Group 1 - The core point of the article highlights the performance of Xincoord Technology Co., Ltd., which saw a stock price increase of 5.06% to 77.48 CNY per share, with a total market capitalization of 10.575 billion CNY [1] - The company, established on July 31, 2002, specializes in the research, production, and sales of precision cold-forged components, with its main revenue sources being 76.09% from valve drive precision cold-forged components, 11.19% from valve group precision cold-forged components, and 4.07% from cold-forged fine wire processing [1] Group 2 - Yonyou Advanced Manufacturing Smart Selection Mixed Fund A (018124) is among the top ten circulating shareholders of Xincoord, having increased its holdings by 2.6539 million shares in the third quarter, now holding 6.6877 million shares, which accounts for 4.93% of circulating shares [2] - The fund has achieved a year-to-date return of 63.69% and a one-year return of 83.5%, ranking 278 out of 8134 and 120 out of 8056 respectively [2] Group 3 - The fund manager of Yonyou Advanced Manufacturing Smart Selection Mixed Fund A is Zhang Lu, who has a total fund asset size of 22.921 billion CNY and has been in the position for 6 years and 119 days [3] - During Zhang Lu's tenure, the best fund return was 107.04%, while the worst return was -60.31% [3] Group 4 - Yonyou Advanced Manufacturing Smart Selection Mixed Fund A holds 6.6877 million shares of Xincoord, representing 2.78% of the fund's net value, making it the tenth largest holding [4]

Group 1 - The core point of the news is that Xinjing coordinates experienced a decline of 5.05%, with a current stock price of 73.88 CNY per share and a total market capitalization of 10.084 billion CNY [1] - The company, Hangzhou Xinjing Coordinate Technology Co., Ltd., was established on July 31, 2002, and went public on February 9, 2017. Its main business involves the research, production, and sales of precision cold-forged components [1] - The revenue composition of the company's main business includes: 76.09% from precision cold-forged components for valve drive assemblies, 11.19% from precision cold-forged components for valve assemblies, 8.66% from other sources, and 4.07% from cold-forged fine wire processing [1] Group 2 - From the perspective of the top ten circulating shareholders, Xinjing coordinates has a fund under Xingzheng Global Fund as one of its major shareholders. Xingzheng Global Huirui Mixed A (016464) entered the top ten circulating shareholders in the third quarter, holding 1.1034 million shares, which accounts for 0.81% of the circulating shares [2] - The estimated floating loss for Xingzheng Global Huirui Mixed A today is approximately 4.3364 million CNY [2] - Xingzheng Global Huirui Mixed A was established on September 7, 2022, with a latest scale of 1.709 billion CNY. Year-to-date returns are 34.97%, ranking 2306 out of 8147 in its category, while the one-year return is 30.26%, ranking 1818 out of 8056 [2]

Group 1 - The core viewpoint of the news is that Xinjing coordinates have seen a stock price increase of 5.14%, reaching 78.78 yuan per share, with a total market capitalization of 10.752 billion yuan [1] - Xinjing coordinates, established on July 31, 2002, and listed on February 9, 2017, specializes in the research, production, and sales of precision cold-forged components [1] - The main revenue composition of Xinjing coordinates includes 76.09% from precision cold-forged valve drive components, 11.19% from precision cold-forged valve components, 8.66% from other sources, and 4.07% from cold-forged fine wire processing [1] Group 2 - Xinjing coordinates' top circulating shareholder is the Xingsheng Global Fund, which has recently entered the top ten circulating shareholders with 1.1034 million shares, accounting for 0.81% of circulating shares [2] - The Xingsheng Global He Rui Mixed A Fund (016464) has a total scale of 1.709 billion yuan and has achieved a year-to-date return of 33.24%, ranking 2406 out of 8149 in its category [2] - The fund manager, Xie Shuying, has been in position for 11 years and 205 days, with the fund's total asset scale at 2.828 billion yuan and a best return of 159.53% during the tenure [3]

