KEDE Numerical (SH:688305)2022-11-17 14:14Group 1: Company Overview - Kede CNC Co., Ltd. focuses on both domestic and international markets, with a primary emphasis on domestic orders [7] - The company has a complete product layout, including four general platforms and two specialized platforms, with the KMC800 series vertical machining center being a key product [7] Group 2: Market Position and Strategy - The company aims to maintain a strong presence in domestic aerospace and military sectors while also exploring opportunities in civilian fields such as new energy and machinery [7] - The company’s products have an autonomy rate of 85% and a localization rate of 90%, which helps control production costs and reduce dependency on imports [8] Group 3: Supply Chain and Recovery Post-Pandemic - The supply chain was affected during the pandemic, particularly in March and April, but has shown significant recovery since May, with improved equipment delivery and acceptance rates [8] - The company had prepared for price fluctuations and long lead times by stockpiling essential raw materials, mitigating pandemic impacts on production [7] Group 4: Product Development and Innovation - In 2022, the company launched three new products, including the KD series KTM120 five-axis horizontal boring and milling compound machining center, which targets the aerospace sector [10] - The company’s pricing strategy positions its products at 2/3 to 1/2 of the prices of leading brands from Germany and Switzerland, enhancing competitiveness [9] Group 5: Customer Base and Industry Demand - Military orders account for approximately 70% of the company’s business, while civilian orders make up 30%, with a growing trend in orders from supporting manufacturers [9] - The company has successfully replaced 30 three-axis machines with 8 five-axis machines for a wind power client, demonstrating the efficiency and cost-saving benefits of its products [9]