Core Viewpoint - The stock of Huaxin Jingke (603370) has experienced significant volatility post-IPO, with a sharp decline in price after an initial surge, leading to substantial losses for retail investors [1][3][5]. Company Overview - Huaxin Jingke specializes in the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [3]. - The company serves notable clients including Valeo, Delta Electronics, Bosch Group, BYD, and BMW, indicating a strong market presence [3]. Financial Performance - From 2022 to 2024, Huaxin Jingke's revenue is projected to grow from 1.192 billion to 1.421 billion yuan, reflecting a compound annual growth rate (CAGR) of 9.2% [3]. - Net profit is expected to increase from 114 million to 150 million yuan during the same period, with a CAGR of 14.7% [3]. - In the first half of 2025, the company reported revenue of 752 million yuan, a year-on-year increase of 19.4%, and a net profit of 98 million yuan, up 13.5% [3]. IPO and Market Reaction - Huaxin Jingke's IPO was sponsored by Huatai United Securities, which played a crucial role in ensuring accurate information disclosure and promoting the company [5]. - On the first trading day, the stock opened at 65 yuan, peaked at 77.30 yuan, but closed at 69.30 yuan, leading to initial investor excitement [5]. - However, the stock price fell continuously over the next five trading days, leading to significant losses for investors [5][10]. Investor Sentiment - Retail investors expressed frustration over the stock's performance, with some feeling that the IPO was more about raising capital than supporting company growth [10]. - One investor reported purchasing shares at an average price of 60.39 yuan, only to face a loss of 18,000 yuan as the stock price continued to decline [7][10].