【8月25日IPO雷达】华新精科申购

Core Viewpoint - The company Huaxin Jingke is set to launch an IPO with an issue price of 18.60 yuan, targeting the electrical materials industry, and is expected to utilize the raised funds for expanding its production capabilities in the electric vehicle sector and enhancing its R&D efforts [2][3]. Group 1: Company Overview - Huaxin Jingke operates primarily in the precision stamping field, with a focus on producing precision stamping iron cores, which account for 87.69% of its main business [2]. - The company has over 20 years of experience in the precision stamping industry and has mastered various core production processes, including gluing, self-locking riveting, and argon arc welding [2]. - It is one of the few domestic companies capable of handling the entire production process from raw material cutting to stamping and subsequent processes [2]. Group 2: Financial Performance - The company reported a revenue of 11.89 billion yuan in 2023, a slight decrease of 0.26% compared to the previous year [3]. - The net profit for 2023 is projected to be 1.558 billion yuan, reflecting a growth of 37.01% from 2022 [3]. - For 2024, the company anticipates a net profit of 1.531 billion yuan, which represents a decrease of 1.72% compared to 2023 [3]. Group 3: Market Position and Competitors - The company is recognized as a mainstream supplier of iron cores for electric vehicle drive motors, micro-special motors, ignition coil cores, and other products [2]. - The industry average price-to-earnings (P/E) ratio is noted to be 21.68, while comparable companies such as Zhenyu Technology and Longsheng Technology have P/E ratios of 71.71 and 42.8, respectively [2]. Group 4: Fundraising and Investment Plans - The funds raised from the IPO will be directed towards expanding the production of electric vehicle drive motor iron cores, establishing a precision stamping and mold R&D center, and supplementing working capital [3].