Core Viewpoint - The aluminum leakage issue poses a significant risk in the aluminum manufacturing industry, particularly in high-temperature casting processes, which can lead to explosions and severe production losses [1] Group 1: Company Overview - Guangdong Haomei New Materials Co., Ltd. is a leading aluminum profile manufacturer in China, producing over 270,000 tons of aluminum profiles annually, including automotive lightweight materials, construction aluminum profiles, industrial aluminum profiles, and high-performance system doors and windows [1] - The company faces major risks in its casting workshop, where aluminum leakage is a critical safety concern [1] Group 2: Risk Management Solutions - After a thorough investigation, Ping An Property & Casualty Insurance identified personnel management and equipment monitoring as key safety control measures to mitigate the risk of aluminum leakage and potential explosions [2] - Ping An developed a customized risk reduction solution using AI and IoT technology, which includes real-time monitoring of employee presence and temperature anomalies to prevent unsafe operations [2] Group 3: Impact of Risk Reduction Measures - Since the implementation of the risk reduction solution, there have been 7 risk alerts issued, with an estimated loss reduction of 2.1 million yuan [3] - The insurance risk reduction service is seen as an effective strategy for enhancing safety in the manufacturing sector, which comprises approximately 1.65 million enterprises in Guangdong [3] - Ping An's "Eagle Eye System DRS3.0" has issued over 10.55 billion disaster warning messages in 2024, covering 67.34 million individuals and businesses, thereby improving public safety management [3]

4月24日，江苏江顺精密科技集团股份有限公司（股票代码：001400，简称"江顺科技"）正式登陆深交所主板。上市首日 收盘江顺科技报66.70元/股，涨幅达78.53%，总市值达到40.02亿元，展现出资本市场对铝加工细分领域龙头的价值认 可。 作为国内铝型材挤压模具及配套设备领域的领军企业，江顺科技凭借"模具+设备"的双轮驱动模式，构建起具备显著协同 效应的一站式配套服务体系，深度绑定华建铝业、栋梁铝业等头部厂商。在国家"以铝代钢""以铝节木"等产业政策推动 下，公司有望持续受益于轻量化材料替代浪潮，成长空间值得期待。 铝型材配套领域领先者，协同效应突出带动业绩稳增 江顺科技聚焦铝型材制造行业，主要从事铝型材挤压模具及配套产品的研发、生产和销售。公司成立于2001年，早期产 品主要以铝型材挤压模具为主。 财务数据也印证了协同效应成效，2022-2024年，江顺科技营业收入从89,242.58万元稳步增长至113,647.63万元，同期扣 非归母净利润由13,727.37万元提升至14,627.20万元，整体呈现稳健增长态势。 自主研发构筑技术壁垒，产品结构优化强化盈利能力 江顺科技面向铝加工行业，产品深度服 ...

Core Viewpoint - Jiangshun Technology (001400.SZ) has initiated its subscription with an issue price of 37.36 yuan per share and a price-to-earnings ratio of 15.32 times, focusing on the production and sales of aluminum profile extrusion molds and related equipment [1] Company Overview - Jiangshun Technology specializes in the research, design, production, and sales of aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [1] - The company's main products are critical components for downstream aluminum profile extrusion production, which has extensive applications in various fields such as construction decoration, transportation, new energy, automotive lightweighting, electronic information, and aerospace [1] Industry Insights - According to the National Bureau of Statistics, China's aluminum profile production has shown a steady increase from 45.55 million tons in 2018 to an estimated 67.83 million tons in 2024, indicating a growing industry scale [1] - The demand for aluminum profiles is being driven by trends such as "using aluminum instead of steel" and "using aluminum to save wood," particularly in emerging sectors like photovoltaics, rail transportation, and new energy vehicles [1] Partnerships - The company has established long-term and stable partnerships with well-known domestic aluminum profile manufacturers such as Huajian Aluminum, Dongliang Aluminum, and Xinpai Co., as well as international companies like WISPECO [2] Fundraising and Financial Projections - The company plans to invest the raised funds in several projects, including the expansion of precision molds for aluminum profiles (20.09 million yuan), the construction of aluminum extrusion equipment production lines (23.46 million yuan), and supplementing working capital (12.5 million yuan), totaling 56.05 million yuan [3] - Financial projections indicate that the company expects revenues of approximately 892 million yuan, 1.043 billion yuan, and 1.136 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of about 139 million yuan, 146 million yuan, and 155 million yuan [3] Financial Metrics - As of the end of 2023, the company's asset-liability ratio was reported at 56.75%, significantly higher than the industry average of 32.44% [4][5] - The company's overseas sales revenue as a percentage of total revenue has increased from 15.89% in 2022 to 25.43% in 2024, primarily settled in USD and EUR [5]