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]

作为与华新精科携手多年的合作伙伴，我们见证了公司的稳健发展：其在技术研发上不断创新，掌握多 项核心生产工艺；在市场拓展方面，与宝马集团、采埃孚等众多国内外知名汽车零部件供应商、整车厂 建立了长期稳定的战略合作关系，形成了"技术领先—客户认可—规模增长"的良性发展循环，为公司未 来的持续增长构筑了坚实的护城河。 我们相信，此次华新精科登陆资本市场，将开启公司发展的新篇章。募集资金投资项目的实施，将助力 公司扩大生产规模、提升技术水平、增强研发能力，进一步巩固市场地位，提升行业影响力，实现新的 跨越发展。 尊敬的各位嘉宾、各位投资者： 大家好！ 非常荣幸能代表华泰联合证券，参与江阴华新精密科技股份有限公司首次公开发行股票并在主板上市的 网上路演活动。在此，我向出席今天路演的各位投资者和各界朋友，表示热烈的欢迎和衷心的感谢！ 华新精科自成立以来，始终专注精密冲压领域，在产品研发、精益生产及市场拓展全链条均取得了突破 性进展，构建了从精密模具设计到精密冲压铁芯量产的完整体系。公司坚持自主研发与创新，并依托对 行业发展趋势的深刻研判以及成熟的运营管理经验，在激烈的市场竞争中脱颖而出，不仅赢得了海内外 客户的高度认可，更 ...

大家好！ 欢迎大家参加江阴华新精密科技股份有限公司首次公开发行股票并在主板上市的网上路演。在此，我谨 代表华新精科董事会、管理层及全体员工，向长期以来关注和支持公司发展的各位投资者朋友表示热烈 的欢迎和诚挚的谢意。希望通过本次交流活动，能让大家对华新精科有更加深入的了解。 尊敬的各位投资者、各位网友： 华新精科自2002年成立以来，秉持诚信务实、团结拼搏、知行合一、创新求精的企业精神，深耕精密冲 压领域，专注精密冲压铁芯及相关模具的研发、生产与销售。经过二十余年的技术沉淀与创新，我们已 构建起坚实的核心竞争力：在技术层面，公司掌握了点胶、自扣铆、氩弧焊、激光焊接等各类铁芯的核 心生产工艺，具备使用0.2mm超薄硅钢批量生产的加工能力，尤其在模内点胶技术上实现了突破，相关 产品已应用于宝马集团、采埃孚等高端客户的新能源汽车驱动电机中，能显著提升电机的能效与稳定 性；在市场层面，我们已成为新能源汽车驱动电机铁芯、微特电机铁芯等产品的主流供应商，与比亚 迪、法雷奥、博世集团等国内外知名企业建立了稳定合作关系。 今天，我们带着对资本市场的敬畏与期待，开启首次公开发行股票并在主板上市的征程。本次发行募集 资金将主要用于 ...

今天的网上路演即将接近尾声，首先，我要再次感谢各位投资者朋友的热情参与和深入提问，也感谢保 荐机构华泰联合证券及所有中介机构的专业支持。 今天，投资者朋友与我们一起就华新精科的经营管理、战略规划、核心竞争优势等问题进行了深入交流 与探讨，我们强烈地感受到投资者对华新精科的关注与支持，以及对公司日后发展所寄予的希望，更加 深刻体会到作为一家公众公司所肩负的使命和责任。二十余年来，公司始终以"精科赋能，智造未来"的 使命，在精密冲压领域积累了深厚的技术实力和客户资源。未来，我们将以本次上市为契机，在产能扩 充、研发创新、市场开拓等方面持续发力，力争在精密冲压领域实现更大突破，为股东和社会创造更大 价值。 资本市场为公司发展提供了更广阔的舞台，也对公司治理提出了更高要求。我们将严格遵守法律法规， 规范公司运作，保持透明高效的信息披露，以优异的经营业绩回报各位投资者的信任与支持。 大家好！ 虽然今天的路演即将结束，但我们与投资者的沟通永不停歇。欢迎大家通过公司官网、投资者热线等渠 道持续关注我们的动态，期待与各位携手共进，共创华新精科的美好未来！谢谢大家！ 尊敬的各位投资者、各位网友： ...

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]

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]