Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) successfully listed on the Shanghai Stock Exchange, marking a significant milestone in its development and reflecting the growing competitiveness of Chinese precision manufacturing in the global new energy industry chain [1][3]. Company Overview - Huaxin Precision has over 20 years of experience in the precision stamping field and is recognized as a national "specialized, refined, and innovative" small giant, being the only domestic supplier of drive motor iron cores for BMW and one of only two globally [3][4]. - The company has achieved over twofold revenue growth in its new energy drive motor business over three years, benefiting from the national "dual carbon" goals and policies supporting the new energy vehicle industry [3][4]. Business Development Stages - **Stage 1 (2002-2009)**: Established as Jiangyin Huaxin Electric Co., Ltd., focusing on electromagnetic stamping parts, primarily producing electrical equipment iron cores [4]. - **Stage 2 (2009-2018)**: Expanded product offerings to include automotive iron cores, achieving breakthroughs in new energy vehicle drive motor iron cores, and established a production management system aligned with international standards [5]. - **Stage 3 (2018-Present)**: Rapid growth in new energy vehicle drive motor iron cores, becoming a mainstream supplier and recognized by major automotive and electrical equipment manufacturers [6]. Financial Performance - From 2021 to 2024, revenue from new energy vehicle drive motor iron cores is projected to grow from 235 million yuan to 828 million yuan, with a compound annual growth rate (CAGR) of 52.1% [6][7]. - Overall revenue increased from 1.192 billion yuan in 2022 to 1.421 billion yuan in 2024, with a CAGR of 9.2%, while net profit rose from 114 million yuan to 150 million yuan, reflecting a CAGR of 14.7% [7]. Technological Advancements - The company has developed proprietary technologies such as "in-mold gluing" and has a production capacity for ultra-thin silicon steel, with an annual capacity of 60,200 tons for new energy vehicle drive motor iron cores [8]. - Huaxin Precision holds 80 authorized patents, including 18 invention patents, and has established a strong reputation in the industry [7][8]. IPO and Future Plans - The IPO aims to raise funds for expanding production capacity for new energy vehicle drive motor iron cores, developing a precision stamping and mold R&D center, and supplementing working capital [9][10]. - The company plans to invest 445 million yuan in expanding production capacity, targeting an annual output of 1 million high-end drive motor rotor iron cores [10]. - The global market for automotive drive motor iron cores is expected to reach $4.678 billion by 2030, with a CAGR of approximately 11.85% [9]. Global Expansion - Huaxin Precision has established subsidiaries in Singapore and Mexico, aiming to enhance its global supply chain integration and deepen cooperation with international clients like BMW and ZF [11].

Group 1 - The core viewpoint of the article highlights the significant stock performance of N Huaxin (603370) on its debut, with an opening increase of 249.46% and a midday increase of 303.49% [1][2] - The company specializes in the research, production, and sales of precision stamped iron cores and related precision stamping molds [2] - The total number of shares issued by the company is 43.73 million, with an online issuance of 27.99 million shares at a price of 18.60 yuan per share, resulting in a price-to-earnings ratio of 21.68, which is slightly below the industry average of 21.80 [2] Group 2 - The company raised a total of 814 million yuan through its initial public offering, with the funds primarily allocated to projects such as the expansion of iron cores for electric vehicle drive motors, working capital, and the establishment of a precision stamping and mold research center [2] - The final online subscription rate for the issuance was 0.02555726% [2] - The midday trading volume reached 23.05 million shares, with a turnover of 1.635 billion yuan and a turnover rate of 67.25% [1][2]

