Core Viewpoint - On November 20, Zhongjie Automotive experienced a slight decline of 0.08% in stock price, with a trading volume of 31.63 million yuan, indicating a mixed sentiment among investors [1] Financing Summary - On the same day, the financing buy-in amount for Zhongjie Automotive was 2.63 million yuan, while the financing repayment reached 3.41 million yuan, resulting in a net financing outflow of 0.78 million yuan [1] - As of November 20, the total financing and securities lending balance for Zhongjie Automotive was 73.45 million yuan, which accounts for 8.42% of its circulating market value [1] - In terms of securities lending, there were no shares repaid or sold on November 20, with the securities lending balance remaining at zero [1] Company Overview - Suzhou Zhongjie Automotive Parts Co., Ltd. is located in Changshu, Jiangsu Province, and was established on February 10, 2010, with a planned listing date of April 25, 2025 [1] - The company's main business involves the research, development, production, and sales of precision processing components for automotive thermal management systems, with 89.17% of revenue derived from this segment and 10.83% from other sources [1] Shareholder Information - As of November 10, the number of shareholders for Zhongjie Automotive was 11,300, reflecting a decrease of 25.76% from the previous period [2] - The average number of circulating shares per shareholder increased by 41.81% to 2,143 shares [2] Financial Performance - For the period from January to September 2025, Zhongjie Automotive reported a revenue of 809 million yuan, representing a year-on-year growth of 11.68% [2] - The net profit attributable to the parent company was 61.35 million yuan, showing a year-on-year decrease of 9.46% [2] - Since its A-share listing, Zhongjie Automotive has distributed a total of 9.73 million yuan in dividends [2]

Core Viewpoint - The company, Zhongjie Automobile, emphasizes a prudent and pragmatic development strategy, focusing on market demand and technological synergies while exploring the potential for extending its precision processing capabilities into related fields [2] Group 1 - The company will adhere to a steady and practical development strategy [2] - The company aims to closely align with market demands and technological collaboration [2] - The company is actively assessing the possibility of extending its core precision processing capabilities into related areas [2]

Group 1 - The core point of the article is that Zhongjie Automobile (301560) reported a total of 11,344 shareholders as of November 10, 2025 [1]

Group 1 - The core viewpoint of the article indicates that Zhongjie Automobile's liquid cooling products currently contribute a low proportion of revenue, resulting in a minimal impact on the company's overall performance [1]

Core Viewpoint - The company, Zhongjie Automobile, currently lacks the manufacturing capability for microchannel water cooling plates (MLCP) and plans to adopt a prudent development strategy that aligns with market demand and technological synergies [1] Group 1 - The company has responded to investor inquiries regarding its current capabilities in manufacturing MLCP [1] - Future business expansion will be carefully evaluated based on the company's core precision processing capabilities [1] - The company emphasizes a steady and pragmatic approach to development [1]

Core Viewpoint - The company, Zhongjie Automobile, currently lacks the manufacturing capability for microchannel water cooling plates (MLCP) and plans to adopt a prudent and pragmatic development strategy in the future [1] Group 1 - The company has stated that it does not yet possess the manufacturing capability for MLCP [1] - Future strategies will focus on closely aligning with market demand and technological synergies [1] - The company will carefully assess the potential for business expansion into related fields based on its core precision processing capabilities [1]

