智通财经网·2025-06-06 11:33Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) has successfully passed the IPO meeting on June 6, aiming to raise 712 million RMB, focusing on the research, production, and sales of precision stamping products, particularly precision stamping iron cores for various applications [1] Company Overview - Huaxin Precision specializes in precision stamping iron cores, which include types for new energy vehicle drive motors, micro motors, electrical equipment, and ignition coils, supplying major domestic and international automotive parts manufacturers and electric equipment manufacturers [1] - The company has established strong partnerships with well-known enterprises such as Valeo, Delta Electronics, Bosch Group, and BYD, becoming a mainstream supplier in the industry [1] Technical and Operational Strengths - The company has accumulated rich experience and technical reserves in the precision stamping business, mastering core production processes such as self-locking riveting, argon arc welding, and laser welding, with the capability to mass-produce ultra-thin silicon steel [2] - Huaxin Precision has achieved long-term batch supply of iron core products to several renowned domestic and international companies, demonstrating its technical advantages in product precision and quality stability [2] Financial Performance - For the fiscal years 2022, 2023, and 2024, Huaxin Precision reported revenues of approximately 1.192 billion RMB, 1.189 billion RMB, and 1.421 billion RMB, respectively, with net profits of approximately 114 million RMB, 156 million RMB, and 150 million RMB [2] - The total assets of the company are projected to reach approximately 1.837 billion RMB by the end of 2024, with a debt-to-asset ratio of 40.67% [3] - The company's equity attributable to shareholders is expected to be around 1.040 billion RMB by the end of 2024, reflecting a steady increase in financial health [3]