截至目前，合川区已盘活闲置厂房74.1万平方米，引入汽车零部件项目14个，计划总投资超100亿元。 2025年前11个月，合川区实现规上工业总产值增速9.8%，规上工业增加值增长8.9%。 "区里成立汽车产业招商专班，梳理出可利用厂房90多万平方米、工业用地1557亩，并根据建筑结构、空 间布局、原有用途等特点及汽车零部件企业发展需求，对闲置厂房进行科学分类和差异化改造提升，变'闲置 厂房'为'标准产品'，以此满足不同企业的需要。"合川区招商投资局副局长文堰说，80%以上闲置厂房在招商 前就具备了快速交付条件，可为入驻企业节省建设工期6个月以上。 重庆和达汽车科技有限公司的智能化生产车间。经济日报记者 吴陆牧 摄 通过梳理现有汽车零部件企业的产品门类、技术能力与协作需求，结合已分类整备的厂房资源，当地开 展"带方案、带载体"的精准招商推介，成功吸引了一批需要现成厂房落地生产的上下游企业，实现以"旧 巢"引"新凤"、以产业聚企业。 经济日报记者 杨芊叶 日前，记者来到重庆云起汽车系统有限公司合川生产基地，先进、宽敞的厂房内，技术人员正抓紧调试 设备。 "作为一家汽车零部件制造商，公司于2025年10月落户合川区 ...

12月23日，中捷精工跌0.83%，成交额2480.47万元。两融数据显示，当日中捷精工获融资买入额220.42 万元，融资偿还290.95万元，融资净买入-70.52万元。截至12月23日，中捷精工融资融券余额合计 3307.91万元。 融资方面，中捷精工当日融资买入220.42万元。当前融资余额3307.91万元，占流通市值的1.46%，融资 余额低于近一年10%分位水平，处于低位。 融券方面，中捷精工12月23日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，江苏中捷精工科技股份有限公司位于江苏省无锡市锡山区东港镇港下，成立日期1998年8月 11日，上市日期2021年9月29日，公司主营业务涉及汽车精密零部件的研发、生产和销售。主营业务收 入构成为：压铸零部件32.80%，冲压零部件32.70%，其他类14.44%，金工零部件13.32%，注塑零部件 6.20%，其他(补充)0.54%。 截至12月19日，中捷精工股东户数7793.00，较上期减少0.46%；人均流通股8615股，较 ...

中捷精工所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：微盘股、小盘、 比亚迪概念、新能源车、特斯拉等。 12月19日，中捷精工盘中上涨2.04%，截至09:54，报22.01元/股，成交636.46万元，换手率0.43%，总市 值23.12亿元。 中捷精工今年以来股价涨16.21%，近5个交易日涨2.18%，近20日跌2.74%，近60日跌12.00%。 资料显示，江苏中捷精工科技股份有限公司位于江苏省无锡市锡山区东港镇港下，成立日期1998年8月 11日，上市日期2021年9月29日，公司主营业务涉及汽车精密零部件的研发、生产和销售。主营业务收 入构成为：压铸零部件32.80%，冲压零部件32.70%，其他类14.44%，金工零部件13.32%，注塑零部件 6.20%，其他(补充)0.54%。 截至12月10日，中捷精工股东户数7829.00，较上期增加2.80%；人均流通股8575股，较上期减少 2.72%。2025年1月-9月，中捷精工实现营业收入5.81亿元，同比增长5.28%；归母净利润-2760.74万元， 同比减少460.62%。 分红方面，中捷精工A股上市后累计派现11 ...

Core Viewpoint - Tianjin Automotive Mould Co., Ltd. held an institutional research meeting on November 26, focusing on its industry layout, business structure, customer cooperation, and merger progress [1][2]. Group 1: Business Layout and Revenue Composition - The company's mould business accounts for nearly 50% of its revenue in 2024, with current orders amounting to approximately 2.5 billion [3]. - Stamping business is the second-largest segment, contributing 43% to revenue, closely tied to customer production schedules [3]. - The aerospace components business currently represents 4% of revenue, with potential growth as production scales up [3]. Group 2: Business Characteristics - Mould business demand is primarily driven by new model development and existing model modifications, showing stable demand without direct correlation to vehicle sales [4]. - Stamping business relies heavily on stable supply relationships with customers, with revenue fluctuating based on the sales volume of supplied models [4]. - The production cycle for mould products varies significantly, typically ranging from 12 to 24 months, with in-house manufacturing taking about 8 to 10 months [4]. Group 3: Customer Distribution in Stamping Business - The stamping business's production capacity is mainly located in Tianjin and Hefei, serving key automotive clients [5]. - Key clients in Tianjin include FAW Toyota, Great Wall Motors, Beijing Benz, and others, while Hefei primarily serves NIO and JAC Motors [5]. Group 4: Merger and Acquisition Progress - The acquisition of Dongshi Co. is pending financial data updates, with preliminary due diligence and evaluations completed [6]. - Negotiations on details and agreement terms are ongoing, with no formal agreement signed yet, indicating potential uncertainties in the approval process [6].

