 million yuan, showing slight growth compared to the same period last year, impacted by a reduction in equity from 100% to 67% in the superhard materials business [2] Strategic Planning - The company aims to enhance its bearing products to support China's commercial aerospace development and expand into high-value products like cross-roller bearings for humanoid robots [2][3] - In the superhard materials sector, the focus is on advancing diamond functional applications, optimizing diamond-copper composite materials, and breaking through large-size optical-grade diamond production [2][3] Diamond Heat Dissipation Business - The diamond industry is divided into structural and functional applications, with functional applications including heat sinks and optical window pieces [3] - The diamond heat dissipation sector is expected to see growth due to high heat dissipation demands driven by AI, transitioning diamond from an optional to a necessary material [3] - The company began generating revenue from heat dissipation and optical windows in 2023, with expectations to exceed 10 million yuan in 2025, primarily in non-civilian sectors [3] MPCVD Product Development - The development plan for MPCVD products includes three phases: 1. Cultivating diamond rough products (mature stage) 2. Developing diamond heat sinks, optical window pieces, and acoustic membranes (starting phase) 3. Long-term planning for semiconductor materials to replace silicon [3] - Cost reduction strategies include utilizing low-cost electricity in the Xinjiang Hami industrial park and advancing technology across the entire supply chain [3]