Group 1 - The core viewpoint of the article highlights the significant stock performance of N Huaxin (603370) on its debut, with an opening increase of 249.46% and a midday increase of 303.49% [1][2] - The company specializes in the research, production, and sales of precision stamped iron cores and related precision stamping molds [2] - The total number of shares issued by the company is 43.73 million, with an online issuance of 27.99 million shares at a price of 18.60 yuan per share, resulting in a price-to-earnings ratio of 21.68, which is slightly below the industry average of 21.80 [2] Group 2 - The company raised a total of 814 million yuan through its initial public offering, with the funds primarily allocated to projects such as the expansion of iron cores for electric vehicle drive motors, working capital, and the establishment of a precision stamping and mold research center [2] - The final online subscription rate for the issuance was 0.02555726% [2] - The midday trading volume reached 23.05 million shares, with a turnover of 1.635 billion yuan and a turnover rate of 67.25% [1][2]

Core Viewpoint - Huaxin Precision Technology, a leading company in precision stamping iron cores, officially listed on September 5, experiencing a significant opening increase of 249.46% [2] Company Overview - Huaxin Precision Technology focuses on the research, production, and sales of precision stamping products, primarily various types of precision stamping iron cores and related molds [2] - The main products include iron cores for electric vehicle drive motors, micro-special motors, electrical equipment, and ignition coils, supplying numerous large automotive parts manufacturers and electric equipment manufacturers both domestically and internationally [2] - The company has accumulated extensive experience and technical reserves in the precision stamping business, mastering core production processes such as gluing, self-locking riveting, argon arc welding, and laser welding [2] Market Position - Huaxin Precision Technology ranks among the top five domestic manufacturers in terms of sales in the global and Chinese precision stamping iron core markets from 2021 to 2023 [3] - The global and Chinese automotive iron core markets exhibit a certain level of concentration, with leading companies holding significant market shares due to technological innovation, economies of scale, and brand influence [3] - The company has maintained stable operating performance with a growth trend, achieving operating revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for the years 2022 to 2024, respectively [3] Financial Projections - The company forecasts a revenue growth of 13.74% to 25.71% and a net profit growth of 16.03% to 41.81% for the first nine months of 2025 compared to the same period last year [3] Fundraising and Investment Plans - The funds raised from the listing will primarily be used for the expansion of electric vehicle drive motor iron core projects, the establishment of a precision stamping and mold R&D center, and to supplement working capital [4] - The planned investment amounts include 445 million yuan for the electric vehicle drive motor iron core expansion project, 67.4033 million yuan for the R&D center, and 200 million yuan for working capital [4]

Core Viewpoint - Huaxin Jingke (603370.SH) has been listed on the Shanghai Stock Exchange, focusing on the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [1][4]. Company Overview - Huaxin Jingke specializes in precision stamping iron cores, which include various types such as those for electric vehicle drive motors, micro-special motors, electrical equipment, and ignition coils [6]. - The company supplies major automotive parts manufacturers, motor manufacturers, and electrical equipment manufacturers both domestically and internationally [6]. Financial Performance - The projected revenues for Huaxin Jingke from 2022 to 2024 are approximately 1.192 billion, 1.189 billion, and 1.421 billion yuan, with corresponding net profits of about 114 million, 156 million, and 150 million yuan [6]. - For the first half of 2025, the company achieved total revenue of 752 million yuan, representing a year-on-year growth of 19.40%, and a net profit of 98.34 million yuan, up 13.52% year-on-year [6]. Market Position - Huaxin Jingke ranks among the top three manufacturers in the global and Chinese automotive iron core market from 2021 to 2023 [6]. - The precision stamping iron core business consistently accounts for over 90% of the company's revenue, with electric vehicle drive motor iron cores making up more than 50% of this revenue [6]. Investment and Growth Strategy - The company plans to invest 4.45 billion yuan in expanding production capacity for electric vehicle drive motor iron cores, 670 million yuan in a precision stamping and mold R&D center, and 200 million yuan to supplement working capital [4][8]. - The expansion project aims to add an annual production capacity of 1 million sets of high-end drive motor rotor and stator iron cores, targeting the high-end market [7]. Client Base and Certifications - Huaxin Jingke has secured contracts with notable clients such as BYD, Huichuan Technology, Valeo, and BorgWarner for its electric vehicle drive motor iron cores [7]. - The company holds 80 authorized patents and has received certifications as a high-tech enterprise and a national-level specialized and innovative "little giant" enterprise [7]. Production Capacity Utilization - The capacity utilization rates for the company's electric vehicle drive motor iron cores were 84.98%, 48.71%, and 60.97% from 2022 to 2024, while the rates for micro-special motor iron cores were 43.4%, 41.43%, and 66.59% during the same period [8].

