Group 1 - The Shanghai Stock Exchange's listing review committee approved the initial public offering (IPO) application of Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) on June 6, 2025 [2] - Huaxin Precision plans to publicly issue no more than 43.7375 million shares, accounting for no less than 25% of the total share capital after issuance [4] - The IPO aims to raise 720 million yuan, which will be used for the expansion of new energy vehicle drive motor core projects, precision stamping and mold R&D center projects, and to supplement working capital [4] Group 2 - Huaxin Precision was established on August 19, 2002, and is located in Jiangyin City, focusing on the R&D, production, and sales of precision stamping products, primarily precision stamping cores and related molds [5] - The main products include various types of precision stamping cores, such as those for new energy vehicle drive motors, micro motors, electrical equipment, and ignition coils [5] Group 3 - In the fiscal years 2022, 2023, and 2024, Huaxin Precision's operating revenues were 1.192 billion yuan, 1.189 billion yuan, and 1.421 billion yuan, respectively, while net profits attributable to the parent company were 114 million yuan, 156 million yuan, and 153 million yuan [9] - The comprehensive gross profit margins for the same periods were 16.89%, 21.86%, and 20.43%, with weighted average return on equity at 17.75%, 19.37%, and 15.92% [9] Group 4 - As of the end of 2024, Huaxin Precision's total assets amounted to 1.837 billion yuan, with equity attributable to shareholders of the parent company at 1.040 billion yuan [10] - The company's asset-liability ratio was 40.67% at the end of 2024, down from 40.92% in 2023 and 45.74% in 2022 [10] Group 5 - The actual controllers of Huaxin Precision are Guo Zhengping, Guo Yunrong, and Guo Wanrong, who collectively control 68.97% of the company's shares through their investment firm [11][13] - Guo Zhengping, born in 1957, serves as the chairman, while Guo Yunrong and Guo Wanrong hold positions as board members and executives [13]

Summary of Key Points Core Viewpoint - This week, one new stock will be available for subscription, following a significant increase in the stock market last week, where a new stock surged by 165% on its debut [2][3]. New Stock Subscription - One new stock, "新恒汇" (Xinhenghui), will be available for subscription on June 3, with a total issuance of approximately 5,988.89 million shares and an online issuance of about 1,437.3 million shares [3]. - The stock has a subscription limit of 1.40 million shares, and the top subscription requires a market value of 14 million yuan [3]. Recent Market Performance - Last week, the A-share market welcomed a new member, "古麒绒材" (Guqi Ruan Cai), which debuted on May 29, 2025, at an issuance price of 12.08 yuan and closed at 27.02 yuan, marking a first-day increase of 164.9% [4]. - The company specializes in high-specification down materials, primarily producing goose and duck down for use in clothing and bedding [4]. IPO and Financial Performance - This week, one company, 华新精科 (Huaxin Jingke), is undergoing IPO review, having submitted its application on March 3, 2023, and is sponsored by Huatai United Securities [5]. - In 2024, 华新精科 reported revenue of 1.421 billion yuan and a net profit of 153 million yuan [5]. - The company has significant revenue contributions from its projects with BMW, with income from this partnership accounting for 0.93%, 26.83%, and 25.33% of total revenue in different reporting periods [6]. IPO Guidance and Trends - There has been a 200% increase in IPO guidance filings, with three new companies added to the list [7][8].