Zhixin Co., Ltd. (603352.SH), which is deeply involved in the field of automotive welding parts, plans to publicly issue 5666.67 million shares

Zhitong Finance App News, Zhixin Co., Ltd. (603352.SH) disclosed a prospectus. The number of shares publicly issued by the company is 56.666.67 million shares, accounting for 25% of the share capital after issuance. The initial number of strategic placements issued in this offering was 113.333.3 million shares, accounting for 20% of the current offering. The company's senior management and core employees participated in this public offering through the employees of Shenwan Hongyuan Zhixin Co., Ltd. participating in the main board strategic placement No. 1 pooled asset management plan. The number of participating strategic placements did not exceed 10% of the number of shares in this public offering, or 56666.66 million shares; at the same time, the total subscription amount participating was no more than 49.09 million yuan. The initial inquiry date for this offering is December 30, 2025, and the subscription date is January 6, 2026. The company will apply for listing on the main board of the Shanghai Stock Exchange as soon as possible after the issuance is completed.

The company is mainly engaged in the development, processing, production and sale of automotive welding parts and related molds. Since its establishment, the company's main business has not changed significantly. Over the past 30 years of business development, the company has always been deeply involved in the field of automotive welding parts, and has expanded the fields of upstream mold development, processing, production and overall automated production solutions around the development and production process of welding parts.

The company's main products include automotive welding parts and related molds. In 2022, 2023, 2024, and January-June 2025, the company's revenue was 2,091 billion yuan, 2,564 billion yuan, 3,088 billion yuan and 1,604 billion yuan respectively, and the compound revenue growth rate from 2022 to 2024 was 21.52 percent; net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss was 52 million yuan, 120 million yuan, 185 million yuan and 87.1753 million yuan, respectively. The compound growth rate of net profit after deduction from 2022 to 2024 reached 88.02%. The performance is growing steadily, and it has good continuous profitability.

The company made an initial public offering of RMB 56.666.67 million shares to the public. According to the priority of the project, the actual net amount of capital raised after deducting the issuance fee is to be invested in the welding line capacity expansion and technological transformation project (Chongqing base), the welding production line capacity expansion and technological transformation project (Ningbo base), the welding production line capacity expansion and technological transformation project (Anhui base), and supplementary working capital. The total amount of capital raised is about 1,329 billion yuan.