Hiecise Precision Equipment Co.,Ltd.: history, ownership, mission, how it works & makes money

Founded in 2007, Hiecise Precision Equipment Co., Ltd. (listed as 300809.SZ in 2017) has grown from roll-grinder specialist to a publicly traded precision-equipment player that launched fully automatic CNC roll grinders in 2014 and now reports diversified revenues-total revenue of 445.99 million yuan in 2024 (down 6.92% YoY) with net income of 61.98 million yuan (down 47.36% YoY)-while its stock traded at 34.93 yuan on December 12, 2025, implying a market cap near 8.86 billion yuan; with 59.08% of its 253.54 million shares outstanding held by insiders as of July 2, 2025, a float of 91.14 million shares and 6.57% institutional ownership, Hiecise operates from Kunshan with about 466 employees, ISO 9001:2015 certification, over $20 million invested in tech in five years, and 2024 segment revenues including 379 million yuan from fully automatic CNC roll grinders plus 34 million and 31 million yuan from spare parts and maintenance respectively-while pursuing growth via a March 2025 contract to supply 100 precision thread and high-speed external grinders and a December 2024 JV to develop ultra-precision optical and guide-rail grinders.

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): Intro

• Founded in 2007 to research, develop, manufacture and sell roll grinders for metallurgical, steel, paper and other heavy industries.
• 2014 - expanded into fully automatic CNC roll grinders, upgrading automation and precision capabilities.
• 2017 - listed on the Shenzhen Stock Exchange (300809.SZ), gaining access to public capital markets for expansion and R&D.
• 2020 - reported revenue of ¥230.64 million, a 45.73% decline from 2019 (2019 revenue ≈ ¥425.08 million), reflecting industry-wide demand weakness.
• 2024 - revenue of ¥445.99 million (down 6.92% YoY from ≈¥479.19 million in 2023); net income ¥61.98 million (down 47.36% YoY from ≈¥117.77 million in 2023).

• Publicly traded company on SZSE since 2017 under ticker 300809.SZ.
• Market price (as of 2025-12-12): ¥34.93 per share; market capitalization ≈ ¥8.86 billion, implying approx. 253.7 million basic shares outstanding (¥8.86B / ¥34.93 ≈ 253.7M).
• Capital and shareholder composition: listed-equity structure with institutional and retail investors (specific major holders vary by regulatory filings).

• Mission: develop high-precision, automated roll grinding solutions to improve customers' production quality and efficiency.
• Technological focus: precision machining, CNC controls, automation, and post-sale service network.
• Further corporate principles, goals and forward-looking statements can be found here: Mission Statement, Vision, & Core Values (2026) of Hiecise Precision Equipment Co.,Ltd.

• Core products: manual and CNC roll grinders, fully automatic roll grinding systems, ancillary precision equipment and services (installation, calibration, remanufacture).
• Customers: steel mills, rolling mills, paper mills and other heavy-industry manufacturers requiring ground rolls and roll maintenance.
• Revenue drivers: equipment sales (large-ticket, project-based), after-sales service, spare parts and upgrade/retrofit work.
• Competitive edge: proprietary CNC control integration, engineering-to-installation capability, and an established service footprint in target industries.

• Equipment sales: primary source - one-time, high-value contracts for roll grinder systems and full-line automation projects.
• After-sales and services: recurring revenue from maintenance contracts, spare parts, remanufacturing and on-site technical support.
• Upgrades and retrofits: mid-ticket projects that extend machine life and capture service margins.
• Export and domestic mix: revenues derive from a mix of domestic Chinese industrial clients and selected export deals (project timing and macro steel demand drive volatility).

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): History

• Shares outstanding (as of July 2, 2025): 253.54 million - a 4.92% increase year-over-year, implying issuance of ~11.89 million new shares compared with the prior year.
• Insider ownership: 59.08% of shares, indicating concentrated internal control and alignment between management/major shareholders and the business.
• Institutional ownership: 6.57% of shares, reflecting moderate participation by funds and institutional investors.
• Public float: 91.14 million shares, representing the portion available for trading and liquidity in the market.