Core Viewpoint - Huaxin Precision Technology, a leading company in precision stamping iron cores, officially listed on September 5, experiencing a significant opening increase of 249.46% [2] Company Overview - Huaxin Precision Technology focuses on the research, production, and sales of precision stamping products, primarily various types of precision stamping iron cores and related molds [2] - The main products include iron cores for electric vehicle drive motors, micro-special motors, electrical equipment, and ignition coils, supplying numerous large automotive parts manufacturers and electric equipment manufacturers both domestically and internationally [2] - The company has accumulated extensive experience and technical reserves in the precision stamping business, mastering core production processes such as gluing, self-locking riveting, argon arc welding, and laser welding [2] Market Position - Huaxin Precision Technology ranks among the top five domestic manufacturers in terms of sales in the global and Chinese precision stamping iron core markets from 2021 to 2023 [3] - The global and Chinese automotive iron core markets exhibit a certain level of concentration, with leading companies holding significant market shares due to technological innovation, economies of scale, and brand influence [3] - The company has maintained stable operating performance with a growth trend, achieving operating revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for the years 2022 to 2024, respectively [3] Financial Projections - The company forecasts a revenue growth of 13.74% to 25.71% and a net profit growth of 16.03% to 41.81% for the first nine months of 2025 compared to the same period last year [3] Fundraising and Investment Plans - The funds raised from the listing will primarily be used for the expansion of electric vehicle drive motor iron core projects, the establishment of a precision stamping and mold R&D center, and to supplement working capital [4] - The planned investment amounts include 445 million yuan for the electric vehicle drive motor iron core expansion project, 67.4033 million yuan for the R&D center, and 200 million yuan for working capital [4]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) is set to go public on the Shanghai Stock Exchange, marking a significant milestone for the company and reflecting the growing competitiveness of Chinese precision manufacturing in the global new energy industry [1] Company Development Stages - **Stage 1 (2002-2009)**: The company was established as Jiangyin Huaxin Electric Co., Ltd., focusing on electromagnetic stamping parts, primarily producing EI cores for electrical equipment and expanding into micro-motor cores for home appliances [2] - **Stage 2 (2009-2018)**: The company diversified its product offerings to include automotive cores and made significant breakthroughs in the new energy vehicle (NEV) drive motor core market, establishing relationships with major international automotive parts manufacturers [3] - **Stage 3 (2018-Present)**: Huaxin Precision has become a mainstream supplier of NEV drive motor cores, achieving substantial growth in this segment, with sales of NEV drive motor cores increasing from 235 million yuan to 828 million yuan from 2021 to 2024, reflecting a compound annual growth rate (CAGR) of 52.1% [4] Financial Performance - The company's revenue is projected to grow from 1.192 billion yuan in 2022 to 1.421 billion yuan in 2024, with a CAGR of 9.2%, while net profit is expected to rise from 114 million yuan to 150 million yuan during the same period, with a CAGR of 14.7% [5] - 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% year-on-year, indicating strong growth momentum [5] Technological Advancements - The company has developed 80 authorized patents, including 18 invention patents, and has established a product system covering various types of cores for NEV drive motors, micro-motors, and electrical equipment [5] - Huaxin Precision's proprietary "in-mold gluing technology" enhances the rigidity, electromagnetic performance, and efficiency of cores, successfully applied in BMW's fifth-generation drive motor production [6] Market Position and Strategy - The company holds a market share of approximately 8.12% in the global NEV drive motor core market and ranks among the top three domestic automotive parts manufacturers [6] - The upcoming IPO aims to raise funds for expanding production capacity and enhancing R&D capabilities, with 445 million yuan allocated for NEV drive motor core expansion and 67 million yuan for a precision stamping and mold R&D center [7][8] Global Expansion and Future Outlook - The company has established subsidiaries in Singapore and Mexico, aiming to deepen cooperation with international clients and enhance its global market share [9] - The global NEV sales are projected to grow from 6.7 million units in 2021 to 18.236 million units in 2024, with the drive motor core market expected to reach $4.678 billion by 2030, growing at a CAGR of approximately 11.85% [7][8]