Company Overview - N Huaxin was listed today with an opening price of 65.00 yuan, representing an increase of 249.46% from the issue price [2] - The company specializes in the research, development, production, and sales of precision stamped iron cores and related precision stamping molds [2] IPO Details - The total number of shares issued by the company is 43.73 million, with an online issuance of 27.99 million shares [2] - The issue price was set at 18.60 yuan per share, with an issuance price-to-earnings ratio of 21.68 times, slightly below the industry average of 21.80 times [2] - The number of effective subscriptions for the online issuance reached 13.18 million, resulting in a final winning rate of 0.02555726% [2] - The initial fundraising amount was 814 million yuan, primarily allocated to projects related to the expansion of iron cores for electric vehicle drive motors, working capital, and a precision stamping and mold R&D center [2] Recent IPO Performance - Recent IPOs have shown significant first-day performance, with N Huaxin leading at 249.46% increase, followed by other companies like Balanshi (216.86%) and Nengzhiguang (399.31%) [2][3] - The table of recent IPOs indicates a trend of high first-day returns across various sectors, particularly in electric equipment and machinery [2][3]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) is set to go public on the Shanghai Stock Exchange, marking a significant milestone for the company and reflecting the growing competitiveness of Chinese precision manufacturing in the global new energy industry [1] Company Development Stages - **Stage 1 (2002-2009)**: The company was established as Jiangyin Huaxin Electric Co., Ltd., focusing on electromagnetic stamping parts, primarily producing EI cores for electrical equipment and expanding into micro-motor cores for home appliances [2] - **Stage 2 (2009-2018)**: The company diversified its product offerings to include automotive cores and made significant breakthroughs in the new energy vehicle (NEV) drive motor core market, establishing relationships with major international automotive parts manufacturers [3] - **Stage 3 (2018-Present)**: Huaxin Precision has become a mainstream supplier of NEV drive motor cores, achieving substantial growth in this segment, with sales of NEV drive motor cores increasing from 235 million yuan to 828 million yuan from 2021 to 2024, reflecting a compound annual growth rate (CAGR) of 52.1% [4] Financial Performance - The company's revenue is projected to grow from 1.192 billion yuan in 2022 to 1.421 billion yuan in 2024, with a CAGR of 9.2%, while net profit is expected to rise from 114 million yuan to 150 million yuan during the same period, with a CAGR of 14.7% [5] - In the first half of 2025, the company reported revenue of 752 million yuan, a year-on-year increase of 19.4%, and a net profit of 98 million yuan, up 13.5% year-on-year, indicating strong growth momentum [5] Technological Advancements - The company has developed 80 authorized patents, including 18 invention patents, and has established a product system covering various types of cores for NEV drive motors, micro-motors, and electrical equipment [5] - Huaxin Precision's proprietary "in-mold gluing technology" enhances the rigidity, electromagnetic performance, and efficiency of cores, successfully applied in BMW's fifth-generation drive motor production [6] Market Position and Strategy - The company holds a market share of approximately 8.12% in the global NEV drive motor core market and ranks among the top three domestic automotive parts manufacturers [6] - The upcoming IPO aims to raise funds for expanding production capacity and enhancing R&D capabilities, with 445 million yuan allocated for NEV drive motor core expansion and 67 million yuan for a precision stamping and mold R&D center [7][8] Global Expansion and Future Outlook - The company has established subsidiaries in Singapore and Mexico, aiming to deepen cooperation with international clients and enhance its global market share [9] - The global NEV sales are projected to grow from 6.7 million units in 2021 to 18.236 million units in 2024, with the drive motor core market expected to reach $4.678 billion by 2030, growing at a CAGR of approximately 11.85% [7][8]

Group 1 - The core viewpoint of the article highlights the excitement surrounding the debut of Huaxin Jingke on the Shanghai Stock Exchange, emphasizing the low entry barriers for retail investors to participate in new stock offerings [1][3] - The article discusses the emotional rollercoaster experienced by investors who successfully obtain shares in new listings, balancing the fear of missing out on potential gains against the anxiety of market volatility [3][4] - It notes the current market sentiment, where recent fluctuations have led to increased caution among investors, with some expressing pessimism about the market's trajectory [3][5] Group 2 - The article posits that the current market may be entering a "slow bull" phase, contrasting it with previous bull markets that ended in significant losses for retail investors [4][5] - It emphasizes the role of institutional investors, referred to as "national teams," in stabilizing the market, suggesting that their long-term investment strategies will help guide the market towards a healthier growth trajectory [5][7] - The concept of a "slow bull" market is described as a gradual ascent, welcoming adjustments and corrections, which is seen as a necessary process for sustainable growth [7]

