Core Viewpoint - The company is actively expanding its overseas production capabilities by establishing a factory in Mexico to enhance its competitiveness and reduce supply chain costs [2] Group 1: Overseas Expansion - The company is investing in a factory in Mexico through its subsidiary, Huasheng Chuangyan Precision Technology (Jiangsu) Co., Ltd [2] - The goal of the investment is to shorten the distance to American customers and achieve localized support [2] - The Mexican facility is currently in the trial production phase, and the overseas business is progressing in an orderly manner [2] Group 2: Information Disclosure - The company will fulfill its information disclosure obligations in a timely manner if there are relevant developments that meet legal disclosure standards [2]

证券日报网讯华新精科11月18日在互动平台回答投资者提问时表示，公司的扩产决策建立在对新能源汽 车行业长周期需求的系统研判之上，旨在抓住行业发展机遇。汽车产业链客户在项目定点前一般会调查 供应商的现有产能情况及未来产能规划，为满足现有客户的增量需求及意向客户的新增需求，公司使用 自有资金先行投入"新能源车用驱动电机铁芯扩建项目"募投项目，提前进行产能储备，因此新能源汽车 驱动电机铁芯产能逐步增长。 （文章来源：证券日报） ...

Core Viewpoint - The company, Huaxin Jingke, emphasizes its commitment to focusing on its core business development and enhancing its core competitiveness to provide long-term returns to investors [2] Company Focus - The company will continue to concentrate on its main business operations [2] - There is a clear intention to improve core competitiveness [2] - The company aims to deliver long-term performance to build investor trust [2]

Core Viewpoint - The company, Huaxin Jingke, has demonstrated stable operational performance from 2022 to the first three quarters of 2025, aligning with market growth trends, driven by the increasing penetration of new energy passenger vehicles [1] Financial Performance - The company's operating revenues for the years 2022 to the first three quarters of 2025 are as follows: 1,191.92 million, 1,188.80 million, 1,420.53 million, and 1,164.50 million [1] - The net profits for the same periods are reported as: 113.73 million, 155.82 million, 149.65 million, and 133.07 million [1] Research and Development - The company emphasizes independent research and innovation, focusing on high-speed progressive molds, metal forming technology, and electromagnetic performance of core products [1] - The self-developed in-mold gluing technology has achieved customer product designation and has entered mass production [1] Production Capabilities - The company is one of the few in the domestic market capable of executing the entire process from raw material cutting to product stamping and subsequent processes [1] - This capability allows the company to leverage the synergistic effects of various processing equipment, effectively reducing unit costs and providing high-precision, high-value-added products tailored to customer needs [1]

Core Viewpoint - The company, Huaxin Jingke, has demonstrated stable operational performance from 2022 to the first three quarters of 2025, aligning with market growth trends, driven by the increasing penetration of electric vehicles [1] Financial Performance - The company's operating revenues for the years 2022 to the first three quarters of 2025 are as follows: 1,191.92 million, 1,188.80 million, 1,420.53 million, and 1,164.50 million [1] - The net profits for the same periods are reported as: 113.73 million, 155.82 million, 149.65 million, and 133.07 million [1] Business Strategy - The company emphasizes independent research and innovation, focusing on high-speed progressive molds, metal forming technology, and electromagnetic performance of core products [1] - The self-developed in-mold gluing technology has achieved customer product designation and has entered mass production [1] - The company is one of the few in the domestic market capable of managing the entire process from raw material cutting to product stamping and subsequent processes, allowing for effective cost reduction and high-value product offerings [1]

格隆汇11月17日丨华新精科(603370.SH)在互动平台表示，公司产品技术可匹配液冷服务器泵类需求， 目前正处于市场应用拓展阶段，尚未形成正式订单。公司会积极跟进市场动态，力争将技术优势转化为 市场成果。 ...

Core Viewpoint - The company is currently in the market application expansion phase for its liquid-cooled server pump technology, which has not yet resulted in formal orders [1] Group 1 - The company's product technology is compatible with the demand for liquid-cooled server pumps [1] - The company is actively monitoring market dynamics to convert its technological advantages into market results [1]

