Huarui Precision(688059)2024-10-10 10:17Group 1: Research and Development - The company's R&D expenses for the first half of 2024 amounted to 30.59 million CNY, representing a year-on-year increase of 2.33% [1] - Despite the increase in total R&D investment, the proportion of R&D expenses relative to operating income has decreased [1] - The company plans to maintain steady investment in R&D to ensure technological leadership and innovation capabilities [1] Group 2: Coating Technology - The company has developed unique coating technologies, including "sticking pile bonding" and "needle-like crystal transition," which enhance the bonding strength of CVD coatings [2] - These technologies ensure good adhesion between TiCN and Al2O3 coatings, achieving a reasonable transition between crystal systems [2] Group 3: Tax Incentives and Financial Impact - The company benefits from specific tax incentives, which positively impact its financial status [2] - Details regarding these tax incentives can be found in the company's regular reports [2] Group 4: Market Position and Brand Influence - The company has been recognized as a national-level "specialized and innovative" enterprise, affirming its technological strength and innovation capabilities [2] - The company aims to leverage this recognition to enhance brand influence and expand market share through increased R&D investment and collaboration with research institutions [2] Group 5: Shareholder Structure and Stock Issuance - The company has converted all restricted shares into freely tradable shares, which may affect stock price and shareholder structure [3] - The company is in the process of issuing A-shares to specific investors to strengthen financial capabilities and support strategic development [3] Group 6: Product Standards and Market Competitiveness - The company's core products have reached advanced levels in processing precision, efficiency, and service life, entering the domestic mid-to-high-end market traditionally dominated by European, American, and Japanese brands [3] - The company aims to enhance its overall strength in hard alloy CNC blades to match or exceed the standards of top brands [3] Group 7: Financial Performance - In the first half of 2024, the company achieved operating revenue of 410.42 million CNY, reflecting a year-on-year growth of 14.93% [4]