Core Viewpoint - The company, Huaxin Precision Technology (603370.SH), emphasizes that precision stamping iron cores are its core products, which include various applications in the new energy vehicle sector and other industries [1] Group 1 - The main products of the company include iron cores for new energy vehicle drive motors, micro-special motors, electrical equipment, ignition coils, and other types of iron cores [1] - The micro-special motor iron cores can be applied in aerospace and nuclear power fields, although the company has not yet entered the nuclear power industry [1]

Group 1 - The core point of the article is that Huaxin Jingke (603370.SH) experienced a significant drop in stock price, closing at 57.30 yuan, marking a decline of 9.08% and reaching a new low since its listing [1] - Huaxin Jingke was listed on the Shanghai Stock Exchange on September 5, with a total issuance of 43.7375 million shares, accounting for 25.00% of the total share capital post-issuance [1] - The issuance price was set at 18.60 yuan per share, and the total funds raised amounted to 813.5175 million yuan, with a net amount of 727.1896 million yuan after deducting issuance costs [1] Group 2 - The net amount raised exceeded the original plan by 15.2063 million yuan, with the funds intended for projects including the expansion of electric vehicle drive motor core production, precision stamping and mold R&D center, and working capital supplementation [1] - The total issuance costs were 86.3279 million yuan (excluding VAT), with underwriting and sponsorship fees amounting to 61.1868 million yuan [1]

Investment Rating - The report assigns a "Buy" rating for the company, predicting that the stock price will outperform the Shanghai Composite Index by 15% or more within the next six months [44]. Core Insights - The company has been a leader in the precision stamping core industry for over 20 years, focusing on advanced technology and supplying well-known global enterprises [2][3]. - The global market for precision stamping cores is projected to grow significantly, with an expected compound annual growth rate (CAGR) of 12.82% from 2024 to 2030, reaching approximately 263.7 billion yuan by 2030 [9][10]. - The company's revenue is primarily driven by precision stamping cores, which accounted for 87.69% of total revenue in 2024, with a gross margin of 22.19% [32]. Summary by Sections 1. Industry Scale - The precision stamping core market is expanding, driven by increasing demand in various applications, including electric motors and electrical equipment [8]. - The market for precision stamping cores is expected to reach 263.7 billion yuan by 2030, with significant growth in the electric vehicle sector [9][10]. 2. Industry Chain and Competitive Landscape - The company has established a comprehensive production capability, from raw material processing to stamping and post-processing, making it one of the few in the industry with such capabilities [37][39]. - The competitive landscape is characterized by a division between low-end and high-end markets, with the company focusing on high-end applications that require advanced technology and quality [30][31]. 3. Financial Data - The company reported revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for 2022, 2023, and 2024, respectively, with year-over-year growth rates of 40.78%, -0.26%, and 19.49% [32]. - In the first half of 2025, the company achieved revenues of 752 million yuan, a 19.40% increase compared to the same period last year [32]. 4. Company Advantages - The company has a strong reputation in the precision stamping industry, with significant advantages in scale, technology development, product quality, and market share [37][38]. - The company has developed proprietary technologies, such as in-mold gluing, which enhance product performance and reduce manufacturing costs [37][39].

Core Viewpoint - Huaxin Jingke (603370.SH) experienced a significant decline of 9.06% in its stock price, closing at 63.02 yuan after its debut on the Shanghai Stock Exchange on September 5, 2023 [1] Summary by Relevant Sections IPO Details - Huaxin Jingke issued 43.7375 million shares, representing 25.00% of the total share capital post-issuance [1] - The issuance price was set at 18.60 yuan per share, with Huatai United Securities Co., Ltd. serving as the lead underwriter [1] Fundraising Information - The total amount raised from the issuance was 813.5175 million yuan, with a net amount of 727.1896 million yuan after deducting issuance costs [1] - The net fundraising amount exceeded the original plan by 15.2063 million yuan [1] Use of Proceeds - The funds are intended for three main projects: expansion of the drive motor core for new energy vehicles, establishment of a precision stamping and mold R&D center, and replenishment of working capital [1]

Group 1 - The company, Huaxin Jingke (603370.SH), primarily produces various types of precision stamped iron cores and related molds [1] - The downstream applications of iron core products are extensive, including sectors such as automotive (including the new energy vehicle industry), home appliances, industrial control, and power tools [1] - Currently, the company does not engage in solid-state battery business, and specific business developments will be announced in future communications [1]

格隆汇9月8日丨华新精科(603370.SH)在互动平台表示，公司主要产品为各类精密冲压铁芯及铁芯生产 相关的模具。其中铁芯产品下游应用广阔，主要包括汽车（包括新能源汽车行业）、家用电器、工业工 控、电动工具等多个细分行业，不直接应用于减速器。 ...

