Kunbo Precision Engineering (920570) uses 25 million yuan of raised funds to purchase financial products to improve the efficiency of fund utilization

On April 1, Zhejiang Kunbo Precision Engineering Technology Co., Ltd. released an announcement stating that the amount of its cash purchases of financial products using idle raised funds in this instance is RMB 25 million. After this cash management, the balance of idle raised funds used for cash management that has not yet reached maturity is RMB 45 million.

In the announcement, Kunbo Precision said that in order to improve the efficiency of fund utilization, the company plans to use idle raised funds of no more than RMB 60 million to purchase financial products.

Securities Wall Finance learned that the company is a high-tech enterprise focusing on the R&D, production, and sales of precision formed components for high-end equipment, and vacuum furnace bodies for crystal growth. It provides precision formed components for wind power generators, industrial automation equipment, offshore engineering equipment, and semiconductor processing equipment, among others, and supplies complete sets of furnace bodies for crystal growth vacuum furnaces.

After years of development and accumulation, the company’s product R&D capability, level of process equipment, scale of production and operations, and product market share are all at relatively high levels in the industry. The company has multiple core technologies in precision material forming manufacturing, such as the forming of low-temperature-resistant, high-strength, high-toughness ductile iron material. In terms of single-crystal furnace body manufacturing, it has core technologies such as hollow runner-channel welding and precision forming. The company’s crystal growth vacuum furnace body products have strong high-temperature load stability and airtightness, effectively ensuring that downstream photovoltaic crystal growth furnace complete-equipment manufacturers and crystal-pulling users meet the high requirements for product safety and stability.

The company is a national-level “specialized, refined, distinctive, and new” “Little Giant,” a Zhejiang Province “specialized, refined, distinctive, and new” SME for 2021, an AA-level Zhejiang Province enterprise for “keeping contracts and valuing credibility,” a provincial R&D center for precision machinery component forming technology, a Zhejiang University postdoctoral workstation, a production–education–research cooperation base of Zhejiang University of Technology and Zhejiang Vocational College of Mechanical and Electrical Engineering, and a Zhejiang Province intellectual property demonstration enterprise. The company’s recognized “high-strength, high-toughness large wind turbine main shaft bearing seat component under ultra-low-temperature operating conditions” was recognized as Zhejiang Province’s first batch of “first set (piece) equipment.” The company has 20 provincial new product certificates, and it has taken the lead in drafting and formulating 3 industry standards, namely the “Wind Power Generator Set Main Shaft Bearing Seat Housing” industry standard (T/ZJL 0003-2022) released by the Zhejiang Provincial Mechanical Industry Federation; one of the “‘Pinzi’ Mark” group standards released by the Zhejiang Brand Building Joint Association, the “High-Performance Ductile Iron Mobile Lock Template for Electric Injection Molding Machines” industry standard; and the national standard “Gray Cast Iron Metallographic Inspection” jointly released by the State Administration for Market Regulation and the National Standardization Administration (GB/T7216-2023).

The company continues to advance the strategy of “innovative development of precision components for high-end equipment,” and adheres to the development philosophy of “brand credibility, pragmatic innovation, and harmonious development.” In the context of cyclical adjustments in the photovoltaic industry, it continuously carries out technological innovation, accelerates the R&D and manufacturing of precision components across several major segments such as semiconductor processing equipment, CNC work mother machines, and intelligent logistics, seizing the market lead and laying a solid foundation for incremental development in the second half of the year and in the coming years.

As for performance, for the first three quarters of 2025, the company achieved operating revenue of RMB 90.47 million, down 6.24% year over year. Net profit attributable to shareholders of the listed company was RMB 4.53 million, down 73.89% year over year.