1月6日新股申购（共2只 | 至信股份(沪市主板, 60 | | --- | | 申购代码 | 732352 | | --- | --- | | 发行价格 | 21.88元 顶格 | | 总市值 | 37.20亿 | | 发行市盈率 | 26.85 行业 | | 同业可比公司 | 无锡振华 同业公司 | | | 华达科技 动态市盈率 | | | 多利科技 | | | 冲焊零部件: 94.28%（2025H1） ; | | 主营构成 | 冲压模具: 4.94%（2025H1）; | | | 机器人工作站及集成：0.78%（2025H1） | | | 1、公司是我国西南地区生产规模较大、综合竞争 | | O | | | 业务及亮点 | 2、公司是长女汽车、吉利汽车、比亚迪、尉米汽 | | --- | --- | | - | 商的一级供应商,核心产品国内市场占有率居行 | | | 3、建有完整产业链体系，拥有模具开发制造和I | | | 司，业务辐射全国主要汽车产业集群区域。 | | | 近三年归母 30.88亿元(2024年,+20.45%) | | 近三年营收 | 25.64亿元 (2023年, +22.59% ...

南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间7年54天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 207.47%， 任职期间最差基金回报-15.93%。 12月29日，多利科技涨5.2%，截至发稿，报30.98元/股，成交2.13亿元，换手率8.99%，总市值96.20亿 元。 资料显示，滁州多利汽车科技股份有限公司位于江苏省苏州市昆山市巴城镇金凤凰路799号，成立日期 2010年6月7日，上市日期2023年2月27日，公司主营业务涉及专注于汽车冲压零部件及相关模具的开 发、生产与销售。主营业务收入构成为：冲压和一体化压铸零部件93.64%，其他4.54%，冲压模具 1.82%。 从多利科技十大流通股东角度 数据显示，南方基金旗下1只基金位居多利科技十大流通股东。南方中证1000ETF（512100）三季度减 持5500股，持有股数84.97万股，占流通股的比例为1.08%。根据测算，今日浮盈赚取约130.01万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益29.41%，同类 排名1878/41 ...

Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. (Zhixin Co.) is preparing for its IPO on the Shanghai Stock Exchange, aiming to raise approximately 1.329 billion yuan, with a focus on expanding production capacity and enhancing technology in the automotive parts sector [2][3]. Group 1: Company Overview - Zhixin Co. operates in the automotive manufacturing industry, specifically in the production of metal stamping parts and molds, serving major automotive manufacturers such as Changan Automobile, Geely, and BYD [3][4]. - The company was established in January 1995 and has a registered capital of 170 million yuan, with Chen Zhiyu as the legal representative [6]. Group 2: Financial Performance - Zhixin Co.'s revenue for 2022, 2023, and 2024 was approximately 2.091 billion yuan, 2.564 billion yuan, and 3.088 billion yuan, respectively, with net profits of about 70.69 million yuan, 132 million yuan, and 204 million yuan [4]. - For the first half of 2025, the company reported revenue of approximately 1.604 billion yuan and a net profit of about 94.48 million yuan [5]. Group 3: Capital Utilization - The planned fundraising of 1.329 billion yuan will allocate 1.029 billion yuan for expanding production lines and technology upgrades across multiple bases, with an additional 300 million yuan for working capital [3][4]. Group 4: Shareholding Structure - The major shareholder, Chongqing Zhixin Yanshu Enterprise Management Consulting Co., Ltd., holds 37.07% of Zhixin Co., while the actual controllers, Chen Zhiyu and Jing Bing, collectively control 83.75% of the voting rights [7][8].

