Core Insights - Shenzhen Hengruibo Precision Manufacturing Co., Ltd. has been established with a registered capital of 500,000 RMB [1] Company Overview - The legal representative of the company is Chen Mei [1] - The company engages in a variety of manufacturing and sales activities, including hardware products, molds, plastic products, and metal products [1] - The company also provides technical services, development, consulting, and trade activities, including import and export [1] Business Scope - General business activities include manufacturing and wholesale of hardware products, mold manufacturing and sales, and plastic products manufacturing and sales [1] - The company is involved in the manufacturing of industrial robots and components, as well as industrial automation control systems [1] - There are no licensed business activities listed, indicating a broad scope of operations under general business licenses [1]

天眼查App显示，近日，河北鸣鼎模具制造有限公司成立，法定代表人为王亚琦，注册资本5000万人民 币，经营范围为一般项目：模具制造;纸制品制造;家用电器制造;模具销售;塑料制品制造;技术服务、技 术开发、技术咨询、技术交流、技术转让、技术推广;五金产品制造;五金产品批发;日用百货销售;办公 用品销售;机械设备租赁;租赁服务（不含许可类租赁服务）（除依法须经批准的项目外，凭营业执照依 法自主开展经营活动）。 ...

Company Overview and Financial Performance - Ningbo Zhenyu Technology Co., Ltd. specializes in the R&D, design, production, and sales of precision progressive stamping molds and downstream precision structural components [1] - In the first half of 2025, the company achieved revenue of CNY 4.047 billion, a year-on-year increase of approximately 29.17% [2] - Net profit attributable to shareholders reached CNY 211 million, up about 60% year-on-year; non-recurring net profit was CNY 198 million, reflecting a growth of approximately 65% [2] - Operating cash flow for the first half of 2025 was CNY 174.39 million, with Q2 cash flow reaching CNY 222.24 million [2] - Revenue from precision structural components was approximately CNY 3.2 billion, a year-on-year increase of 28.59%, with a gross margin increase of 1.62% [2] - Mold revenue was CNY 231 million, showing a year-on-year growth of about 15%, with a stable gross margin above 50% [2] Future Outlook and Strategic Initiatives - The company plans to establish a subsidiary focused on humanoid robots and precision component manufacturing, leveraging its advanced technology in ultra-precision mechanical parts [1] - The growth in emerging industries is expected to have a long development cycle, with initial revenue contributions being relatively small [1] - The company aims to optimize product structure and deepen its presence in high-end markets for sustainable development [2] Market and Risk Considerations - The company’s overseas revenue proportions over the past three years were 2.22%, 2.96%, and 1.9%, indicating limited direct impact from recent U.S. tariff adjustments [2] - The trade war may have indirect effects on global economic growth, potentially impacting demand for large consumer goods [2] - The humanoid robot industry is still in its infancy, with the company’s main business revenue exceeding CNY 4 billion in the first half of 2025, while related business contributions remain small [5] Product Development and Client Engagement - The company has made significant progress in the development of linear actuators and precision components for humanoid robots, achieving third-generation product iterations that reduce weight by 22.5% and lower surface temperatures by 13% [4] - The company has established connections with major domestic and international clients for its linear actuator modules and precision components, although current revenue from these products is still minimal [5] - The company emphasizes the importance of R&D to enhance core competitiveness and aims to increase market share among existing clients while exploring new customer opportunities [2]

天眼查App显示，近日，上海伊耐孚模具技术有限公司成立，法定代表人为杜菊，注册资本30万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；模具销 售；机械设备销售；机械零件、零部件销售；金属材料销售；金属制品销售；金属工具销售；专用设备 修理；通用设备修理；金属制品修理；3D打印服务；金属切割及焊接设备销售；五金产品批发；五金 产品零售；电子元器件批发；电子元器件零售；塑料制品销售；专业设计服务；工业设计服务。（除依 法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，东莞市辛光精密模具有限公司成立，注册资本20万人民币，经营范围为一般项 目：模具制造；模具销售；机械零件、零部件加工；机械零件、零部件销售；五金产品制造；五金产品 零售；金属工具制造；金属工具销售；金属材料制造；金属材料销售；塑料制品制造；塑料制品销售； 橡胶制品制造；橡胶制品销售；电子元器件制造；电力电子元器件制造；汽车零配件零售；汽车零部件 及配件制造；通用零部件制造；输配电及控制设备制造；机械设备研发；机械设备销售；机械电气设备 销售；通用设备制造（不含特种设备制造）；国内贸易代理；专用设备修理；电子产品销售；货物进出 口；技术进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - Shenzhen Fengdi Technology Co., Ltd. has recently been established with a registered capital of 100,000 RMB [1] Company Overview - The legal representative of the company is Chen Mei [1] - The business scope includes manufacturing and sales of hardware products, molds, and plastic products, as well as technical services and development [1] - The company is also involved in the research and development of household appliances and the manufacturing of various measuring instruments [1] - There are no licensed business projects listed, indicating a focus on general business activities [1]

