Group 1 - The company, Ningbo Xingyuan Zhuomai Technology Co., Ltd., is issuing convertible bonds totaling RMB 450 million [3][36] - The bonds will be convertible into A-shares and will be listed on the Shenzhen Stock Exchange [2][36] - The issuance includes 4.5 million bonds with a face value of RMB 100 each [4][5] Group 2 - The bonds have a maturity period of 6 years, from November 7, 2025, to November 6, 2031 [7][36] - The coupon rates are structured to increase over the years, starting at 0.20% in the first year and reaching 2.50% in the sixth year [7][36] - Interest will be paid annually, with the first payment occurring five trading days after the annual interest record date [9][36] Group 3 - The initial conversion price is set at RMB 52.30 per share [14][36] - The conversion period begins six months after the issuance and lasts until the maturity date [10][36] - The bonds are rated A+ by Zhongzheng Pengyuan Credit Rating Co., Ltd. [11][12] Group 4 - The bonds will be offered first to existing shareholders, with any remaining bonds available to the public [29][36] - The subscription date for existing shareholders is November 7, 2025 [26][36] - The public can subscribe through the Shenzhen Stock Exchange after the priority offering [29][36] Group 5 - The company will redeem the bonds at 114% of the face value plus the last interest payment within five trading days after maturity [20][36] - Conditional redemption can occur if the stock price exceeds 130% of the conversion price for a specified period or if the remaining bonds are below RMB 30 million [22][36] - Holders have the right to sell back the bonds under certain conditions if the stock price falls below 70% of the conversion price during the last two interest years [23][36]

Core Viewpoint - Company received a supplier designation notification from an unnamed domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components for electric vehicles, with expected sales of approximately 2.021 billion yuan over four years from 2026 to 2029 [1][3]. Group 1: Project Details - The project is set to begin mass production in the third quarter of 2026, with a total sales amount projected at about 2.021 billion yuan over four years [3]. - This new project, if realized, would represent approximately five times the company's projected revenue of 409 million yuan for 2024 [3]. - The company has previously announced similar supplier notifications, but none have reached this financial scale [3][4]. Group 2: Financial Performance - The company's revenue for the first three quarters of this year was 292 million yuan, and it is projected to be 409 million yuan for 2024 [3]. - The company has experienced a decline in net profit of about 20% this year, recording 45.07 million yuan [6][7]. Group 3: Market Position and Strategy - The company focuses on innovative design and application of lightweight materials in the automotive parts industry, highlighting its competitive advantage in the magnesium alloy powertrain components sector [3]. - The recent supplier notification reflects the client's high recognition of the company's core R&D capabilities, precision manufacturing, and comprehensive service levels [3]. Group 4: Capital Raising - The company is currently issuing convertible bonds with a scale of 450 million yuan, which may enhance investor confidence following the announcement of the significant project [7].

Core Viewpoint - Company has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components for electric vehicles, indicating strong recognition of its R&D and manufacturing capabilities [1][3]. Group 1: Project Details - The project is expected to start mass production in the third quarter of 2026, with a projected total sales amount of approximately 2.021 billion yuan over four years (2026-2029) [4]. - This project marks a significant increase in potential revenue, as it could amount to about five times the company's projected revenue of 409 million yuan for 2024 [4]. Group 2: Financial Performance - The company has previously announced similar project notifications, with lifecycle amounts of 250 million yuan, 238 million yuan, 170 million yuan, 205 million yuan, and 710 million yuan for various projects [4]. - The company's revenue for the first three quarters of this year was 292 million yuan, with a net profit decline of approximately 20%, recording 45.07 million yuan [5]. Group 3: Market Position and Strategy - Company focuses on lightweight materials for automotive components, showcasing its competitive advantage in the magnesium alloy powertrain component sector [3]. - The company is currently issuing convertible bonds worth 450 million yuan, which may influence investor confidence following the recent project notification [6].

Core Viewpoint - Xingyuan Zhuomei has received a supplier designation notification from a domestic electric vehicle manufacturer, with projected sales amounting to approximately 2 billion yuan over the next four years, starting from the third quarter of 2026 [1][3]. Financial Performance - The projected sales of 2.021 billion yuan represent about five times the company's expected revenue of 409 million yuan for 2024 [3]. - For the first three quarters of this year, the company reported a revenue of 292.3 million yuan, with a total revenue of 408.6 million yuan for the entire year of 2024 [3][4]. - The company's total revenue for the first three quarters of 2025 was 292.3 million yuan, showing a year-on-year growth of 1.48% [4]. Growth Indicators - The company has been focusing on lightweight materials for automotive components, which has been recognized by clients as a testament to its core R&D capabilities and precision manufacturing [4]. - The company has announced multiple project designations in the past two years, with a cumulative project value nearing 5 billion yuan, indicating a growing trend in securing significant contracts [6]. Market Context - The actual sales figures are contingent upon the production volumes of the downstream clients and the overall automotive market conditions, which may introduce uncertainties in supply and demand [5]. - The company is currently issuing convertible bonds worth 450 million yuan, which may influence investor confidence following the recent project designation [8].

