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Guangdong Province, specializing in new small and medium-sized enterprises, one of China's leading diamond tool industry, Ben Lang new materials rose slightly.
Release time:
2024-09-24 15:49
May 22, NSE-listed Penland New Materials (836807) rose, closing at 4.98 yuan / share, up 1.84%.
The same wall financial understanding, the company is a focus on diamond tool research and development, production and sales of high-tech enterprises, is one of China's leading enterprises in the diamond tool industry, in the global ceramic processing diamond tools segment market share ranked top. The company's products include diamond tools (including resin-bonded diamond tools, metal-bonded diamond tools and precision machining diamond tools), rare-earth permanent magnet components and silicon carbide tools, etc., of which diamond tools are the company's main products.
The Company has passed the Guangdong Province Specialized, Specialized and New Small and Medium-sized Enterprises Recognition; it has been appraised as a “ National Intellectual Property Advantageous Enterprise”; and the Company's resin-bonded diamond tools have been appraised as the Guangdong Province Manufacturing Individual Champion Products. As of 2023.12.31, the company has obtained 138 patents, including 41 invention patents and 97 utility model patents.
Diamond tools are widely used in the field of ceramics and stone processing, and have a broad market demand as necessary consumables in the process of ceramics processing, stone mining and processing, and the change of market demand is mainly affected by the downstream industry's fixed asset investment, technological transformation, and industrial policy, etc. The overall growth rate of the ceramics and stone processing market has been increasing. Ceramics, stone processing market overall slowdown in growth, ushered in the structural adjustment, but the green upgrade is expected to become a new driving force for the development of the industry.
With the development of diamond tool technology, diamond tools as “ industrial fast moving consumer goods ”, applied to a variety of machinery and equipment, can enhance the processing efficiency of machinery and equipment, processing quality, has become one of the irreplaceable basic equipment tools of modern industry. According to Industry ARC's forecast, the global diamond tools market will exceed $4.37 billion in 2026, with a compound annual growth rate of more than 6.7% from 2021 to 2026.
With the development of architectural design, stone has long been one of the important materials for construction, decoration, road and bridge construction. In today's stone processing industry, superhard material products are used throughout the entire industrial chain, from the initial stone mining to processing requires the use of a large number of rope saws, saw blades, grinding wheels, row saws and other superhard material products. According to China Stone Association statistics, in 2023, the number of enterprises above scale in the stone industry 3,526, an increase of 189. The technological progress and product upgrading of stone mining, processing equipment and supporting diamond tools are promoting domestic mining and processing into a new era of energy-saving and material-saving, green development.
According to the machine tool industry association data, in 2023 China's metalworking machine tool market consumption of 181.6 billion yuan, driven by the military, energy, automotive and other fields of equipment processing quality and efficiency improvement needs, some applications of machine tools are growing trend.
Performance, according to the company has disclosed 2024 first quarterly report, the company realized operating income of 114.2 million yuan, net profit of 9.287 million yuan.
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