Worldia(688028)2023-10-17 11:10Aerospace Tool Market and Applications - The total scale of China's tool market in 2022 was 46.4 billion yuan, with the aerospace sector accounting for approximately 10%, or 4.6 billion yuan [3] - Aerospace tool applications include body structure, engine, and landing gear components, with domestic tools dominating in some areas and imported tools leading in others [3] - Technical challenges in aerospace tools include high requirements for tool life, precision, and stability, especially in engine component processing [4] Tool Supply and Company Products - There are 30 domestic and 19 foreign tool manufacturers listed on the China Aviation Industry Electronic Procurement Platform [4] - The company has launched a series of high-efficiency precision cutting tools for composite and metal materials, including diamond-coated tools for aerospace composites [4] - The company's PCBN rotary milling inserts have shown excellent performance in wear resistance, tool life, and processing quality, with the ability to achieve C3-C5 level precision in ball screw processing [5][6] Hard Milling Technology and Advantages - Hard milling technology reduces the number of processes by 3-5 compared to traditional grinding, significantly shortening the processing cycle and improving efficiency [5] - Hard milling avoids the annealing issues caused by excessive feed in grinding processes and is more environmentally friendly, replacing oil cooling with air cooling [5] - The company's PCBN rotary milling inserts are suitable for hard rotary milling of ball screw raceways, with a comprehensive product series that can meet various processing requirements [6] Custom Tool Solutions and Market Impact - The subsidiary Xinquan has deep technical accumulation in the 3C industry, providing customized precision tools and maintaining close cooperation with industry leaders [6] - The adoption of titanium alloy materials in 3C products has increased the demand for specialized tools, with Xinquan's revenue growing by over 50% in Q2 2023 compared to Q1 [7] - Xinquan's tools have been used in the production of high-end smartwatch titanium alloy cases, and the demand for corresponding tools has significantly increased in 2023 [7]