Ceramic Rite Strontium has passed the IPO review for the Sci-Tech Innovation Board, becoming a leader in domestically produced fully direct drive CNC machine tools.

On August 17, Guangdong KERUISI Numerical Control Technology Co., Ltd. (abbreviated as KERUISI) passed the listing committee meeting for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board. Guotai Junan Securities is its sponsoring institution, planning to raise 719 million yuan. According to the prospectus, KERUISI primarily engages in the research, development, production, and sales of all-direct drive CNC machine tools and CNC systems. It is a leader in domestic all-direct drive CNC machine tools and one of the few enterprises in the country that possesses both PWM-type CNC systems and bus-type CNC systems, with both types having achieved significant sales. As of now, KERUISI's CNC system products have accumulated sales and usage of over 20,000 sets, applied in areas such as precision milling machines, precision grinding machines, five-axis linked machine tools, three-dimensional five-axis lasers, force control grinding equipment, and quasi-automated equipment, successfully replacing mainstream CNC systems from Siemens (Germany), Heidenhain (Germany), Fanuc (Japan), and Mitsubishi (Japan), and have gained a certain degree of market recognition. Notably, the company's U series PWM-type CNC system has successfully broken the monopoly of Heidenhain in the Chinese machine tool market; they and KERUISI are the major suppliers of PWM-type CNC systems in the domestic market. Additionally, the companys N series bus-type CNC system, due to its excellent performance and product stability, has been successfully sold to many globally renowned automation solution companies, such as Fanuc and Siasun Robot & Automation. KERUISI is one of the leading domestic manufacturers of all-direct drive CNC machine tools and PWM-type CNC systems. In light of the severe reality that China's high-end industrial machine tools are mainly reliant on imports, the issuer has made substantial breakthroughs in both high-end CNC machine tools and CNC systems. The issuer's sales volume of all-direct drive CNC machine tools ranks first among domestic manufacturers in 2024, and it is one of the few companies that can independently research and develop and market PWM-type CNC systems to machine tool enterprises on a large scale. During the reporting period, the number of customers served by the issuer has increased year by year, totaling over 700, including Foxconn, Shenzhen Everwin Precision Technology (300115.SZ), Shenzhen Pacific Union Precision Manufacturing (688210.SH), Weifang Lichuang, Sunwoda Electronic (300207.SZ), Advanced Technology & Materials (000969.SZ), Amphenol, Huayu Kabel, Suzhou UIGreen Micro & Nano Technologies (688661.SH), Hunan Aerospace Huanyu Communication Technology (688523.SH), Luxshare Precision Industry (002475.SZ), Jintuo Technology (603211.SH), Shenzhen Zhaowei Machinery & Electronics (003021.SZ), Huaqin Co., Ltd. (603296.SH), Guangdong Dtech Technology (301377.SZ), Jack Equipment, Haoteman, Chun Cao Grinding, Fanuc Siasun Robot & Automation, and Shadick (Japan), among other well-known domestic and international manufacturers. The raised proceeds from this issuance (after deducting issuance costs) are planned to be invested in the following projects: In terms of finances, for the years 2023, 2024, and 2025, the company is projected to achieve operating revenues of approximately 253 million yuan, 317 million yuan, and 410 million yuan, respectively; during the same period, it is expected to record net profits of approximately 35.61 million yuan, 63.24 million yuan, and 76.48 million yuan, respectively.