KEDE Numerical (SH:688305)2024-01-15 07:38Group 1: Company Overview - Kede CNC is a high-end CNC machine tool manufacturer, integrating R&D, production, sales, and service, with a self-sufficiency rate of 85% for its products [5][10] - The company offers a diverse product range, including five-axis CNC machine tools and high-end CNC systems, catering to both military and civilian sectors [6][8] Group 2: Recent Business Performance - In 2023, the company experienced rapid growth in new orders, covering industries such as aerospace, machinery, energy, and automotive [6][8] - The total amount of new orders for functional components increased by 106.83% year-on-year from January to September 2023 [8] Group 3: Financial Metrics - R&D investment for the first three quarters of 2023 totaled CNY 101.43 million, a year-on-year increase of 27.48%, accounting for 34.66% of operating revenue [9] - The gross profit margin for complete machine products was 45.81% in the same period, with an average order price of CNY 2.12 million (excluding tax) [8] Group 4: Future Development Plans - The company is implementing three fundraising projects aimed at expanding production capacity for various five-axis CNC machine tools [7][9] - Kede CNC aims to enhance its market share and revenue through optimized capacity layout and the introduction of innovative products [7][10] Group 5: Customer Base and Market Strategy - The company has established long-term stable partnerships with several well-known domestic machine tool manufacturers [8][11] - Kede CNC's products are widely used in military, civilian, and overseas markets, enhancing processing precision, efficiency, and reliability [8][11]