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]

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 [2]. Company Overview - The company's stock was issued at a price of 18.60 CNY per share, opening at 65.00 CNY on the first trading day, representing a 249.46% increase. By the end of the trading day, the stock price rose by 272.58% to 69.30 CNY, giving the company a total market capitalization exceeding 12.1 billion CNY [4][5]. - Huaxin Precision specializes in precision stamping technology, focusing on the research, production, and sales of precision stamped products. The company has developed core processes such as glue dispensing and laser welding, achieving mass processing capabilities for ultra-thin silicon steel [7][8]. Product and Market Position - The core products of Huaxin Precision include precision stamped 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. Major clients include well-known automotive parts manufacturers and OEMs like BYD, BMW Group, ZF, Bosch Group, and Huichuan Technology [8]. - The company has a strong order backlog, with projected demand for new energy vehicle motor cores reaching 10.182 billion CNY by the end of 2024. Sales are expected to grow rapidly from 2025 to 2027, with new projects anticipated to drive additional delivery needs [8]. Financial Performance - According to the prospectus, Huaxin Precision achieved revenues of 1.192 billion CNY, 1.189 billion CNY, and 1.421 billion CNY for the years 2022, 2023, and 2024, respectively. The net profits for the same years were 114 million CNY, 156 million CNY, and 150 million CNY, with comprehensive gross margins of 16.89%, 21.86%, and 20.43% [8]. Future Plans - The company plans to use the 814 million CNY raised from the IPO to invest in projects such as the expansion of new energy vehicle motor core production and the establishment of a precision stamping and mold research center. The new energy vehicle motor core expansion project is expected to add an annual production capacity of 1 million high-end motor rotor cores [9]. Leadership Vision - The chairman of Huaxin Precision, Guo Zhengping, emphasized the company's commitment to innovation and independent research and development, aiming to enhance core competitiveness and market influence while maximizing shareholder, employee, customer, and social value [11].

Core Viewpoint - The rapid development of the new energy vehicle industry has led to increased demand for precision stamping iron cores, presenting a significant opportunity for the domestic precision stamping industry. Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) has recently registered its IPO, marking a pivotal moment for the company as it prepares to enter the capital market [1][14]. Company Performance - Huaxin Precision has focused on the research, production, and sales of precision stamping products since its establishment. The company has become a mainstream supplier of iron cores for new energy vehicle drive motors, micro motors, electrical equipment, and ignition coils, gaining recognition from major domestic and international automotive parts manufacturers [3][5]. - The company's revenue from 2022 to 2024 is projected to be 1,191.92 million yuan, 1,188.80 million yuan, and 1,420.53 million yuan, with a compound annual growth rate (CAGR) of 9.17%. Net profits are expected to be 113.73 million yuan, 155.82 million yuan, and 149.65 million yuan, with a CAGR of 14.71% during the same period [5]. - The revenue from the new energy vehicle drive motor core business is expected to grow from 597.45 million yuan in 2022 to 828.00 million yuan in 2024, with a CAGR of 17.72%, increasing its share of total revenue from 56.23% to 64.70% [5]. Market Position - Huaxin Precision has established a strong competitive advantage in the precision stamping iron core sector, ranking among the top five domestic enterprises in sales from 2021 to 2023. In the automotive iron core segment, it ranks among the top three domestic companies [6]. - The company has achieved sales exceeding 1.4 billion yuan in iron cores for new energy vehicle drive motors from 2021 to 2023, ranking second among domestic enterprises [6]. Research and Development - The company has invested significantly in research and development, with R&D expenses of 40.51 million yuan, 44.39 million yuan, and 44.85 million yuan during the reporting period [9]. - As of February 28, 2025, Huaxin Precision has obtained 76 patents related to its main business, including 17 invention patents and 59 utility model patents, enhancing its technological capabilities [11]. Future Prospects - The precision stamping industry is expected to grow significantly, driven by the increasing demand for electric vehicles and related components. Global sales of new energy passenger vehicles are projected to rise from 2.01 million units in 2018 to 18.24 million units in 2024, with a CAGR of 44.43% [12]. - The company plans to use the proceeds from its IPO, totaling 712 million yuan, to expand its production capacity for new energy vehicle drive motor cores and enhance its R&D capabilities [14].