Core Viewpoint - Zhixin Co., Ltd. is focused on the research and production of automotive body welding components, expanding into upstream areas such as mold development and automation solutions [1][2]. Industry Overview - Zhixin Co., Ltd. operates within the automotive manufacturing sector, specifically in the automotive parts and accessories manufacturing industry, with a comparison made against 49 similar companies [2][3]. - The majority of top 100 automotive parts listed companies in China have revenue between 2 billion and 10 billion [2]. Financial Performance - The company has shown rapid growth in net profit and operating revenue, although its main business revenue remains below the median and average levels of comparable listed companies [3]. - By the first half of 2025, Zhixin's main business revenue is projected to exceed the industry median, with its ranking among peers improving to 18 [4]. Business Stability - The proportion of main business revenue to total operating revenue for Zhixin has been stable, with figures of 91.35%, 92.56%, 93.50%, and 94.63% for the years 2022, 2023, 2024, and the first half of 2025 respectively [4]. Competitive Position - As of June 2025, Zhixin Co., Ltd. and its subsidiaries hold a total of 371 patents, including 58 invention patents, ranking second among comparable companies in terms of patent quantity and core technology [5].

Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. (Zhixin Co.) has responded to the first round of inquiry from the Shanghai Stock Exchange regarding its application for listing on the main board, aiming to raise approximately 1.329 billion yuan [1][3]. Company Overview - Zhixin Co. specializes in the development, processing, production, and sales of automotive stamping parts and related molds, serving as a primary supplier for major automotive manufacturers such as Changan Automobile, Geely, and BYD [3][4]. - The company has a historical background dating back to January 1995, with significant changes in its shareholding structure over the years, culminating in a registered capital of approximately 162 million yuan as of March 2023 [5][6]. Financial Performance - Zhixin Co.'s revenue for 2022, 2023, and 2024 is projected to be approximately 2.091 billion yuan, 2.564 billion yuan, and 3.088 billion yuan, respectively, with net profits of about 70.69 million yuan, 132 million yuan, and 204 million yuan [3][4]. - The company's total assets as of December 31, 2024, are estimated at 3.789 billion yuan, with a debt-to-asset ratio of 52.17% [4]. Fundraising Plans - The planned fundraising of approximately 1.329 billion yuan will be allocated as follows: 1.029 billion yuan for expanding production capacity and technological upgrades across various bases, and 300 million yuan for supplementing working capital [1][3]. Shareholding Structure - The actual controllers of Zhixin Co., Chen Zhiyu and Jing Bing, collectively hold about 83.75% of the voting rights through various holding platforms established for management and tax benefits [6][7]. - The company has undergone multiple capital increases, with the latest increase in March 2023, reflecting a strategic approach to optimize its equity structure [5][6].

Group 1 - The core viewpoint of the news is the ongoing IPO process of Chongqing Zhixin Industrial Co., Ltd., which is still under review as of now [1] - Zhixin Industrial primarily operates in the automotive parts and molds business, with welding parts accounting for 95.93% of its main business revenue in 2024 [1] - The company has seen steady growth in its operating performance over the past three years, with revenues of 2.091 billion, 2.564 billion, and 3.088 billion yuan, and net profits of 71 million, 132 million, and 204 million yuan for the years 2022 to 2024 [1] Group 2 - The controlling stake of Zhixin Industrial is held by Chen Zhiyu and his wife Jing Bing, who together own approximately 83.41% of the shares [1] - The family has a significant presence in the capital market, with connections to notable figures such as Jing Wei and Jing Hong, who have established reputations in the industry [5][9] - The Jing family has been actively involved in capital market activities, with recent investments including a 21.31% stake in a listed company and a planned IPO for another company [8][9]

