Ke Rui Si Science and Technology Innovation Board will be a leader in domestic full direct drive CNC machine tools at the IPO

The Zhitong Finance App learned that on August 17, Guangdong Kerui Strontium CNC Technology Co., Ltd. (abbreviation: QE) Shanghai Stock Exchange Science and Technology Innovation Board IPO passed the Listing Committee meeting. Cathay Pacific Haitong Securities is its sponsor and plans to raise 719 million yuan.

According to the prospectus, Coristron is mainly engaged in R&D, production and sales of full direct drive CNC machine tools and CNC system products. It is a leader in full direct drive CNC machine tools in China. It is also one of the few domestic enterprises that also have PWM type CNC systems and bus-type CNC systems, and both types of CNC systems have formed large-scale sales.

Up to now, more than 20,000 sets of CNC system products have been sold and used. They are used in precision milling machines, precision grinding machines, three-dimensional five-axis lasers, force-controlled grinding equipment, and automation equipment. They have replaced mainstream CNC systems such as Germany's Siemens, Germany's Heidenhain, Japan's Fanuc, and Japan's Mitsubishi, and already have a certain market popularity. Among them, the company's U series PWM CNC system successfully broke Germany's monopoly on the Chinese machine tool market. In the domestic machine tool market, Germany's Heidenhain and Company is the main supplier of PWM CNC systems; in addition, due to its excellent performance and product stability, the company's N series bus CNC system has been successfully sold to many world-renowned automation solution companies, such as Fanuc Robotics.

Strontium is one of the representative enterprises of domestic full-direct drive CNC machine tools and PWM CNC systems. In response to the severe reality that China's high-end industrial machines mainly rely on imports, the issuer has made substantial breakthroughs in the two major fields of high-end CNC machine tools and CNC systems. The issuer ranked first among domestic manufacturers in terms of sales of full direct drive CNC machine tools in 2024, and is one of the few domestic manufacturers that can independently develop and sell PWM CNC systems to machine tool companies. During the reporting period, the number of customers served by the issuer increased year by year, with a cumulative total of over 700 companies, including Foxconn, Changying Precision (300115.SZ), Tonglian Precision (688210.SH), Weifang Lichuang, Sunwoda (300207.SZ), Antai Technology (000969.SZ), Amphenol, Huayu Colburn, Helin Weina (688661.SH), Aerospace Huanyu (688523.SH), Lixun Precision (002475.SZ), Jintuo (), Zhaowei Electromechanical (0021.SZ) 603211.SH ), Huaqin Technology (603296.SH), Dingtai Hi-Tech (301377.SZ), Jack Equipment, Houtman, Spring Grass Grinding, Fanuc Robotics, Japan's Sardick, etc.

The capital raised in this offering (after deducting the issuance fee) is planned to be invested in the following projects:

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 253 million yuan, 317 million yuan, and 410 million yuan respectively; in the same period, it recorded net profit of 356.109 million yuan, 63.2374 million yuan, and 76.4823 million yuan, respectively.