华新精科在本次业绩说明会上介绍，根据中国电器工业协会于2024年8月出具的《关于江阴华新精密科 技股份有限公司市场地位的证明》，2021年至2023年，华新精科在精密冲压铁芯领域内资企业中销售额 整体排名前五；在其中的汽车铁芯领域内资企业中销售额整体排名前三；用于新能源汽车驱动电机的铁 芯产品2021年至2023年销售总额超14亿元，在内资企业中销售额整体排名前二。根据江苏省机械行业协 会出具的《证明》，2021年至2023年1—6月，按套数计算，公司新能源汽车驱动电机铁芯国内细分市场 排名均为前三名。 华新精科（603370）11月20日举办2025年第三季度业绩说明会，公司管理层就公司经营业绩、发展战略 等情况与投资者进行交流。 华新精科专注于精密冲压领域产品的研发、生产和销售。公司主要产品为各类精密冲压铁芯及铁芯生产 相关的精密冲压模具。其中，精密冲压铁芯是公司的主要产品，可分为新能源汽车驱动电机铁芯、微特 电机铁芯、电气设备铁芯、点火线圈铁芯等多种类型，主要供应给国内外众多大型汽车零部件厂商、电 机制造厂商、电气设备制造厂商、汽车整车厂等各类企业；同时，公司还会向客户提供生产铁芯产品所 需的精密冲压模 ...

Core Viewpoint - Huanxin Precision Technology Co., Ltd. experienced a slight decline in stock price on November 5, with a trading volume of 53.97 million yuan, indicating a mixed sentiment in the market [1] Financing Summary - On November 5, the company had a financing buy-in amount of 3.98 million yuan and a financing repayment of 6.77 million yuan, resulting in a net financing outflow of 2.79 million yuan [1] - As of November 5, the total balance of margin trading for Huanxin Precision was 98.55 million yuan, which accounts for 5.79% of its circulating market value [1] - There were no shares sold or repaid in the securities lending segment on the same day, with a total securities lending balance of 0 [1] Business Performance Summary - As of September 30, the number of shareholders for Huanxin Precision was 33,900, a decrease of 45.70% compared to the previous period [2] - The average number of circulating shares per shareholder increased by 84.17% to 1,012 shares [2] - For the period from January to September 2025, the company achieved an operating revenue of 1.165 billion yuan, representing a year-on-year growth of 18.04% [2] - The net profit attributable to the parent company was 136 million yuan, reflecting a year-on-year increase of 22.00% [2] Company Overview - Huanxin Precision Technology Co., Ltd. is located in Jiangyin City, Jiangsu Province, and was established on August 19, 2002, with its listing date set for September 5, 2025 [1] - The company's main business involves the research, development, production, and sales of precision stamping products, with the revenue composition being 87.94% from precision stamping iron cores, 9.70% from other products, and 2.37% from precision stamping molds [1]

Core Insights - On October 20, Huaxin Precision Technology Co., Ltd. experienced a stock price increase of 0.49% with a trading volume of 86.87 million yuan [1] - The company reported a net financing outflow of 560.52 thousand yuan on the same day, with a total financing balance of 1.05 billion yuan, representing 6.26% of its market capitalization [1] - As of September 5, the number of shareholders increased significantly by 519,441.67%, with an average of 549 circulating shares per shareholder [2] Financial Performance - For the first half of 2025, Huaxin Precision achieved a revenue of 752 million yuan, reflecting a year-on-year growth of 19.40% [2] - The net profit attributable to the parent company for the same period was 98.35 million yuan, showing a year-on-year increase of 13.52% [2] Company Overview - Huaxin Precision, established on August 19, 2002, is located in Jiangyin City, Jiangsu Province, and specializes in the research, production, and sales of precision stamping products [1] - The company's main revenue sources include precision stamping cores (87.94%), other products (9.70%), and precision stamping molds (2.37%) [1]

