Core Viewpoint - Haomei New Materials (002988) plans to raise up to 1.897 billion yuan through a private placement of A-shares to support its expansion in automotive lightweight aluminum materials and components, as well as to enhance its R&D capabilities and production facilities [1][2] Group 1: Fundraising and Investment Plans - The company intends to issue no more than 74.9255 million shares, accounting for up to 30% of its total share capital, to raise funds primarily for capacity expansion in East and South China [1] - A total of 232 million yuan will be allocated to the construction of an R&D innovation center focusing on high-performance lightweight automotive components, low-altitude aircraft structures, robotic joints, and new liquid cooling products [1][3] - The company plans to invest 479 million yuan in expanding production capacity for high-performance aluminum materials in East China and 554 million yuan in South China to meet growing customer demand [2] Group 2: Business Growth and Market Opportunities - Haomei New Materials is a leading domestic player in automotive lightweight aluminum materials, with a comprehensive industry chain from casting to deep processing [2] - The company's revenue from automotive lightweight business has grown from 168 million yuan in 2020 to 1.775 billion yuan in 2024, with a compound annual growth rate of 80.29% [2] - The company has secured over 400 automotive lightweight project designations by the end of 2024, with an additional 70 expected in the first half of 2025 [2] Group 3: Emerging Markets and Applications - The company is expanding into new applications such as low-altitude aircraft, humanoid robots, and liquid cooling systems, leveraging the advantages of aluminum and magnesium alloys [3][4] - The low-altitude economy is projected to consume 870,000 tons of aluminum by 2024, with a market size of 23.5 billion yuan, expected to grow to 32 billion yuan by 2025 [3] - The liquid cooling server market in China is anticipated to reach 2.37 billion USD in 2024, with a growth rate of 67% compared to 2023, and a projected CAGR of 46.8% from 2024 to 2029 [3] - The humanoid robot market is expected to exceed 2.05 million units sold by 2030, with a market size of 287.03 billion yuan, potentially driving demand for aluminum and magnesium alloys [3]

Core Viewpoint - The stock of Jin Hong Shun has experienced a decline in price and trading volume, with significant fluctuations in net inflow and outflow of funds, indicating potential volatility in the market [1][2]. Group 1: Stock Performance - On November 19, Jin Hong Shun's stock price fell by 2.05%, reaching 20.52 CNY per share, with a trading volume of 50.25 million CNY and a turnover rate of 1.35%, resulting in a total market capitalization of 3.68 billion CNY [1]. - Year-to-date, Jin Hong Shun's stock price has decreased by 17.72%, with a 3.80% drop over the last five trading days, a 3.02% decline over the last 20 days, and a 5.87% decrease over the last 60 days [1]. Group 2: Fund Flow - The net inflow of main funds was 3.85 million CNY, with large orders accounting for 22.95% of total buying and 21.56% of total selling [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on August 14, where the net buying was -6.02 million CNY [1]. Group 3: Company Overview - Jin Hong Shun, established on September 23, 2003, and listed on October 23, 2017, specializes in the development, production, and sales of automotive body and chassis stamping parts and related molds [1]. - The company's main business revenue composition includes automotive parts (90.35%), other (5.38%), and molds (4.27%) [1]. Group 4: Financial Performance - For the period from January to September 2025, Jin Hong Shun reported operating revenue of 471 million CNY, a year-on-year decrease of 26.34%, while the net profit attributable to the parent company was 15.71 million CNY, reflecting a year-on-year increase of 200.89% [2]. - Since its A-share listing, Jin Hong Shun has distributed a total of 60.80 million CNY in dividends, with 2.56 million CNY distributed over the past three years [2]. Group 5: Shareholder Information - As of September 30, Jin Hong Shun had 11,400 shareholders, a decrease of 36.39% from the previous period, with an average of 15,752 circulating shares per shareholder, an increase of 57.22% [2].