Group 1 - On September 5, Huaxin Precision Technology Co., Ltd. experienced a significant stock price increase of 272.58%, with a trading volume of 1.989 billion yuan [1] - The company recorded a financing purchase amount of 68.2792 million yuan and a net financing purchase of 62.4595 million yuan on the same day, with a total financing and securities balance of 62.4595 million yuan [1] - The current financing balance of Huaxin Precision accounts for 2.63% of its circulating market value [1] Group 2 - As of September 5, the number of shareholders for Huaxin Precision reached 62,300, reflecting an increase of 519,441.67% compared to the previous period [2] - For the first half of 2025, the company achieved an operating income of 752 million yuan, representing a year-on-year growth of 19.40%, and a net profit attributable to shareholders of 98.345 million yuan, up 13.52% year-on-year [2]

Core Points - C Huaxin (603370) experienced a significant increase of 272.58% on its first trading day, with a turnover rate of 81.71% and a transaction volume of 1.989 billion yuan [2] - The stock had a net inflow of 414 million yuan from major funds on its debut, with large orders contributing 283 million yuan and extra-large orders adding 130 million yuan [3] - The stock's first-day financing buy-in amounted to 68.2792 million yuan, representing 3.43% of the total trading volume, while the latest financing balance was 62.4595 million yuan, accounting for 2.63% of the circulating market value [2][3] Company Overview - The company specializes in the research, development, production, and sales of precision-stamped iron cores and related precision-stamped molds [3] - On its first trading day, the stock saw a total transaction amount of 222 million yuan from the top five trading departments on the dragon and tiger list, with a net purchase of 56.2488 million yuan [3] Recent IPO Financing Data - The first-day financing balance for C Huaxin was 62.4595 million yuan, which is 2.63% of its circulating market value [2] - Other recent IPOs also showed significant first-day performance, with notable increases in stock prices and varying financing balances [4][5]

Group 1 - Core viewpoint: Huaxin Precision Technology successfully listed on the Shanghai Stock Exchange, raising 814 million yuan through the issuance of 43.73 million shares at a price of 18.6 yuan per share, with a closing price of 69.30 yuan per share, reflecting a rise of over 272.58% and a market capitalization exceeding 12.1 billion yuan [1] - The company is the third A-share listed company in Wuxi this year, contributing to a total of 125 A-share listed companies in Wuxi, ranking seventh nationwide [1] - Huaxin Precision Technology specializes in precision stamping, with its main products being precision stamping cores, including those for new energy vehicle drive motors, micro motors, electrical equipment, and ignition coils, holding 80 authorized patents [1] Group 2 - The company has established long-term stable partnerships with numerous well-known domestic and international automotive parts manufacturers and electric equipment manufacturers, including Valeo, Delta Electronics, Bosch Group, and BYD [2] - In 2024, the company achieved operating revenue of 1.421 billion yuan and a net profit of 150 million yuan [3] - The company aims to focus on "precision manufacturing" and new energy vehicle core components, increasing investment in technology research and development, and deepening global customer cooperation to become a leading provider of precision stamping and core component solutions [3]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) has successfully listed on the Shanghai Stock Exchange, marking it as the 16th company to go public on the main board this year [1] Company Overview - The company's stock was issued at a price of 18.60 yuan per share, opening at 65.00 yuan, representing a 249.46% increase on the first day, and closing at 69.30 yuan, a total increase of 272.58%, with a market capitalization exceeding 12.1 billion yuan [3][4] - Huaxin Precision specializes in precision stamping technology, focusing on the research, production, and sales of precision stamping products [6] Product and Market Position - The core products include precision stamping iron cores, which are categorized into various types such as electric motor cores for new energy vehicles, micro-motor cores, electrical equipment cores, and ignition coil cores [7] - Major clients include well-known automotive parts manufacturers and OEMs such as BYD, BMW Group, ZF, Bosch Group, and Huichuan Technology [7] Financial Performance - The company reported revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for the years 2022 to 2024, respectively, with net profits of 114 million yuan, 156 million yuan, and 150 million yuan during the same period [7] - The comprehensive gross profit margins were 16.89%, 21.86%, and 20.43% for the years 2022 to 2024 [7] Future Prospects - The company has a strong order backlog, with projected demand for new energy vehicle drive motor cores reaching 10.182 billion yuan by the end of 2024 [7] - Huaxin Precision plans to invest 814 million yuan raised from the IPO into projects for expanding production capacity for new energy vehicle drive motor cores and establishing a precision stamping and mold R&D center [8] Innovation and Intellectual Property - As of June 2025, the company holds 80 authorized invention and utility model patents and has been recognized as a national-level "little giant" enterprise specializing in innovation [8]