SuZhou ChunXing Precision Mechanical (002547)
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SuZhou ChunXing Precision Mechanical (002547) News
*ST Chunxing: Company\'s 2026 Semi-Annual Performance Forecast
*ST Chunxing (002547.SZ): Termination of the Capital Increase in Jinzhai Magnesium and Subsequent Deregistration of Jinzhai Magnesium
Gelonghui, July 9 — *ST Chunxing (002547.SZ) announced that its 25th meeting of the Sixth Board of Directors and its sixth extraordinary general meeting of shareholders in 2025 have respectively approved the 'Proposal on the Waiver by the Company’s Wholly-Owned Grand Subsidiary of Its Preemptive Right to Subscribe for Additional Capital Contributions to Its Subsidiary.' Sichuan Lanjing New Energy Technology Co., Ltd. ("Lanjing New Energy") intends to subscribe for RMB 133.3334 million of the newly increased registered capital of Jinzhai Chunxing Magnesium Industry Co., Ltd. ("Jinzhai Magnesium Industry"), amounting to RMB 33.3334 million. For further details, please refer to the company's announcement published on November 19, 2025, on Juchao Information Network and other designated information disclosure media.
Chunxing Precision Engineering reported revenue of 22.30 billion yuan in 2025, a slight increase of 1.05%, while the net loss attributable to shareholders widened by 119.92% year-on-year to 4.38 billion yuan.
Chunxing Company reported a slight revenue increase of 1.05% year-over-year to RMB 2.23 billion in 2025, but its net profit attributable to shareholders plummeted to a loss of RMB 438 million, reflecting a year-over-year decline of 119.92%. The non-recurring net profit also recorded a loss of RMB 419 million. The company’s core business structure shifted toward low-margin automotive components, with gross margins across all segments generally declining. Cash flow deteriorated significantly amid major litigation risks, guarantee exposures, and the controlling shareholder's misappropriation of funds, resulting in a debt-to-asset ratio as high as 108.17%, which has triggered a delisting risk warning.
Chunxing Precision: First Quarter Report for 2026
Chunxing Precision: 2025 Annual Report
Chunxing Precision: Summary of the 2025 Annual Report
Chunxing Precision Engineering (002547.SZ): Director and Vice General Manager Guo Ruiqing resigns.
Gelonghui, April 17th - Chuxing Precision Engineering (002547.SZ) announced that the company's board of directors recently received a written resignation report from Guo Ruiqing, a director and vice general manager. Due to personal reasons, Mr. Guo Ruiqing has applied to resign from his positions as director and vice general manager, as well as from his roles on the board’s strategy committee and compensation and appraisal committee. After his resignation, he will continue to serve in another capacity within the company’s subsidiary. In accordance with relevant provisions of the Company Law and the Articles of Association, Mr. Guo Ruiqing’s resignation will not result in the number of board members falling below the statutory minimum, and his resignation application takes effect upon delivery to the board. As of the date of this announcement, Guo Ruiqing...
Express News | Chunxing Precision Engineering: Plans to transfer 100% equity of its Indian subsidiary and sign a conditional term sheet.
Express News | Chunxing Precision Engineering: Controlling subsidiary files lawsuit involving an amount of RMB 12.0354 million.
Chunxing Jinggong: 2025 Annual Performance Forecast
Chunxing Precision (002547.SZ) received a RMB 52.272 million equipment subsidy.
Chunxing Precision Industry (002547.SZ) announced that the company recently received relevant documents. According to the minutes of the executive meeting of the Jinzhai Development Zone, the enterprise's 2024 equipment subsidy has been approved for disbursement. The actual subsidies are as follows: RMB 50.524 million for Jinzhai Chunxing Precision Industry Co., Ltd. (a wholly-owned subsidiary of the company, hereinafter referred to as 'Jinzhai Chunxing') and RMB 1.748 million for Anhui Chunxing Light Alloy Technology Co., Ltd. (a wholly-owned subsidiary of the company, hereinafter referred to as 'Anhui Light Alloy'). The disbursement of funds will be handled by Jinzhai County Industrial Investment Development Co., Ltd. (hereinafter referred to as 'Jinzhai Industrial Investment') and will be used to repay loans borrowed by Jinzhai Chunxing from Jinzhai Industrial Investment and Jinzhai Huijin Investment Co., Ltd.; Jinzhai Chunxing has already received corresponding repayment receipts issued by Jinzhai Industr
Chunxing Precision Engineering (002547.SZ): Received equipment subsidies totaling RMB 52.272 million.