Core Viewpoint - Dongshan Precision's stock price has seen significant fluctuations, with a year-to-date increase of 144.80%, but a recent decline of 5.56% over the past five trading days [1] Group 1: Stock Performance - As of November 19, Dongshan Precision's stock price was 71.31 CNY per share, with a market capitalization of 130.61 billion CNY [1] - The company has experienced a net outflow of 38.97 million CNY in principal funds, with large orders showing a buy of 187 million CNY and a sell of 196 million CNY [1] - The stock has appeared on the trading leaderboard nine times this year, with the most recent appearance on November 6, where it recorded a net buy of 373 million CNY [1] Group 2: Company Overview - Dongshan Precision, established on October 28, 1998, and listed on April 9, 2010, is located in Suzhou, Jiangsu Province [2] - The company's main business includes manufacturing and services for precision sheet metal parts and precision castings, with revenue composition: 65.23% from electronic circuit products, 17.98% from touch panels and LCD modules, 13.93% from precision components, 1.69% from LED display devices, and 1.17% from other sources [2] - As of October 31, the number of shareholders was 106,700, a decrease of 7.43%, with an average of 12,996 circulating shares per person, an increase of 8.02% [2] Group 3: Financial Performance - For the period from January to September 2025, Dongshan Precision achieved a revenue of 27.071 billion CNY, a year-on-year increase of 2.28%, and a net profit attributable to shareholders of 1.223 billion CNY, a year-on-year increase of 14.61% [2] - The company has distributed a total of 1.544 billion CNY in dividends since its A-share listing, with 731 million CNY distributed in the last three years [3] Group 4: Shareholder Structure - As of September 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.7123 million shares, an increase of 5.2492 million shares from the previous period [3] - New institutional shareholders include Ruiyuan Growth Value Mixed A and Xingquan Helun Mixed A, holding 21.3417 million shares and 11.7753 million shares, respectively [3]

Core Viewpoint - The stock of Jiangsu Zhongjie Precision Engineering Co., Ltd. has experienced fluctuations, with a year-to-date increase of 29.94% but a recent decline in the last 60 days by 11.79% [1] Company Overview - Jiangsu Zhongjie Precision Engineering Co., Ltd. was established on August 11, 1998, and went public on September 29, 2021. The company is located in Wuxi City, Jiangsu Province, and specializes in the research, production, and sales of precision automotive components [1] - The company's revenue composition includes: die-casting parts (32.80%), stamping parts (32.70%), other categories (14.44%), machining parts (13.32%), injection molding parts (6.20%), and others (0.54%) [1] Stock Performance - As of November 19, the stock price was reported at 24.61 CNY per share, with a market capitalization of 2.585 billion CNY. The trading volume was 4.5894 million CNY, and the turnover rate was 0.28% [1] - The number of shareholders as of November 10 was 7,826, a decrease of 1.87% from the previous period, while the average circulating shares per person increased by 1.90% to 8,579 shares [1] Financial Performance - For the period from January to September 2025, the company achieved a revenue of 581 million CNY, representing a year-on-year growth of 5.28%. However, the net profit attributable to the parent company was a loss of 27.6074 million CNY, a decrease of 460.62% compared to the previous year [1] Dividend Information - Since its A-share listing, the company has distributed a total of 11.0307 million CNY in dividends, with 6.3033 million CNY distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of the company saw the exit of the Noan Multi-Strategy Mixed A fund (320016) from the list [2]

亚太科技所属申万行业为：有色金属-工业金属-铝。所属概念板块包括：小盘、有色铝、海水淡化、汽 车轻量化、新能源车等。 截至9月30日，亚太科技股东户数5.25万，较上期增加10.72%；人均流通股16588股，较上期减少 9.46%。2025年1月-9月，亚太科技实现营业收入58.30亿元，同比增长6.20%；归母净利润2.94亿元，同 比减少15.96%。 分红方面，亚太科技A股上市后累计派现29.69亿元。近三年，累计派现14.70亿元。 机构持仓方面，截止2025年9月30日，亚太科技十大流通股东中，红利低波（512890）位居第三大流通 股东，持股5289.76万股，持股数量较上期不变。创金合信中证红利低波动指数A（005561）位居第七大 流通股东，持股1493.34万股，相比上期增加26.23万股。易方达中证红利低波动ETF（563020）位居第 八大流通股东，持股1154.40万股，相比上期增加363.49万股。香港中央结算有限公司位居第十大流通股 东，持股880.85万股，相比上期增加131.43万股。 责任编辑：小浪快报 11月19日，亚太科技盘中下跌2.09%，截至09:39，报7.04元 ...

Core Viewpoint - The company focuses on the development of UN series semi-solid magnesium alloy forming equipment, emphasizing lightweight, thin-walled, and high mechanical performance requirements for complex components [1]. Group 1: Company Developments - The company will continue to enhance its technology and service investments in the automotive lightweight structural components sector, supporting customers in achieving higher performance product solutions [1]. Group 2: Industry Context - An investor inquired about the application of the company's equipment in well-known new energy vehicle core component production, specifically mentioning the magnesium alloy steering wheel of the Cybertruck [3]. - The company is expected to have ongoing projects in the large and complex automotive magnesium alloy structural components field, although specific project details were not disclosed [3].