Core Insights - Huaxin Jingke experienced a significant increase in stock price, rising by 272.58% [1] - The trading volume reached 1.989 billion yuan, indicating high investor interest [1] - The turnover rate was notably high at 81.71%, suggesting active trading [1] - Despite the price surge, five institutional special seats net sold 82.7958 million yuan [1]

Market Overview - The electric motor sector experienced a significant increase of 5.12% on the trading day, with N Huaxin leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - N Huaxin (603370) saw a remarkable rise of 272.58%, closing at 69.30, with a trading volume of 280,100 shares and a transaction value of 19.89 billion [1] - Other notable performers included: - China Electric Motor (603988) up 10.02% to 25.15 with a transaction value of 368 million [1] - Wolong Electric Drive (600580) up 10.00% to 38.50 with a transaction value of 1.04 billion [1] - Ocean Electric Motor (002249) up 5.85% to 8.14 with a transaction value of 867 million [1] Capital Flow - The electric motor sector saw a net inflow of 2 billion from institutional investors, while retail investors experienced a net outflow of 1.9 billion [1] - Detailed capital flow for selected stocks includes: - Wolong Electric Drive (600580) had a net inflow of 1.22 billion from institutional investors [2] - N Huaxin (603370) attracted 571 million from institutional investors but saw a significant outflow of 1.09 billion from retail investors [2] - China Electric Motor (603988) had a net inflow of 108 million from institutional investors [2]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) was listed on the Shanghai Stock Exchange, with a closing price of 69.30 yuan, reflecting a significant increase of 272.58% from the opening price of 65.00 yuan, and a total market capitalization of 12.124 billion yuan [1]. Company Overview - Huaxin Precision specializes in the research, development, production, and sales of precision stamping products, primarily focusing on various types of precision stamping iron cores and related precision stamping molds [1]. - The controlling shareholder before the public offering was Jiangyin Susong Investment Co., Ltd., holding 55.78% of the shares directly and an additional 4.59% indirectly through subsidiaries, totaling 60.37% [1][2]. Financial Performance - In the years 2022 to 2024, Huaxin Precision reported revenues of 1.191 billion yuan, 1.189 billion yuan, and 1.420 billion yuan, respectively, with net profits of 113.73 million yuan, 155.82 million yuan, and 149.65 million yuan [7]. - The company’s total assets increased from 1.329 billion yuan in 2022 to 1.837 billion yuan in 2024, while the equity attributable to shareholders rose from 724.52 million yuan to 1.040 billion yuan during the same period [8]. IPO Details - The company issued 43.7375 million new shares, accounting for 25% of the total share capital post-issue, at an issue price of 18.60 yuan per share, raising a total of 813.5175 million yuan [4][6]. - The net proceeds from the offering amounted to 727.1896 million yuan after deducting issuance costs of 86.3279 million yuan [6][4]. Future Projections - For the first half of 2025, Huaxin Precision achieved a revenue of 751.6131 million yuan, representing a year-on-year growth of 19.40%, with a net profit of 98.345 million yuan, up 13.52% [10]. - The company anticipates revenue for the first nine months of 2025 to be between 122.0487 million yuan and 124.01591 million yuan, with expected net profits ranging from 131.7472 million yuan to 161.0243 million yuan, indicating a year-on-year growth of 16.03% to 41.81% [10].

Report Overview - On September 4, 2025, there were 26 investment and financing events disclosed in domestic and foreign venture capital markets, including 20 domestic enterprises and 6 foreign enterprises, with a total financing amount of about 20.885 billion yuan [3] Fundraising Events - Nanjing Advanced Manufacturing Industry Special Mother Fund plans to participate in a subsidiary fund, namely Nanjing Yuexiu Strategic New Technology Industry Investment Fund (Limited Partnership) (provisional name), with a target scale of 1 billion yuan, to be registered in Pukou District, Nanjing, and a duration of 10 years, focusing on intelligent equipment manufacturing and integrated circuit industries [3] - Jiaxing State - owned Investment established an emerging industry guidance fund with an expected total scale of 1 billion yuan, focusing on new materials and new quality productivity fields [5] Large - scale Financing - Shanghai Xizhi Technology Co., Ltd. completed over 1.5 billion yuan in Series C financing, which will accelerate the development of core technologies and the large - scale implementation of optoelectronic hybrid computing power [6] - Longsheng Huachen completed 12 million yuan in angel - round financing, which will be used for the iteration and upgrade of the self - developed digital supply chain platform, etc. [7] - Sichuan Dinglong Chuangzhi Technology Group Co., Ltd. completed 10 million yuan in angel - round financing, which will be used for intelligent equipment R & D and market expansion [8] - Khazna Data completed a strategic financing of 2.62 billion US dollars to support its expansion plans in the UAE and international markets [10] Global IPO - Huaxin Precision Technology officially listed on the Main Board of the Shanghai Stock Exchange, raising 814 million yuan [11] Policy Focus - The State Council issued an opinion to release sports consumption potential and promote the high - quality development of the sports industry, aiming to cultivate world - influential sports enterprises and events by 2030 [12] - The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued an action plan for the stable growth of the electronic information manufacturing industry from 2025 - 2026, with expected average growth rates of about 7% for value - added and over 5% for annual revenue [13]