Group 1 - The core point of the news is that Huaxin Precision Technology experienced a decline in stock price and trading volume on October 15, with a net financing outflow [1] - On October 15, Huaxin Precision Technology's stock fell by 1.53%, with a trading volume of 151 million yuan [1] - The company had a financing buy amount of 10.28 million yuan and a financing repayment of 11.74 million yuan on the same day, resulting in a net financing buy of -1.46 million yuan [1] Group 2 - As of October 15, the total margin balance for Huaxin Precision Technology was 112 million yuan, accounting for 6.46% of its circulating market value [1] - The company has no short selling activity on October 15, with zero shares sold or repaid [1] - Huaxin Precision Technology, established on August 19, 2002, specializes in the research, production, and sales of precision stamping products, with 87.94% of its revenue coming from precision stamping cores [1] Group 3 - As of September 5, the number of shareholders for Huaxin Precision Technology reached 62,300, an increase of 519,441.67% compared to the previous period [2] - For the first half of 2025, the company reported a revenue of 752 million yuan, representing a year-on-year growth of 19.40% [2] - The net profit attributable to the parent company for the same period was 98.35 million yuan, showing a year-on-year increase of 13.52% [2]

Group 1 - The core point of the news is that Huaxin Precision Technology experienced a decline in stock price and trading volume on October 13, with a net financing outflow [1] - On October 13, Huaxin Precision Technology's stock fell by 1.97%, with a trading volume of 161 million yuan [1] - The financing data shows that on the same day, the company had a financing buy amount of 11.58 million yuan and a financing repayment of 11.88 million yuan, resulting in a net financing outflow of 300,600 yuan [1] Group 2 - As of October 13, the total margin balance for Huaxin Precision Technology was 113 million yuan, accounting for 6.30% of its market capitalization [1] - The company has no short selling activity on October 13, with zero shares sold or repaid [1] - Huaxin Precision Technology, established on August 19, 2002, specializes in the research, production, and sales of precision stamping products, with 87.94% of its revenue coming from precision stamping cores [1] Group 3 - As of September 5, the number of shareholders for Huaxin Precision Technology reached 62,300, an increase of 519,441.67% compared to the previous period [2] - For the first half of 2025, the company reported a revenue of 752 million yuan, representing a year-on-year growth of 19.40% [2] - The net profit attributable to the parent company for the same period was 98.35 million yuan, showing a year-on-year increase of 13.52% [2]

Core Insights - On September 30, Huaxin Precision Technology Co., Ltd. experienced a stock decline of 0.68% with a trading volume of 162 million yuan [1] - The company reported a financing buy amount of 14.56 million yuan and a financing repayment of 20.19 million yuan, resulting in a net financing outflow of 5.64 million yuan on the same day [1] - As of September 30, the total margin balance for Huaxin Precision was 117 million yuan, representing 6.52% of its market capitalization [1][2] Financing Summary - On September 30, Huaxin Precision had a financing buy of 14.56 million yuan, with a current financing balance of 117 million yuan [1] - The margin trading data indicated no short selling activity, with zero shares sold or repaid on that day [1] Company Overview - Huaxin Precision Technology Co., Ltd. is located in Jiangyin City, Jiangsu Province, and was established on August 19, 2002, with its listing date set for September 5, 2025 [1] - The company's main business involves the research, production, and sales of precision stamping products, with revenue composition as follows: 87.94% from precision stamping cores, 9.70% from other products, and 2.37% from precision stamping molds [1] Shareholder Information - As of September 5, the number of shareholders for Huaxin Precision reached 62,300, marking an increase of 519,441.67% compared to the previous period [2] - The average number of circulating shares per shareholder was 549, showing no change from the previous period [2] Financial Performance - For the first half of 2025, Huaxin Precision reported a revenue of 752 million yuan, reflecting a year-on-year growth of 19.40% [2] - The net profit attributable to the parent company was 98.35 million yuan, representing a year-on-year increase of 13.52% [2]

