天下工厂产业研究院 天下工厂产业研究院

Series

Company Deep Dives

A single company read against its own supply chain: where its technology sits, who its customers are, and where growth comes from.

4studies

Part 1

Part 1

Qinchuan Machine Tool Research Report: Dual-Engine Drive of High-End Five-Axis Machining and State-Owned Enterprise Reform

Qinchuan Machine Tool is a leading enterprise in China's machine tool and tooling industry. This report examines its four-segment business structure, progress in five-axis machine tool import substitution, the strategic rationale behind two rounds of private placement, and its comparative advantages and challenges in high-end manufacturing and new-energy vehicle drivetrains.

Part 2

Part 2

Jingce Electronics Research Report: A Display-Inspection Leader's Push into Semiconductors and New Energy

Jingce Electronics grew from flat-panel display inspection and expanded along three lines — display, semiconductor metrology/inspection, and new-energy battery inspection. This report maps its business footprint, competitive position and growth, and examines the profit volatility behind its heavy R&D spending.

Part 3

The Lightest Metal Waited Eighty Years: Sichuan Laiweimet and the Industrial Inflection Point of High-Strength Wrought Magnesium Alloys

From Pidgeon's process in 1941 to China's rare earth export controls in 2025, magnesium alloy — the lightest engineering metal — has never become a mainstream structural lightweight material. Sichuan Laiweimet uses solidification-strengthening plus continuous production to produce B91C2, a high-strength wrought magnesium alloy with yield strength 340–400 MPa, free of heavy rare earth dependency and SF₆, pushing the global high-strength wrought magnesium alloy landscape to a new tipping point.

Part 4

Jiejia Weichuang (300724): In-Depth Company Research Report

Shenzhen Jiejia Weichuang New Energy Equipment Co., Ltd. (300724) is a high-technology company focused on solar PV cell production equipment. FY2025 revenue was RMB 15.472 billion (-18.08% YoY); 2026 Q1 revenue was RMB 1.495 billion (-63.52% YoY). Subsidiary Chuangwei Microelectronics is expanding into semiconductor wet cleaning and SiC equipment, with perovskite tandem equipment order pipeline at approximately 15 GW.