8月26日，江顺科技涨2.29%，成交额4.48亿元。两融数据显示，当日江顺科技获融资买入额5299.67万 元，融资偿还3881.04万元，融资净买入1418.62万元。截至8月26日，江顺科技融资融券余额合计1.27亿 元。 融资方面，江顺科技当日融资买入5299.67万元。当前融资余额1.27亿元，占流通市值的10.68%。 资料显示，江苏江顺精密科技集团股份有限公司位于江苏省江阴市周庄镇玉门西路19号，成立日期2001 年10月19日，上市日期2025年4月24日，公司主营业务涉及铝型材挤压模具及配件、铝型材挤压配套设 备、精密机械零部件等产品的研发、设计、生产和销售。主营业务收入构成为：通用设备52.91%，专 用设备41.78%，其他5.31%。 截至8月20日，江顺科技股东户数7512.00，较上期减少24.66%；人均流通股1996股，较上期增加 32.73%。2025年1月-6月，江顺科技实现营业收入4.94亿元，同比减少14.11%；归母净利润4955.51万 元，同比减少40.73%。 责任编辑：小浪快报 融券方面，江顺科技8月26日融券偿还0.00股，融券卖出0.00股，按当日收盘价计 ...

Core Viewpoint - Jiangshun Technology (001400.SZ) reported a decline in both revenue and net profit for the first half of 2025, indicating challenges in order fulfillment and customer infrastructure delays [1] Financial Performance - The company achieved total operating revenue of 494 million yuan, a year-on-year decrease of 14.07% [1] - The net profit attributable to shareholders was approximately 49.56 million yuan, reflecting a year-on-year decline of 40.73% [1] - Basic earnings per share stood at 0.9911 yuan [1] Operational Challenges - The decline in revenue was attributed to factors such as order production and delivery cycles, as well as delays in the completion of infrastructure projects by some customers [1] - Unfulfilled orders for aluminum profile extrusion equipment contributed to the revenue drop compared to the same period last year [1]

Core Viewpoint - Jiangshun Technology announced a total operating revenue of 494 million yuan for the first half of 2025, representing a year-on-year decline of 14.07% and a net profit of 49.55 million yuan, down 40.73% year-on-year due to factors such as order production and delivery cycles, as well as delays in infrastructure construction by some clients [1][1][1] Summary by Relevant Categories Financial Performance - The company reported total operating revenue of 494 million yuan for the first half of 2025, a decrease of 14.07% compared to the same period last year [1] - Net profit for the same period was 49.55 million yuan, reflecting a year-on-year decline of 40.73% [1] Operational Challenges - The decline in revenue was attributed to factors including the production and delivery cycles of orders and delays in infrastructure projects by certain clients, which resulted in incomplete delivery of some aluminum profile extrusion equipment orders [1][1][1]

Group 1: Company Overview - Jiangshun Technology specializes in aluminum profile extrusion molds and precision mechanical components, becoming a leading enterprise in the domestic market after over 20 years of industry experience [12][17]. - The company has 9 subsidiaries, focusing on customized production based on client needs [7][18]. Group 2: Market Position and Competition - The aluminum profile extrusion mold industry is characterized by a low concentration of firms, primarily consisting of small to medium-sized enterprises [4][17]. - The company has established long-term partnerships with notable clients in various sectors, including automotive lightweighting and aerospace [14][18]. Group 3: Financial Performance - In Q1 2025, the company reported a revenue of CNY 274.13 million, showing a slight increase of 5.97% in net profit compared to the previous year [16]. - The precision mechanical components segment achieved a revenue of CNY 158 million in 2024, reflecting a year-on-year growth of 18.67% [15]. Group 4: Product and Technology Advantages - The company has developed core technologies, including multi-outlet mold manufacturing and rapid extrusion mold technology, enhancing its competitive edge [3][7]. - Jiangshun Technology's products are widely used in various applications, including transportation, renewable energy, and consumer electronics [12][17]. Group 5: Future Growth and Strategy - The company aims to enhance its market competitiveness by focusing on synchronized R&D and production capabilities to meet evolving customer demands [6][10]. - Plans for overseas expansion include establishing subsidiaries in Singapore to strengthen production and service capabilities [8][10]. Group 6: Investor Relations and Shareholder Value - The company is committed to a stable profit distribution policy, considering shareholder interests while ensuring sustainable development [9][10]. - Jiangshun Technology emphasizes the importance of maintaining a stable market value through strategic management and operational efficiency [17][18].

