RIFA PM(002520)2023-11-03 07:26Group 1: Company Overview - Zhejiang Rifa Precision Machinery Co., Ltd. is focused on the development of intelligent manufacturing in the machine tool sector, which is crucial for the overall manufacturing industry [5] - The company aims to respond actively to national policies and deepen its strategic layout in niche markets, increasing R&D investment to enhance core business and product innovation capabilities [6] Group 2: Product Development - The company has developed new CNC thread grinding machines, including CNC external and internal thread grinders, which are essential for precision grinding of various components [6][7] - The CNC thread grinding machines have shown good trial grinding results for ball screw and nut applications in the new energy vehicle sector, meeting customer requirements for efficiency and precision [6] Group 3: Market Engagement - The company is making progress in market expansion and has signed contracts with downstream customers, with equipment delivery scheduled for the fourth quarter [6] - The orders for the new products are currently small and represent a minimal percentage of the company's total revenue, highlighting the need for caution regarding investment risks [6] Group 4: Strategic Planning - The company is adjusting its operational strategy based on comprehensive factors, focusing on high-end equipment manufacturing while optimizing resource advantages [7] - Legal proceedings are ongoing regarding performance compensation claims against Rifa Group, with a court hearing scheduled for October 26, 2023 [7]