今天，无锡父女IPO敲钟

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) has successfully listed on the Shanghai Stock Exchange with an IPO price of 18.6 yuan per share, resulting in a market capitalization exceeding 13 billion yuan, marking a significant milestone for the company and reflecting the growth of the precision stamping core industry in Jiangyin, Wuxi [4][9]. Company Overview - Founded in 2002 by Guo Zhengping, Huaxin Precision has evolved from a small factory into a leading player in the precision stamping core industry, with a focus on electric equipment cores and micro-motor cores used in various applications such as air conditioners and electric tools [6][9]. - The company is family-run, with Guo Zhengping's daughters, Guo Yunrong and Guo Wanrong, taking on key roles in management, contributing to the company's strategic direction and growth [6][7][15]. Business Development - Huaxin Precision has made significant strides in the new energy sector, particularly in developing cores for electric vehicle drive motors, which are critical components of the "three electric systems" in electric vehicles [7][8]. - The company has established partnerships with major clients, including BYD and BMW, and has seen a compound annual growth rate of 17.72% in revenue from electric vehicle drive motor cores from 2022 to 2024 [13][14]. Financial Performance - The revenue from precision stamping cores constituted a significant portion of Huaxin Precision's income, with figures of 1.05 billion yuan, 1.008 billion yuan, and 1.246 billion yuan projected for 2022 to 2024, representing 98.84%, 94.87%, and 97.34% of total revenue respectively [12]. - Despite revenue growth, the company has faced challenges with profit margins, indicating a trend of "increasing revenue without increasing profit" [14]. Market Context - The IPO of Huaxin Precision is part of a broader trend in Wuxi, where over 160 companies have gone public, reflecting a robust industrial upgrade and the emergence of new industries in the region [4][18]. - Wuxi has seen a surge in IPO activity, with 25 companies currently in the pipeline, indicating a vibrant investment landscape and a strong focus on high-tech and new energy sectors [18][19].