KEDE NC: The tariff incident has not adversely affected the company's operations, and the localization rate of complete machine products has reached 85%

KEDE NC introduced at the 2024 annual performance and cash dividend briefing held on May 9 that in 2024, the company achieved operating revenue of 605 million yuan, with the revenue from five-axis linkage CNC machine tools accounting for approximately 85%, production line business accounting for about 8%, key functional components accounting for about 4%, and high-end CNC systems, after-sales services, and other businesses collectively accounting for about 3%. The tariff incident did not adversely affect the company's operations, as the company has always been committed to independent research and development of key functional components, achieving independent control over key components such as five-axis CNC systems, servo drives, motors, rotary tables, swing heads, electric spindles, and a series of sensors, with the localization rate of complete machine products reaching 85%. Core technologies and component procurement have not involved U.S. origin. At the same time, the company does not have sales of goods to the U.S., and the tariff incident has enhanced domestic users' awareness of using domestically controlled high-end equipment, positively impacting the sales of the company's products