至信股份：深耕汽车冲焊件及模具领域 致力于轻量化、模块化、智能化

Company Overview - Chongqing Zhixin Industrial Co., Ltd. has over 30 years of experience in the research, production, and sales of automotive welding parts and molds, expanding into upstream mold development and automation solutions [6][10] - The company has established over 10 production bases across major industrial clusters in China, enabling rapid response to customer needs and expansion into new markets [11] Production and Technology - The company operates 16 automated production lines and over 1,500 welding robots, achieving an overall automation rate exceeding 96% [6][8] - Core technologies include hot forming, lightweight design, cold stamping, welding, mold development, and intelligent manufacturing, with multiple awards for technological advancements [8][14] Clientele and Market Position - Major clients include well-known automotive manufacturers such as Changan Automobile, Geely, and NIO, as well as parts suppliers like CATL and Valeo [12] - The company has been recognized as a top-tier supplier, receiving numerous awards and certifications from major automotive clients [15][16] Financial Performance - Revenue has shown steady growth, with figures of approximately 2.09 billion, 2.56 billion, 3.09 billion, and 1.60 billion CNY for the years 2022 to 2025 [18] - The proportion of revenue from new energy vehicle components has increased significantly from about 20% in 2022 to over 70% by mid-2025 [19] Strategic Goals - The company aims to leverage government support for the automotive industry to expand its market share, particularly in new energy vehicles, while enhancing production capacity and optimizing product structure [7][24] - Plans include increasing the proportion of lightweight products and developing intelligent manufacturing scenarios to improve operational efficiency [24][26] Industry Context - The global automotive parts market was valued at approximately $2.39 trillion in 2022, projected to reach $3.07 trillion by 2029, with a compound annual growth rate of about 3.6% [28] - China's automotive parts industry is expected to grow to 4.4 trillion CNY in 2023, accounting for 24.4% of the global market, with a forecasted revenue exceeding 5.5 trillion CNY by 2026 [30][31] Competitive Landscape - The automotive parts industry is characterized by a multi-tiered supplier structure, with first-tier suppliers facing stringent quality and stability requirements from automakers [34] - The company holds a market share of 6.21%, 4.85%, and 4.59% for its engine compartment, side wall, and floor products, respectively, as of mid-2025 [35] Fundraising and Investment Projects - The company plans to use proceeds from its IPO for capacity expansion and technological upgrades in welding production lines, as well as to supplement working capital [36][38] - The expansion projects are expected to add approximately 2.4 million sets of welding parts annually, enhancing the company's competitive position in the market [38]