The high-end equipment manufacturing industry is an important foundation for implementing the strategy of a strong manufacturing country, promoting new industrialization, and developing high-quality productivity. The STAR Market focuses on building advanced manufacturing clusters, bringing together over 100 high-end equipment manufacturing enterprises, covering advanced process equipment such as industrial mother machines, industrial robots, and laser processing, and downstream industries including rail transit, automobiles, power, aviation, and logistics, thus constructing a development pattern of industrial agglomeration and collaborative innovation.

High-end equipment manufacturing enterprises on the STAR Market are accelerating the development of high-quality productivity through technological breakthroughs, intelligent upgrades, and global layouts. The 2024 performance flash report shows that more than 60% of high-end equipment manufacturing enterprises on the STAR Market achieved year-on-year growth in operating income, with remarkable achievements in areas such as CNC machine tools and power equipment.

Industrial Mother Machines: "Hard" Power Drives Industrial Upgrading

Industrial mother machines are an important foundation for the high-end, intelligent, and green development of China's industry. CNC machine tool manufacturing enterprises on the STAR Market, leveraging the power of the capital market, continue to overcome difficulties after listing and continuously occupy technological high ground. In 2024, the overall revenue of industrial mother machine enterprises on the STAR Market continued to grow, with the innovation and transformation efficiency of leading enterprises such as Kede CNC becoming prominent, highlighting their leading and demonstration effects.

Power Equipment: Deeply Empowering Industrial Green Development

Currently, China has formed a complete power equipment industry chain. The power equipment industry has achieved in-depth application of technologies such as digitalization, the Internet of Things, and artificial intelligence, effectively ensuring energy security and promoting the green development of industry. In 2024, power equipment enterprises on the STAR Market continued their steady growth trend, with overall operating income increasing by 21% year-on-year and net profit increasing by 17% year-on-year.

CSG Technology adheres to technological innovation as its guide, actively responds to the national strategic deployment of new industrialization, focuses on high-end services and equipment, green and low-carbon transformation, and intelligent transformation, continuously exploring the practical path of high-quality productivity, and effectively ensuring the safe operation and efficiency improvement of the power energy system. Driven by innovation, the company's energy storage system technology services, "Silk Road" intelligent terminal equipment, and "慧眼" (Huìyǎn) unmanned systems businesses have blossomed in multiple areas, with further steady growth in 2024 performance, with annual operating income increasing by 18.77% year-on-year and net profit increasing by 29.79% year-on-year. In 2024, Yubang Power's attributable net profit increased significantly by 191.80% year-on-year. While continuously consolidating its "ballast" business of smart meters, the company actively uses big data to "profile" new energy power, seizes the development wave of low-altitude economy, expands low-altitude intelligent inspection business, and uses the capital strength of the STAR Market to build a green and intelligent factory, achieving digital and intelligent upgrades of its overall business. In addition, companies such as Kehui Shares, Hangzhou Colin, Xinfengguang, and Jinguan Electric, which are also in the power equipment industry, all achieved year-on-year growth in both operating income and net profit in 2024.

Deepening Reforms: Injecting New Vitality into the High-End Equipment Manufacturing Industry

Since its establishment, the STAR Market has carried out a series of institutional innovations in aspects such as issuance and listing, refinancing, mergers and acquisitions, equity incentives, and information disclosure. Since the release of the "STAR Market Eight Articles," the STAR Market's deepening reforms have entered a new journey, taking multiple measures to enhance its inclusiveness and adaptability to high-quality productivity. The STAR Market focuses on optimizing the merger and acquisition system, supporting listed companies to carry out upstream and downstream mergers and acquisitions, and further stimulating the vitality of mergers and acquisitions. Since the release of the "STAR Market Eight Articles," the sector has newly disclosed more than 80 industrial acquisitions, of which 17 were newly disclosed in the high-end equipment manufacturing industry, including 3 involving the issuance of shares to purchase assets. Recently, Tengjing Technology disclosed a suspension announcement for planning a major asset restructuring, intending to acquire an optical module company through a combination of issuing shares and paying cash, expanding into the downstream optical module field.

At the same time, high-end equipment manufacturing enterprises on the STAR Market actively responded to the "Improving Quality, Increasing Efficiency, and Emphasizing Returns" special action, with nearly 70% of related companies participating, including full coverage of STAR 50 and 100 index constituent companies, and the concept of high-quality development and investor return awareness are continuously strengthened.