4月24日，江苏江顺精密科技集团股份有限公司（股票代码：001400，简称"江顺科技"）正式登陆深交所主板。上市首日 收盘江顺科技报66.70元/股，涨幅达78.53%，总市值达到40.02亿元，展现出资本市场对铝加工细分领域龙头的价值认 可。 作为国内铝型材挤压模具及配套设备领域的领军企业，江顺科技凭借"模具+设备"的双轮驱动模式，构建起具备显著协同 效应的一站式配套服务体系，深度绑定华建铝业、栋梁铝业等头部厂商。在国家"以铝代钢""以铝节木"等产业政策推动 下，公司有望持续受益于轻量化材料替代浪潮，成长空间值得期待。 铝型材配套领域领先者，协同效应突出带动业绩稳增 江顺科技聚焦铝型材制造行业，主要从事铝型材挤压模具及配套产品的研发、生产和销售。公司成立于2001年，早期产 品主要以铝型材挤压模具为主。 财务数据也印证了协同效应成效，2022-2024年，江顺科技营业收入从89,242.58万元稳步增长至113,647.63万元，同期扣 非归母净利润由13,727.37万元提升至14,627.20万元，整体呈现稳健增长态势。 自主研发构筑技术壁垒，产品结构优化强化盈利能力 江顺科技面向铝加工行业，产品深度服 ...

Core Viewpoint - Jiangshun Technology Group Co., Ltd. (stock code: 001400.SZ) was listed on the Shenzhen Stock Exchange, opening at 84.50 yuan and closing at 66.70 yuan, with a rise of 78.53% and a total market value of 4 billion yuan [1]. Company Overview - Jiangshun Technology specializes in the research, design, production, and sales of aluminum profile extrusion molds and accessories, supporting equipment, and precision mechanical components [1]. - The main products include aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [1]. Shareholding Structure - Before the issuance, shareholder Zhang Ligang directly held 48.95% of the company's shares and indirectly held 3.31% through Tianfeng Management, totaling 52.26% [1]. - Zhang Ligang, as the controlling shareholder and actual controller, has control over 59.95% of the voting rights [1]. Financial Highlights - The company raised a total of 560.40 million yuan, with a net amount of 490.47 million yuan after deducting issuance costs, which was 70.02 million yuan less than originally planned [4]. - The total revenue for Jiangshun Technology from 2022 to 2024 is projected to be 892.43 million yuan, 1.04 billion yuan, and 1.14 billion yuan respectively, with net profits of 138.58 million yuan, 145.70 million yuan, and 154.87 million yuan [5][6]. Future Projections - For the first quarter of 2025, the company expects revenue between 28 million and 29.1 million yuan, with a growth rate of 1.73% to 5.72% [8]. - The projected net profit for the same period is between 32 million and 34 million yuan, with a growth rate of 1.23% to 7.56% [8].

招股书显示，江顺科技是国内铝型材挤压模具及挤压配套设备行业内的领先企业，通过此次发行上市，江顺科技将充分受益于资本赋能，全面加大技术投 入，夯实研发实力，提升生产线自动化、智能化水平，扩展企业产品矩阵，增强产品核心竞争力，以满足市场和客户的高标准需求，实现业务的持续增长和 公司价值的长期积累，从而进一步夯实公司在行业中的优势地位，为公司长远发展奠定坚实的基础。 铝型材挤压模具及配套设备行业领军者核心竞争力突出 【环球网财经综合报道】4月24日，国内铝型材挤压模具及配套设备领域的领军企业——江苏江顺精密科技集团股份有限公司(以下简称"江顺科技")在深交 所主板敲钟隆重上市。这意味着该企业正式迈进资本市场,迎来发展史上又一个重要里程碑。 | | | | 单位: 万元 | | --- | --- | --- | --- | | 序号 | 募集资金投资项目 | 项目投资总额 | 拟用募集资金投入金额 | | | 铝型材精密工模具扩产建设项目 | 20,092.86 | 20,092.86 | | 2 | 铝挤压成套设备生产线建设项目 | 23,455.70 | 23.455.70 | | ਤੇ | 补充流动资金项目 ...

Core Viewpoint - Jiangshun Technology (001400.SZ) has initiated its subscription with an issue price of 37.36 yuan per share and a price-to-earnings ratio of 15.32 times, focusing on the production and sales of aluminum profile extrusion molds and related equipment [1] Company Overview - Jiangshun Technology specializes in the research, design, production, and sales of aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [1] - The company's main products are critical components for downstream aluminum profile extrusion production, which has extensive applications in various fields such as construction decoration, transportation, new energy, automotive lightweighting, electronic information, and aerospace [1] Industry Insights - According to the National Bureau of Statistics, China's aluminum profile production has shown a steady increase from 45.55 million tons in 2018 to an estimated 67.83 million tons in 2024, indicating a growing industry scale [1] - The demand for aluminum profiles is being driven by trends such as "using aluminum instead of steel" and "using aluminum to save wood," particularly in emerging sectors like photovoltaics, rail transportation, and new energy vehicles [1] Partnerships - The company has established long-term and stable partnerships with well-known domestic aluminum profile manufacturers such as Huajian Aluminum, Dongliang Aluminum, and Xinpai Co., as well as international companies like WISPECO [2] Fundraising and Financial Projections - The company plans to invest the raised funds in several projects, including the expansion of precision molds for aluminum profiles (20.09 million yuan), the construction of aluminum extrusion equipment production lines (23.46 million yuan), and supplementing working capital (12.5 million yuan), totaling 56.05 million yuan [3] - Financial projections indicate that the company expects revenues of approximately 892 million yuan, 1.043 billion yuan, and 1.136 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of about 139 million yuan, 146 million yuan, and 155 million yuan [3] Financial Metrics - As of the end of 2023, the company's asset-liability ratio was reported at 56.75%, significantly higher than the industry average of 32.44% [4][5] - The company's overseas sales revenue as a percentage of total revenue has increased from 15.89% in 2022 to 25.43% in 2024, primarily settled in USD and EUR [5]