New Stock Listings - Huaxin Jingke (603370) listed at an issuance price of 18.6 on September 5, 2025[1] Rights Issues and Offers - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - Cash option for *ST Tianmao (000627) is available from September 15 to September 19, 2025[1] Stock Performance Alerts - Significant abnormal fluctuations reported for KaiPu Cloud (688228) on August 30, 2025[1] - New stock listings and trading alerts include various companies with specific announcement links for further details[1] Trading Volume Insights - Notable trading volumes for several stocks, including Dongjie Intelligent (300486) at 6241 and Kedi Shares (605255) at 6820[1] - Other stocks with significant trading volumes include Huawen Technology (001380) at 9056 and ST Jinfeng (000908) at 9022[1]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) successfully listed on the Shanghai Stock Exchange, marking a significant milestone in its development and reflecting the growing competitiveness of Chinese precision manufacturing in the global new energy industry chain [1][3]. Company Overview - Huaxin Precision has over 20 years of experience in the precision stamping field and is recognized as a national "specialized, refined, and innovative" small giant, being the only domestic supplier of drive motor iron cores for BMW and one of only two globally [3][4]. - The company has achieved over twofold revenue growth in its new energy drive motor business over three years, benefiting from the national "dual carbon" goals and policies supporting the new energy vehicle industry [3][4]. Business Development Stages - **Stage 1 (2002-2009)**: Established as Jiangyin Huaxin Electric Co., Ltd., focusing on electromagnetic stamping parts, primarily producing electrical equipment iron cores [4]. - **Stage 2 (2009-2018)**: Expanded product offerings to include automotive iron cores, achieving breakthroughs in new energy vehicle drive motor iron cores, and established a production management system aligned with international standards [5]. - **Stage 3 (2018-Present)**: Rapid growth in new energy vehicle drive motor iron cores, becoming a mainstream supplier and recognized by major automotive and electrical equipment manufacturers [6]. Financial Performance - From 2021 to 2024, revenue from new energy vehicle drive motor iron cores is projected to grow from 235 million yuan to 828 million yuan, with a compound annual growth rate (CAGR) of 52.1% [6][7]. - Overall revenue increased from 1.192 billion yuan in 2022 to 1.421 billion yuan in 2024, with a CAGR of 9.2%, while net profit rose from 114 million yuan to 150 million yuan, reflecting a CAGR of 14.7% [7]. Technological Advancements - The company has developed proprietary technologies such as "in-mold gluing" and has a production capacity for ultra-thin silicon steel, with an annual capacity of 60,200 tons for new energy vehicle drive motor iron cores [8]. - Huaxin Precision holds 80 authorized patents, including 18 invention patents, and has established a strong reputation in the industry [7][8]. IPO and Future Plans - The IPO aims to raise funds for expanding production capacity for new energy vehicle drive motor iron cores, developing a precision stamping and mold R&D center, and supplementing working capital [9][10]. - The company plans to invest 445 million yuan in expanding production capacity, targeting an annual output of 1 million high-end drive motor rotor iron cores [10]. - The global market for automotive drive motor iron cores is expected to reach $4.678 billion by 2030, with a CAGR of approximately 11.85% [9]. Global Expansion - Huaxin Precision has established subsidiaries in Singapore and Mexico, aiming to enhance its global supply chain integration and deepen cooperation with international clients like BMW and ZF [11].