Core Viewpoint - The company indicates that the price of tools, a deep-processing product of tungsten, continues to rise, which can offset the increased costs of raw materials [1] Group 1 - The price of tools has significantly increased month-on-month as of October, according to the company's shipping data [1] - The rising tool prices are attributed to the ongoing price increases in the tungsten market [1]

证券日报网讯欧科亿11月24日在互动平台回答投资者提问时表示，截至2025年9月30日，公司股东总数 为7，667户。需要查询其他非定期报告对应时点的股东信息，应当向公司提供个人或机构有效证件、以 及有效持股证明文件向公司书面或电话查询。 （文章来源：证券日报） ...

Core Viewpoint - The company has made significant advancements in the robotics sector, particularly in the development of core components and tools for robotic applications [1] Group 1: Company Developments - The company has established a substantial presence in the manufacturing of cutting tools for robotic core components [1] - Existing tool products are applicable for processing robotic parts such as screws, reducers, and planetary gears [1] - The company has developed a cyclone milling cutter specifically for high-precision screw processing in humanoid robots, enhancing production efficiency and machining accuracy [1] Group 2: Product Validation and Future Plans - Gear hobs for gear processing have been validated by downstream customers and have entered the supply phase [1] - The company has completed tool testing with leading enterprises in the reducer sector [1] - There are ongoing efforts to optimize and develop related tool products, with an increased focus on comprehensive solutions for robotic core component processing [1]

Group 1 - The core viewpoint of the news is that 欧科亿's stock has experienced fluctuations, with a recent decline of 2.03% and a year-to-date increase of 58.93% [1] - As of November 20, the stock price is reported at 28.45 yuan per share, with a market capitalization of 4.517 billion yuan [1] - The company has seen a net outflow of main funds amounting to 1.7093 million yuan, with significant selling pressure [1] Group 2 - For the period from January to September 2025, 欧科亿 achieved operating revenue of 1.023 billion yuan, reflecting a year-on-year growth of 14.34% [2] - The net profit attributable to shareholders for the same period was 51.126 million yuan, which represents a year-on-year decrease of 43.09% [2] - The number of shareholders increased by 13.48% to 7,667, while the average circulating shares per person decreased by 11.88% to 20,709 shares [2] Group 3 - Since its A-share listing, 欧科亿 has distributed a total of 261 million yuan in dividends, with 158 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Zhuzhou Oke Carbide Precision Tool Co., Ltd., will hold an investor briefing on November 27, 2025, to discuss its Q3 2025 performance and financial results, allowing for interactive communication with investors [2][3][4]. Group 1: Meeting Details - The investor briefing is scheduled for November 27, 2025, from 14:00 to 15:00 [4]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an online interactive format [4]. - Investors can submit questions from November 20 to November 26, 2025, before 16:00, through the Roadshow Center website or via the company's email [2][4]. Group 2: Participants and Contact Information - Key participants in the meeting will include Chairman Yuan Meihe, Vice General Manager and Board Secretary Han Hongtao, Financial Director Liang Baoyu, and Independent Director Ouyang Zuyou [4]. - For inquiries, investors can contact the Securities Legal Affairs Department at 0731-22673899 or via email at oke_info@oke-carbide.com [5][6]. Group 3: Post-Meeting Information - After the investor briefing, participants can access the meeting details and main content through the Shanghai Stock Exchange Roadshow Center [6].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688308 证券简称：欧科亿 公告编号：2025-040 株洲欧科亿数控精密刀具股份有限公司 关于召开2025年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025年11月27日 （星期四） 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年11月20日（星期四）至11月26日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱oke_info@oke-carbide.com进行提问。公司将在说明会上对投资者 普遍关注的问题进行回答。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）已于2025年10月24日发布公司2025年第三季 度报告，为便于广大投资者更全面深入地了解公司2025年第三季度经营成果、财务状况，公司计划于 202 ...

证券代码：688308 证券简称：欧科亿 公告编号：2025-040 株洲欧科亿数控精密刀具股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 会议召开时间：2025 年 11 月 27 日 （星期四） 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.s seinfo.com/） 会议召开方式：上证路演中心网络互动 （三）会议召开方式：上证路演中心网络互动 三、参加人员 重要内容提示： 投资者可于 2025 年 11 月 20 日（星期四）至 11 月 26 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 oke_inf o@oke-carbide.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）已于 2025 年 10 月 24 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了 ...

