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China's diamond tool industry has a large development space, and the company's growth rate as a leading company is slightly higher than 20%. After 20 years of development, China's diamond tool industry is gradually maturing. At present, its main downstream industry is in a stage of rapid development (China has become the world's largest stone production and processing country; China's construction industry also has a rate of more than 20% per year. Growth, etc.), coupled with the acceleration of the world diamond tool industry's transfer to China's industry, will face greater development opportunities in the future (we expect the domestic market demand growth in the next three years to be between 15-20%). As a leading company in domestic diamond tools, the company has obvious advantages in terms of scale, technology, sales network and other comprehensive strengths. The gross profit margin is relatively high. We expect the company's performance growth to be significantly faster than the industry's overall level. Located at the upper limit of industry growth, slightly above 20%.
In addition to diamond tools, the company will have more growth points in the next three years. We believe that the company's main focus in the next three years is: high growth of power tool products (as labor costs increase, the demand for power tools to increase labor efficiency will gradually increase); the development of high-speed rail market (2-3 years later company It is possible to enter the localization market of high-speed rail brake pads); the slow recovery of developed countries will bring opportunities (to bring opportunities to the company's low-cost mergers and acquisitions; anti-dumping pressure will be reduced, the company has passed the worst moment). The company is in the most obvious stage of scale effect, and revenue growth will be fully reflected in profit growth.
In addition to diamond tools, the company will have more growth points in the next three years. We believe that the company's main focus in the next three years is: high growth of power tool products (as labor costs increase, the demand for power tools to increase labor efficiency will gradually increase); the development of high-speed rail market (2-3 years later company It is possible to enter the localization market of high-speed rail brake pads); the slow recovery of developed countries will bring opportunities (to bring opportunities to the company's low-cost mergers and acquisitions; anti-dumping pressure will be reduced, the company has passed the worst moment). The company is in the most obvious stage of scale effect, and revenue growth will be fully reflected in profit growth.
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