Investment Rating - The investment rating for the company is "Buy," indicating that the expected return over the next 6-12 months is greater than 15% compared to the relevant market index [34]. Core Viewpoints - The company, Jiangshun Technology, specializes in the research, production, and sales of aluminum extrusion molds and accessories, supporting equipment, and precision mechanical components. It has established a strong market position and is expected to benefit from the accelerating trend of "using aluminum instead of steel" [2][7][25]. - The company has achieved significant revenue growth from 2022 to 2024, with projected revenues of 892 million, 1,042 million, and 1,136 million yuan, respectively, reflecting year-over-year growth rates of 20.35%, 16.82%, and 9.01% [8][31]. - The company has a solid customer base, including major domestic and international aluminum manufacturers, and holds a market share of approximately 6% in the domestic aluminum extrusion mold sector [26][27]. Summary by Sections Basic Financial Status - The company reported revenues of 892 million yuan in 2022, 1,042 million yuan in 2023, and is projected to reach 1,136 million yuan in 2024, with corresponding year-over-year growth rates of 20.35%, 16.82%, and 9.01% [8][31]. - The net profit attributable to the parent company was 139 million yuan in 2022, 146 million yuan in 2023, and is expected to be 155 million yuan in 2024, with year-over-year growth rates of 33.95%, 5.14%, and 6.30% [8][31]. Industry Situation - The aluminum extrusion mold industry is experiencing growth due to the increasing demand from various sectors, including construction, transportation, and renewable energy. The market size of the mold industry in China has been steadily increasing, with projections indicating continued growth in the coming years [17][21]. Company Highlights - Jiangshun Technology is one of the few companies in China that can provide a one-stop service for extrusion molds and supporting equipment, which positions it well to benefit from the shift towards aluminum in various applications [25][26]. - The company has high capacity utilization rates, exceeding 90%, and has initiated projects to expand production capacity, which will significantly enhance its operational capabilities [27][28]. Fundraising Project Investment - The company plans to invest in two main projects: the expansion of precision mold production and the construction of an aluminum extrusion equipment production line, with a total investment of approximately 560 million yuan [28][29]. Comparison with Peers - Compared to similar companies in the industry, Jiangshun Technology's revenue and gross margin are positioned in the mid-to-high range, indicating a competitive standing within the market [31][32].

Core Viewpoint - Jiangshun Technology's IPO price of 37.36 yuan per share corresponds to a diluted P/E ratio of 15.84 times for 2023, which is lower than the average P/E ratios of 29.52 times for the specialized equipment manufacturing industry and 36.94 times for the general equipment manufacturing industry as of April 10, 2025 [1][12][23] Company Overview - Jiangshun Technology is engaged in the research, design, production, and sales of aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [11][18] - The company operates in the specialized equipment manufacturing industry (C35) and general equipment manufacturing industry (C34) as per the classification by the China Listed Companies Association [1][11] IPO Details - The company plans to issue no more than 15 million shares of ordinary A-shares and will be listed on the main board of the Shenzhen Stock Exchange [2][3] - The IPO will adopt a direct pricing method, with all shares issued through online subscription to public investors holding non-restricted A-shares and depository receipts in the Shenzhen market [3][4] Valuation Comparison - The IPO price of 37.36 yuan per share results in a diluted P/E ratio of 15.32 times for 2024, which is also lower than the industry averages [2][12] - The company's P/E ratios are significantly lower than the average static and rolling P/E ratios of comparable companies in the same industry, which are 89.21 times and 98.58 times respectively [21][22] Industry Trends - The average static P/E ratio for the specialized equipment manufacturing industry (C35) and general equipment manufacturing industry (C34) has shown a steady increase over the past year [14] - The pricing of Jiangshun Technology's shares is considered prudent and reasonable, as it is below the average P/E ratios for both the industry and comparable companies [23]