Investment Rating - The report maintains a "Recommended" rating for the company [5][11]. Core Insights - The company achieved a revenue of 203.18 million yuan in Q3 2025, representing a year-on-year growth of 20.61%, and a net profit attributable to shareholders of 67.43 million yuan, up 33.82% year-on-year [1]. - The growth in revenue is driven by the continuous expansion of overseas business, which accounted for 51.4% of total revenue in the first half of 2025, with a year-on-year growth of 30.7% [1]. - The company has established strong relationships with major clients such as Volkswagen, contributing to the growth of its overseas business [1]. - The gross margin for Q3 2025 was 55.2%, showing improvements both year-on-year and quarter-on-quarter, significantly higher than the average gross margin of 17.6% in the automotive parts industry [2]. - The company has increased its dividend payout ratio, with a total dividend amount of 74.45 million yuan for the first three quarters of 2025, representing 35.6% of the net profit attributable to shareholders [3]. - The company is actively developing new products using cold forging technology, expanding its material base to include aluminum, copper, titanium alloys, and stainless steel [3]. Summary by Sections Financial Performance - In Q3 2025, the company reported a revenue of 203.18 million yuan and a net profit of 67.43 million yuan, with respective year-on-year growth rates of 20.61% and 33.82% [1]. - The gross margin for Q3 2025 was 55.2%, an increase from 54.1% in Q2 2025 and 52.3% in Q3 2024 [2]. - The net profit margin for Q3 2025 was 34.4%, up from 31.7% in the same period last year [2]. Dividend Policy - The company announced a cash dividend of 2.50 yuan per 10 shares for Q3 2025, marking the second dividend distribution for the year [3]. - The dividend payout ratio has increased from around 30% in 2019-2022 to 57.6% in 2024 [3]. Growth Prospects - The company is expected to continue its growth trajectory, with projected net profits of 270.09 million yuan, 325.38 million yuan, and 391.87 million yuan for 2025, 2026, and 2027 respectively [4]. - The company is expanding into new product areas, including precision electromagnetic valves and electric drive transmission systems, which are anticipated to support long-term growth [3].

Group 1 - New Coordinates' stock price has dropped 5.09% to 71.61 CNY per share, with a total market capitalization of 9.774 billion CNY, and a cumulative decline of 16.07% over the past five days [1] - The company specializes in the research, production, and sales of precision cold-forged components, with its main revenue sources being 76.09% from valve drive precision cold-forged components, 11.19% from valve group precision cold-forged components, and 4.07% from cold-forged refined wire processing [1] Group 2 - Yongying Advanced Manufacturing Intelligent Selection Mixed Fund A (018124) has entered the top ten circulating shareholders of New Coordinates, holding 4.0337 million shares, which is 2.99% of the circulating shares, resulting in a floating loss of approximately 15.4896 million CNY today [2] - The fund has experienced a total floating loss of 58.2875 million CNY during the five-day decline [2] - The fund was established on May 4, 2023, with a current scale of 2.976 billion CNY, and has achieved a year-to-date return of 85.56% [2] Group 3 - The fund manager of Yongying Advanced Manufacturing Intelligent Selection Mixed Fund A is Zhang Lu, who has a total fund asset scale of 15.413 billion CNY and has achieved a best fund return of 144.56% during his tenure [3]

