精密冲压铁芯“小巨人”，宝马唯二供应商今日申购丨打新早知道

Core Viewpoint - The company Huaxin Jingke (603370.SH) is set to be publicly offered on the Shanghai Stock Exchange, focusing on the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [1][4]. Group 1: Company Overview - Huaxin Jingke specializes in precision stamping iron cores, which include various types such as those for electric vehicle drive motors, micro-special motors, electrical equipment, and ignition coils [5]. - The company supplies its products to numerous large automotive parts manufacturers, motor manufacturers, and complete vehicle manufacturers both domestically and internationally [5]. - As of June 30, 2025, Huaxin Jingke holds a total of 80 authorized invention and utility model patents and has been recognized as a high-tech enterprise [6]. Group 2: Financial Performance - The projected revenues for Huaxin Jingke from 2022 to 2024 are approximately 1.192 billion, 1.189 billion, and 1.421 billion yuan, with corresponding net profits of about 114 million, 156 million, and 150 million yuan [5]. - The company reported a total revenue of 752 million yuan in the first half of 2025, reflecting a year-on-year growth of 19.40%, with a net profit of approximately 98.34 million yuan, up 13.52% [5]. Group 3: Market Position and Capacity - Huaxin Jingke's precision stamping iron core business consistently accounts for over 90% of its revenue, with electric vehicle drive motor iron cores representing more than 50% of total revenue [5]. - The company ranks among the top three in sales within the global and Chinese automotive iron core sectors from 2021 to 2023 [5]. - The capacity utilization rates for the company's electric vehicle drive motor iron cores were 84.98%, 48.71%, and 60.97% for the years 2022 to 2024, respectively [7]. Group 4: Fundraising and Investment Plans - The company plans to use the raised funds primarily for the expansion of its electric vehicle drive motor iron core production, with an investment of 4.45 billion yuan, which constitutes 62.44% of the total fundraising [4]. - Other allocations include 670 million yuan for the precision stamping and mold research center (9.47%) and 200 million yuan for working capital (28.09%) [4]. - The company aims to add an annual production capacity of 1 million sets of high-end drive motor rotor and stator iron cores, targeting the high-end market [6].