Recently, Genesis (300083.SZ) received a new batch of on-site surveys of institutions. The announcement showed that there are many first-line buyers and sellers at home and abroad, such as Harvest Fund, Boshi Fund, and CICC. In addition, according to the statistics of Choice, Genesis has received a total of 109 institutions in the past year except this time. The frequency of institutional surveys is sufficient to highlight its popularity in the capital market.

Manufacturing recovery superimposed update cycle is coming, machine tool industry is booming

After the epidemic, the domestic economy has recovered steadily. At the same time, as the first country in the world to overcome the impact of the epidemic, China has also accepted a large number of manufacturing orders from overseas, which has further accelerated the recovery of the manufacturing industry. According to the latest PMI data released by the National Bureau of Statistics, in May this year, China’s manufacturing PMI was 51.0%, which was only 0.1 percentage point lower than the previous month and higher than the historical level. Since March 2020, China’s manufacturing industry It has been in the economic expansion zone for 15 consecutive months. In addition, in May of this year, the PMI of China's high-tech manufacturing industry was 55.2%, higher than the overall manufacturing industry, rising for three consecutive months, and located in a relatively high economic zone.

Boosted by the dual positive factors of the continuous recovery of the manufacturing industry and the renewal cycle of stock machine tools in 2021, the machine tool industry has ushered in a prime time window for development, and the overall industry is showing a trend of booming production and sales. According to data from the China Machine Tool Industry Association, from January to March 2021, new orders for metal processing machine tools will be +90.1% year-on-year; orders in hand will be +28.1% year-on-year. Among them, new orders for metal cutting machine tools were +111.5% year-on-year, and orders in hand were +25.6% year-on-year; new orders for metal forming machine tools increased by 53.7% year-on-year, and orders in hand increased by 34.6% year-on-year. Compared with the same period in 2019, new orders for metal processing machine tools have increased by 62.7%, of which new orders for metal cutting machine tools have increased by 74.6%, and new orders for metal forming machine tools have increased by 31.7%. Enterprises have ample orders on hand. Demand.

At present, the overall operation of the domestic machine tool industry has improved in an all-round way. In 2021, the machine tool industry will continue its recovery growth trend in 2020, and the main economic indicators are expected to increase by more than 5%.

Stripped assets and went lightly, high-end intelligent equipment business is steadily improving

As the industry’s prosperity continues to pick up, domestic machine tool companies are also ushering in a golden period of development. In January this year, Genesis announced that the company’s precision structural parts business divestiture and integration work has basically been completed. In the future, the company will focus on high-end intelligent equipment business to achieve continuous steady development.

At present, after the completion of the divestiture of the loss-making business, Genesis's overall development continued to improve, and the high-end intelligent equipment business developed rapidly. In 2020, the operating income of Genesis's intelligent equipment business in 2020 will reach 3.1 billion yuan, an increase of 41.13% year-on-year, and the net profit attributable to the parent will reach 511 million yuan. The cumulative shipment volume of CNC machine tools reached 20,364 units, breaking through 20,000 units for the first time. Among them, the annual cumulative shipment volume of general-purpose machine tools reached 5,086 units, breaking through the 5,000-unit mark for the first time, and machine tools in the 3C field were shipped. The volume reached 15,278 units.

In the first quarter, the company achieved revenue of 1.141 billion yuan, a year-on-year increase of 125.34%; net profit attributable to shareholders of listed companies was 134 million yuan, a year-on-year increase of 654.47%. The cumulative shipment volume of CNC machine tools reached 5,531 units, of which the cumulative shipment volume of general-purpose products reached 2,602 units, which has exceeded half of the 2020 annual shipment volume. The growth trend is rapid and the product structure has been optimized.

At the moment, the company has sufficient orders for general-purpose machine tools. The visibility of orders has been seen in the third quarter and the company’s new base will release part of its production capacity at the end of June. By then, the company's overall monthly general-purpose machine tool production capacity will gradually reach 2500 units per month, which can relieve some of the pressure of insufficient production capacity. , To fully consolidate the foundation of business development, steadily achieve external expansion, and enhance the company's core competitiveness, so as to ensure the company's sustained and stable growth in future profitability, and promote the steady and long-term core business.