（文章来源：证券日报） 证券日报网讯伊之密11月24日在互动平台回答投资者提问时表示，公司注塑机与压铸设备的应用领域比 较广泛，新能源领域也是应用领域之一。在轻量化方向，公司UN系列半固态镁合金成型技术，具备优 异的成形性能与材料利用率。公司会积极把握与公司发展需求契合的合作机会。 ...

Core Insights - The NEWCAST exhibition is recognized as the world's leading international trade fair for precision casting, showcasing the highest level of the industry [3] - The event will take place from June 21 to June 25, 2027, at the Düsseldorf Exhibition Center in Germany, organized by Beijing Yige International Exhibition Co., Ltd [1] Group 1: Exhibition Highlights - NEWCAST is a significant global event with a large scale, featuring an exhibition area of 140,000 square meters and participation from 1,958 exhibitors across 72 countries, attracting 79,000 visitors [4] - The exhibition has a high international participation rate, with 54% of attendees coming from abroad, including countries like India, Italy, France, Austria, and the USA [4] - The 2027 edition will focus on cutting-edge technologies such as smart manufacturing, green casting, and digital transformation, highlighting the industry's commitment to innovation and sustainability [5][6] Group 2: Comprehensive Industry Coverage - NEWCAST covers the entire precision casting industry chain, offering a wide range of exhibits including casting equipment, casting products, materials and technologies, and services [8] - The exhibition features advanced materials applications in sectors like aerospace, automotive manufacturing, and energy, showcasing high-strength alloys and lightweight materials [7] Group 3: Audience Quality - The exhibition attracts decision-makers and industry professionals, with over 79,000 attendees in previous editions, including manufacturers, engineers, procurement managers, and business owners [9] - A significant portion of the audience, 80%, comes from senior management, indicating a strong purchasing intent and decision-making capability among attendees [9] Group 4: Market Opportunities - Germany's robust industrial foundation and advanced technology position it as a key player in the European market, providing favorable conditions for the success of the exhibition [10] - The increasing demand for green and high-performance precision casting products in Europe presents substantial market opportunities for manufacturers and material suppliers [10]

Core Insights - The company, Sijin Intelligent, is a leading enterprise in the field of multi-station high-speed cold heading forming equipment in China, with strong R&D capabilities and product quality advantages [1] Group 1: Business Performance - For Q3 2025, Sijin Intelligent reported a revenue of 524 million yuan, ranking 14th in the industry out of 19 companies [2] - The main business revenue from cold forming equipment was 313 million yuan, accounting for 93.60% of total revenue [2] - The net profit for the same period was 116 million yuan, ranking 5th in the industry [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 19.39%, lower than the industry average of 45.02% [3] - The gross profit margin for the same period was 37.68%, higher than the industry average of 27.38% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.79% to 20,700 [5] - The average number of circulating A-shares held per shareholder increased by 8.44% to 10,900 [5]

Core Viewpoint - The company, Sijin Intelligent, announced a share buyback plan with a total amount between 30 million and 50 million yuan, with a maximum buyback price of 20.73 yuan per share, which is 52.65% higher than the current price of 13.58 yuan. This move is generally seen as a price stabilization measure [1]. Group 1: Company Overview - Sijin Intelligent was established on January 15, 1993, and went public on December 11, 2020. The company is located in Ningbo, Zhejiang Province, and specializes in the research, production, and sales of multi-station high-speed cold forging forming equipment and die-casting equipment [1]. - The main business revenue composition includes cold forming equipment (93.60%), other (3.94%), and die-casting equipment (2.46%) [1]. - The company belongs to the Shenwan industry classification of machinery and equipment - general equipment - machine tools, and is associated with concepts such as integrated die-casting, new industrialization, digital economy, industrial mother machines, and robotics [1]. Group 2: Financial Performance - As of September 30, the number of shareholders for Sijin Intelligent is 20,700, a decrease of 7.79% from the previous period. The average circulating shares per person increased by 8.44% to 10,918 shares [2]. - For the period from January to September 2025, Sijin Intelligent achieved operating revenue of 524 million yuan, a year-on-year increase of 12.44%. However, the net profit attributable to the parent company was 116 million yuan, a year-on-year decrease of 24.13% [2]. - Since its A-share listing, Sijin Intelligent has distributed a total of 252 million yuan in dividends, with 158 million yuan distributed over the past three years [3]. - As of September 30, 2025, among the top ten circulating shareholders, Southern Zhihong Mixed A (020645) is the seventh largest shareholder, holding 3.0142 million shares as a new shareholder [3].

