Core Viewpoint - The company, Huaxin Precision, is set to go public on September 5, marking its transition from a regional player to an industry benchmark, driven by a strong focus on technology and innovation in the precision stamping sector [2][3]. Group 1: Company Development and Strategy - Huaxin Precision started as a small factory in Jiangyin, focusing on electrical equipment cores and micro-motor cores, which laid a solid foundation for future growth [2]. - The year 2016 was pivotal for the company as it began developing samples for Siemens' electric vehicle drive motors, leading to its entry into the core components market for new energy vehicles [3]. - The company has emphasized independent research and development since 2014, which has shaped its core philosophy of "technology-driven enterprise" [3]. Group 2: Technological Advancements - Huaxin Precision has developed ultra-thin silicon steel materials, reducing thickness from 0.5mm to 0.2mm, aligning with the industry's demand for smaller and more efficient motors [4]. - The company has become one of the few capable of mass-producing 0.2mm ultra-thin silicon steel, thanks to its advanced production techniques and experience [4]. - Ongoing R&D efforts aim to push the boundaries further, with plans to develop 0.15mm and 0.1mm ultra-thin silicon steel processing technologies [5]. Group 3: Production Capacity and Market Position - The upcoming IPO will fund the expansion of production capacity for high-end drive motor cores, with an expected annual output of 1 million sets [6]. - The company has already released significant production capacity in the past year and is prepared to meet current project demands with the new funding [6]. - By the end of 2024, the projected demand from major clients for Huaxin Precision's products is estimated at 10.182 billion yuan, indicating strong future growth potential [6]. Group 4: International Expansion and Future Outlook - The company has established a presence in Mexico, with plans for mass production this year, and expects overseas sales to account for approximately 27% of total revenue by 2024 [7]. - Huaxin Precision's strategic focus includes refining its core precision stamping business while integrating upstream and downstream operations within the industry [7].