Core Viewpoint - The rapid growth of the new energy vehicle (NEV) market is driving the demand for aluminum alloy components in the automotive industry, leading to significant market expansion in China's aluminum alloy automotive parts sector, projected to reach 697.84 billion yuan in 2024, a year-on-year increase of 22.46% [1][8]. Market Overview - Aluminum alloy automotive parts are defined as components made from aluminum-based alloys, which are processed through various methods to achieve lightweight, high strength, corrosion resistance, and recyclability, contributing to vehicle weight reduction and energy efficiency [2]. - The application of aluminum alloy parts spans the entire vehicle, categorized into powertrain, chassis, body, electronic systems, and decorative components [2]. Market Policies - The Chinese government has implemented various policies to support the development of the automotive parts industry, including initiatives aimed at enhancing manufacturing reliability and promoting high-quality development in the NEV sector [2]. Industry Chain - The aluminum alloy automotive parts industry consists of upstream suppliers of aluminum materials and production equipment, midstream manufacturers of aluminum parts, and downstream automotive manufacturers and aftermarket services [4]. Market Growth - China's automotive market has seen substantial growth, with production and sales reaching 21.05 million and 21.12 million vehicles respectively from January to August 2025, marking a year-on-year increase of 12.7% and 12.6% [6]. Competitive Landscape - The aluminum alloy automotive parts market in China is characterized by a large number of companies, leading to a fragmented market structure. Key players include He Sheng Co., Ltd., Xusheng Group, and Wan Feng Ao Wei, among others [9][10]. - In 2024, Lichung Group led the industry with a revenue of 27.25 billion yuan, followed by Top Group and Minshi Group with revenues of 26.6 billion yuan and 23.15 billion yuan respectively [10]. Company Analysis - Lichung Group specializes in lightweight aluminum alloy products and has a complete industrial chain, with 54.5% of its revenue coming from casting aluminum alloys [11]. - Wan Feng Ao Wei focuses on lightweight metal components, achieving 80.81% of its revenue from automotive lightweight parts, totaling 6.056 billion yuan in the first half of 2025 [11]. Development Trends - The industry is expected to adopt smart factory and digital twin technologies, enhancing production efficiency and quality control. The use of recycled aluminum is anticipated to rise, aligning with sustainability goals and reducing production costs [12].

Core Viewpoint - The company, Chongqing New Aluminum Era Technology Co., Ltd., specializes in the research, production, and sales of aluminum alloy components for electric vehicle battery systems, with a focus on high-precision and high-performance products [2][7]. Company Overview - Chongqing New Aluminum Era Technology Co., Ltd. was established on December 18, 2015, and went public on October 25, 2024. The company is located in Fuling District, Chongqing [7]. - The main business revenue composition includes battery box cases (86.26%), other supplementary products (8.10%), precision structural parts (5.46%), and other products (0.17%) [7]. - The company is recognized as a leading enterprise in its niche and is classified as a national-level specialized and innovative "little giant" [2][3]. Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 2.223 billion yuan, representing a year-on-year growth of 61.38%. The net profit attributable to the parent company was 184 million yuan, with a year-on-year increase of 18.65% [8]. - As of October 31, 2025, the number of shareholders increased to 12,800, up by 5.11%, with an average of 6,535 circulating shares per person, an increase of 121.97% [8]. Market Position and Clientele - The company is the largest supplier of aluminum alloy battery box cases for BYD's electric vehicles, benefiting from the increasing sales of BYD's electric vehicles [3][8]. - The company has also targeted the 3C industry, addressing the significant demand gap for high-precision and high-surface materials [2]. Stock Performance - On November 5, the stock price of New Aluminum Era rose by 1.69%, with a trading volume of approximately 89.95 million yuan and a turnover rate of 2.17%, bringing the total market capitalization to 7.163 billion yuan [1].

