Kede CNC s performance in 2023 exceeded expectations, and the equipment update is good for domestic

Mondo Finance Updated on 2024-02-28

Five-axis linkage CNC machine tool is a kind of machine tool with high technology content, high precision, specially used for processing complex curved surfaces, with a wide range of applications, fine processing quality, high work efficiency and other advantages, is considered to be the most important processing tool for aerospace, shipbuilding, precision instruments, power generation and other industries to process key components.

According to the data released by QYRESEARCH, the global five-axis linkage CNC machine tool market sales will reach 74 in 2021$7.5 billion and is expected to reach $13.8 billion by 2027$3.5 billion, with a compound annual growth rate of 1081%。According to MirdataBank data, the market size of China's five-axis linkage CNC machine tools in 2021 will be about 80300 million yuan, equivalent to 12$4.5 billion, accounting for about 1665%。

Kede CNC's main business is five-axis linkage CNC machine tools, high-end CNC systems, key functional components and flexible automated production lines, of which high-end CNC machine tools are the company's most important revenue, accounting for 87%.

On February 22, 2024, Kede CNC released its 2023 performance report, with an operating income of 45.2 billion, a year-on-year increase of 4337%, net profit attributable to the parent company 11.5 billion yuan, a year-on-year increase of 7668%, deducting non-attributable net profit of 11.5 billion yuan, a year-on-year increase of 7572%。

According to the 2023 performance projection, the operating income in the fourth quarter is 15.9 billion, a year-on-year increase of 4587%, net profit attributable to the parent company 0500 million, a year-on-year increase of 8519%, deducting 0700 million, a year-on-year increase of 31176%, the fourth quarter was higher than the previous three quarters year-on-year, exceeding expectations.

machine tools as"Industrial machine tools", which plays a very important role in the manufacturing industry and is crucial to national strategic security. "Stuck neck"Under the contradiction between high-end machine tools and manufacturing upgrading, machine tools have entered the accelerated period of domestic substitution. With the optimization and upgrading of China's industrial structure, it has brought new opportunities to the domestic high-end machine tool industry.

Kede CNC's performance in 2023 and the fourth quarter will maintain high growth, the company's products are highly competitive, the gross profit margin and net profit margin are at a high level among comparable companies in the same industry, and the product profitability is strong. Kede CNC will increase more orders in 2023, continue to expand production capacity, and is optimistic about maintaining high growth in 2024.

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