Core Viewpoint - Huaxin Precision Technology, established in 2002, is a leading manufacturer in the precision stamping core sector in China, with a full production capability and partnerships with well-known enterprises [1] Group 1: Business Performance - In Q3 2025, Huaxin Precision achieved a revenue of 1.165 billion yuan, ranking 15th among 26 companies in the industry, with the industry leader, Wolong Electric Drive, generating 11.967 billion yuan [2] - The company's net profit for the same period was 133 million yuan, placing it 10th in the industry, while the top two competitors reported net profits of 896 million yuan and 829 million yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, Huaxin Precision's debt-to-asset ratio was 28.49%, lower than the industry average of 35.64%, indicating strong solvency [3] - The company's gross profit margin was 20.43%, slightly below the industry average of 21.03%, down from 21.12% in the same period last year [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 45.70% to 33,900, while the average number of circulating A-shares held per shareholder increased by 84.17% to 1,012.74 [5] Group 4: Market Outlook and Business Highlights - The global precision stamping core market is expected to exceed 260 billion yuan by 2030, with Huaxin Precision being one of the few companies in China with full production capabilities [5] - The company has established itself as a key player in the precision stamping core sector, ranking among the top five domestic enterprises in sales from 2021 to 2023 [6] - Huaxin Precision is one of the early entrants in the new energy vehicle drive motor core business, achieving large-scale production and expanding its customer base since 2024 [6]

Core Viewpoint - The company has completed the registration change and obtained a new business license, reflecting updates in its registered capital and company type [8]. Financial Data - The third quarter financial report for 2025 has been approved by the board and is available for review [12][13]. - The financial statements for the period from January to September 2025 are unaudited [6][7]. Corporate Governance - The board of directors guarantees the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any misstatements or omissions [2][10]. - The fourth board meeting was held on October 27, 2025, with all nine directors present, complying with legal and regulatory requirements [11]. Shareholder Information - The company has updated its registered capital to 1,749.5 million yuan and changed its type to a listed company [8].

Core Points - The company, Huaxin Jingke, announced the completion of the registration capital, company type, and the revised Articles of Association [2] - The company has obtained a new business license issued by the Wuxi Data Bureau [2] Summary by Categories Company Registration - Huaxin Jingke has completed the necessary procedures for the registration of its capital and company type [2] - The company has also revised its Articles of Association as part of this process [2] Business License - The company received a new business license from the Wuxi Data Bureau, indicating compliance with local regulations [2]

Core Viewpoint - Huaxin Jingke (603370.SH) reported a strong performance in the first three quarters of 2025, with significant year-on-year growth in revenue and net profit [1] Financial Performance - The company achieved a revenue of 1.165 billion yuan, representing a year-on-year increase of 18.04% [1] - The net profit attributable to shareholders reached 136 million yuan, showing a year-on-year growth of 22% [1] - The non-recurring net profit was also 136 million yuan, reflecting a year-on-year increase of 25.70% [1] - Basic earnings per share stood at 1 yuan [1]

- The report tracks the recent IPO market performance, focusing on the net gains from new stock listings across the Sci-Tech Innovation Board, ChiNext, and Main Board, assuming all stocks are successfully subscribed and sold at the market average price on the first trading day, excluding lock-up restrictions[1][11][39] - The cumulative IPO net gains for A-class accounts with a scale of 2 billion reached 2.44%, while B-class accounts of the same scale achieved 2.19% as of October 24, 2025[11][39] - For larger accounts with a scale of 10 billion, the IPO net gains were significantly lower, with A-class accounts at 0.77% and B-class accounts at 0.70%[11][39] - The average first-day price increase for Sci-Tech Innovation Board stocks was 218.45%, while ChiNext stocks saw an average increase of 244.28%[1][16] - The report provides detailed calculations for theoretical IPO gains, using formulas such as: $ Full subscription quantity = Maximum subscription limit × Average offline subscription rate $ $ Full subscription gains = (First-day average price - IPO price) × Full subscription quantity $[35][39] - The highest full subscription gains among recent IPOs were achieved by United Power, Jindal Zhixin, and C Marco, with gains of 50.81, 12.58, and 11.03 million yuan respectively[35][38] - The report also includes monthly tracking of IPO gains for A-class accounts across different scales, showing a cumulative gain rate of 6.17% for 2 billion accounts since 2024, and 2.44% for 2025 alone[39][41] - Similar tracking for B-class accounts reveals a cumulative gain rate of 5.11% for 2 billion accounts since 2024, and 2.19% for 2025 alone[47][45] - The report highlights the IPO subscription process, including strategic placement, offline inquiry, and online pricing methods, with detailed statistics on subscription rates, oversubscription multiples, and effective subscription ratios for recent IPOs like Xi'an Yicai and Bibet[24][25]

Group 1 - The core point of the article is that Huaxin Precision Technology (SH 603370) held its fourth board meeting on October 27, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, the revenue composition of Huaxin Precision Technology 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, the market capitalization of Huaxin Precision Technology is 9 billion yuan [1] Group 2 - The article also mentions a separate news piece regarding a private shipping tycoon taking over Shanshan Group, indicating potential complexities in the restructuring process [1]

Core Viewpoint - Huanxin Jingke (603370.SH) reported a strong performance in its Q3 2025 financial results, indicating significant growth in both revenue and net profit [1] Financial Performance - The company achieved a total operating revenue of 1.165 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 18.04% [1] - The net profit attributable to shareholders reached 136 million yuan, reflecting a year-on-year growth of 22% [1] - Basic earnings per share stood at 1 yuan [1]