Core Insights - The report highlights the IPO activities in Jiangsu province for October 2025, indicating a stable trend with 9 new A-share companies listed, similar to previous months [1][10]. Group 1: IPO Overview - In October 2025, Jiangsu saw the listing of 1 new company, Changjiang Energy Materials, on the Beijing Stock Exchange, with a fundraising amount of 1.84 billion [2][10]. - For the first ten months of 2025, Jiangsu ranked first among provinces with 21 new A-share companies, surpassing Guangdong by 4 companies [10][17]. - The total fundraising amount for Jiangsu's IPOs in the first ten months reached 129.27 billion, placing it third nationally [17][29]. Group 2: City-wise IPO Distribution - Suzhou led the province with 7 new A-share companies in the first ten months, followed by Wuxi and Changzhou with 3 each [10][17]. - The distribution of new A-share companies by city in October 2025 shows that Jiangsu's cities are actively participating in the IPO market, with various cities contributing to the overall count [5][10]. Group 3: Fundraising Analysis - The total fundraising for Jiangsu's IPOs in October was relatively low at 1.84 billion, indicating a need for more robust fundraising activities [17]. - Suzhou's total fundraising amount for the first ten months was 57.48 billion, maintaining its position as the top city in Jiangsu for IPO fundraising [17][13]. Group 4: Sector and Board Distribution - The newly listed companies in Jiangsu for the first ten months were distributed across four boards, with the Growth Enterprise Market (GEM) having the highest number at 7 companies [17][11]. - The breakdown of the newly listed companies by board shows a diverse participation across different sectors, reflecting the province's economic landscape [11][17]. Group 5: IPO Pipeline and Support - As of the end of October, there were 301 companies in the IPO application queue nationwide, with Jiangsu having 51, ranking third in the country [29]. - Jiangsu also leads in the number of companies undergoing IPO guidance, with 243 firms, indicating a strong support system for potential IPO candidates [29][26].

Group 1 - The core viewpoint of the news is that Zhongjie Automotive has seen a significant increase in its stock price, rising by 5.72% to reach 39.75 CNY per share, with a trading volume of 1.53 billion CNY and a turnover rate of 16.09%, resulting in a total market capitalization of 4.834 billion CNY [1] - Zhongjie Automotive, established on February 10, 2010, is located in Changshu, Jiangsu Province, and specializes in the research, production, and sales of precision components for automotive thermal management systems, with 89.17% of its revenue coming from this core business [1] Group 2 - From the perspective of fund holdings, one fund under Dongcai has Zhongjie Automotive as a significant investment, with the Dongcai ChiNext ETF holding 190 shares, ranking it as the seventh largest holding, and generating an estimated floating profit of approximately 408.5 CNY today [2] - The Dongcai ChiNext ETF was established on March 18, 2020, with a current size of 1.93 billion CNY, achieving a year-to-date return of 49.79%, ranking 656 out of 4216 in its category, and a one-year return of 43.35%, ranking 703 out of 3913 [2]

Core Viewpoint - Suzhou Zhongjie Automotive Parts Co., Ltd. has made a significant step in its overseas business expansion by completing the registration of its wholly-owned subsidiary in Hong Kong, which will focus on the import and export of automotive parts and electronic products [1][2]. Group 1 - The company announced that its wholly-owned subsidiary, PXI Technology (Hong Kong) Co., Limited, has been officially registered, marking a substantial advancement in its international business strategy [1]. - The subsidiary's registered capital is HKD 10,000, and it will operate in the import and export of general and automotive parts, as well as electronic products, providing related technical services and consulting [1]. - The establishment of the Hong Kong subsidiary aims to leverage the region's advantages and international platform to enhance the company's global market channels and optimize its supply chain [1][2]. Group 2 - The funding for this investment comes from the company's own resources, ensuring that it will not adversely affect the company's financial status or operational results [2]. - The company has confirmed that this investment does not harm the interests of the company or its shareholders [2].

Core Viewpoint - Suzhou Zhongjie Automotive Parts Co., Ltd. has made a significant step in its overseas business expansion by completing the registration of its wholly-owned subsidiary in Hong Kong, which will focus on the import and export of automotive parts and electronic products [1][2]. Group 1 - The company announced that its wholly-owned subsidiary, PXI Technology (Hong Kong) Co., Limited, has been officially registered, marking a substantial advancement in its international business strategy [1]. - The subsidiary's registered capital is HKD 10,000, and it will operate in the import and export of general and automotive parts, as well as electronic products, providing related technical services and consulting [1]. - The establishment of the Hong Kong subsidiary aims to leverage the region's advantages and international platform to enhance the company's global market channels and optimize its supply chain [1]. Group 2 - The funding for this investment comes from the company's own resources, ensuring that it will not adversely affect the company's financial status or operational results [2]. - The company has confirmed that this investment does not harm the interests of the company or its shareholders [2].