RIFA PM(SZ:002520)2024-05-10 06:38Group 1: Company Overview - Zhejiang Rifa Precision Machinery Co., Ltd. is listed under stock code 002520 and abbreviated as Rifa Precision [1] - The company has been actively engaging with investors through various activities, including roadshows and analyst meetings [2][3] Group 2: 2023 Business Performance - Rifa Machine Tool Company faced a decline in business due to macroeconomic impacts, leading to intensified market competition [4] - The company is focusing on stabilizing mature businesses, implementing lean production, and optimizing operations to enhance overall efficiency [4] - New products, such as CNC thread grinding machines, have been developed for industries like new energy vehicles and industrial robots, receiving positive customer feedback [4] Group 3: Strategic Developments - Rifa Aviation Equipment Company has successfully restructured its management and focused on product technology development, achieving progress in market expansion within the aerospace and energy sectors [5] - The introduction of key technologies from Italy's MCM Company has enabled Zhejiang Maxim to localize the manufacturing of core components, although it has not yet achieved profitability in 2023 [5] Group 4: Policy Impact - The national policy supporting large-scale equipment updates is expected to positively influence the manufacturing industry, providing new momentum for production upgrades and labor productivity improvements [6] - The company plans to adapt its operational strategies in response to the ongoing implementation of these policies [6] Group 5: Legal Matters - The company has initiated legal proceedings against Rifa Group regarding performance compensation obligations, with a court hearing held on December 11, 2023 [6]