Group 1: High-end Manufacturing Industry - In August, domestic sales of engineering machinery showed resilience during the off-season, with significant recovery in non-excavator categories and strong export performance [2] - The report recommends key manufacturers such as SANY Heavy Industry, Zoomlion, XCMG, LiuGong, Shantui, and China Longgong, as well as component manufacturers like Hengli Hydraulic [2] Group 2: Real Estate Market - Continuous policy benefits in major cities like Beijing and Shanghai have led to increased new home transactions, with Shanghai's new home transaction volume rising by 62.5% post-policy implementation [3][4] - The top three new home transaction amounts in Shanghai from January to August 2025 were recorded by Poly Developments, China Merchants Shekou, and China Resources Land [3] Group 3: Steel Industry - Xianglou New Materials, a leading company in precision stamping, is expected to benefit from the rising demand for precision steel in high-end manufacturing sectors such as automotive and bearings [5] - The company is also expanding into materials for humanoid robot components, with projected net profits of 239 million, 280 million, and 336 million yuan for 2025-2027 [5] Group 4: Construction Industry - Zhongfu Shenying has shown significant improvement in profitability, achieving its first profit in a year during Q2 2025, driven by stable product prices and increased sales [6] - The net profit forecasts for Zhongfu Shenying have been adjusted to 125 million yuan for 2025, 157 million yuan for 2026, and a new estimate of 215 million yuan for 2027 [6]

Core Viewpoint - The company plans to acquire a controlling stake in Guangzhou Uni Precision Co., Ltd, which will enhance its strategic synergy and core competitiveness in the precision stamping business [1] Group 1: Acquisition Details - The acquisition will result in the company holding a controlling interest in Uni Precision, making it a subsidiary [1] - The transaction is not yet formalized, and the framework agreement will not significantly impact the company's performance until a formal agreement is signed and executed [1] Group 2: Strategic Benefits - The acquisition is expected to leverage Uni Precision's established stamping technology, management experience, and quality customer resources [1] - It will facilitate the expansion of the company's customer base and market share in the precision stamping sector [1] - The company aims to enhance asset operational efficiency and market responsiveness through resource integration and empowerment of Uni Precision, particularly in serving customers in the South China region [1]

Core Viewpoint - The stock of Huaxin Jingke (603370) has experienced significant volatility post-IPO, with a sharp decline in price after an initial surge, leading to substantial losses for retail investors [1][3][5]. Company Overview - Huaxin Jingke specializes in the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [3]. - The company serves notable clients including Valeo, Delta Electronics, Bosch Group, BYD, and BMW, indicating a strong market presence [3]. Financial Performance - From 2022 to 2024, Huaxin Jingke's revenue is projected to grow from 1.192 billion to 1.421 billion yuan, reflecting a compound annual growth rate (CAGR) of 9.2% [3]. - Net profit is expected to increase from 114 million to 150 million yuan during the same period, with a CAGR of 14.7% [3]. - 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% [3]. IPO and Market Reaction - Huaxin Jingke's IPO was sponsored by Huatai United Securities, which played a crucial role in ensuring accurate information disclosure and promoting the company [5]. - On the first trading day, the stock opened at 65 yuan, peaked at 77.30 yuan, but closed at 69.30 yuan, leading to initial investor excitement [5]. - However, the stock price fell continuously over the next five trading days, leading to significant losses for investors [5][10]. Investor Sentiment - Retail investors expressed frustration over the stock's performance, with some feeling that the IPO was more about raising capital than supporting company growth [10]. - One investor reported purchasing shares at an average price of 60.39 yuan, only to face a loss of 18,000 yuan as the stock price continued to decline [7][10].

Group 1 - Core viewpoint: Huaxin Precision Technology successfully listed on the Shanghai Stock Exchange, raising 814 million yuan through the issuance of 43.73 million shares at a price of 18.6 yuan per share, with a closing price of 69.30 yuan per share, reflecting a rise of over 272.58% and a market capitalization exceeding 12.1 billion yuan [1] - The company is the third A-share listed company in Wuxi this year, contributing to a total of 125 A-share listed companies in Wuxi, ranking seventh nationwide [1] - Huaxin Precision Technology specializes in precision stamping, with its main products being precision stamping cores, including those for new energy vehicle drive motors, micro motors, electrical equipment, and ignition coils, holding 80 authorized patents [1] Group 2 - The company has established long-term stable partnerships with numerous well-known domestic and international automotive parts manufacturers and electric equipment manufacturers, including Valeo, Delta Electronics, Bosch Group, and BYD [2] - In 2024, the company achieved operating revenue of 1.421 billion yuan and a net profit of 150 million yuan [3] - The company aims to focus on "precision manufacturing" and new energy vehicle core components, increasing investment in technology research and development, and deepening global customer cooperation to become a leading provider of precision stamping and core component solutions [3]