Core Viewpoint - The stock of Jiangsu Zhongjie Precision Engineering Co., Ltd. has experienced fluctuations, with a year-to-date increase of 29.94% but a recent decline in the last 60 days by 11.79% [1] Company Overview - Jiangsu Zhongjie Precision Engineering Co., Ltd. was established on August 11, 1998, and went public on September 29, 2021. The company is located in Wuxi City, Jiangsu Province, and specializes in the research, production, and sales of precision automotive components [1] - The company's revenue composition includes: die-casting parts (32.80%), stamping parts (32.70%), other categories (14.44%), machining parts (13.32%), injection molding parts (6.20%), and others (0.54%) [1] Stock Performance - As of November 19, the stock price was reported at 24.61 CNY per share, with a market capitalization of 2.585 billion CNY. The trading volume was 4.5894 million CNY, and the turnover rate was 0.28% [1] - The number of shareholders as of November 10 was 7,826, a decrease of 1.87% from the previous period, while the average circulating shares per person increased by 1.90% to 8,579 shares [1] Financial Performance - For the period from January to September 2025, the company achieved a revenue of 581 million CNY, representing a year-on-year growth of 5.28%. However, the net profit attributable to the parent company was a loss of 27.6074 million CNY, a decrease of 460.62% compared to the previous year [1] Dividend Information - Since its A-share listing, the company has distributed a total of 11.0307 million CNY in dividends, with 6.3033 million CNY distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of the company saw the exit of the Noan Multi-Strategy Mixed A fund (320016) from the list [2]

Summary of Key Points Core Viewpoint - Jiangsu Zhongjie Precision Engineering Co., Ltd. is experiencing fluctuations in its stock performance and financial metrics, with a notable increase in shareholder numbers but a decline in net profit. Group 1: Stock Performance and Financing - On November 11, Zhongjie Precision's stock rose by 0.04%, with a trading volume of 32.44 million yuan [1] - The company had a financing buy-in amount of 6.41 million yuan and a net financing buy-in of 3.16 million yuan on the same day [1] - The total financing and securities balance reached 40.30 million yuan, accounting for 1.57% of the circulating market value, which is below the 50th percentile level over the past year [1] Group 2: Shareholder and Financial Metrics - As of October 31, the number of shareholders increased to 7,975, a rise of 2.19%, while the average circulating shares per person decreased by 2.14% to 8,418 shares [2] - For the period from January to September 2025, the company reported a revenue of 581 million yuan, reflecting a year-on-year growth of 5.28%, but a net profit loss of 27.61 million yuan, a decrease of 460.62% compared to the previous year [2] Group 3: Dividend and Institutional Holdings - Since its A-share listing, Zhongjie Precision has distributed a total of 11.03 million yuan in dividends, with 6.30 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders saw the exit of the Noan Multi-Strategy Mixed A fund from the list [3]

Core Viewpoint - The company has a clear structure with four major business segments and possesses high-quality customer resources, focusing on the automotive parts industry for over 30 years. The expected revenue for 2024 is 2.531 billion yuan, with a projected revenue of 1.287 billion yuan for the first half of 2025. The gross profit margin is expected to rebound in 2023 and grow to 29.04% in the first half of 2025 [2][27][36]. Business Segments Summary Stamping and Assembly Business - The stamping and assembly business benefits from the recovery and growth of core customers, particularly SAIC Motor, which is experiencing a resurgence. The company has expanded its customer base to include new energy vehicle manufacturers such as Tesla, Li Auto, and Xiaomi, with a multi-regional capacity layout to meet future demand [3][4][25]. - The stamping business has over 3,500 products covering critical areas such as body, chassis, powertrain, and electronics, with a year-on-year growth of 41.08% expected in the first half of 2025 [15][54]. Precision Plating Business - The precision plating business has opened a second growth avenue, with a focus on power semiconductor-related projects. The company entered this field by acquiring Wuxi Kaixiang and has established itself as a core supplier in precision plating for Bosch since 2016, with a gross profit margin of 80% [5][20][51]. - The company has invested in a power semiconductor component project, which is expected to bring new growth opportunities [6][25]. Financial Performance - The company's revenue has shown continuous growth, with a significant increase of 32.7% in 2023, driven by rising demand from downstream customers. The revenue for 2024 is projected to reach 2.531 billion yuan, with a net profit of 378 million yuan, reflecting a growth rate of over 36% [27][32]. - The gross profit margin has improved significantly, reaching 29.04% in the first half of 2025, benefiting from product structure optimization and cost control [36][51]. Customer Base and Market Position - The company has a solid customer base, with major clients including SAIC Group, Tesla, Li Auto, and Xiaomi, contributing to 73.51% of total revenue in 2025. The deep partnership with SAIC Group ensures stable business, while new energy clients provide growth potential [54][55]. - The automotive stamping parts market in China is expected to maintain a scale of around 250 billion yuan from 2025 to 2027, driven by the increasing demand for lightweight and high-safety vehicles [58][59].