Core Viewpoint - Dongguan Changping Lianghong Mold Factory has been established with a registered capital of 600,000 RMB, indicating a new player in the mold manufacturing industry [1] Company Summary - The company operates in various sectors including mold manufacturing, sales, and technical services, showcasing a diversified business model [1] - The registered capital of 600,000 RMB reflects a moderate investment level for initial operations in the mold industry [1] Industry Summary - The establishment of new companies like Dongguan Changping Lianghong Mold Factory highlights ongoing growth and competition within the mold manufacturing sector [1] - The range of services offered, including packaging and paper product manufacturing, suggests a trend towards diversification in manufacturing capabilities within the industry [1]

Core Viewpoint - The electric motor core progressive die industry is experiencing significant advancements in technology, increasing demand from various sectors, and a shift towards automation and digitalization, which presents both opportunities and challenges for domestic manufacturers [3][4][6][10]. Group 1: Current Industry Status - Progressive die technology is continuously optimized, moving towards multi-station and large-scale production, with domestic companies achieving international standards in electric motor core automatic stacking dies [3]. - International cooperation is deepening, with increased cross-border mergers and technology alliances, particularly in material research and production equipment [3]. - The demand for electric motor core progressive dies is growing due to the explosion of the electric vehicle market and the rapid development of industries like robotics [3]. - The market is becoming more segmented, with customized products due to differences in downstream fields, leading to a "honeycomb pattern" in market entry barriers [3]. - Domestic high-end market share remains limited, with companies from Europe, the US, and Japan dominating the high-end market, necessitating continued reliance on imports for some high-end molds [3]. Group 2: Market Development Trends - The global electric motor core progressive die market is projected to grow from $400.34 million in 2024 to $633.41 million by 2031, with a CAGR of 6.30% [17]. - The Chinese market is rapidly evolving, expected to reach $137.65 million in 2024, accounting for approximately 34.38% of the global market, and projected to grow to $234.48 million by 2031 [17]. - The demand for electric motor core progressive dies is driven by the global carbon neutrality goals, with increasing sales of electric vehicles [10]. - Automation and industrialization are pushing the need for high-efficiency and precision motors, further driving the evolution of progressive die technology [11]. - Emerging fields such as aerospace and 5G communication are gradually releasing demand for specialized electric motor cores [12]. Group 3: Policy Analysis - The electric motor core progressive die industry is encouraged by national policies, with various supportive measures aimed at promoting high-value-added precision molds [18][19]. - Policies such as the "14th Five-Year Plan for Industrial Green Development" emphasize the development of high-level, high-quality, and efficient manufacturing systems [20]. - Local governments, such as Zhejiang Province, are focusing on breakthroughs in precision stamping die technology and strengthening intellectual property protection [6].

Core Viewpoint - Company stock price is influenced by multiple factors including market fluctuations, investor expectations, and sentiment, with management closely monitoring the situation [1] Summary by Relevant Sections - Stock Performance - Company stock has experienced a cumulative decline of 11.79% over the last 20 trading days from September 5, 2025, to October 10, 2025 [1] - Market Regulations - The stock price decline has not reached the threshold defined in the company's market value management system for significant short-term drops [1] - The stock price fluctuations do not meet the criteria for severe abnormal volatility as per the Shenzhen Stock Exchange trading rules, thus not triggering suspension conditions under the Growth Enterprise Market listing rules [1]

Group 1 - The company Tianqi Mould reported that as of September 30, 2025, the total number of shareholders is 126,858 [2] - The total number of institutional shareholders is 1,146 [2]