- Business
- OKE Precision Cutting Tools Co., Ltd. (688308.SS) manufactures and sells cemented carbide products and computer numerical control (CNC) precision cutting tools. The company produces CNC inserts for turning, milling, and drilling applications; solid carbide end mills; carbide serrated blades including wood and metal cutting alloys, mowing blades, and band saw tips; carbide discs and rods for cutting steel, non-ferrous metals, hard plastics, and other materials; as well as additional items such as carbide mold materials, circular saw blade scrapers, finger joint knives, TC bearings, impact drill blades, and long thin plates. Founded in 1996 and headquartered in Zhuzhou, Hunan province, China, OKE operates primarily in domestic and overseas markets, serving industries including general machinery, automotive, rail transportation, aerospace, energy, petrochemicals, new energy, mold manufacturing, and 3C electronics. In recent developments, the company completed two initial public offering projects ahead of schedule, namely the annual 40 million high-end CNC blade intelligent manufacturing base and the CNC precision tool R&D platform upgrade, freeing up excess funds; it plans to establish a wholly-owned subsidiary in Germany with 25,000 euros in cash investment to focus on metal tools; and its ODP high-performance universal drill bit won the "Golden Edge Award" for cutting tool innovation in April 2025. Yanling OKE Precision Cutting Tools Co., Ltd. functions as a wholly-owned subsidiary dedicated to tungsten carbide tool research, development, processing, and sales. With registered capital of 100 million RMB and more than 1,300 employees, OKE holds 84 national patents and maintains leadership in domestic high-precision CNC inserts and small precision cutting blades.