Jiangsu Pacific Precision Forging Co Ltd: Recent Developments and Financial Overview
Jiangsu Pacific Precision Forging Co Ltd, a prominent player in the automobile components sector, has recently been in the spotlight due to several financial and operational updates. The company, which specializes in auto forging gears and precision forgings, is listed on the Shenzhen Stock Exchange and operates primarily in Taizhou, China.
Financial Snapshot
As of May 19, 2025, Jiangsu Pacific Precision Forging Co Ltd’s close price stood at 15.79 CNY. The company’s stock has experienced significant volatility over the past year, with a 52-week high of 17.98 CNY on May 15, 2025, and a low of 6.71 CNY on September 17, 2024. The market capitalization is currently valued at 5,705,193,380 CNY, with a price-to-earnings ratio of 33.5426.
Recent News Highlights
Clarification on Product Range: On May 21, 2025, Jiangsu Pacific Precision Forging Co Ltd addressed investor inquiries regarding its involvement in bearing products. The company confirmed that it does not currently engage in the production of bearing products or related items, which could be used in robotics or humanoid robots. This clarification was made in response to investor questions about the company’s product offerings.
Convertible Bonds Announcement: On May 19, 2025, the company announced that the cumulative amount of convertible bonds converted into shares had reached 10% of the total issued shares prior to the conversion. This development is significant as it impacts the company’s share structure and could influence investor decisions.
Market Trends and Investor Sentiment: According to data from the Securities Times and Data Treasure, as of May 16, 2025, the market financing balance was 18,064.54 billion CNY, showing a slight decrease from the previous trading day. Jiangsu Pacific Precision Forging Co Ltd was among the stocks that experienced notable changes in financing balances, reflecting investor sentiment and market dynamics.
Sector Adjustments: The robotics concept market saw initial adjustments, with companies like Longxi Group experiencing significant declines. Jiangsu Pacific Precision Forging Co Ltd also faced a drop of over 7%, aligning with broader sector trends.
Company Overview
Founded in 1992, Jiangsu Pacific Precision Forging Co Ltd is dedicated to the research, development, production, and sales of automotive differential side and pinion gears, as well as automotive transmission monoblock gears. The company also produces bevel and axis products, along with shaped pieces such as cross shafts, ball pins, parking brake pawls, triangle axles, parking lock pieces, and star wheels. For more information on their offerings and initiatives, interested parties can visit their website at www.ppforging.com .
These recent developments highlight the company’s ongoing efforts to clarify its product range and manage its financial instruments, while also navigating the broader market trends affecting the automobile components sector.