RIFA PM(SZ:002520)2023-09-01 13:41Group 1: Company Overview and Strategy - Zhejiang Rifa Precision Machinery Co., Ltd. focuses on high-end CNC machine tools and production lines, enhancing product processing precision and flexibility, and developing intelligent solutions to maintain steady growth in digital intelligent machine tools and production lines [2][3] - The company aims to deepen its strategic layout in niche markets, improve product service quality, and continuously enhance operational quality for high-quality development [3] - Rifa will increase R&D investment to focus on core business and enhance product innovation capabilities, adhering to the "specialized, refined, distinctive, and innovative" development path [3] Group 2: Product Development and Market Position - Rifa emphasizes product R&D, particularly in emerging industries like new energy, and has developed a series of products with independent intellectual property rights and market competitiveness [3] - A new product, the CNC thread grinding machine, is currently in the trial grinding stage, targeting precision grinding of external threads for various components [3] - The company has localized its main models, achieving the ability to provide customized solutions for local users, and has successfully introduced key technologies for five-axis machine tools [4] Group 3: Financial Performance and Challenges - The revenue from Rifa's aviation equipment parts processing business declined in the first half of the year, prompting a strategic adjustment to enhance management structure and develop new products [4] - Airwork's aircraft leasing market has been constrained due to geopolitical tensions and sanctions, leading to underperformance in the first half of the year amid a weakening global economy [4]