4月24日，江苏江顺精密科技集团股份有限公司（股票代码：001400，简称"江顺科技"）正式登陆深交所主板。上市首日 收盘江顺科技报66.70元/股，涨幅达78.53%，总市值达到40.02亿元，展现出资本市场对铝加工细分领域龙头的价值认 可。 作为国内铝型材挤压模具及配套设备领域的领军企业，江顺科技凭借"模具+设备"的双轮驱动模式，构建起具备显著协同 效应的一站式配套服务体系，深度绑定华建铝业、栋梁铝业等头部厂商。在国家"以铝代钢""以铝节木"等产业政策推动 下，公司有望持续受益于轻量化材料替代浪潮，成长空间值得期待。 铝型材配套领域领先者，协同效应突出带动业绩稳增 江顺科技聚焦铝型材制造行业，主要从事铝型材挤压模具及配套产品的研发、生产和销售。公司成立于2001年，早期产 品主要以铝型材挤压模具为主。 财务数据也印证了协同效应成效，2022-2024年，江顺科技营业收入从89,242.58万元稳步增长至113,647.63万元，同期扣 非归母净利润由13,727.37万元提升至14,627.20万元，整体呈现稳健增长态势。 自主研发构筑技术壁垒，产品结构优化强化盈利能力 江顺科技面向铝加工行业，产品深度服 ...

Investment Rating - The investment rating for the company is "Buy," indicating that the expected return over the next 6-12 months is greater than 15% compared to the relevant market index [34]. Core Viewpoints - The company, Jiangshun Technology, specializes in the research, production, and sales of aluminum extrusion molds and accessories, supporting equipment, and precision mechanical components. It has established a strong market position and is expected to benefit from the accelerating trend of "using aluminum instead of steel" [2][7][25]. - The company has achieved significant revenue growth from 2022 to 2024, with projected revenues of 892 million, 1,042 million, and 1,136 million yuan, respectively, reflecting year-over-year growth rates of 20.35%, 16.82%, and 9.01% [8][31]. - The company has a solid customer base, including major domestic and international aluminum manufacturers, and holds a market share of approximately 6% in the domestic aluminum extrusion mold sector [26][27]. Summary by Sections Basic Financial Status - The company reported revenues of 892 million yuan in 2022, 1,042 million yuan in 2023, and is projected to reach 1,136 million yuan in 2024, with corresponding year-over-year growth rates of 20.35%, 16.82%, and 9.01% [8][31]. - The net profit attributable to the parent company was 139 million yuan in 2022, 146 million yuan in 2023, and is expected to be 155 million yuan in 2024, with year-over-year growth rates of 33.95%, 5.14%, and 6.30% [8][31]. Industry Situation - The aluminum extrusion mold industry is experiencing growth due to the increasing demand from various sectors, including construction, transportation, and renewable energy. The market size of the mold industry in China has been steadily increasing, with projections indicating continued growth in the coming years [17][21]. Company Highlights - Jiangshun Technology is one of the few companies in China that can provide a one-stop service for extrusion molds and supporting equipment, which positions it well to benefit from the shift towards aluminum in various applications [25][26]. - The company has high capacity utilization rates, exceeding 90%, and has initiated projects to expand production capacity, which will significantly enhance its operational capabilities [27][28]. Fundraising Project Investment - The company plans to invest in two main projects: the expansion of precision mold production and the construction of an aluminum extrusion equipment production line, with a total investment of approximately 560 million yuan [28][29]. Comparison with Peers - Compared to similar companies in the industry, Jiangshun Technology's revenue and gross margin are positioned in the mid-to-high range, indicating a competitive standing within the market [31][32].