Core Viewpoint - The company, Xingyuan Zhuomei (301398.SZ), has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components for electric vehicles, with expected sales of approximately 2.021 billion RMB over the next four years from 2026 to 2029 [1] Group 1: Project Details - The project is set to begin mass production in the third quarter of 2026 [1] - The total sales amount for the project is projected to be around 2.021 billion RMB over the period from 2026 to 2029 [1] Group 2: Company Strengths - The notification reflects the client's high recognition of the company's core R&D capabilities, precision manufacturing, and comprehensive service levels [1] - The company focuses on innovative design and alternative applications of lightweight materials in the automotive parts industry, showcasing its competitive advantage in the field of magnesium alloy powertrain components for electric vehicles [1] Group 3: Future Directions - The company plans to continue being research and customer demand-oriented, maintaining close cooperation with industry chain partners to quickly respond to strategic planning and order demands [1] - The company aims to contribute to the green upgrade and high-quality development of the electric vehicle industry [1]

Core Viewpoint - The company has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components, with expected sales of approximately 2.021 billion RMB over the next four years from 2026 to 2029 [1] Group 1: Project Details - The project is set to begin mass production in the third quarter of 2026 [1] - The total sales amount for the project is projected to be around 2.021 billion RMB over four years [1] Group 2: Company Strengths - The notification reflects the client's high recognition of the company's core R&D capabilities, precision manufacturing, and comprehensive service levels [1] - The company focuses on innovative design and alternative applications of lightweight materials in the automotive parts industry [1] Group 3: Future Directions - The company aims to continue being research and customer demand-oriented, maintaining close cooperation with industry chain partners [1] - The company is committed to contributing to the green upgrade and high-quality development of the electric vehicle industry [1]

Group 1 - The core point of the article is that Xingyuan Zhuomei announced a board meeting to discuss the issuance of convertible bonds and reported its revenue composition for 2024, with a significant focus on automotive die-casting components [1][1][1] Group 2 - For the year 2024, the revenue composition of Xingyuan Zhuomei is as follows: automotive die-casting parts account for 89.49%, non-automotive die-casting parts account for 4.82%, molds account for 4.77%, and other businesses account for 0.92% [1][1][1] - As of the report, Xingyuan Zhuomei has a market capitalization of 5.9 billion yuan [1][1][1] Group 3 - The article highlights a significant increase in overseas orders for a certain industry, with a 246% rise covering over 50 countries and regions, while cautioning about potential malicious competition due to some companies selling at a loss [1][1][1]

Core Viewpoint - Xingyuan Zhuomei has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components, with projected sales of approximately 2.021 billion RMB over the next four years [1] Company Summary - The project is expected to commence mass production in the third quarter of 2026 [1] - The financial impact on the company's revenue and net profit remains uncertain [1] Industry Summary - The notification indicates a growing demand for lightweight materials such as magnesium alloys in the electric vehicle sector [1]

Core Viewpoint - The company has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components for electric vehicles, with production expected to start in Q3 2026 and total sales projected at approximately 2.021 billion RMB over the next four years [1] Group 1 - The company will develop and supply magnesium alloy powertrain casing components for a domestic electric vehicle manufacturer [1] - The project is expected to commence mass production in the third quarter of 2026 [1] - Total sales for the project are estimated to be around 2.021 billion RMB from 2026 to 2029 [1]

宁波星源卓镁技术股份有限公司 向不特定对象发行可转换公司债券网上路演公告 保荐人（主承销商）：国投证券股份有限公司 证券代码：301398 证券简称：星源卓镁 公告编号：2025-050 特此公告。 发行人：宁波星源卓镁技术股份有限公司 保荐人（主承销商）：国投证券股份有限公司 2025 年 11 月 5 日 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 宁波星源卓镁技术股份有限公司（以下简称"发行人"或"星源卓镁"）向不特 定对象发行 4.50 亿元可转换公司债券（以下简称 "本次发行"）已获得中国证券 监督管理委员会证监许可〔2025〕2265 号文同意注册。 本次发行的可转换公司债券将向在股权登记日（2025 年 11 月 6 日，T-1 日） 收市后登记在册的原 A 股股东实行优先配售，优先配售后余额部分（含原股东 放弃优先配售部分）采用网上向社会公众投资者通过深交所交易系统发售的方式 进行。 本次向不特定对象发行的可转换公司债券《募集说明书提示性公告》已刊登 在 2025 年 11 月 5 日（T-2 日）的《上海证券报》上。募集说明书全文及相关资 ...