Core Insights - Chongqing New Aluminum Era Supply Chain Co., Ltd. has been established with a registered capital of 20 million RMB [1] - The company is involved in various business activities including import and export of goods under state trade management, and a wide range of sales and services related to machinery and technology [1] Business Scope - The company is authorized to engage in the import and export of goods that require state trade management approval [1] - General business activities include transportation of goods by ordinary freight vehicles (up to 4.5 tons), sales of mechanical parts, metal products, and various types of robots [1] - Additional services offered include technical services, supply chain management, and equipment leasing [1]

Core Viewpoint - The company, New Aluminum Era, reported that as of October 31, 2025, the number of shareholders will be 12,837 [2] Summary by Categories - **Company Information** - New Aluminum Era has confirmed the expected number of shareholders to be 12,837 by the end of October 2025 [2] - **Investor Communication** - The company addressed investor inquiries on an interactive platform regarding shareholder numbers [2]

Core Points - The Shanghai Composite Index closed at 3960.19 points, with a decline of 0.41% and a total trading volume of 1,938.395 billion yuan [1] - A total of 107 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] Group 1: Stocks with Significant Death Cross - Hongyuan Electronics (603267) had a 5-day moving average of 52.69 yuan, down 1.97% from the 10-day moving average of 53.74 yuan, with a current price of 48.86 yuan, representing a deviation of -9.09% [1] - Zhongjian Technology (002779) reported a 5-day moving average of 123.82 yuan, down 1.88% from the 10-day moving average of 126.19 yuan, with a current price of 117.70 yuan, showing a deviation of -6.73% [1] - ST Huizhou (002122) showed a 5-day moving average of 3.56 yuan, down 1.41% from the 10-day moving average of 3.62 yuan, with a current price of 3.23 yuan, indicating a deviation of -10.65% [1] Group 2: Additional Stocks with Death Cross - Chao Hongji (002345) had a 5-day moving average of 13.02 yuan, down 1.33% from the 10-day moving average of 13.20 yuan, with a current price of 11.69 yuan, reflecting a deviation of -11.43% [1] - Kema Technology (301611) reported a 5-day moving average of 54.35 yuan, down 1.30% from the 10-day moving average of 55.06 yuan, with a current price of 52.30 yuan, showing a deviation of -5.02% [1] - Chuangyi Tong (300991) had a 5-day moving average of 40.78 yuan, down 1.26% from the 10-day moving average of 41.30 yuan, with a current price of 39.27 yuan, indicating a deviation of -4.91% [1]

Core Viewpoint - The company is actively advancing its projects related to lightweight high-strength automotive components and aluminum recycling, having obtained necessary licenses for operations [1] Group 1 - The company is progressing with its "annual production of 800,000 sets of lightweight high-strength automotive components project" [1] - The "New Aluminum Era Automotive Lightweight Components Project" and the "Chongqing Qijiang New Aluminum Era Aluminum Alloy Recycling Project" have both received business licenses from local market supervision authorities [1] - The company will continue to advance related work and fulfill information disclosure obligations as required [1]

Core Viewpoint - The company emphasizes the impact of aluminum prices on its procurement and sales strategies, highlighting the importance of cost management and innovation to maintain profitability amid market fluctuations [1] Procurement Insights - The primary raw material for the company is aluminum rods, with prices influenced by upstream aluminum ingot prices, which are subject to volatility as a bulk commodity [1] - The procurement pricing model follows "aluminum ingot market price + processing fee," referencing publicly available prices for "A00 aluminum" from Changjiang Nonferrous and Guangdong Nanchu [1] Sales Strategy - The company's battery box products are customized and non-standard, leading to a lack of a standardized market price due to varying customer requirements in functionality, material type, appearance, and other parameters [1] Cost Management - The company places a high priority on cost management and will closely monitor the impact of aluminum price fluctuations on its performance [1] - Strategies to control costs and maintain gross margins include optimizing the supply chain and improving production efficiency [1] Innovation and Growth - The company is committed to continuous technological innovation and expanding into high-quality sectors to ensure stable operations and performance improvement [1]