• The high insider stake (59.08%) signals strong internal confidence and the ability to drive long-term strategy without heavy external pressure.
• A 6.57% institutional stake suggests selective institutional conviction-enough to provide oversight but not to dominate governance.
• The increase in shares outstanding likely reflects capital raising (equity financing) or expanded stock-based compensation programs to retain talent and fund growth.
• A public float of 91.14 million shares provides tradable liquidity while preserving majority control for insiders.

• Mission: Deliver high-precision, reliable equipment and system solutions that increase productivity for manufacturing and automation customers.
• Strategic priorities: product R&D, manufacturing scale-up, quality control, targeted partnerships, and after-sales service expansion.

• Design & R&D: Develop precision mechanical and electromechanical components and systems tailored to industrial clients.
• Manufacturing: In-house production and contract manufacturing for components and assemblies with tight tolerances.
• Sales & Channels: Direct sales to OEMs and industrial clients, distributor networks, and project-based contracts.
• Services & After-sales: Maintenance, calibration, spare parts, and upgrades that create recurring revenue streams.
• Capital deployment: Use of equity and operational cash to fund factory capacity, automation, and product development-reflected by the recent share increase.

• Product sales: Core revenue from selling precision equipment, modules, and systems to industrial customers and OEMs.
• Project contracts: Turnkey solutions and engineered system integration for large-scale industrial deployments.
• After-sales services & consumables: Recurring income from maintenance contracts, spare parts, and calibration services.
• Value-added services: Consulting, customization, and long-term service agreements that command higher margins.

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): Ownership Structure

• Mission and Values

• How It Works - Core Business Model

• Ownership Breakdown (major shareholders)

• How Hiecise Makes Money - Revenue Mix

• Key Operational & Financial Highlights

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): Mission and Values

• Headquarters: Kunshan, Jiangsu Province, China - serving both domestic and international clients.
• Workforce: ~466 employees, with a substantial share holding advanced degrees in engineering and manufacturing disciplines.
• Technology investment: Over $20 million invested in CNC machining centers, automation, and process control systems over the past five years.
• Quality & certification: ISO 9001:2015 certified; quality management systems aligned to international production and inspection standards.

• Research & Development: In-house R&D teams develop product architectures, tolerance control strategies, and automation integration for bespoke customer requirements.
• Design & Prototyping: Rapid prototyping using advanced CAD/CAM and precision validation processes before full-scale production.
• Manufacturing: High-precision CNC machining, grinding, EDM and automated assembly lines ensuring repeatability and tight tolerances.
• Supply Chain: Strategically sourced high-grade alloys, tool steels, ceramics and electronic components to maintain product durability and performance.
• Delivery & Installation: End-to-end logistics and field installation teams for complex equipment rollouts and factory integration projects.
• After-sales Service: Scheduled maintenance, parts supply, field service engineers and remote diagnostics to maximize uptime.

• Product sales: Primary revenue from sale of precision equipment, custom machine tools, and tooling systems.
• Contract manufacturing & OEM: Long-term OEM contracts and precision parts manufacturing for industrial clients.
• Service & maintenance: Recurring revenue from installation, preventive maintenance contracts, spare parts and retrofits.
• Upgrades & automation integration: Revenue from control-system upgrades, automation packages, and software licensing for production optimization.

• Mission: Deliver precision, reliability and innovation in equipment that enables customers' high-value manufacturing processes.
• Values: Quality-driven manufacturing, continuous technological investment, customer-centric service, and compliance with international standards.
• Strategic priorities: Deepen automation capabilities, expand high-margin service contracts, strengthen global sales channels, and increase value-added R&D offerings.

