Boshen Tools: Power tools and diamond tools are growing strongly

It is widely expected in the market that the company is expected to enter the high-speed brake pad market in 2012 and contribute considerable results. Based on the current progress of high-speed rail localization and the development stage of the company's high-speed brake pad products, we conclude that the company's high-speed brake pads are expected to be realized in 2013 and beyond. Mass production.

We believe that the company's performance growth in the past three years will mainly come from the steady development of existing diamond tools and the doubling of power tools. At the same time, we believe that the management team has a stable and flexible management style, extensive marketing network layout, Strong terminal control capabilities will be an important driving force for the company's performance growth.

Diamond tools have added new talents, and stable growth and guaranteed diamond tools have always been the company's main business. In 2008-2009, sales revenue accounted for 82.37% and 78.22% respectively. In the subdivided products, the company's diamond grinding tools will gradually replace the traditional silicon carbide grinding tools in the grinding and polishing of ceramic production. The service life of diamond grinding tools is more than 20 times that of traditional silicon carbide abrasive tools. The alternative ratio of SiC abrasives to ceramic grinding and polishing is about 60%, and there is room for expansion. The domestic ceramics production enterprises gradually adopted the method of outsourcing the diamond grinding tools in the production line, and outsourced the purchase and maintenance of the diamond grinding tools required by the production line to the diamond grinding tool manufacturers, and settled according to the workload. At present, there are more than 2,000 domestic ceramic production lines. According to the replacement ratio of 60%, the average demand for diamond abrasives per production line is about 2 million yuan. The overall market size exceeds 4 billion yuan, but due to the tool outsourcing model, the contractor is required to pay large The funds of the quota have strong financial barriers, and many small manufacturers in the industry will be blocked.

By the end of 2010, the company has successfully obtained the diamond grinding tools business of five production lines, and it is expected to exceed 17 production lines in 2011. The company relies on the technical accumulation of diamond grinding tools for many years, the first-mover advantage of the pioneers of diamond grinding equipment outsourcing in ceramic production lines, and the strong financial strength after the listing, the market space is broad in the future.

The downstream industries of diamond tools mainly focus on infrastructure construction, construction, decoration and decoration of highways and bridges, etc., benefiting from the speed of road network construction and construction of affordable housing in the country in recent years, and the demand for wedding houses after the birth of the second baby boomer. The concentrated release of the decoration and decoration industry is expected to increase the diamond tool industry by about 15% in the next few years. As the leading domestic diamond tool, the company has the largest market share in the industry for many years. Considering the broad market space brought by the new market and new profit model, the company expects the diamond tool business for the next 3 years.
 

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