Gelonghui, December 22nd ─ Spring Xing Precision Engineering (002547.SZ) announced that Jinzhai Spring Xing received an equipment subsidy of RMB 50.524 million, and Anhui Light Alloy received an equipment subsidy of RMB 1.748 million, totaling RMB 52.272 million, which accounts for 107.48% of the company's audited net assets in the most recent fiscal year.
Chunxing Precision Engineering (002547.SZ): Subsidiary Receives Government Subsidy of RMB 40 Million
Gelonghui, November 21st ┃ Chuxing Precision Industry (002547.SZ) announced that Jinzhai Chuxing recently received a 'Statement' issued by the Financial Bureau of Anhui Jinzhai Economic Development Zone: “The RMB 40 million severance subsidy loan to Jinzhai Chuxing, after review by the director's office meeting of the development zone, meets the conditions for conversion into a subsidy.” Based on the aforementioned statement, the RMB 40 million loan received by Jinzhai Chuxing in January 2022 was converted into a relocation severance subsidy. The amount accounts for 20.10% of the audited net profit of the company for the most recent fiscal year. The government subsidy received this time by Jinzhai Chuxing will be recorded as other income. After calculation, it is expected to increase the company’s
Chunxing Precision Mechanical's Unit Waives Subscription Right to Raise Subsidiary's Capital
Chunxing Precision (002547.SZ): Wholly-owned subsidiary relinquishes preemptive right to subscribe for additional capital in its subsidiary, Jinzhai Magnesium Industry.
Gronk Holdings announced on November 18th that Chunxing Precision (002547.SZ) holds a 100% stake in Jinzhai Magnesium Industry via its wholly-owned subsidiary, Anhui Light Alloy. To further strengthen the capital position of Jinzhai Magnesium Industry and promote its rapid development, the company plans to increase its registered capital. Lanjing New Energy will subscribe to the new registered capital of RMB 33.3334 million by investing RMB 133.3334 million, with the remaining RMB 100 million recorded as capital reserve. Anhui Light Alloy has waived its preemptive right to subscribe to the capital increase. After this capital increase, the registered capital of Jinzhai Magnesium Industry will increase from RMB 50 million to RMB 83.3334 million.
Chunxing Precision: Report for the third quarter of 2025
Chunxing Precision Mechanical to Set Up Subsidiary
Chunxing Precision Engineering (002547.SZ): Wholly-owned subsidiary plans to establish a magnesium-aluminum alloy company.
Gelonghui, September 29th ┃Chunxing Precision Engineering (002547.SZ) announced that its main business includes precision manufacturing of automotive components. This investment is based on the actual development needs of the automotive industry and aims to further optimize the profitability of the company’s automotive components business. Anhui Chunxing Light Alloy Technology Co., Ltd. (hereinafter referred to as “Light Alloy Company”), a wholly-owned subsidiary of the company, plans to invest in establishing a wholly-owned subsidiary, Jinzhai Chunxing Magnesium Aluminum Alloy Co., Ltd. (tentative name, hereinafter referred to as “Magnesium Aluminum Alloy Company”), with a registered capital of RMB 50 million (funded by its own capital, which will be paid in installments according to the actual development of Magnesium Aluminum Alloy Company).
Chunxing Precision Industry (002547.SZ): Received a government subsidy of RMB 24 million.
Gelonghui, September 29th ┃ Chongqing Xingjing Technology Co., Ltd. (002547.SZ) announced that its wholly-owned subsidiary, Jinzhai Chongqing Xingjing Technology Co., Ltd. (“Jinzhai Chongqing Xingjing”), recently received government subsidy funds totaling RMB 24 million. This is a government subsidy related to assets and accounts for 49.35% of the company's audited net assets in the most recent fiscal year.
Express News | Chunxing Precision Engineering: Subsidiary Yuansheng Zhihui Sells Part of Idle Equipment for RMB 3.1 Million