Wen/Hua Qiu
On September 1, Jindi Shares (603270. SH) officially landed on the main board of Shanghai Stock Exchange, opening a new chapter of development. On the first trading day of listing, Jindi shares were widely sought after by investors, closing at 48.27 yuan/share, up 121.73%, and its total market value exceeded 10 billion yuan.
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According to the prospectus, Jindi Co., Ltd. focuses on the R&D, production and sales of precision mechanical parts. It is recognized by the Ministry of Industry and Information Technology as a "national champion demonstration enterprise in manufacturing industry" and a "small giant" enterprise specializing in precision and new products. It maintains a strong competitive advantage in the field of bearing cages and automotive precision parts.
After listing, Jindi is expected to continue to expand and strengthen its core business and push itself to a new level of development by virtue of its powerful financing advantages in the capital market.
Jindi also said that in the future, the company will focus on the strategic goal of "building the world's first bearing cage and the world's leading new energy core parts supplier", focus on the layout of new energy vehicles, wind energy, hydrogen energy and other key industry parts, and adhere to the development path of "green low-carbon, intelligent, high-end precision manufacturing".
Benefiting from the goal of "double carbon", wind power+new energy vehicle dual wheel drive development
In the process of achieving the "double carbon" goal in China, promoting the optimization and upgrading of energy consumption structure has become an important part. Non fossil energy represented by photovoltaic power generation and wind power has become increasingly important in the energy market.
According to the Global Wind Report 2023 issued by the Global Wind Energy Council (GWEC), in 2022, the new installed capacity of global wind power will be 77.6GW, including 68.8GW of onshore wind power and 8.8GW of offshore wind power.
With the rapid development of wind power industry in recent years, the demand for upstream wind power equipment and its components has increased significantly. According to CITIC Securities Research Report, the market size of wind power bearing in China is expected to be 16.675 billion yuan in 2022, and it is expected to reach 27.559 billion yuan by 2025, showing a rapid development trend.
As a leading enterprise in the field of bearing cage, Jindi has participated in drafting two national bearing related standards and two bearing industry standards of the Ministry of Industry and Information Technology, and has a wide popularity and good brand image in the industry.
With reliable and high-quality product quality and efficient response mechanism, Jindi's wind bearing cage products have been applied to wind power hosts from such manufacturers as Vestas, Goldwind Technology, General Electric (GE), Yuanjing Energy, Siemens Gomesa, Mingyang Intelligent, Yunda, Sany Heavy Energy through downstream customers, It is highly recognized by direct customers and host manufacturers.
The prospectus shows that in 2022, the operating revenue of wind bearing cages of Jindi Shares will be 178 million yuan, accounting for 21% of the market share in China and 10% of the global market share, ranking at the forefront of the industry and occupying an important position in the supply system of wind bearing cages at home and abroad.
The beginning of an era, for industry related enterprises, means huge opportunities and challenges coexist. In recent years, new energy vehicles have become the main direction of the transformation and development of the global automobile industry and an important engine to promote the sustainable growth of the world economy. The major automobile countries in the world have strengthened their strategic planning and policy support, trying to establish their own technological advantages in the field of new energy vehicles.
In the field of automotive precision parts, Jindi has realized the transformation from parts to component assemblies, developed aluminum rotors of asynchronous induction drive motors for new energy vehicles, and broken through the technical problem of high manufacturing costs of existing copper rotors. The company has directly entered into the supply system of mainstream automobile manufacturers such as Weilai and Great Wall Motors, and has supplied global well-known automobile parts manufacturers such as Schaeffler, SKF, Magna, HANON, Brose, JTEKT, Valeo, Aixin, Bogwarner, etc.
At the same time, under the guidance of the goal of "carbon peak, carbon neutrality", Jindi has also laid out new metal bipolar plate products for hydrogen energy vehicles and achieved mass production. The products have been successfully applied to hydrogen energy commercial vehicles, which has innovatively expanded the new track.
Take advantage of the momentum to develop and lead the overall trend of industrial development. Through years of brand reputation building, Jindi has accumulated a large number of long-term cooperative customers, established a good brand image, and laid a good foundation for consolidating market share and developing new product markets. In the first half of this year, Jindi achieved an operating revenue of 574 million yuan and a net profit attributable to shareholders of the listed company of 89985600 yuan. Both revenue and net profit maintained a steady growth trend.
Jindi shares said that the company will strive to achieve breakthroughs in business performance, scientific and technological innovation, customer service, market expansion and other aspects, become the leading enterprise in China's bearing and auto parts industry, and will focus on the layout of core key components in new energy vehicles, wind energy, hydrogen energy and other industries, adhere to the strategic positioning of "green low-carbon development, high-end precision manufacturing", We are marching towards the global dream of "manufacturing high-quality products and being world-class".
Strong technology to build a moat to help upgrade China's smart manufacturing butterfly
Equipment manufacturing is an important tool of the country, and core technology is the trump card that supports enterprises to stand out in peer competition and "win" the market.
As a pioneer and benchmark enterprise in the bearing industry, Jindi has always adhered to the concept of independent innovation and excellence, always regarded technological innovation as the core driving force for enterprise development, focused on technological innovation and product chain extension, and established a relatively complete system of technological innovation and product research and development.
After years of product accumulation and technology precipitation, Jindi has formed key core technologies with independent intellectual property rights. By the end of December 2022, Jindi has obtained 352 authorized patents, including 53 invention patents. In addition, the company's core technologies and innovative processes in the two application fields of bearing cage and auto precision parts can complement each other, providing a huge impetus for the expansion speed of new products and maintaining market position.
Today, Jindi has built such technological R&D and innovation platforms as "National and Local Joint Engineering Research Center for Wind Power Bearing Cage Technology", "Shandong Bearing Cage Engineering Research Center" and "Shandong High end Auto Parts Precision Stamping Technology Engineering Laboratory", which provide a strong guarantee for the company's product quality control, supply capacity and technical achievements transformation.
For the cage of wind power gearbox, three core technologies, namely "precision stretching technology", "overall stamping technology of large cage" and "high-speed burr free blanking technology", developed by Jindi through independent research and development, have been successfully applied to the production process of gearbox cage. At the same time, steel has been selected to replace copper, and precision stamping technology has replaced forging and casting technology, The company's products have competitive advantages in terms of materials and technology breakthroughs.
In terms of new energy vehicle parts, the production of the cast aluminum rotor of the new energy vehicle asynchronous induction motor of Jindi Group has formed a core technology in the design and manufacturing of the cast aluminum rotor mold and the molding of the cast aluminum rotor, realizing the improvement of mold development efficiency, ensuring the technical requirements of low porosity, high strength and high conductivity of products after molding, and effectively reducing the impact of NVH on the whole vehicle.
In addition, Jindi's innovative research and development of synchronous motor high-speed carbon fiber rotor, high voltage resistant 800V round wire stator assembly, flat wire stator assembly, high-speed motor hollow shaft, high-speed motor iron core stamping, high speed high temperature resistant motor bearing cage and other products have formed technical advantages and been widely recognized in the market.
With the continuous development and growth of Jindi, it is expected to continue to increase its sales scale and market share and start a new round of growth cycle by virtue of its own advantages in research and development, products, services, reputation and so on.
