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]

Group 1 - The core viewpoint of the article is that Huaxin Jingke (603370.SH) is currently in the market application expansion phase for its liquid-cooled server pump technology, and has not yet secured formal orders [1] - The company is actively monitoring market dynamics to convert its technological advantages into market results [1]

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].

Group 1 - The core point of the article is that Huaxin Precision Technology (SH 603370) announced a board meeting to discuss the use of idle funds for entrusted financial management [1] - For the first half of 2025, Huaxin Precision Technology's revenue composition is as follows: precision stamping iron cores account for 87.94%, other businesses account for 9.7%, and precision stamping molds account for 2.37% [1] - As of the report date, Huaxin Precision Technology has a market capitalization of 8.7 billion yuan [1] Group 2 - Prior to the arrest of the chairman of Peking University Pharmaceutical, police had investigated the group's factory premises [1] - Internal sources indicate that the group's assets were disposed of by the chairman, with a significant amount of funds unaccounted for [1]

| 投资金额 | 不超过人民币 亿元 6.00 | | --- | --- | | 投资种类 | 安全性高、流动性好的中低风险理财产品 | | 资金来源 | 自有资金 | 已履行及拟履行的审议程序 证券代码：603370 证券简称：华新精科 公告编号：2025-012 江阴华新精密科技股份有限公司关于 使用闲置自有资金进行委托理财的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 基本情况 公司拟使用不超过人民币 6.00 亿元（含）闲置自有资金进行委托理财，在 前述额度内，资金可以循环滚动使用。投资期限内任一时点的交易金额（含前述 投资的收益进行再投资的相关金额）不超过前述额度。 江阴华新精密科技股份有限公司（以下简称"公司"）于 2025 年 11 月 11 日召开第四届董事会第八次会议，审议通过了《关于公司使用闲置自有资金进行 委托理财的议案》，该事项在董事会审批权限范围内，无需提交公司股东会审议。 特别风险提示 公司拟使用闲置自有资金购买安全性高、流动性好的中低风险理财产品，但 金融市场受宏观经济的 ...

关于举办 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：603370 证券简称：华新精科 公告编号：2025-013 江阴华新精密科技股份有限公司 会议召开时间：2025 年 11 月 20 日（星期四）14:00-15:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 20 日 前 访 问 网 址 https://eseb.cn/1sTt5sHgzoQ 或使用微信扫描下方小程序码进行会前提问，公司将 通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 一、说明会类型 江阴华新精密科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日在上海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 202 ...