Group 1: Exhibition Overview - The 2026 Indonesia International Metallurgy and Casting Exhibition (METEC Indonesia & GIFA Indonesia) will take place from September 9 to 12, 2026, at the JIExpo in Jakarta, Indonesia [3] - The exhibition is organized by Düsseldorf Asia Exhibition Company and Informa Markets, with Beijing Lianhua Shanhui International Exhibition Co., Ltd. as the official Chinese agent [3] - This exhibition serves as a commercial and networking platform for international companies in the metallurgy and casting industry looking to enter the dynamic Indonesian market [3] Group 2: Industry Context - Indonesia is Southeast Asia's largest economy, with rapid development in infrastructure, manufacturing, and the automotive industry, leading to sustained growth in demand for metallurgy and casting [3] - The Indonesian government is promoting industrial localization and downstream processing through policies like the "Downstream Policy," which restricts raw mineral exports and encourages domestic smelting and casting [3] - The government has set a goal to establish 54 smelting plants by 2024, including facilities for copper, iron, lead, zinc, nickel, and aluminum [3] Group 3: Exhibition Scale and Participation - The 2024 Indonesia International Metallurgy and Casting Exhibition featured an exhibition area of 5,885 square meters, with 313 exhibitors from 24 countries and 5,505 visitors [3] - The exhibition will be held concurrently with the 21st Indonesia Mining Exhibition, providing a synergistic platform for casting technology, metallurgy, metal processing, and industrial furnace die-casting [3] Group 4: Product and Service Categories - The metallurgy section includes equipment and technology for smelting, casting, and processing, as well as auxiliary materials and services related to metallurgy [4] - The casting section encompasses various casting equipment, materials, and technologies, including die-casting, sand processing, and testing equipment [5][6]

Group 1 - The core viewpoint of the news is that Sijin Intelligent Equipment Co., Ltd. experienced a decline in stock price, with a drop of 5.06% to 14.25 CNY per share, and a total market capitalization of 4.046 billion CNY as of the report date [1] - Sijin Intelligent, established on January 15, 1993, and listed on December 11, 2020, specializes in the research, production, and sales of multi-station high-speed cold heading forming equipment and die-casting equipment, with 100% of its revenue coming from the general equipment manufacturing industry [1] Group 2 - From the perspective of major fund holdings, Sijin Intelligent is the second-largest holding in the Southern Zhihong Mixed A Fund (020645), which held 480,400 shares, accounting for 3.04% of the fund's net value, resulting in an estimated floating loss of approximately 365,100 CNY [2] - The Southern Zhihong Mixed A Fund, established on August 2, 2024, has a latest scale of 98.6415 million CNY, with a year-to-date return of 31.16% and a one-year return of 48.7%, ranking 2422 out of 7966 in its category [2] - The fund manager, Jin Lanfeng, has a tenure of 4 years and 101 days, with a total asset scale of 1.136 billion CNY, achieving a best fund return of 48.34% and a worst fund return of 7.61% during his tenure [2]

Core Viewpoint - The company, Yizhiming (300415.SZ), has confirmed that its semi-solid magnesium alloy injection molding machines are primarily designed for high-performance, lightweight magnesium alloy castings used in the new energy vehicle (NEV) sector, indicating a focus on expanding applications in this growing market [2]. Group 1 - The semi-solid magnesium alloy injection molding machines are tailored for producing components for new energy vehicles, such as motor parts and central instrument panel beams [2]. - The equipment is also utilized in manufacturing parts for consumer electronics, bicycle front forks, and two-wheeled electric vehicle hubs [2]. - There is potential for further expansion of application scenarios as technology develops [2].

Core Insights - Chongqing's automotive production reached 1.2185 million units in the first half of the year, with an industrial added value growth of 8.4%, positioning it among the top three in the country [1] - The establishment of a complete industrial chain for smart connected new energy vehicles in Chongqing, led by the company Seres, has significantly improved the local automotive industry's zero-inventory ratio from 20% to 70% [1] - Seres, a local company, is projected to achieve annual sales of 426,900 new energy vehicles in 2024, representing a year-on-year growth of 180% [5] Industry Developments - The Qingfeng Science and Technology City in Chongqing houses 63 automotive parts manufacturing enterprises, primarily due to the influence of Seres' Phoenix Smart Factory [1] - The Phoenix Smart Factory is designed to meet international standards and incorporates digitalization and automation, achieving 100% automation in key processes and 24-hour online monitoring [5] - The factory has implemented a zero-carbon demonstration project, generating 15.84 million kWh of electricity annually through a 1.88 million square meter BIPV (Building Integrated Photovoltaics) project, which reduces coal consumption by 5,070 tons and CO2 emissions by approximately 13,284 tons each year [5] Green Initiatives - Ningbo Tuopu Group's production base for lightweight chassis systems and interior sound insulation components in Qingfeng Science and Technology City is applying for green factory certification [6] - The factory has installed 5.5 million square meters of photovoltaic equipment, generating approximately 5 million kWh annually, and plans to achieve an annual production capacity of 500,000 lightweight chassis modules [6] - The local government has signed 34 automotive industry chain projects since October last year, with a total investment of 11.39 billion yuan, expected to generate an annual output value of 19.31 billion yuan, promoting energy conservation and carbon reduction alongside industrial development [6]