Core Viewpoint - The company is actively advancing its business layout in the robot components sector and plans to leverage its acquisition of Honglian Electronics, which possesses advanced technology applicable to the robotics field [2]. Group 1: Company Developments - The company has confirmed its orderly progress in the robot components business layout [2]. - The planned acquisition of Honglian Electronics, recognized as a national-level specialized and innovative "little giant" enterprise, includes core products such as 2μ-level ultra-high precision shaft technology, which is validated for use in robotics [2]. - A wholly-owned subsidiary, Chongqing New Aluminum Era Material Technology Co., Ltd., is set to implement lightweight component projects, including those for the robotics sector, aligning with the company's strategic development direction [2]. Group 2: Current Status and Future Outlook - As of now, the company is still in the product development phase for 3C products, computing heat sinks, and robot-related components, with no related orders formed yet [2]. - There remains uncertainty regarding the mass production of these components, and investors are advised to invest rationally and be aware of potential risks [2].

Core Viewpoint - New Aluminum Era, established on December 18, 2015, is set to be listed on the Shenzhen Stock Exchange on October 25, 2024, and is a leader in the aluminum alloy components for electric vehicle battery systems, with strong technical capabilities and a complete industry chain advantage [1] Business Performance - In Q3 2025, New Aluminum Era reported revenue of 2.223 billion yuan, ranking 17th among 55 companies in the industry, with the industry leader, Zhongding Co., achieving revenue of 14.555 billion yuan [2] - The net profit for the same period was 197 million yuan, placing the company 10th in the industry, while Zhongding Co. led with a net profit of 1.305 billion yuan [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 55.59%, higher than the industry average of 40.56%, but down from 64.72% in the same period last year [3] - The gross profit margin was 19.33%, below the industry average of 21.56%, and down from 24.84% in the previous year [3] Executive Compensation - The chairman, He Feng, received a salary of 1.36 million yuan in 2024, a decrease of 659,300 yuan from 2.0193 million yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.29% to 12,500, while the average number of circulating A-shares held per shareholder increased by 4.48% to 2,879.37 [5] - The top ten circulating shareholders included Hong Kong Central Clearing Limited as the sixth largest shareholder, holding 262,700 shares, while Bosera Theme Industry Mixed Fund exited the top ten [5] Growth Prospects - In the first half of 2025, the company reported total revenue of 1.54 billion yuan, a year-on-year increase of 68.8%, and a net profit of 140 million yuan, up 37.3% year-on-year [5] - Key growth drivers include the battery box business benefiting from industry trends and quality customers, potential structural growth in the battery shell business, and breakthroughs in precision structural components [5] - Guohai Securities projects revenues of 2.78 billion yuan, 3.42 billion yuan, and 4.03 billion yuan for 2025 to 2027, with net profits of 300 million yuan, 380 million yuan, and 480 million yuan respectively, assigning a PE ratio of 24, 19, and 15 times [6]

关于延期回复《关于重庆新铝时代科技股份有限公司发行股 份购买资产并募集配套资金申请的审核问询函》的公告 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。 证券代码：301613 证券简称：新铝时代 公告编号：2025-072 重庆新铝时代科技股份有限公司 根据《审核问询函》的要求，公司与本次重组的交易各方及中介机构正就《审 核问询函》中所涉及的问题认真研究并逐项落实，同时对重组报告书等相关披露 文件予以补充更新。鉴于《审核问询函》涉及的部分事项还需进一步落实，以上 事项的完成所需工作时间较长，预计无法在 30 日内披露《审核问询函》回复并 将回复文件通过深交所审核系统提交。为切实稳妥做好《审核问询函》回复等相 关工作，经与本次重组的交易各方及其他中介机构审慎协商，公司已向深交所申 请，将延期至《审核问询函》回复期限届满日起 30 日内向深交所提交《审核问 询函》的书面回复材料并及时履行信息披露义务。 延期期间，公司将与本次重组的交易各方及相关中介机构尽快完成《审核问 询函》的回复工作并及时履行信息披露义务。本次交易尚需通过深交所审核并取 得中国证券监督管理委员会 ...