Analysis Report on the Issuance Plan for Specific Objects
I. Background and Purpose of the Current Issuance to Specific Objects
(I) Background of the Current Issuance
- National Policy Supports Industry Development
In recent years, the state has attached great importance to the high-quality development of the high-end equipment manufacturing industry, continuously introducing major policies to empower industrial transformation and upgrading. In July 2025, the Standardization Administration of China and the Ministry of Industry and Information Technology jointly issued the "High-Quality Standard System Construction Plan for Industrial Mother Machines," focusing on key areas such as high-end composite CNC machine tools and integrated die-casting, requiring accelerated chain strengthening and补链 (complementing the chain), and promoting the industrialization of scientific research achievements to fill the standardization gaps in key industrial chain links. In September 2025, seven ministries and commissions jointly issued the "Implementation Plan for Deepening the Innovation and Development of Service-Oriented Manufacturing (2025-2028)," aiming to optimize the industrial ecosystem, promote deep integration of advanced manufacturing and modern services, and expand new quality productive forces. This top-level systematic arrangement from policy formulation to specific implementation not only points out the technical path and development direction for the cutting, grinding, and polishing equipment industry but also strengthens policy synergy through clear institutional guarantees, effectively supporting technological innovation and industrial upgrading in the industry. The issuance of national industrial policies is conducive to the long-term stable development of the cutting, grinding, and polishing equipment industry and the upstream and downstream industries related to the company's products, laying a good policy foundation for the successful implementation of this project.
- Project Has Good Market Prospects
As a high-tech enterprise specializing in the R&D and manufacturing of precision processing equipment for hard and brittle materials and supporting consumables, the company has built an integrated business matrix of "equipment + consumables + services," centered on high-precision CNC cutting, grinding, and polishing equipment, and complemented by key consumables such as diamond wire and thermal field systems, extending to silicon wafer processing services. Currently, the main downstream application field for the company's cutting, grinding, and polishing equipment is the photovoltaic industry, accounting for about 90%. The application in the semiconductor and consumer electronics industries is relatively small, accounting for no more than 5% during the reporting period. The market prospects and future trends of the products involved are as follows:
(1) Photovoltaic Market
Cutting, grinding, and polishing equipment is a core process equipment in photovoltaic manufacturing. Relying on high-precision cutting, grinding, and polishing technology, it can achieve fine processing of key materials such as silicon wafers, glass, and sapphire, significantly improving the power generation efficiency, mechanical strength, and surface quality of photovoltaic modules. As a crucial link connecting upstream material preparation and downstream cell production, this type of equipment has been widely used in mainstream process scenarios such as single/polycrystalline silicon wafer cutting, heterojunction cell manufacturing, and perovskite module packaging, serving as essential equipment to support the efficient and high-quality development of the photovoltaic industry chain.
In the coming years, driven by strong overseas export demand and stabilizing prices of silicon materials and wafers, the photovoltaic cutting, grinding, and polishing equipment market is expected to recover and expand. As a significant application sector, the photovoltaic cutting, grinding, and polishing equipment market is experiencing strong growth due to the improving industry prosperity, expanding overseas markets, and the promotion of domestic equipment localization. This trend is expected not only to provide stable cash flow and profit support for domestic equipment manufacturing enterprises but also to help Chinese photovoltaic manufacturing further consolidate its advantages in global competition.