New Coordinates: Multiple institutions including Caitong Securities and Huaxi Securities conducted research on our company on March 16.

Securities Star reports that on March 27, 2026, New Coordinate (603040) announced that Caitong Securities, Huaxi Securities, Dacheng Fund, Qianhai Yiyang Investment, CITIC Prudential Fund, Lideer Fund, GF Securities, Chengdu Xinyuan and Sheng Investment, Xiangcai Fund, Shanghai Yongwang Investment, and Wande Feng (Beijing) Investment conducted research on our company on March 16, 2026.

The specific content is as follows:

Q: 1. What is the company’s performance forecast for 2026?

A: In 2025, the results of the company’s global manufacturing and sales service system construction will be evident, with production capacity and demand for multiple mass production projects from overseas customers continuously increasing. In 2026, on one hand, we will accelerate the multi-field extension of the company’s cold forged refined wires and precision cold-formed parts, including precision solenoid valves for automobiles, electric drive transmission systems, power battery system casings, ball screws, planetary roller screws, and other precision cold-formed components; on the other hand, we will increase our market share of precision components in automotive valve assemblies and valve drive assemblies, strive to increase the supply share of existing customer products, seize the rapid development opportunities of hybrid models, and proactively expand new customers. We will further strengthen communication and exchanges with overseas customers to promote sales in overseas markets and new project collaborations. The company’s management and all employees will do their utmost to manage all aspects of operations, although there will still be various uncertainties in actual operations.

Q: 2. What are the differences between the company’s cold forming technology and grinding technology for screw rod products? Which customers are involved? What are the price and profit margin forecasts?

A: The company has been deeply rooted in the cold precision forming segment of metal plastic processing, including various processing techniques such as cold forging, cold stamping, cold rolling, cold drawing, rolling, and rolling. Cold precision forming is an important method for manufacturing metal parts, with high forming accuracy, comprehensive mechanical performance, and material utilization rate, which partially or completely eliminates the need for cutting processes. The company covers the entire industry technology research and development for materials, products, molds, and equipment. The technology for screw rod products mainly involves secondary processing of materials, cold forming processes, heat treatment processes, and automated assembly, all of which are developed in-house without outsourcing. The company’s self-developed roller screw nut thread rolling machine boasts advantages such as better tooth profiles, shallower seams, higher precision, faster efficiency, and a wider processing range. The company continuously expands the application fields of cold forming technology; precision screw rod components are now widely used and can convert the rotational motion of motors into linear motion. The company takes precision manufacturing as its core competitiveness while integrating high-quality industry resources to continuously optimize product performance and production processes, providing customers with high-precision, high-reliability, high-load, and small (micro) transmission solutions. Specific customer names are involved in confidentiality agreements, and the company is not convenient to disclose them. Currently, the project is in the research and sample sending stage, and it is not convenient to disclose the price, cost, and profit margin forecasts. Please continue to pay attention to the company’s announcements for project progress, thank you for your understanding.

Q: 3. What is the annual decline pressure from customers?

A: There is definitely annual decline pressure, but the annual decline issue in the automotive parts industry has already become a normalized issue that occurs every year. The company will optimize internal management systems, improve the accountability mechanism, strengthen on-site management, and utilize information technology to enhance management efficiency through business communication with customers and continuous internal improvement.

Q: 4. What is the progress of the development of stainless steel components?

A: The company has successfully developed patented technologies such as acid-free rust removal and environmentally friendly slag-free phosphating, and has independently developed integrated production lines; the innovative liquid sandblasting machine has pioneered a new process for wire surface treatments without acid washing or phosphating. New Coordinate’s new technology has broken through the instability of the refined quality of cold heading wire and the industry pain points of being affected by environmental protection measures leading to production stoppages or limitations. The company has taken a different approach with the patented technology of the phosphating process for stainless steel wire, which is suitable for austenitic, martensitic, and ferritic stainless steel wires. The company replaces oxalic acid treatment and copper plating for stainless steel with phosphating and uses cold forging instead of warm forging, improving the working environment, reducing environmental pollution, and making it possible to cold forge more complex stainless steel parts. This has laid a solid material technology foundation for the company’s expansion of precision parts application in multiple fields. The company has already secured multiple new projects for stainless steel precision cold-forged parts, such as valve seats and valve cores for automotive thermal management systems. Through the company’s design optimization and process improvements, new products have achieved safety and reliability, lightweight, and cost advantages. We believe that cold heading wire and the precision components developed by the company will see broader applications in the domestic market in the future.

Q: 5. Does the company have plans for refinancing?

A: The company will prudently study refinancing-related plans based on actual business development needs, capital structure planning, and shareholder interests, making good use of the capital market and enhancing the capability to continuously report to investors. If there are relevant plans in the future, the company will strictly comply with relevant regulations and promptly fulfill information disclosure obligations.

New Coordinate (603040) main business: research, production, and sales of precision components.

According to New Coordinate’s 2025 third-quarter report, in the first three quarters, the company’s main revenue was 593 million yuan, a year-on-year increase of 19.45%; net profit attributable to the parent company was 209 million yuan, a year-on-year increase of 29.41%; net profit excluding non-recurring gains and losses was 197 million yuan, a year-on-year increase of 33.88%; in the third quarter of 2025, the company’s single-quarter main revenue was 203 million yuan, a year-on-year increase of 20.61%; single-quarter net profit attributable to the parent company was 67.43 million yuan, a year-on-year increase of 33.82%; single-quarter net profit excluding non-recurring gains and losses was 64.02 million yuan, a year-on-year increase of 38.7%; debt ratio was 13.32%, investment income was 1.8855 million yuan, financial expenses were -15.3782 million yuan, and gross profit margin was 54.36%.

The above content is compiled by Securities Star from publicly available information and generated by AI algorithms (Internet information filing number 310104345710301240019), and does not constitute investment advice.