江阴华新精密科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 江阴华新精密科技股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日 召开第四届董事会第六次会议，审议通过《关于变更公司注册资本、公司类型及 修订<公司章程>并办理工商变更登记的议案》，本次变更事项已在相关股东大会 对董事会的授权范围内。具体内容详见公司于 2025 年 9 月 26 日在上海证券交易 所网站（www.sse.com.cn）等公司指定信息披露报刊披露的《关于变更公司注册 资本、公司类型及修订<公司章程>并办理工商变更登记的公告》(公告编号： 2025-005）。 证券代码：603370 证券简称：华新精科 公告编号：2025-010 住所：江阴市顾山镇新龚村云顾路 137 号（一照多址）； 法定代表人：郭正平； 注册资本：17495.0000 万元整； 成立日期：2002 年 08 月 19 日； 1 经营范围：从事电器技术的研发；生产新型片式电子元器件、精冲模、镇流 器、电感器 ...

证券代码：603370 证券简称：华新精科 | | 特定对象调研 □分析师会议 | | --- | --- | | □媒体采访 投资者关系活 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | □现场参观 | □其他 | | 参与单位名称 | 光大证券、博时基金、长城证券 | | 时间 2025年9月 | | | 地点 | 华新精科会议室 | | 董事会秘书 上市公司接待 | 郭婉蓉； | | 人员姓名 | 证券事务代表 何蓉蓉 | | | 一、董事会秘书介绍公司基本情况 | | | 二、互动交流主要内容 | | | 1、问：华新精科主要营收以铁芯为主，其中铁芯的注塑营收占比 | | 多少？ | | | | 答：目前注塑铁芯产品占比相对较低，对公司营收产生的影响较 | | 小。 | | | 投资者关系活 | | | 动主要内容介 | 2、问：公司与其他企业在铁芯的注塑制造工艺、成本控制上有何 | | 差距？ 绍 | | | | 答：公司通过铁芯整体工艺制程的前端技术研发、制程质量管控 | | | 手段的有效规划，从仅仅交付零部件到交付部件（注塑后的铁芯 | | | 产品），提升了产品的附 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥412,886,969.33, representing a year-on-year increase of 15.65%[4] - The total profit for the period was ¥44,455,409.29, reflecting a significant increase of 48.06% compared to the same period last year[4] - The net profit attributable to shareholders was ¥37,272,406.85, which is up by 51.94% year-on-year[4] - The basic and diluted earnings per share for the quarter were both ¥0.26, marking a 36.84% increase from the previous year[5] - The increase in total profit was primarily driven by higher revenue and improved gross margin, along with a reduction in credit impairment losses[9] - Net profit for the first three quarters of 2025 was ¥133,071,261.82, representing a 22.55% increase compared to ¥108,569,609.53 in 2024[20] - The total profit before tax for the first three quarters of 2025 was ¥153,819,063.02, up from ¥126,756,478.05 in 2024, marking a growth of 21.39%[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,745,290,802.01, an increase of 49.42% compared to the end of the previous year[5] - The total liabilities of the company as of September 30, 2025, were CNY 782,202,321.58, up from CNY 745,074,591.20 at the end of 2024[17] - The company's total equity increased to CNY 1,963,088,480.43 from CNY 1,092,199,820.40, representing a growth of approximately 80%[17] - The company's cash and cash equivalents amounted to CNY 925,737,934.07, compared to CNY 241,735,293.51 at the end of 2024, indicating a growth of approximately 284%[15] - The total assets of the company reached CNY 2,745,290,802.01, compared to CNY 1,837,274,411.60 at the end of 2024, reflecting an increase of about 49.5%[16] Shareholder Information - The company had a total of 33,852 common shareholders at the end of the reporting period[12] - The company reported a total of 10 major shareholders, with the largest shareholder holding 684,356 shares[13] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥58,416,937.54[5] - Cash flow from operating activities generated a net amount of ¥58,416,937.54, a significant recovery from a net outflow of -¥56,213,174.05 in 2024[21] - Cash and cash equivalents at the end of the period totaled ¥736,367,773.75, compared to a negative balance of -¥252,782,737.84 in the previous year[22] - The company reported a net cash outflow from investment activities of -¥48,675,378.68, an improvement from -¥200,934,662.98 in 2024[22] Inventory and Receivables - Accounts receivable decreased to CNY 484,968,911.11 from CNY 547,669,462.87, reflecting a decline of about 11.4%[15] - The company's inventory stood at CNY 252,245,202.94, slightly up from CNY 240,124,524.92, indicating a growth of approximately 5%[15] Earnings and Costs - Total operating revenue for the first three quarters of 2025 reached ¥1,164,500,040.58, a 17.99% increase from ¥986,514,255.77 in the same period of 2024[19] - Total operating costs increased to ¥1,010,428,318.82, up 18.43% from ¥853,021,933.61 year-over-year[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.00, up from ¥0.85 in the same period last year[21] Retained Earnings - The company's retained earnings increased to CNY 744,863,804.39 from CNY 609,246,430.19, showing a growth of approximately 22.2%[17] Other Comprehensive Income - The company experienced a decrease in other comprehensive income, with a net amount of -¥928,710.78 compared to a positive amount of ¥107,708.08 in the previous year[20]