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].

Company Overview - Jiangyin Huaxin Precision Technology Co., Ltd. has been established since 2002, focusing on precision stamping in the production and sales of precision stamping cores and related molds [2] - The company has developed core competencies in various production processes, including glue dispensing, self-locking riveting, argon arc welding, and laser welding, with the ability to mass-produce ultra-thin silicon steel of 0.2mm [2] - Huaxin Precision has achieved breakthroughs in in-mold glue dispensing technology, with products applied in high-end clients' electric vehicle drive motors, significantly enhancing motor efficiency and stability [2] Market Position - The company has become a mainstream supplier of electric vehicle drive motor cores and micro-special motor cores, establishing stable partnerships with renowned companies such as BYD, Valeo, and Bosch [2] - The upcoming IPO aims to raise funds primarily for the expansion of electric vehicle drive motor core projects, precision stamping and mold R&D center projects, and to supplement working capital [3] Strategic Goals - The fundraising aligns with the strategic layout of the rapidly developing new energy vehicle industry, enhancing the company's core competitiveness and facilitating high-quality development [3] - The company emphasizes the importance of investor trust and support as a driving force for its progress, aiming to provide detailed insights into its operational status, development strategy, and future plans during the roadshow [3]

Core Viewpoint - The company expresses gratitude for investor participation and emphasizes its commitment to transparency and governance in the capital market [2] Group 1: Company Mission and Strategy - The company has a mission of "Empowering Precision, Creating the Future" and has built strong technical capabilities and customer resources in the precision stamping field over the past two decades [2] - The company aims to leverage its recent listing as an opportunity to enhance capacity expansion, research and development innovation, and market development [2] Group 2: Investor Relations and Communication - The company acknowledges the importance of maintaining ongoing communication with investors and encourages them to follow updates through the company’s official website and investor hotline [2] - The company is committed to adhering to legal regulations and maintaining transparent and efficient information disclosure to reward investor trust and support [2]

Core Viewpoint - The company aims to become a global leader in integrated precision stamping core solutions, focusing on innovation and quality manufacturing in the precision stamping field [1][8]. Business Overview - The company's main business is the research, production, and sales of precision stamping cores and related precision stamping molds [1]. - The company has established a subsidiary in Mexico as a key node for entering the North American market, specifically for producing cores for electric vehicle drive motors, with production expected to start in the second half of 2025 [2]. Financial Performance - The company's revenue and net profit have shown consistent growth, with revenues of 1.1919 billion, 1.1888 billion, and 1.4205 billion yuan for 2022, 2023, and 2024 respectively, and net profits of 113.73 million, 155.82 million, and 149.65 million yuan [4]. - The comprehensive gross profit margins were 16.89%, 21.86%, and 20.43% during the same period, indicating a strong performance in its main business [6]. Market Dynamics - The core drivers for the growth in revenue from electric vehicle drive motor cores are attributed to the industry's growth, with China's electric vehicle sales projected to increase from 6.887 million to 12.866 million units from 2022 to 2024, representing a compound annual growth rate of 36.68% [5]. - The company has established partnerships with major clients such as BYD, BMW, and ZF, enhancing its market presence and product competitiveness [5]. Competitive Advantages - The company possesses several competitive advantages, including technological superiority, customer relationships, scale advantages, and a comprehensive process capability [10][11]. - As of June 2025, the company holds 80 authorized patents and has developed core processes such as adhesive bonding and laser welding, enabling it to process ultra-thin silicon steel [11]. Future Development Strategy - The company's core development strategy for the next 3-5 years focuses on expanding the application of precision stamping cores and downstream processing businesses, aiming to become a global leader in integrated solutions [8]. - Future R&D investments will concentrate on core technology innovation, product and process development, and mold technology upgrades [12][13]. Industry Landscape - The precision stamping industry has seen significant growth, with many large automotive and electrical equipment manufacturers establishing production bases in China, leading to improved production processes and technology levels [15]. - The company has a strong competitive position in the industry, recognized for its comprehensive process capabilities and partnerships with leading manufacturers [16]. Investment and Funding - The company plans to use the funds raised from its IPO for projects including the expansion of electric vehicle drive motor core production, the establishment of a precision stamping and mold R&D center, and to supplement working capital [24]. - The investment is expected to enhance the company's production capacity and market share, ultimately improving its profitability and competitiveness [25][26].

IPO Review and Registration Progress - Three IPO applications were accepted last week, including Senhe High-Tech aiming for the Beijing Stock Exchange to raise 490 million yuan, Yisiwei targeting the Sci-Tech Innovation Board with a planned raise of 1.214 billion yuan, and Zhixin Co. applying for an IPO on the Shanghai Main Board with a target of 1.329 billion yuan [2][3] - Senhe High-Tech specializes in the R&D, production, and sales of environmentally friendly precious metal mining agents, with sales revenue from these agents accounting for over 95% of its main business income during the reporting period [2] - Yisiwei focuses on automotive manufacturing machine vision equipment, holding the largest market shares in China’s automotive manufacturing and complete vehicle manufacturing machine vision markets at 13.7% and 22.5% respectively [3] - Zhixin Co. develops and produces automotive welding parts and related molds, with over 70% of its revenue coming from its top five customers [3] Recent IPO Approvals and Upcoming Listings - Huaxin Precision passed its IPO review on June 6, focusing on precision stamping products, with a projected revenue of 1.421 billion yuan in 2024, a 19.49% increase year-on-year [4] - Three companies are set to undergo IPO reviews this week, including Sanxie Electric, which reported steady revenue growth from 287 million yuan in 2022 to 420 million yuan in 2024 [4][5] - United Power, a subsidiary of Huichuan Technology, achieved a revenue of 16.178 billion yuan in 2024, a 72.74% increase, with over 85% of its revenue derived from electric drive systems [5] - Daoshengtianhe, a wind power industry chain company, reported a revenue of 3.238 billion yuan in 2024, a slight increase of 1.13% [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, Zhongce Rubber and Youyou Green Energy, with the latter seeing a significant first-day increase of 68.64% [9][10] - This week, Jiao Da Tie Fa is scheduled to be listed on June 10, with a projected revenue of 335 million yuan in 2024 [10] - Two new stocks are set for subscription this week, including Huazhi Jie and New Henghui, with planned fundraising of approximately 486 million yuan and 519 million yuan respectively [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced plans to support high-quality unprofitable technology companies in going public, emphasizing the importance of information disclosure and market intermediary verification [12] - The China Listed Companies Association released guidelines for audit committees to enhance compliance and governance among listed companies [13]