Summary of the Conference Call on the Tool Industry Industry Overview - The conference call focuses on the tool industry, specifically highlighting the performance of companies Huari Co., Ltd. and Oke Yi in Q3 2025 [1][2][3]. Key Points and Arguments - **Significant Growth**: - Huari reported a revenue growth of approximately 45% in Q3 2025, with a net profit of around 50 million yuan, marking a year-on-year increase of 9 times [1][2][3]. - Oke Yi's revenue increased by 33% year-on-year and 40% quarter-on-quarter, with a net profit exceeding 50 million yuan, reflecting a 70% year-on-year growth [1][2][4]. - **Raw Material Price Surge**: - The prices of key raw materials, tungsten concentrate and tungsten carbide, have skyrocketed, with tungsten concentrate rising from 140,000-150,000 yuan to over 300,000 yuan, and tungsten carbide increasing from over 300 yuan to around 710-720 yuan [1][5][6]. - This price surge has acted as a catalyst for industry growth, allowing midstream consumables to effectively transmit price increases [5]. - **Price Adjustments by Companies**: - Huari and Oke Yi have implemented 3-4 rounds of price adjustments this year, with each adjustment around 10%, totaling an overall adjustment of 30%-40% to cover raw material cost increases [6]. - **Market Dynamics**: - The industrial sector is experiencing low inventory levels combined with direct replenishment demand, putting pressure on smaller companies while larger firms adjust sales strategies to navigate market changes [6][7]. - Emerging industries such as wind power, automotive, and military are driving rigid demand growth, leading to a depletion of low-priced inventory among distributors and prompting tool replenishment [7]. - **Current Industry Challenges**: - The tool industry is currently at the bottom of the cycle, with weakened demand in general automation and manufacturing since 2022, leading to reduced inventory levels without significant replenishment [8]. - Despite revenue growth, profit margins have been under pressure due to low capacity utilization and previous investments [8]. - **Future Outlook**: - There is an optimistic outlook for the tool industry, with potential policy signals that could trigger a new wave of demand [11]. - The ongoing trends of international expansion and high-end product development are expected to continue, with Huari and Oke Yi positioned as leading companies in this sector [11]. Additional Important Insights - **Investment Considerations**: - The importance of inventory cycles in investment decisions is diminishing, but attention should still be paid to inventory and demand momentum [12]. - The current bottom of the cycle presents opportunities in cyclical assets like consumable tools, which can benefit directly from changes in demand due to low inventory levels [12]. This summary encapsulates the key insights from the conference call regarding the tool industry and the performance of Huari and Oke Yi, highlighting growth trends, challenges, and future expectations.

Core Insights - The company has sufficient orders on hand, with a rapid increase in new orders due to recovering downstream demand and inventory replenishment needs [2][3] - The company's production capacity is robust, with a significant increase in capacity utilization rates across all products, particularly in the CNC blade segment [3][4] - Tool prices are on the rise, with expectations for further increases based on current order prices and recent shipment data [4][5] Company Performance - The company has seen a substantial improvement in its production capacity utilization, with an average of 50% in Q3 2025, expected to rise further in Q4 [3][5] - The company has effectively upgraded its product structure and maintained a strong inventory of raw materials, which has positively impacted its core competitiveness [6][8] Market Dynamics - The market is experiencing a low inventory phase, leading to a strong demand for replenishment, while product prices are increasing, resulting in a simultaneous rise in volume and price [5][10] - The domestic market for high-end tools is undergoing accelerated import substitution, with significant potential for growth in the high-precision and high-lifetime segments [9][10] Industry Trends - The demand for tools in the aerospace and military sectors is increasing, driven by the need for high-performance materials, which presents a growth opportunity for domestic tool manufacturers [12] - The overall outlook for the tool industry remains optimistic, supported by government policies aimed at stabilizing growth and increasing domestic manufacturing investment [10][12]

Core Insights - The demand for precision cutting tools, particularly thread processing tools, is significantly increasing in China's manufacturing sector, driven by the rapid development of the automotive and aerospace industries [1][7][11] - The market size of China's thread processing tool industry is projected to reach 3.323 billion yuan in 2024, with a year-on-year growth of 7.40% [1][7] Overview - Thread processing tools are specialized tools used to create specific thread profiles on materials like metal and plastic, categorized into cutting and rolling tools, and further divided into types such as taps, dies, thread mills, and rolling tools [2][3] Market Policies - The Chinese government has implemented several policies to support the development of the cutting tool industry, recognizing its critical role in manufacturing efficiency and product quality [4][5] Industry Chain - The upstream of the thread processing tool industry includes suppliers of raw materials like high-speed steel and carbide, as well as production equipment suppliers. The midstream involves R&D, design, and production, while the downstream encompasses various sectors such as automotive manufacturing, general machinery, and aerospace [6][8] Current Development - The thread processing tool industry is experiencing rapid growth due to the increasing precision requirements in manufacturing, particularly in high-end sectors like automotive and aerospace [1][7] Competitive Landscape - The industry features a mix of international players like Sandvik and Kennametal, and domestic companies such as Zhongtung High-tech and Hengfeng Tools, with domestic firms gaining market share through technological advancements [8][9] Representative Domestic Companies - Zhongtung High-tech focuses on tungsten and carbide products, reporting a revenue of 7.849 billion yuan in the first half of 2025, with cutting tools contributing 1.701 billion yuan [9][10] - Hengfeng Tools specializes in precision cutting tools, achieving a revenue of 0.338 billion yuan in the first half of 2025, with precision tools accounting for 19.80% of total revenue [10][11] Future Trends - The industry is expected to advance towards higher precision levels, with domestic companies aiming to enhance processing technologies and adopt environmentally friendly manufacturing practices [11][12]