Create Century(SZ:300083)2023-05-11 10:22Group 1: Business Highlights - The company established a joint venture, Feihong Intelligent, focusing on the R&D, production, and sales of five-axis CNC machine tools, with good order status as of now [1] - The company achieved a 50% sales growth in the gantry machining center in 2022, benefiting from the demand increase in the new energy sector [4] - The company’s general drilling and tapping machine business saw a nearly 40% sales growth in 2022, while sales in the new energy vehicle sector reached approximately 700 million yuan [6] Group 2: Market Position and Competitiveness - The company is a leading domestic CNC machine tool enterprise, with advantages in brand recognition, industrial layout, production scale, and technological R&D [3] - The company has a comprehensive industrial layout with four major production bases, ensuring a strong supply chain and market coverage [3] - The company is actively developing high-end CNC machine tools to capture market opportunities and achieve domestic substitution [7] Group 3: Financial Performance and Future Outlook - The total investment for the Huzhou Industrial Park project is estimated at 1.8 billion yuan, with construction progressing well [3] - The company is focused on high-quality sustainable development and aims to enhance operational efficiency to improve shareholder value [4] - The company’s stock price has dropped over 60% from its peak, prompting management to consider measures to stabilize and enhance market confidence [8] Group 4: Investor Relations and Communication - The company emphasizes the importance of investor communication and is committed to maintaining transparency and addressing investor concerns [6] - The company is currently conducting a private placement, with plans to disclose progress in a timely manner [10] - Management acknowledges the need for improved market perception and is open to reasonable suggestions from investors [11]