Recently, Genesis (300083. SZ) received a new batch of on-site research institutions. The announcement shows that there are many front-line buyers and sellers at home and abroad, such as Harvest Fund, Boshi fund and CICC. In addition, according to the statistics of choice, in addition to this time, genesis has received 109 institutions in the past year, and the frequency of institutional research is enough to highlight its popularity in the capital market.

Manufacturing recovery superposition renewal cycle is coming, and the boom of machine tool industry is upward

After the epidemic, the domestic economy recovered steadily. At the same time, as the first country in the world to overcome the impact of the epidemic, China also undertook a large number of manufacturing orders from overseas, further accelerating the recovery of manufacturing industry. According to the latest PMI data released by the National Bureau of statistics, in May this year, the PMI of China's manufacturing industry was 51.0%, only 0.1 percentage point lower than that of the previous month, higher than the historical level in the same period. Since March 2020, China's manufacturing industry has been in the boom expansion range for 15 consecutive months. In addition, in May this year, the PMI of China's high-tech manufacturing industry was 55.2%, higher than the overall manufacturing industry, rising for three consecutive months and in a high boom range.

Boosted by the continuous recovery of the manufacturing industry and the renewal cycle of stock machine tools in 2021, the machine tool industry ushered in a golden time window for development, and the overall industry showed a trend of booming production and sales. According to the data of China Machine Tool Industry Association, from January to March 2021, new orders for metal processing machine tools increased by + 90.1% year-on-year; On hand orders increased by 28.1% year-on-year. Among them, the new orders of metal cutting machine tools were + 111.5% year-on-year, and the orders on hand were + 25.6% year-on-year; The new orders of metal forming machine tools increased by 53.7% year-on-year, and the orders on hand increased by 34.6% year-on-year. Compared with the same period in 2019, the new orders of metal processing machine tools increased by 62.7%, of which the new orders of metal cutting machine tools increased by 74.6%, and the new orders of metal forming machine tools increased by 31.7%. There are abundant orders in hand and strong demand in the industry.

At present, the overall operation of the domestic machine tool industry has improved. In 2021, the machine tool industry will continue the restorative growth trend in 2020, and the main economic indicators are expected to increase by more than 5%.

Divestiture of assets, light equipment and high-end intelligent equipment business are stable and good

With the continuous recovery of the industry boom, domestic machine tool enterprises have also ushered in a golden period of development. In January this year, genesis announced that the stripping and integration of the company's precision structure business has been basically completed. In the future, the company will focus on the high-end intelligent equipment business to achieve sustainable and stable development.

At present, after the divestiture of loss making business, the overall development of Genesis continues to be good, and the development speed of high-end intelligent equipment business is fast. In 2020, the operating revenue of Genesis intelligent equipment business will reach 3.1 billion yuan in 2020, with a year-on-year increase of 41.13%, and the net profit attributable to the parent company will reach 511 million yuan. The cumulative shipment of CNC machine tool products reached 20364 units, exceeding 20000 units for the first time, of which the annual cumulative shipment of general machine tool products reached 5086 units, exceeded 5000 units for the first time, and the shipment of machine tools in 3C field reached 15278 units.

In the first quarter, the company achieved a revenue of 1.141 billion yuan, a year-on-year increase of 125.34%; The net profit attributable to shareholders of listed companies was 134 million yuan, a year-on-year increase of 654.47%. The cumulative shipment of CNC machine tools reached 5531 units, of which the cumulative shipment of general series products reached 2602 units, which has exceeded half of the annual shipment in 2020. The growth trend is rapid, and the product structure has been optimized.

At present, the company has sufficient orders for general machine tools, the visibility of orders has been seen in the third quarter, and the company's new base will release some production capacity at the end of June. At that time, the company's overall monthly production capacity of general machine tools will gradually reach 2500 sets / month, which can alleviate the pressure of insufficient production capacity, fully consolidate the foundation of business development, steadily realize external expansion and improve the company's core competitiveness, So as to ensure the continuous and stable growth of the company's future profitability and promote the stable development of the core main business.