Core Viewpoint - Jin Hongshun's stock price has experienced a decline of 16.56% year-to-date, with significant net outflows of capital and a decrease in revenue, while net profit has shown substantial growth [1][2]. Group 1: Stock Performance - On November 18, Jin Hongshun's stock fell by 2.07%, trading at 20.81 CNY per share, with a total market capitalization of 3.729 billion CNY [1]. - The stock has seen a trading volume of 47.19 million CNY, with a turnover rate of 1.25% [1]. - Year-to-date, the stock has dropped 16.56%, with a 4.32% decline over the last five trading days and a 1.47% decline over the last 20 days [1]. Group 2: Capital Flow - There was a net outflow of 4.92 million CNY from main funds, with large orders buying 10.36 million CNY (21.95%) and selling 14.16 million CNY (30.01%) [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 14, where it recorded a net buy of -6.02 million CNY [1]. Group 3: Financial Performance - For the period from January to September 2025, Jin Hongshun reported revenue of 471 million CNY, a year-on-year decrease of 26.34%, while net profit attributable to shareholders was 15.71 million CNY, a year-on-year increase of 200.89% [2]. - The company has distributed a total of 60.8 million CNY in dividends since its A-share listing, with 2.56 million CNY distributed in the last three years [3]. Group 4: Company Overview - Jin Hongshun, established on September 23, 2003, is located in Zhangjiagang Economic Development Zone, Jiangsu Province, and was listed on October 23, 2017 [1]. - The company's main business involves the development, production, and sales of automotive body and chassis stamping parts and related molds, with automotive parts accounting for 90.35% of its revenue [1].

Core Viewpoint - The company, Haomei New Materials, plans to raise up to 1.897 billion yuan through a private placement to expand its production capacity for lightweight aluminum profiles and components in East and South China, enhance its R&D capabilities, and improve its operational efficiency in response to the growing demand in the automotive lightweight sector [1][2]. Group 1: Company Strategy and Expansion - The company aims to build production bases in East China to meet the local supply needs of automotive manufacturers, thereby reducing logistics costs and enhancing supply chain resilience [1][2]. - The expansion will include the development of a full-process production capability covering casting, extrusion, precision machining, and assembly, which aligns with the trend of localized supply chains in the automotive industry [1][2]. - The company is also focusing on increasing automation in precision processing to enhance product value and achieve a strategic goal of simultaneous growth in volume and price [2]. Group 2: Financial Performance and R&D Investment - For the first three quarters of 2025, the company reported total revenue of 5.582 billion yuan, a year-on-year increase of 15.40%, while net profit decreased by 16.68% to 143 million yuan [3]. - The company has increased its R&D expenditure to over 180 million yuan, reflecting a year-on-year growth of 21.28%, indicating a strong commitment to innovation in the lightweight automotive sector [3]. - The company is actively pursuing opportunities in emerging markets, including establishing a joint venture in Morocco to supply components for the European and North African markets [3].

Group 1 - The company, Haomei New Materials, plans to raise up to 1.897 billion yuan through a private placement of A-shares, targeting no more than 35 qualified investors and a maximum issuance of 74.9255 million shares [1] - The raised funds will be allocated to five major projects, including 554 million yuan for expanding production capacity of high-performance aluminum profiles and components in South China, 479 million yuan for a similar project in East China, 560 million yuan for working capital, 157 million yuan for a research and innovation center, and 147 million yuan for smart technology upgrades at the South China production base [1] Group 2 - The company has a history of changing the use of previously raised funds, with the last fundraising totaling approximately 1.403 billion yuan, which included multiple adjustments to project allocations [2] - Notably, 298 million yuan, or 21.21% of the previous fundraising total, was reallocated, including changes from a high-end energy-saving system project to automotive lightweight technology upgrades [2] - The company’s previous projects have not met expected profitability, with the aluminum alloy new material project promising a net profit of 82.843 million yuan but only achieving 71.82 million yuan by September 2025, and the revised project for aluminum alloy processing promising 44 million yuan but only realizing 47.9379 million yuan, affected by increased market competition and reduced processing fees [2]

Core Viewpoint - Wuhu Yichang Technology Co., Ltd. has obtained a patent for a "lightweight all-plastic tailgate processing system spray painting equipment" [1] Company Overview - Wuhu Yichang Technology Co., Ltd. was established in 2011 and is located in Wuhu City, primarily engaged in other manufacturing industries [1] - The company has a registered capital of 260 million RMB [1] - According to Tianyancha data, the company has invested in 2 enterprises and participated in 11 bidding projects [1] - The company holds 155 patent records and has 17 administrative licenses [1]