Create Century(SZ:300083)2023-07-18 11:11Company Overview - Guangdong Genesis Intelligent Equipment Group Co., Ltd. was established in 2003 and listed on the Growth Enterprise Market in 2010, headquartered in Shenzhen [4] - The company has over 2,500 employees, with more than 400 in R&D [5] - Total assets are nearly 9 billion RMB, with a market capitalization exceeding 10 billion RMB [5] - In 2022, the company achieved a revenue of 4.527 billion RMB and a net profit of 335 million RMB, ranking among the top in its industry [6] Product and Market Performance - The flagship product, the "High-Speed Drilling and Milling Tapping Center," has shipped over 90,000 units and was selected as a national manufacturing champion product in 2022 [6] - General drilling and tapping machines saw a sales growth of nearly 40% in 2022, while gantry machining centers experienced a 50% increase [7] Industry Position and Strategy - CNC machine tools are considered a national strategic asset, essential for the manufacturing sector [8] - The company is actively promoting domestic substitution and has launched a high-end brand "Heller" to meet high-end and international market demands [11] - The company has received a 500 million RMB investment from the National Manufacturing Transformation and Upgrade Fund, becoming the first in the CNC machine tool industry to receive such funding [12] R&D and Innovation - The company has invested 575 million RMB in R&D from 2020 to 2022 and holds nearly 700 valid patents, leading the industry [11] - It has established research institutes in Shenzhen and Suzhou, focusing on new technologies and industries [11] Future Growth and Market Expansion - The company is expanding its global footprint, with marketing centers being established in Vietnam and Mexico, and plans for production bases in Southeast Asia and North America [12] - The company aims to increase its market share in the general and new energy sectors, which are becoming significant growth areas [14] Financial Performance and Projections - In 2022, revenue from the 3C sector dropped below 50% of total revenue, with expectations for further decline in 2023 [12] - The company is focused on improving gross margins through market expansion and the introduction of high-end CNC machine tools [14]