SINOMACH-PI(SZ:002046)2026-01-06 10:14Group 1: Business Overview - The company's core business is divided into bearing and superhard materials, with bearings including special bearings, wind power bearings, and precision machine tool bearings [3][4] - The market share for aerospace bearings is approximately 90%, while the wind power bearing business is experiencing rapid growth [3][4] - The superhard materials segment, primarily operated by Guojin Diamond, holds a 67% equity stake and focuses on superhard material tools, serving industries such as semiconductors and automotive [3][4] Group 2: Future Business Focus - Future business priorities include commercial aerospace bearings, humanoid robot bearings, diamond heat sinks, and diamond optical window pieces, which are expected to drive the second growth curve [4] - The company plans to focus on high-value-added products in the robot bearing sector, such as cross-roller bearings [4] Group 3: Diamond Heat Sink Business - The diamond industry is categorized into structured and functional applications, with functional applications including heat sinks and optical window pieces [4] - The diamond heat sink business is anticipated to be applied in chip manufacturing, currently in the early stages of industrialization, with potential growth driven by high heat dissipation demands from AI [4] - Revenue from diamond heat sinks exceeded 10 million yuan in 2025, primarily from non-civilian sectors, with civilian sector testing expected to yield results in 2026 [4] Group 4: Cost Reduction Strategies - Cost reduction strategies for the diamond heat sink business include technological cost reduction and energy cost reduction, with new production capacity planned in Hami, Xinjiang, to leverage low electricity prices [5]