As the “teeth” of industrial machine tools, tools have a direct impact on improving the precision, high speed and high efficiency of machine tools. However, since 2010, China’s tool consumption has only accounted for about 17% of machine tool consumption, and is still at a relatively low level compared with the global average of 40%.
As an important part of high-end CNC machine tools, tools are widely used in material cutting in manufacturing, which plays a key role in the precision, high speed and high efficiency of machine tools. Since China’s superhard tool industry started later than developed countries such as Europe, America and Japan, the domestic market has long been monopolized by foreign manufacturers. Walde is a company mainly engaged in the R&D, production and sales of ultra-high precision and high-precision super-hard tools and super-hard materials. With its core technology developed by itself, some of the products have reached the international level. Standards to replace imported products. Walde was listed on July 22, 2019. As of 14:00 on October 24, 2019, the company’s share price was 81.49 yuan.
Walde was established in 2006. The company is positioned in the global high-end super-hard tool market. The main products include all kinds of ultra-high precision and high-precision super-hard tools, CVD diamond and other super-hard materials. It is applied to the ultra-high-precision cutting of consumer electronic glass such as touch screens and liquid crystal panels in consumer electronic products, and advanced manufacturing fields such as high-precision cutting of core components such as automobile engines and gearboxes. The company’s products are sold through direct sales and distribution models. End users include Caterpillar, LG, BOE, Huaxing Optoelectronics, Tianma Microelectronics, AU Optronics, Dongxu Optoelectronics, and other domestic and foreign companies, as well as German Mercedes-Benz. , Audi, BMW and other car manufacturers’ core component suppliers.
From the revenue structure of the company below, it can be seen that in 2016-2018, the company’s annual revenue increased by 50%, and the revenue of superhard tools accounted for more than 85% of total revenue.
revenue composition
The company’s ability to achieve rapid revenue growth is mainly due to its core technology support, industry trends in manufacturing transformation, and downstream market demand growth.
The company relies on “superhard material laser micro-nano precision processing technology”, “vacuum environmental processing technology”, “PCD ultra-thin poly wafer and composite sheet precision grinding and mirror polishing technology”, “automation design”