SMTCL(SZ:000410)2022-12-07 09:24Group 1: Industry Outlook - The machine tool industry is a strong cyclical sector, and the demand from downstream industries is expected to remain low in 2015 [2] Group 2: Company Performance - The company's CNC machine tools account for approximately 65% to 70% of total machine tool sales, showing a gradual increase over the years [3] - The company is implementing measures to control financial expenses, including centralized fund management and budget control to reduce capital costs [3] Group 3: Corporate Reforms and Innovations - The company is monitoring government dynamics regarding state-owned enterprise reforms but has not entered a substantive operational phase or established clear plans [3] - The i5 system, developed by the major shareholder, has been gradually recognized in the market since its launch at the beginning of the year, but there are no current plans for its integration into the listed company [3] - The company does not participate in the initial construction of 4S stores, which serve as authorized sales and service platforms [3] Group 4: Financial Aspects - The cost of borrowed funds is based on the benchmark interest rate, with some loans slightly above this rate and others from policy banks at lower rates [4] Group 5: Research and Development - The company's R&D focuses on upgrading machine tool products based on customer needs [4] - The company is committed to producing intelligent machine tools as part of the early development stage of the "Industry 4.0" trend [4]