strong demand for smtcl CNC machine tools in electronics and military industries

From the downstream field of CNC machine tools, there is a strong demand in electronics, military and other fields, coupled with the acceleration of domestic substitution after pattern optimization.

On the one hand, under the background of the China US trade war, the import of domestic machine tools is restricted. Private machine tool enterprises such as Genesis, Haitian Precision, and Runxing Technology have opened up space, accelerating the pace of domestic substitution; On the other hand, the strong demand for machine tools in aerospace and military industries, 3C electronics (5G+Apple), engineering machinery, and molds (driven by epidemic prevention) has become a growth highlight for the cyclical recovery. In addition, the downstream automotive industry, which is the largest application of machine tools, has also rapidly recovered after the epidemic, driving demand for machine tools.