Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [2]. Core Views - The company is a leading player in the precision forging gear industry, actively expanding into new products and markets, particularly in the electric vehicle sector [2][12]. - The company is transitioning from a single gear business to a more comprehensive assembly business, enhancing its product structure and value [2][35]. - The company is also venturing into the lightweight aluminum components for electric vehicles and the robotics sector, which is expected to create a second growth curve [2][3]. Summary by Sections 1. Company Overview - The company has over 30 years of growth, with a rich product matrix including automotive differential gears and components for electric vehicles [12]. - It has a clear shareholding structure and a diversified subsidiary layout, with 10 wholly-owned subsidiaries covering the entire industry chain [21][17]. - The customer base includes major domestic and international OEMs and Tier 1 suppliers, with ongoing efforts to expand into overseas and new energy markets [23][25]. 2. Business Expansion - The company is upgrading from individual gear components to complete differential assemblies, which increases the value per vehicle [2][35]. - The assembly business is projected to generate revenue of 492 million yuan in 2024, a year-on-year increase of 18.84%, becoming the second-largest revenue source [2][35]. 3. Lightweight and Robotics Initiatives - The company is tapping into the lightweight demand driven by the electric vehicle trend, focusing on key components that meet lightweight and low-noise requirements [2][19]. - It is also entering the robotics sector, establishing a joint venture to develop robotic joint components, which is expected to enhance growth opportunities [2][3]. 4. Financial Projections - The projected net profits for 2025-2027 are 153 million, 204 million, and 252 million yuan, respectively, with corresponding growth rates of -4.3%, 33.5%, and 23.5% [2][3]. - The company’s revenue is expected to reach 2.149 billion yuan in 2025, reflecting a growth rate of 6.1% [3][4].

证券日报网讯11月24日晚间，精锻科技（300258）发布公告称，截至2025年11月21日，公司通过集中竞 价交易方式累计回购股份11，730，061股，占公司总股本的比例为2.01%。 ...

格隆汇11月24日丨精锻科技(300258.SZ)公布，截至本公告披露日，本次回购方案已实施完毕。公 司通过回购专用证券账户以集中竞价交易方式累计回购股份11,730,061股，占公司总股本的比例为 2.01%，成交最低价格为8.37元/股，成交最高价格为12.93元/股，成交总金额为13,053.71万元(不含交易 费用)，实际回购时间区间为2024年12月25日至2025年11月21日。 ...

精锻科技（300258）(300258.SZ)公告，公司截至2025年11月21日累计回购股份1173.01万股，占公司总 股本的比例为2.01%，成交总金额约为1.31亿元。 ...

格隆汇11月24日丨精锻科技(300258.SZ)公布，截至本公告披露日，本次回购方案已实施完毕。公司通 过回购专用证券账户以集中竞价交易方式累计回购股份11,730,061股，占公司总股本的比例为2.01%， 成交最低价格为8.37元/股，成交最高价格为12.93元/股，成交总金额为13,053.71万元（不含交易费 用），实际回购时间区间为2024年12月25日至2025年11月21日。 ...

智通财经APP讯，精锻科技(300258.SZ)公告，公司截至2025年11月21日累计回购股份1173.01万股，占 公司总股本的比例为2.01%，成交总金额约为1.31亿元。 ...

证券代码：300258 证券简称：精锻科技 公告编号：2025-113 江苏太平洋精锻科技股份有限公司 关于回购公司股份比例达到2%暨回购实施结果 股份变动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 江苏太平洋精锻科技股份有限公司（以下简称"公司"）于2024年11月4日召开 第五届董事会第五次会议，于2024年11月22日召开2024年第二次临时股东大会，审 议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金和银行回购专 项贷款以集中竞价交易的方式回购公司部分社会公众股份，用于减少注册资本及实 施员工持股计划或股权激励。本次用于回购股份的资金总额不低于人民币10,000万 元（含本数），不超过人民币20,000万元（含本数）；回购价格不超过人民币13.00 元/股（含本数）；本次回购股份的实施期限为自公司股东会审议通过本次回购股份 方案之日起12个月内。具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露 的《关于回购公司股份方案的公告》（公告编号：2024-068）及《回购报告书》（公 告编号：2024-076）。 ...

Group 1 - Volant Aviation has completed a B+ round financing of several hundred million yuan, with investments from multiple listed companies including Jinding Capital, Bertley, Hailide, Aima Technology, Jingzhuan Technology, and Bojun Technology [1] - The financing will be used for the airworthiness certification and mass production preparation of the Volant VE25 eVTOL, further accelerating its commercialization process [1] - Huaxing Capital acted as the exclusive financial advisor for this financing round [1] Group 2 - Volant Aviation focuses on the research and manufacturing of high-grade electric vertical take-off and landing aircraft (eVTOL) [4] - The company's first composite wing product, VE25-100 "Tianxing," is designed with a market-oriented approach, targeting the commercial passenger transport sector and covering all application scenarios in the low-altitude economy [4] - Since the successful first unprotected flight of the prototype AC101 on September 1, the Volant team is working towards completing rotor test flight subjects and preparing for manned flight tests [4]

Core Insights - Volant Aviation has completed a multi-billion B+ round financing, with investments from several listed companies, aimed at accelerating the certification and mass production of its VE25 eVTOL model [1][2] - The low-altitude economy is recognized as a strategic emerging industry in China, with eVTOLs being a key component of its commercialization [2] Financing and Investment - The financing round involved investments from five listed companies, including Jinding Capital, Bertley, Hailide, Aima Technology, and Jingzhuan Technology, which have extensive experience in intelligent manufacturing, new materials, and precision processing [1] - The funds will be used for the airworthiness certification and preparation for mass production of the VE25 eVTOL, accelerating its commercialization process [1] Market Potential and Industry Outlook - The founder and CEO of Volant Aviation, Dong Ming, emphasized that China has a solid foundation and significant market potential for the eVTOL industry, which could develop into a globally competitive new pillar industry similar to electric vehicles [2] - The low-altitude economy is entering a critical period of policy benefits, with eVTOLs representing the core vehicle for its commercialization, aligning with the "dual carbon" strategy and urban transportation upgrades [2]

Core Insights - Volant has completed a B+ round financing amounting to several hundred million yuan, aimed at accelerating the certification and mass production of its VE25 eVTOL model, thereby speeding up its commercialization process [1][2] - The financing round was led by Jinding Capital in collaboration with five listed companies, indicating strong industry support and confidence in Volant's capabilities [1] - The founder and CEO of Volant, Dong Ming, emphasized China's solid foundation and immense market potential for the eVTOL industry, suggesting it could evolve into a globally competitive new pillar industry similar to electric vehicles [2] Financing Details - The B+ round financing will be utilized for the airworthiness certification and preparation for mass production of the VE25 eVTOL [1] - Jinding Capital's founding partner highlighted the low-altitude economy as a strategic emerging industry, integrating high-end manufacturing, aerospace, artificial intelligence, new materials, and new energy [1] Market Position and Future Outlook - Volant has achieved significant milestones, including the rollout of its engineering aircraft and successful manned flights, demonstrating its leading position in product development and commercial capabilities [1] - The company aims to collaborate with industry partners to develop safe, reliable, and practical commercial passenger eVTOLs, positioning itself to participate deeply in the global aviation industry's transformation and competition [2]