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The machine tool industry maintains steady growth during the off-season. Kede CNC reports a production and sales rate of nearly 90%. Overseas orders are experiencing rapid growth. | Highlights from the earnings conference.
① Yin Yunzhong said that the production and sales rate of the company during the reporting period was close to 90%. Currently, the production capacity utilization rate is close to saturation. It is expected that by 2028, the production capacity of the five-axis machine can reach 1100 units. ② Yu Benhong stated that the expansion progress of the Dalian plant is steady. The purchased horizontal milling production line has entered the trial operation stage, and the gantry production line has been installed and debugged at the factory. After being put into use, it will further accelerate the capacity improvement.
Kode CNC Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 Semi-Annual Report of Kode CNC Co., Ltd.
Declining Stock and Decent Financials: Is The Market Wrong About KEDE Numerical Control Co., Ltd. (SHSE:688305)?
The Pacific Securities: machinery industry Q2 fund holding ratio slightly decreased, with a relatively concentrated change in the sub-industry.
In Q2 2024, the heavyweights in funds hold a total market value of 57.844 billion yuan in the machinery industry, accounting for 3.45%, a decrease of 0.10 percentage points compared to the previous quarter.
Kede CNC (688305.SH): Five-axis linkage CNC machine tool products have been widely used in the aviation field represented by airplanes.
On July 26th, Glon Hui reported that Codenumeric control(688305.SH) disclosed the investor relations activity record table, showing that the company's five-axis linkage CNC machine tool products have been widely used in aviation industry represented by aircraft, and the company has provided equipment for nearly 30 mainframe factories and research institutes under Aviation Industry Corporation of China (AVIC) and Aero-Engine Corporation of China (AECC). The series of self-developed 5-axis vertical machining centers, 5-axis horizontal milling compound machining centers, 5-axis horizontal machining centers, high-speed blade tip grinding machining centers, and 6-axis 5-linkage blade machining centers can efficiently process the core parts of aircraft engines; 5-axis horizontal boring and milling compound machining centers.
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