本次公开发行前，公司控股股东为苏盛投资，其直接持有公司55.78%的股权，并通过全资子公司 德诚钢铁和全资孙公司子泰机械分别间接持有公司0.79%和3.80%的股权，直接或间接合计持有公司 60.37%的股权。德诚钢铁、子泰机械为控股股东苏盛投资的一致行动人。 公司的共同实际控制人为郭正平、郭云蓉、郭婉蓉，郭云蓉和郭婉蓉为郭正平的女儿。本次公开发 行前，前述共同实际控制人共持有控股股东苏盛投资100%的股权，并通过苏盛投资间接持有公司 55.78%的股权，通过苏盛投资全资子公司德诚钢铁和全资孙公司子泰机械分别持有公司0.79%和3.80% 的股权。此外，郭婉蓉为无锡互创和无锡鸿通的执行事务合伙人，通过无锡互创、无锡鸿通分别控制公 司7.86%和0.74%的股权。三人合计间接控制公司68.97%的股权，故公司实际控制人为郭正平、郭云 蓉、郭婉蓉。 本次发行募集资金总额81,351.75万元，募集资金净额为72,718.96万元，拟用于新能源车用驱动电机 铁芯扩建项目、精密冲压及模具研发中心项目和补充流动资金项目。 （责任编辑：蔡情） 中国经济网北京9月5日讯 今日，华新精科（603370）在上交所上市。 上交所 ...

Market Overview - On September 4, 2025, A-shares experienced a collective decline, with the Shanghai Composite Index falling by 1.25%, the Shenzhen Component Index down by 2.83%, and the ChiNext Index dropping by 4.25%. The total trading volume in the Shanghai and Shenzhen markets was approximately 25,442.57 billion yuan, an increase of about 1,801.71 billion yuan compared to the previous trading day [1] - Hong Kong stocks also saw a downturn, with the Hang Seng Index closing down by 1.12% at 25,058.51 points, while the Hang Seng Tech Index fell by 1.85% to 5,578.86 points. The total trading volume was 3,022.33 billion HKD [1] - In contrast, U.S. stocks rose, with the S&P 500 Index closing at a record high of 6,502.08 points, up by 0.83%. The Dow Jones Index increased by 0.77% to 45,621.29 points, and the Nasdaq Composite Index rose by 0.98% to 21,707.69 points [1] New Stock Listing - A new stock, Huaxin Jingke (stock code 603370), was listed today at an issuance price of 18.6 yuan per share, with a price-to-earnings ratio of 21.68 times. The company focuses on the research, production, and sales of precision stamping products, primarily supplying precision stamping cores and related molds to various large manufacturers in the automotive and electrical sectors [2] Industry News - The State Council issued an opinion on September 4, 2025, aimed at enhancing the sports industry by expanding the number of large-scale sports enterprises. The initiative includes supporting private enterprises in sports investment, promoting the upgrade of public sports venues, and encouraging the transformation towards green, low-carbon, and intelligent operations [3][4] - Agricultural Bank of China saw a significant increase in its market capitalization, surpassing Industrial and Commercial Bank of China for the first time, with a total market value of 2.55 trillion yuan, marking an increase of 721.9 billion yuan this year, the largest growth in the A-share market [3]

Core Viewpoint - The company, Huaxin Precision, is set to go public on September 5, marking its transition from a regional player to an industry benchmark, driven by a strong focus on technology and innovation in the precision stamping sector [2][3]. Group 1: Company Development and Strategy - Huaxin Precision started as a small factory in Jiangyin, focusing on electrical equipment cores and micro-motor cores, which laid a solid foundation for future growth [2]. - The year 2016 was pivotal for the company as it began developing samples for Siemens' electric vehicle drive motors, leading to its entry into the core components market for new energy vehicles [3]. - The company has emphasized independent research and development since 2014, which has shaped its core philosophy of "technology-driven enterprise" [3]. Group 2: Technological Advancements - Huaxin Precision has developed ultra-thin silicon steel materials, reducing thickness from 0.5mm to 0.2mm, aligning with the industry's demand for smaller and more efficient motors [4]. - The company has become one of the few capable of mass-producing 0.2mm ultra-thin silicon steel, thanks to its advanced production techniques and experience [4]. - Ongoing R&D efforts aim to push the boundaries further, with plans to develop 0.15mm and 0.1mm ultra-thin silicon steel processing technologies [5]. Group 3: Production Capacity and Market Position - The upcoming IPO will fund the expansion of production capacity for high-end drive motor cores, with an expected annual output of 1 million sets [6]. - The company has already released significant production capacity in the past year and is prepared to meet current project demands with the new funding [6]. - By the end of 2024, the projected demand from major clients for Huaxin Precision's products is estimated at 10.182 billion yuan, indicating strong future growth potential [6]. Group 4: International Expansion and Future Outlook - The company has established a presence in Mexico, with plans for mass production this year, and expects overseas sales to account for approximately 27% of total revenue by 2024 [7]. - Huaxin Precision's strategic focus includes refining its core precision stamping business while integrating upstream and downstream operations within the industry [7].