本次公开发行前，公司控股股东为苏盛投资，其直接持有公司55.78%的股权，并通过全资子公司 德诚钢铁和全资孙公司子泰机械分别间接持有公司0.79%和3.80%的股权，直接或间接合计持有公司 60.37%的股权。德诚钢铁、子泰机械为控股股东苏盛投资的一致行动人。 公司的共同实际控制人为郭正平、郭云蓉、郭婉蓉，郭云蓉和郭婉蓉为郭正平的女儿。本次公开发 行前，前述共同实际控制人共持有控股股东苏盛投资100%的股权，并通过苏盛投资间接持有公司 55.78%的股权，通过苏盛投资全资子公司德诚钢铁和全资孙公司子泰机械分别持有公司0.79%和3.80% 的股权。此外，郭婉蓉为无锡互创和无锡鸿通的执行事务合伙人，通过无锡互创、无锡鸿通分别控制公 司7.86%和0.74%的股权。三人合计间接控制公司68.97%的股权，故公司实际控制人为郭正平、郭云 蓉、郭婉蓉。 本次发行募集资金总额81,351.75万元，募集资金净额为72,718.96万元，拟用于新能源车用驱动电机 铁芯扩建项目、精密冲压及模具研发中心项目和补充流动资金项目。 （责任编辑：蔡情） 中国经济网北京9月5日讯 今日，华新精科（603370）在上交所上市。 上交所 ...

Core Viewpoint - Huaxin Jingke (603370.SH) has been listed on the Shanghai Stock Exchange, focusing on the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [1][4]. Company Overview - The company specializes in precision stamping iron cores, which include various types such as those for electric vehicle drive motors, micro-special motors, electrical equipment, and ignition coils [6]. - Huaxin Jingke's main revenue source is the precision stamping iron core business, which has consistently contributed over 90% of total revenue, with over 50% coming from electric vehicle drive motor iron cores [6][8]. Financial Performance - The projected revenues for Huaxin Jingke from 2022 to 2024 are approximately CNY 11.92 billion, CNY 11.89 billion, and CNY 14.21 billion, with corresponding net profits of CNY 1.14 billion, CNY 1.56 billion, and CNY 1.5 billion [6]. - In the first half of 2025, the company achieved total revenue of CNY 7.52 billion, reflecting a year-on-year growth of 19.40%, and a net profit of CNY 983.45 million, up 13.52% year-on-year [6]. Market Position - Huaxin Jingke ranks among the top three manufacturers in the global and Chinese automotive iron core market from 2021 to 2023 [6]. - The company has established significant client relationships, including partnerships with major automotive and electric motor manufacturers such as BYD, Valeo, and BorgWarner [7]. Investment and Expansion Plans - The company plans to use the raised funds primarily for the expansion of its electric vehicle drive motor iron core production capacity, aiming to add an annual production capacity of 1 million high-end drive motor cores [7]. - The production capacity utilization rates for the electric vehicle drive motor iron cores were 84.98%, 48.71%, and 60.97% from 2022 to 2024, indicating fluctuations in demand and production efficiency [8].

Market Overview - On September 4, 2025, A-shares experienced a collective decline, with the Shanghai Composite Index falling by 1.25%, the Shenzhen Component Index down by 2.83%, and the ChiNext Index dropping by 4.25%. The total trading volume in the Shanghai and Shenzhen markets was approximately 25,442.57 billion yuan, an increase of about 1,801.71 billion yuan compared to the previous trading day [1] - Hong Kong stocks also saw a downturn, with the Hang Seng Index closing down by 1.12% at 25,058.51 points, while the Hang Seng Tech Index fell by 1.85% to 5,578.86 points. The total trading volume was 3,022.33 billion HKD [1] - In contrast, U.S. stocks rose, with the S&P 500 Index closing at a record high of 6,502.08 points, up by 0.83%. The Dow Jones Index increased by 0.77% to 45,621.29 points, and the Nasdaq Composite Index rose by 0.98% to 21,707.69 points [1] New Stock Listing - A new stock, Huaxin Jingke (stock code 603370), was listed today at an issuance price of 18.6 yuan per share, with a price-to-earnings ratio of 21.68 times. The company focuses on the research, production, and sales of precision stamping products, primarily supplying precision stamping cores and related molds to various large manufacturers in the automotive and electrical sectors [2] Industry News - The State Council issued an opinion on September 4, 2025, aimed at enhancing the sports industry by expanding the number of large-scale sports enterprises. The initiative includes supporting private enterprises in sports investment, promoting the upgrade of public sports venues, and encouraging the transformation towards green, low-carbon, and intelligent operations [3][4] - Agricultural Bank of China saw a significant increase in its market capitalization, surpassing Industrial and Commercial Bank of China for the first time, with a total market value of 2.55 trillion yuan, marking an increase of 721.9 billion yuan this year, the largest growth in the A-share market [3]

每经AI快讯，9月5日，今日无新股申购；有1只新股上市，为沪市主板的华新精科（603370）。 ...