Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) has successfully listed on the Shanghai Stock Exchange, marking it as the 16th company to go public on the main board this year [1] Company Overview - The company's stock was issued at a price of 18.60 yuan per share, opening at 65.00 yuan, representing a 249.46% increase on the first day, and closing at 69.30 yuan, a total increase of 272.58%, with a market capitalization exceeding 12.1 billion yuan [3][4] - Huaxin Precision specializes in precision stamping technology, focusing on the research, production, and sales of precision stamping products [6] Product and Market Position - The core products include precision stamping iron cores, which are categorized into various types such as electric motor cores for new energy vehicles, micro-motor cores, electrical equipment cores, and ignition coil cores [7] - Major clients include well-known automotive parts manufacturers and OEMs such as BYD, BMW Group, ZF, Bosch Group, and Huichuan Technology [7] Financial Performance - The company reported revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for the years 2022 to 2024, respectively, with net profits of 114 million yuan, 156 million yuan, and 150 million yuan during the same period [7] - The comprehensive gross profit margins were 16.89%, 21.86%, and 20.43% for the years 2022 to 2024 [7] Future Prospects - The company has a strong order backlog, with projected demand for new energy vehicle drive motor cores reaching 10.182 billion yuan by the end of 2024 [7] - Huaxin Precision plans to invest 814 million yuan raised from the IPO into projects for expanding production capacity for new energy vehicle drive motor cores and establishing a precision stamping and mold R&D center [8] Innovation and Intellectual Property - As of June 2025, the company holds 80 authorized invention and utility model patents and has been recognized as a national-level "little giant" enterprise specializing in innovation [8]
上市首日大涨！精密冲压铁芯“小巨人”，登陆沪市