Group 1 - The company, Huaxin Jingke, has initiated a public offering with a total issuance of 43.73 million shares, including 13.996 million shares for online subscription at a price of 18.60 yuan per share, with an issuance price-to-earnings ratio of 21.68 times [1][3] - The maximum subscription limit for a single account is set at 13,500 shares, with subscriptions required to be in multiples of 500 shares [1][3] - The funds raised will be allocated to projects including the expansion of the drive motor core for new energy vehicles (444.58 million yuan), supplementing working capital (200 million yuan), and the precision stamping and mold research and development center (67.4033 million yuan) [3] Group 2 - The company specializes in the research, development, production, and sales of products in the precision stamping field [2] - Key financial indicators for the company show total assets of 18.37 billion yuan in 2024, an increase from 14.91 billion yuan in 2023 and 13.30 billion yuan in 2022 [4] - The company's net profit for 2024 is reported at 1.53 billion yuan, slightly down from 1.56 billion yuan in 2023, while the basic earnings per share is 1.17 yuan [4]

Core Viewpoint - Huaxin Precision Science plans to raise 712 million yuan through its IPO, focusing on expanding production capacity for electric vehicle drive motor cores and enhancing R&D capabilities in precision stamping and molds [3] Group 1: IPO Details - The company will issue 43.7375 million shares, accounting for 25% of the total share capital post-issuance, at a price of 18.60 yuan per share, with the issuance date set for August 25 [1] - Initial strategic placement will involve 8.7475 million shares, representing 20% of the total issuance, with a subsequent allocation mechanism for online and offline subscriptions [1] Group 2: Market Position and Financial Performance - Huaxin Precision ranks among the top five domestic manufacturers in the global and Chinese precision stamping core market from 2021 to 2023, with significant market shares in the automotive sector [2] - The company achieved revenues of 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan for the years 2022 to 2024, with net profits of 114 million yuan, 156 million yuan, and 153 million yuan respectively [2] - Preliminary forecasts indicate a revenue growth of 13.74% to 25.71% and a net profit increase of 16.03% to 41.81% for the first nine months of 2025 compared to the same period in the previous year [2] Group 3: Use of Proceeds - The funds raised will primarily support the expansion of electric vehicle drive motor core production and the establishment of a precision stamping and mold R&D center, aimed at enhancing production efficiency and reducing costs [3] - The IPO will improve the company's capital structure and provide opportunities for financing and mergers to strengthen its core business and competitive position in the market [3]

Core Viewpoint - The successful IPO of Jiangyin Huaxin Precision Technology Co., Ltd. marks a significant milestone for the company, enabling it to expand production capacity, enhance technological capabilities, and strengthen its market position [2][3]. Company Overview - Jiangyin Huaxin Precision Technology has focused on the precision stamping sector since its establishment, achieving breakthroughs in product development, lean production, and market expansion [2]. - The company has built a complete system from precision mold design to mass production of precision stamping cores, emphasizing independent research and innovation [2]. - Huaxin Precision has established long-term strategic partnerships with renowned automotive suppliers and manufacturers, such as BMW Group and ZF, creating a virtuous cycle of "technological leadership - customer recognition - scale growth" [2]. Market Position and Future Prospects - The company is poised for continued growth, supported by its strong R&D capabilities and established market presence, which have garnered high recognition from both domestic and international clients [2]. - The funds raised from the IPO will be utilized to further enhance production scale, improve technology levels, and boost R&D capabilities, thereby consolidating its market position and increasing industry influence [3]. Commitment to Investors - The underwriting institution, Huatai United Securities, emphasizes its commitment to integrity and diligence throughout the sponsorship process, ensuring comprehensive checks on the company's business, financials, and compliance [3]. - The company aims to leverage the power of the capital market for sustainable and steady development, ultimately delivering substantial returns to investors and creating greater value for society [4].