Core parts of listed machine tool companies

From the upstream of the machine tool industry, upstream parts can be divided into structural parts, numerical control systems, transmission systems, functional components, etc., which account for the most important cost of the machine tool. From the perspective of the branch company, the top three parts of Haitian Seiko machine tools are structural parts, control systems and transmission systems, accounting for 34.92%, 21.60% and 20.35% respectively; The top three parts of Newe CNC machine tools are functional parts, electrical parts and castings, accounting for 25.58%, 22.33% and 20.86% respectively; The top three RED670 parts accounted for other materials of machine tools, CNC systems and accessories and plate welding raw materials, accounting for 22.73%, 20.17%, 20.05% respectively; The top three parts of Corde CNC machine tools are structural parts, transmission and control systems, accounting for 39.26%, 17.26% and 13.11% respectively; The top three parts accounted for the guide rail, CNC system and castings, accounting for 26.69%, 24.05%, 14.82% respectively.

2. Parts suppliers

The company is concentrated in Fanuc, Siemens, HIMIN and Taiwan Yintai, etc. Core functional components such as turntable, tool store, tool tower, etc., are partly imported, some use domestic brands, the company is concentrated in Taiwan Baojiacheng, Xuyang, Changzhou Desu, Beiju and so on. Structural parts and castings, plate welding parts to domestic brands, such as Guangyang Technology, Yunkesheng numerical control and so on. In general, the upstream core parts of the machine RED670 tool are mainly imported from Japan and Germany, and non-core parts are gradually using domestic brands.

3. Expansion plan for key enterprises

In response to the national 14th Five-Year Plan, China’s machine tool manufacturers actively carry out production capacity expansion plans based on high-end CNC machine tools. Up to now, Newey CNC’s third phase of high-end CNC machine tool industrialization project has been completed and put into operation in August 2022, and it is expected to increase annual production capacity by 2000 units, and the fourth phase project has been planned; The middle and high-end CNC machine tool production project of Guosheng Zhike has also roughly completed the construction phase, which is expected to reach 50% of the design capacity in 2023 and achieve production in 2024; The industrial capacity improvement project of the high-end five-axis CNC machine tool for aerospace has completed the plant construction and renovation and decoration stage, and is installing and commissioning equipment. The company plans to achieve 500 five-axis CNC machine tools production capacity by 2025; Genesis, Qinchuan machine tools and Haitian Seiko also have corresponding expansion plans. In summary, after these projects reach production, we conservatively expect an annual increase of more than 15,000 high-end machine tools, which will inject new vitality into the field of domestic high-end machine tools.

RED670

(4) A new generation of AI+ and five-axis machine tools are expected to rise

1. A new generation of AI+ machine tools has given Chinese enterprises the opportunity to overtake on corners

Since 2011, the development of information technology such as big data, cloud computing, and the Internet, and computing platforms such as graphics processors have promoted the rapid development of artificial intelligence technology represented by deep neural networks, greatly crossing the “technology gap” between science and application. Artificial intelligence technology, because it relies on more general mathematical principles, involves a wider range and can enter many fields. For many industrial RED670 enterprises, when they are not sure whether the results will bring benefits, they must make early investment. Uncertainty has a great impact on enterprise decision making. Although government policies have promoted a number of enterprises to try first, due to various reasons, at present, in the field of mechanical processing, there are still no large areas of experimental enterprises in the field of AI application to obtain better practice. ChatGPT led to a new wave of AI development. In 2020, OpenAI launched GPT-3, the model parameter scale reached 175 billion, becoming the largest language model at the time. Subsequently, more strategies such as human feedback-based reinforcement learning (RHLF), code pre-training, and instruction fine-tuning began to emerge and were used to further improve reasoning and task generalization. In November 2022, ChatGPT equipped with GPT3.5 emerged from the world, rapidly triggering a new wave of AI with realistic natural language interaction and multi-scene content generation capabilities. In March 2023, the newly released large-scale multi-modal pre-training large model, GPT-4, has multi-modal understanding and multi-type content generation capabilities.

Technically speaking, the core link of high-end CNC machine tools is to rely on artificial intelligence CNC system integrated AI chip, integrated AI algorithm, artificial intelligence, Internet of things and other new generation of intelligent technology and advanced manufacturing technology deep integration, follow the RED670 “independent perception – independent learning – independent decision-making – self-master execution” new model, so as to achieve true intelligence. With the continuous integration and development of the Internet, big data, cloud computing and a new generation of artificial intelligence technology and manufacturing technology, the rapid development of CNC system intelligent technology, many CNC system enterprises have launched a CNC system with intelligent functions, which is characterized by: increasing the sensor, enhancing the ability to perceive the processing state, and realizing the convergence of machine tool processing data; Using artificial intelligence algorithms to mine the knowledge in the data, users can develop apps with the support of CNC system enterprises to achieve intelligent machine tool control. Siemens, Fanuc, Heidehan and other overseas enterprises have launched intelligent numerical control system, the domestic enterprise Huazhong Numerical control launched the Huazhong 9 intelligent numerical control system, to achieve quality improvement, process optimization, health protection and production management and other intelligent functions, making CNC machining “higher, faster, more intelligent”. The system is equipped with AI chip, which can realize real-time prediction and reasoning at millisecond level; It integrates dozens of intelligent applications and builds an open platform for customized artificial intelligence operation and development. With dynamic response simulation function: dynamic modeling, big data replication association, to achieve machine tool digital twins. Cord CNC also launched the installation of GNC62 CNC system five-axis vertical turning and milling complex machining center and five-axis horizontal milling complex machining center, the system supports digital twin, pitch error compensation, has a friendly human-computer interaction interface, support online monitoring and information integration, and has a powerful secondary development interface. The development of AI+ contributes to the intelligent development of the machine tool industry, and Chinese enterprises have the opportunity to achieve high-precision and high-performance machine tool technology breakthroughs through this opportunity, and corner overtaking is expected to be realized.