Core Viewpoint - Huanxin Precision Technology Co., Ltd. has shown positive financial performance with significant revenue and profit growth in the first nine months of 2025, alongside notable trading activity in the stock market [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Huanxin Precision achieved operating revenue of 1.165 billion yuan, representing a year-on-year growth of 18.04% [2]. - The net profit attributable to the parent company for the same period was 136 million yuan, reflecting a year-on-year increase of 22.00% [2]. Group 2: Stock Market Activity - On November 11, Huanxin Precision's stock price increased by 0.73%, with a trading volume of 66.0951 million yuan [1]. - The company recorded a financing buy-in amount of 6.5895 million yuan and a financing repayment of 6.4767 million yuan on the same day, resulting in a net financing buy-in of 112,800 yuan [1]. - As of November 11, the total margin trading balance for Huanxin Precision was 99.1527 million yuan, accounting for 5.82% of its circulating market value [1]. Group 3: Shareholder Information - As of September 30, the number of shareholders for Huanxin Precision was 33,900, a decrease of 45.70% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 84.17% to 1,012 shares [2]. Group 4: Company Overview - Huanxin Precision, established on August 19, 2002, is located in Jiangyin City, Jiangsu Province, and specializes in the research, production, and sales of precision stamping products [1]. - The main revenue sources for the company include precision stamping iron cores (87.94%), other products (9.70%), and precision stamping molds (2.37%) [1].

Core Insights - The report highlights the IPO activities in Jiangsu province for October 2025, indicating a stable trend with 9 new A-share companies listed, similar to previous months [1][10]. Group 1: IPO Overview - In October 2025, Jiangsu saw the listing of 1 new company, Changjiang Energy Materials, on the Beijing Stock Exchange, with a fundraising amount of 1.84 billion [2][10]. - For the first ten months of 2025, Jiangsu ranked first among provinces with 21 new A-share companies, surpassing Guangdong by 4 companies [10][17]. - The total fundraising amount for Jiangsu's IPOs in the first ten months reached 129.27 billion, placing it third nationally [17][29]. Group 2: City-wise IPO Distribution - Suzhou led the province with 7 new A-share companies in the first ten months, followed by Wuxi and Changzhou with 3 each [10][17]. - The distribution of new A-share companies by city in October 2025 shows that Jiangsu's cities are actively participating in the IPO market, with various cities contributing to the overall count [5][10]. Group 3: Fundraising Analysis - The total fundraising for Jiangsu's IPOs in October was relatively low at 1.84 billion, indicating a need for more robust fundraising activities [17]. - Suzhou's total fundraising amount for the first ten months was 57.48 billion, maintaining its position as the top city in Jiangsu for IPO fundraising [17][13]. Group 4: Sector and Board Distribution - The newly listed companies in Jiangsu for the first ten months were distributed across four boards, with the Growth Enterprise Market (GEM) having the highest number at 7 companies [17][11]. - The breakdown of the newly listed companies by board shows a diverse participation across different sectors, reflecting the province's economic landscape [11][17]. Group 5: IPO Pipeline and Support - As of the end of October, there were 301 companies in the IPO application queue nationwide, with Jiangsu having 51, ranking third in the country [29]. - Jiangsu also leads in the number of companies undergoing IPO guidance, with 243 firms, indicating a strong support system for potential IPO candidates [29][26].

Core Viewpoint - The company plans to utilize idle self-owned funds for entrusted wealth management to enhance the efficiency of fund usage while ensuring operational needs and fund safety [4][14]. Summary by Sections Investment Overview - **Investment Purpose**: The company aims to improve the efficiency of idle self-owned funds by investing in low to medium-risk financial products that are safe and liquid, thereby preserving and increasing cash assets for the benefit of the company and its shareholders [4]. - **Investment Amount**: The company intends to use no more than RMB 600 million (including) of idle self-owned funds for entrusted wealth management, with the ability to recycle the funds within this limit [5]. - **Source of Funds**: The funds will come from the company's idle self-owned resources [6]. - **Investment Method**: The company will select reputable financial institutions, such as commercial banks and securities firms, to manage the investments, focusing on low to medium-risk products [7]. - **Investment Duration**: The investment period is from the date of board approval until December 31, 2025, with the possibility of recycling the funds during this time [9]. - **Implementation Method**: The board has authorized the chairman to make investment decisions and sign relevant contracts within the approved limits and duration [10]. Review Procedures - The board meeting held on November 11, 2025, approved the proposal for using idle self-owned funds for entrusted wealth management, which does not require shareholder approval as it falls within the board's authority [10][23]. Investment Risk Analysis and Control Measures - **Investment Risks**: The company acknowledges that while the overall risk is controllable, macroeconomic factors may introduce systemic risks affecting the investment [11]. - **Risk Control Measures**: The company will adhere to prudent investment principles, maintain a tracking ledger for investment progress, and take timely actions to mitigate risks if necessary [12][13]. Impact on the Company - The use of idle self-owned funds for entrusted wealth management is expected to enhance fund utilization efficiency and generate investment returns without affecting the company's main business operations [14].