Company Overview - Huaxin Precision Technology Co., Ltd. is located in Jiangyin City, Jiangsu Province, and was established on August 19, 2002. The company specializes in the research, production, and sales of precision stamping products [1] - The main business revenue composition includes precision stamping iron cores (87.94%), other products (9.70%), and precision stamping molds (2.37%) [1] Stock Performance - As of September 16, Huaxin Precision's stock price increased by 2.00%, reaching 53.55 CNY per share, with a trading volume of 254 million CNY and a turnover rate of 14.09%. The total market capitalization is 9.369 billion CNY [1] - Year-to-date, the stock price has decreased by 22.73%, with a decline of 6.54% over the last five trading days [1] Capital Flow - The net inflow of main funds was 8.3185 million CNY, with large orders accounting for 20.72% of total purchases and 18.58% of total sales [1] - On September 12, the company appeared on the "Dragon and Tiger List" with a net buy of -9.7828 million CNY, where total purchases amounted to 31.8229 million CNY (5.07% of total trading volume) and total sales were 41.6057 million CNY (6.63% of total trading volume) [1] Financial Performance - For the first half of 2025, Huaxin Precision achieved an operating income of 752 million CNY, representing a year-on-year growth of 19.40%. The net profit attributable to the parent company was 98.345 million CNY, with a year-on-year increase of 13.52% [2] - As of September 5, the number of shareholders reached 62,300, an increase of 519,441.67% compared to the previous period, with an average of 549 circulating shares per person [2] Industry Classification - Huaxin Precision is classified under the electrical equipment industry, specifically in the motor sector, and is associated with concepts such as near-term new shares, specialized and innovative enterprises, margin trading, and small-cap stocks [2]

Group 1 - The stock of Huaxin Jingke (603370) fell by 4.47% today, with a turnover rate of 34.48% and a trading volume of 627 million yuan, showing a fluctuation of 3.93% [2] - The stock was listed on the Shanghai Stock Exchange due to its turnover rate, with a total net sell of 9.78 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 73.43 million yuan, with a buying amount of 31.82 million yuan and a selling amount of 41.61 million yuan, resulting in a net sell of 9.78 million yuan [2] Group 2 - The largest buying brokerage was Huatai Securities Co., Ltd. with a purchase amount of 14.35 million yuan, while the largest selling brokerage was Haitong Securities Co., Ltd. with a selling amount of 15.41 million yuan [2] - The stock experienced a net outflow of 71.44 million yuan from main funds today, including a net outflow of 22.91 million yuan from large orders and 48.52 million yuan from major funds [2] - Over the past five days, the net outflow of main funds reached 111 million yuan [2] Group 3 - On August 15, the company reported a half-year revenue of 752 million yuan, representing a year-on-year growth of 19.40%, and a net profit of 98.35 million yuan, up by 13.52% year-on-year [2] - On August 29, the company released a forecast for the first three quarters, expecting a net profit between 132 million yuan and 161 million yuan, with a year-on-year change range of 16.03% to 41.81% [3]

Core Viewpoint - The company, Huaxin Jingke (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] Product Overview - The main products of the company consist of precision stamping iron cores, specifically for new energy vehicle drive motors, micro-special motors, electrical equipment, ignition coils, and other types of iron cores [1] - 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]

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]