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Sijin Intelligent Forming Machinery's (SZSE:003025) Earnings Are Weaker Than They Seem
sijin intelligent forming machinery (003025.SZ): Multi-station intelligent precision hot upset forming equipment has entered the substantive development stage.
Gelonghui November 5th | Sijin Intelligent (003025.SZ) stated in its investor relations that the company's multi-station intelligent precision warm-hot upsetting forming equipment has entered a substantial research and development stage: it has completed a prototype machine (SJHBF-502L) (currently in the sample stage: using this machine to trial-produce samples, the sample is a high-strength external hexagon bolt, model M42×420, diameter 42mm, length 420mm, weight about 5.5Kg), another prototype machine (SJHF-804) is in the trial-production phase. High-speed precision hot forming technology, similar to cold forming technology, is based on plasticity.
sijin intelligent forming machinery (003025.SZ): Successfully developed the SJBP-88S complex parts cold forming machine and other eight-station series models
Gelonghui on November 5th, sijin intelligent forming machinery (003025.SZ) stated in investor relations that in 2023, the company has successfully developed eight workstation series models including SJBP-88S complex parts cold forming machine, SJBP-108S multi-link precision parts cold forming machine, SJBP-138L, SJBP(H)-168S and SJBP(H)-208L precision asia vets cold heading forming equipment. In 2024, according to the personalized customization needs of downstream customers' products, the degree of product serialization will be further improved. In addition, the company also completed the SJBL-108R elongation and leveling.
Sijin Intelligent Forming Machinery (003025.SZ): In 2023, overseas sales mainly focused on countries such as India, Thailand, Turkey, Egypt, Brazil, and Argentina.
In November 5th, Gelonhui reported that sijin intelligent (003025.SZ) stated in investor relations that in 2023, the company's overseas sales are mainly concentrated in countries such as India, Thailand, Turkey, Egypt, Brazil, and Argentina. The company usually receives payments for export business through telegraphic transfer and irrevocable sight letter of credit; the company generally requires overseas customers to pay a deposit after signing the contract, and the remaining amount to be paid before shipment. The company's overseas order delivery usually adopts FOB terms, and the marine transportation costs are borne by the customers.
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