Neway CNC(688697)2024-05-27 08:24Financial Performance - 2023 revenue reached 2.321 billion yuan, a year-on-year increase of 25.76% [3] - 2023 net profit attributable to parent company was 318 million yuan, a year-on-year increase of 21.13% [3] - Q1 2024 revenue was 549 million yuan, a year-on-year increase of 3.96% [3] - Q1 2024 net profit attributable to parent company was 69.5514 million yuan, a year-on-year decrease of 3.03% [3] Order and Market Conditions - Current order intake is stable with sufficient orders on hand [3] - Downstream industries are generally in a recovery phase, with aerospace, general machinery, construction machinery, and petroleum valve industries performing relatively well [4] Overseas Business - Overseas market demand has shown significant growth [4] - Overseas business gross margin increased by 3.58 percentage points in 2023 due to refined management and improved brand recognition [4] Product Development - VD650L vertical machining center features linear motor drive and mineral casting bed, suitable for high-precision parts processing in new energy, electronics, medical, and mold industries [5] - 2024 R&D focus includes high-end turning-milling compound machining centers, high-performance CNC vertical turning centers, precision vertical machining centers, high-performance five-axis horizontal machining centers, and high-speed gantry machining centers [6] Strategic Direction - Company adheres to a comprehensive product development strategy, balancing development across various CNC machine series to mitigate industry fluctuations [5] - Future product development will focus on high speed, high precision, high efficiency, intelligence, and environmental friendliness [5]