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.734 billion CNY, a year-on-year increase of 13.15% [2] - Revenue from stamping and integrated die-casting components was 1.624 billion CNY, accounting for 93.64% of total revenue [2] - Net profit attributable to shareholders decreased by 28.13% to 157 million CNY due to intensified industry competition and increased asset depreciation [3] - The overall gross margin for the first half of 2025 was 17.66%, down by 4.81 percentage points compared to the same period last year [2] Group 2: Customer and Market Dynamics - Major customers include Tesla, Li Auto, NIO, BYD, and SAIC Group, with a stable customer structure maintained in the first half of 2025 [4] - The company is actively expanding its customer base and product offerings to enhance market competitiveness [4] Group 3: Production and Capacity Outlook - The company anticipates an increase in orders from major clients in the third quarter compared to the second quarter [4] - Integrated die-casting and hot forming businesses are expected to enter large-scale production starting in the second half of 2025, with capacity utilization projected to significantly increase by 2026 [5] Group 4: Strategic Acquisitions and Developments - The company is in the process of acquiring 52% of EDERLAN SUBSIDIARIES, S.A., which will enhance its product structure and market presence [5][6] - A new subsidiary focused on robotics has been established, with ongoing R&D and production activities planned [7] Group 5: Integrated Die-Casting Business Progress - The company has established integrated die-casting production lines in Jiangsu and Anhui, with five lines transitioning from construction to fixed assets as of June 30, 2025 [9] - The integrated die-casting business has secured projects from leading domestic new energy vehicle manufacturers, indicating positive market expansion [9]

Financial Performance - The company's operating revenue for the reporting period is approximately 1.73 billion yuan, an increase from 1.53 billion yuan in the same period last year, reflecting a growth of about 13.14% [1] - The net profit attributable to shareholders is approximately 157.40 million yuan, down from 219.01 million yuan year-on-year, indicating a decline of about 28.19% [1] - The net profit after deducting non-recurring gains and losses is approximately 145.14 million yuan, compared to 213.85 million yuan in the previous year, a decrease of about 32.06% [1] - The basic and diluted earnings per share are both 0.51 yuan, down from 0.92 yuan in the previous year [1] - The weighted average return on equity is 3.43%, down from 4.98% year-on-year [1] Cash Flow - The net cash flow from operating activities is approximately 245.38 million yuan, a decrease of 28.71% compared to 344.21 million yuan in the previous year [28] - The net cash flow from financing activities is -154 million yuan, an increase of 46.07 million yuan year-on-year [28] - The net cash flow from investing activities is -234 million yuan, compared to -358 million yuan in the previous year [28] Asset and Liability Changes - Total assets at the end of the reporting period are approximately 6.01 billion yuan, up from 5.90 billion yuan at the end of the previous year [1] - The net assets attributable to shareholders are approximately 4.55 billion yuan, slightly down from 4.56 billion yuan at the end of the previous year [1] - Accounts receivable and notes receivable decreased by 19.25%, while construction in progress increased by 127.42% [40] - Inventory increased by 20.45%, while cash and cash equivalents decreased by 19.29% [40] Shareholder Changes - New shareholders include the Basic Pension Insurance Fund 1204 Combination and the Huaxia CSI 1000 ETF, replacing previous shareholders [53] - The shareholding proportions of some existing shareholders have changed, with notable increases from the Southern CSI 1000 ETF and Zhonghui Life Insurance [53][54] Valuation Metrics - As of the closing price on August 21, the company's price-to-earnings ratio (TTM) is approximately 20.67 times, the price-to-book ratio (LF) is about 1.65 times, and the price-to-sales ratio (TTM) is approximately 1.98 times [1]

Group 1 - The core viewpoint of the article highlights that Ruihu Mould (002997.SZ) considers Chery Automobile as one of its important clients [1] - The company and its subsidiaries provide various stamping molds, automated production lines, integrated die-casting components, and stamped parts for multiple fuel and new energy vehicle models under Chery Automobile's brands [1]

Core Viewpoint - The company has confirmed its collaboration with Chery Automobile, indicating its role as a significant supplier of various components for Chery's fuel and new energy vehicles [1] Group 1 - Chery Automobile is identified as an important customer for the company [1] - The company and its subsidiaries provide several types of components, including stamping molds, automated production lines, integrated die-casting structural parts, and stamped parts for multiple brands and models under Chery [1]