Group 1 - The core viewpoint of the news is that Xincoord Technology Co., Ltd. has seen a stock price increase of 5.06%, reaching 66.28 CNY per share, with a total market capitalization of 9.046 billion CNY [1] - The company, established on July 31, 2002, specializes in the research, production, and sales of precision cold-forged components, with its main revenue sources being valve drive precision cold-forged components (76.09%), valve group precision cold-forged components (11.19%), and others [1] - The trading volume for the stock was 178 million CNY, with a turnover rate of 2.03% [1] Group 2 - Among the top ten circulating shareholders of Xincoord, Yongying Fund's advanced manufacturing mixed fund (018124) entered the list in the second quarter, holding 4.0337 million shares, which is 2.99% of the circulating shares [2] - The fund has achieved a year-to-date return of 79.86%, ranking 104 out of 8175 in its category, and a one-year return of 203.68%, ranking 16 out of 7982 [2] - The fund was established on May 4, 2023, with a current scale of 2.976 billion CNY [2]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance relative to market benchmarks [5][11]. Core Insights - The company's revenue for 2024 reached 680.28 million yuan, a year-on-year increase of 16.63%, with a net profit attributable to shareholders of 211.61 million yuan, up 14.76% [1][12]. - In Q1 2025, the company achieved a revenue of 178.99 million yuan, reflecting a growth of 26.15%, and a net profit of 66.82 million yuan, which is a 37.59% increase year-on-year [1][12]. - The overseas business significantly contributed to revenue growth, with international revenue reaching 292.32 million yuan in 2024, a 47.0% increase, accounting for 43.0% of total revenue [1][12]. - The company is expanding into the screw rod sector by establishing a new subsidiary, which is expected to leverage the strengths of its partners in high-end CNC machine tools and intelligent manufacturing [4][11]. Revenue Growth - The company reported a revenue of 487.06 million yuan from the passenger vehicle sector in 2024, marking a 15.68% increase, while the commercial vehicle sector generated 117.29 million yuan, up 17.87% [2][12]. - The growth in revenue is attributed to new projects with clients such as Chery and international commercial vehicle manufacturers [2][12]. Profitability Metrics - The overall gross margin for 2024 was 51.9%, slightly down from 53.34% in 2023, but the company maintained resilience in its margins despite competitive pressures [2][3]. - The net profit margin for 2024 improved to 32.25%, an increase of 0.35 percentage points, supported by a decrease in expense ratios [3][12]. - The return on equity (ROE) for 2024 was 16.36%, up 0.58 percentage points from the previous year, indicating improved profitability [3][12]. Financial Projections - The company forecasts net profits of 246.02 million yuan, 284.93 million yuan, and 330.97 million yuan for 2025, 2026, and 2027 respectively, with corresponding earnings per share (EPS) of 1.80 yuan, 2.09 yuan, and 2.42 yuan [11][12]. - The projected price-to-earnings (P/E) ratios for the next three years are 19x, 17x, and 14x, suggesting a favorable valuation trend [11][12].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance relative to market benchmarks [5][11]. Core Insights - The company's revenue for 2024 reached 680.28 million yuan, a year-on-year increase of 16.63%, with a net profit attributable to shareholders of 211.61 million yuan, up 14.76% [1][12]. - In Q1 2025, the company reported revenue of 178.99 million yuan, reflecting a growth of 26.15%, and a net profit of 66.82 million yuan, which is a 37.59% increase year-on-year [1][12]. - The growth in overseas business significantly contributed to the overall performance, with international revenue reaching 292.32 million yuan in 2024, a 47.0% increase, accounting for 43.0% of total revenue [1][12]. - The company is expanding into the screw rod sector by establishing a new subsidiary, which is expected to leverage the strengths of its partners in high-end manufacturing and supply chain management [4][11]. Revenue and Profitability - The company achieved a gross margin of 51.9% in 2024, slightly down from 53.34% in 2023, but still demonstrating resilience amid competitive pressures [2][3]. - The operating expense ratio decreased to 16.69% in 2024, leading to a net profit margin of 32.25%, an increase of 0.35 percentage points [3][12]. - The return on equity (ROE) improved to 16.36% in 2024, up 0.58 percentage points from the previous year [3][12]. Market Segments - Revenue from the passenger vehicle segment was 487.06 million yuan in 2024, growing by 15.68%, while the commercial vehicle segment generated 117.29 million yuan, up 17.87% [2][12]. - The company is expected to continue stable growth with new projects from clients like Chery and international commercial vehicle manufacturers [2][12]. Financial Forecast - The company forecasts net profits of 246.02 million yuan, 284.93 million yuan, and 330.97 million yuan for 2025, 2026, and 2027 respectively, with corresponding earnings per share (EPS) of 1.80, 2.09, and 2.42 yuan [11][12].