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): How It Works

• Hiecise Precision Equipment Co.,Ltd. is a publicly listed Chinese precision machinery manufacturer traded on the Shenzhen Stock Exchange under ticker 300809.SZ.
• The company has developed a market position focused on industrial metalworking equipment, particularly roll grinding solutions for heavy industries such as steel, non-ferrous metals, papermaking and textiles.
• Ownership structure is that of a typical A-share listed company with a mix of institutional shareholders, retail investors and executive/insider holdings (registered under 300809.SZ).

• Mission: to supply high-precision, automated roll grinding and related services that increase operational efficiency and uptime for heavy industry clients - see Mission Statement, Vision, & Core Values (2026) of Hiecise Precision Equipment Co.,Ltd.
• Strategic focus areas: automation, precision control, after-sales service, and adaptation to industry-specific roll profiles and process requirements.

• Core product: fully automatic CNC roll grinders - integrated systems combining CNC motion control, high-precision spindles, real-time measurement probes, and process software to grind and profile industrial rolls to tight tolerances.
• Complementary offerings: spare parts (precision bearings, spindles, control modules, cutting wheels), retrofit and modification services (hardware upgrades, control system modernization), and maintenance contracts (preventive maintenance, on-site repairs).
• Typical buyer industries: steel mills (work rolls, backup rolls), non-ferrous metal producers, paper mills (press and dryer rolls), textile and equipment manufacturers requiring consistent surface profile and roundness.

• Equipment sales: primary revenue driver is sale of fully automatic CNC roll grinders to industrial customers.
• Spare parts: recurring revenue from consumables and precision components needed for maintenance and continued operation.
• Services: maintenance, on-site repair, retrofits and customization projects that extend machine life and improve performance.
• Project-based income: turnkey installations and large-capital equipment projects for new or expanded production lines.

• Sales model: direct sales for large industrial customers, channel partners for regional reach, and project engineering teams for turnkey implementations.
• After-sales ecosystem: parts inventory, technical support hotlines, field service engineers and scheduled maintenance programs to generate recurring revenue and maintain customer relationships.
• Product differentiation: precision tolerances, automation level, software-enabled profiling and measurement systems that reduce grind time and improve repeatability.
• Risk mitigation: diversified revenue mix across equipment, parts and services reduces exposure to cyclical equipment orders; 2024 declines in all segments highlight sensitivity to industry cycles but also the buffering effect of service/parts revenue streams.

Hiecise Precision Equipment Co.,Ltd. (300809.SZ): How It Makes Money

• Core revenue drivers: sales of CNC roll grinders, high-speed external grinders, internal/external thread grinders, and precision semiconductor/optical grinding equipment.
• Recurring income: installation, commissioning, spare parts, maintenance contracts, and retrofits for installed base clients.
• Project and engineering services: turnkey solutions, integration, and custom machine development for heavy industry and high-tech customers.

• March 2025 contract with Fuliwang: supply of 100 precision internal/external thread grinders and high-speed external grinding machines to be delivered within one year - a sizable order expected to generate tens of millions RMB in revenue and meaningful production load for FY2025.
• December 2024 joint venture agreement with Changguang Instrument to develop ultra-precision optical component grinders and ultra-precision guide rail grinders - expected to accelerate entry into higher-margin semiconductor and optics niches.
• Ongoing R&D and product upgrades aim to increase ASPs (average selling prices), capture higher value service contracts, and lift gross margins over time.

• Market leadership: Hiecise holds a leading position in China's CNC roll grinder market, recognized for precision, build quality, and an established installed base.
• Product diversification: expansion into internal/external thread grinders and semiconductor precision grinding equipment provides multiple new revenue channels and reduces dependence on single-industry cyclicality.
• Growth catalysts: the Fuliwang 2025 order and the Changguang JV are direct near-term catalysts; successful commercialization could boost revenue growth and margin expansion in 2025-2027.
• Challenges: short-term performance pressures from cyclical end markets and manufacturing capacity constraints may compress near-term margins; execution risk remains on scaling new product lines and JV commercialization.