Investment Rating - The report assigns an "Outperform the Market" rating for the company [4][6]. Core Views - The company has a clear structure with four major business segments: stamping parts, molds, assembly processing, and precision electroplating, which are supported by high-quality customer resources [1][14]. - The stamping and assembly processing businesses are benefiting from the recovery and growth of core customers, particularly SAIC Motor, and the expansion into new energy vehicle clients such as Tesla, Li Auto, and Xiaomi [2][20]. - The precision electroplating business is seen as a new growth driver, with significant margins and a recent entry into the power semiconductor sector [3][25]. Summary by Sections Business Overview - The company has been deeply involved in the automotive parts industry for over 30 years, establishing a diversified product matrix that includes stamping parts, assembly processing, precision electroplating, and mold design and manufacturing [14][17]. - The company completed the acquisition of Wuxi Kaixiang in 2022, marking its entry into the precision electroplating business, which is expected to drive future growth [14][25]. Financial Performance - The company forecasts revenues of CNY 25.31 billion for 2024 and CNY 31.02 billion for 2025, with a projected net profit of CNY 5.01 billion for 2025, reflecting a year-on-year growth rate of 32.5% [4][5]. - The gross margin is expected to improve, reaching 29.04% in the first half of 2025, driven by product mix optimization and cost control [4][42]. Customer Base and Market Position - The company has a solid customer base, with major clients including SAIC Group, Tesla, Li Auto, and Xiaomi, which collectively contribute significantly to its revenue [54][30]. - The company’s stamping business has over 3,500 products, with a focus on both traditional fuel vehicles and new energy vehicles, ensuring a stable order flow [20][31]. Growth Drivers - The precision electroplating segment is projected to grow significantly, with sales of precision electroplated parts expected to increase from 71.66 million units in 2021 to 122.21 million units by 2024, achieving a gross margin of 80% [3][49]. - The company is also investing in power semiconductor components, which are anticipated to provide new growth opportunities [3][25]. Market Trends - The automotive stamping parts market in China is expected to maintain a scale of around CNY 250 billion from 2025 to 2027, driven by the increasing demand for lightweight and high-safety vehicles [59][60]. - The report highlights a trend towards outsourcing assembly processing as automotive manufacturers seek to enhance operational efficiency [57].

Core Viewpoint - The company has successfully diversified its customer base, reducing reliance on a single client and expanding into the new energy vehicle supply chain, showcasing new growth potential [4][12]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.287 billion yuan, a year-on-year increase of 15.19%, and a net profit of 201 million yuan, up 27.17% [5]. - The stamping parts business, a core growth driver, generated revenue of 854 million yuan in the first half of 2025, reflecting a significant year-on-year increase of 41.08%, primarily due to increased orders from Tesla, Li Auto, and Xiaomi [7]. - The assembly processing business showed steady performance with revenue of 237 million yuan, a year-on-year growth of 16.65%, indicating a recovery in traditional customer business [8]. Group 2: Business Segments - The company's main business includes four segments: stamping parts, assembly processing, selective precision plating, and mold business, with the first two being the core [7]. - The selective precision plating business was acquired in 2023 and provides precision chrome plating services for key components in automotive engines, becoming a significant supplier for major clients [10]. Group 3: Strategic Transition - The company is transitioning from a model heavily reliant on a single client to a dual-driven model of "intelligent traditional business + large-scale new energy business" [12]. - The sales contribution from SAIC Group and its subsidiaries has decreased from over 60% in 2021 to 46.5% in the first half of 2024, while sales from new energy clients like Tesla, Li Auto, and Xiaomi now account for over 40% of the stamping parts business [14]. Group 4: Future Plans - To meet the demand from clients like Xiaomi, the company plans to raise up to 520 million yuan through convertible bonds to invest in a new production base in Langfang, which is expected to add an annual capacity of 500,000 sets [15]. - The company is also planning to invest up to 250 million yuan in a new project in Wuhan, creating a multi-location production layout to enhance service proximity [15].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported a strong performance in the first half of 2025, achieving a revenue of 1.287 billion yuan, a year-on-year increase of 15.2%, and a net profit attributable to shareholders of 201 million yuan, up 27.2% year-on-year [4][6] - The growth is attributed to the ramp-up of new customers in the electric vehicle sector and increased production capacity in precision electroplating [6] - The report highlights the company's strategic investments in capacity expansion and acquisitions to enhance its competitive position in the precision electroplating market, which is expected to become a significant growth driver [6] Financial Data and Profit Forecast - For the first half of 2025, the company achieved a gross margin of 29.0%, an increase of 4.5 percentage points year-on-year, driven by higher profitability from new projects and a decline in raw material prices [6] - Revenue projections for 2025 are set at 3.489 billion yuan, with a year-on-year growth rate of 37.9%, and net profit is expected to reach 530 million yuan, reflecting a growth rate of 40.2% [5][8] - The report anticipates continued growth in net profit, projecting 676 million yuan for 2026 and 801 million yuan for 2027, with corresponding growth rates of 27.6% and 18.5% [5][8]