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On July 30, Xinxing Tools cited a market report on ring cutters published by QYResearch.

环形切割器

With Over 50% Domestic Market Share, Leading Steel Plate Drill Manufacturer Goes Public Today | IPO Insider

According to the “Global Annular Cutters Market Research Report 2025” issued by QY Research, the global market size for related products was approximately 920 million yuan in 2024. It is projected to reach 1.243 billion yuan by 2031, with a compound annual growth rate (CAGR) of 4.6% from 2025 to 2031.

Source: East Money, Toutiao

More:  https://finance.eastmoney.com/a/202607303825562236.html
https://www.toutiao.com/article/7668091092700627499/ 

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