- CEO
- Jie Wu
- Full Time Employees
- 705
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Rifa Digital Technology Park Shaoxing ZH China 312500
- IPO Date
- Nov 30, 2010
- Business
- Zhejiang RIFA Precision Machinery Co., Ltd. (002520.SZ) manufactures and sells computer numerical control (CNC) machine tools and related equipment in China and internationally. The company produces a comprehensive range of products including vertical machining centers, horizontal machining centers, gantry machining centers, vertical CNC lathes, horizontal CNC lathes, CNC horizontal boring machines, automated production lines; bearing grinding super automatic lines, bearing assembly automatic lines, roller grinding super automatic lines, single-machine CNC grinders, CNC general grinding machines; aviation equipment such as software control systems, digital assembly systems, intelligent processing systems, logistics storage systems; and aviation parts processing encompassing composite material processing, engine casing processing, and aerospace structural parts processing. Its products serve industries including automobile manufacturing, aerospace, engineering machinery, railway, petrochemicals, and power plant equipment, with over 6,000 high-end CNC machine tools deployed domestically and exports to countries such as Turkey, India, the United States, Japan, France, Russia, and Pakistan. Founded in 2000 and headquartered in Xinchang, Zhejiang Province, China, the company listed on the Shenzhen Stock Exchange in December 2010 as the first private enterprise in the CNC metal-cutting industry. Subsidiaries and affiliates include Machining Center Manufacturing S.P.A. (MCM) in Italy, acquired in 2014 to bolster horizontal machining centers and aviation capabilities; COLGAR S.P.A. for heavy boring-milling and shearing-bending equipment; Zhejiang Rifa Aviation Digital Equipment LLC, established in 2014 for aerospace non-traditional machining and digital assembly solutions; Zhejiang Rifa Newland Machine Tool Co., Ltd., a joint venture with Canada's Newland Machine Tool Group; Xinzhou Rifa Heavy Machinery Co., Ltd. for foundry operations; Shanghai Rifa Digital Systems Co., Ltd.; and Hangzhou Rifa Intelligent Systems Engineering Co., Ltd. for Industry 4.0 software integration. In recent years, the company has pursued aviation sector expansion through its 2014 MCM acquisition, enhancing technology, brand, and channel competitiveness for large-scale machining and metal processing tailored to clients like Airbus, Boeing, and Rolls-Royce; agreed to acquire the remaining 24.5176% stake in Zhejiang Rifa Precision Machine Tool Co., Ltd. to consolidate ownership; and reported steady revenue growth amid humanoid robot and industrial automation demand as of Q3 2025.