RIFA PM(SZ:002520)2023-09-28 09:15Group 1: Company Overview - Zhejiang Rifa Precision Machinery Co., Ltd. is publicly listed with the stock code 002520 and the abbreviation Rifa Precision [1] - The company has a strong focus on product research and development, particularly in emerging and strategic industries [4] Group 2: Investor Relations Activities - The investor relations activity took place in Beijing and online from September 25 to 28, 2023, involving multiple securities and fund representatives [3] - The company’s Secretary of the Board, Mr. Qi Bing, provided an overview of the company's development history and current operations [3] Group 3: Product Development and Innovations - Rifa has developed the RFMX intelligent control system, which includes process and equipment management to enhance production efficiency and decision-making [3] - The company is launching new products, including CNC thread grinding machines, which are currently in the trial grinding phase and have not yet been mass-produced [4] Group 4: Market Position and Performance - Rifa holds the largest market share in high-end bearing grinding and assembly production lines in China, with 25 out of the top 30 domestic bearing companies utilizing its products [4] - The company also provides equipment for the processing of reducers and has served numerous reducer manufacturing enterprises [4] Group 5: Legal Matters - There is an ongoing lawsuit regarding performance compensation between Rifa and its controlling shareholder, Rifa Group, which has been accepted by the court but has not yet gone to trial [5]