Create Century(SZ:300083)2023-11-17 00:26Company Overview - The company specializes in high-end intelligent equipment, primarily CNC machine tools, with a focus on 3C series and general series products [3][4]. - The 3C series includes drilling and tapping machines and precision engraving machines, while the general series includes vertical machining centers, horizontal machining centers, gantry machining centers, and CNC lathes [3]. Business Performance - In the first three quarters of 2023, the company achieved a revenue of CNY 2.786 billion and a net profit of CNY 162 million [4]. - The revenue breakdown shows that 3C business revenue was CNY 1.051 billion, accounting for approximately 38%, while general business revenue was CNY 1.735 billion, accounting for about 62% [4][5]. Cost Management and R&D Investment - The company has successfully reduced its expense ratio to 12.67%, a decrease of 3.25% quarter-on-quarter and a significant year-on-year reduction [4]. - R&D investment in the first three quarters of 2023 totaled CNY 87 million, representing 3.12% of revenue, an increase of 0.91% year-on-year [4][5]. Market Expansion and Product Development - The company has seen significant growth in sales of general products, with notable increases in the sales volume of horizontal machining centers, lathes, precision engraving machines, and gantry machines [6][7]. - The overseas revenue grew by approximately 80% compared to the same period last year, indicating successful market expansion efforts [7][8]. Future Outlook - The CNC machine tool industry is expected to maintain a positive long-term development trend, with the company focusing on enhancing core component autonomy and promoting product diversification and high-end upgrades [8]. - The company aims to strengthen its competitive edge by leveraging national policies that support the CNC machine tool industry [8].