Strategic Impact Analysis of Tianqi Mold's Clarification on Not Participating in the Nine-Day UAV Project

Tianqi Mold (002510.SZ) clearly clarified on the interactive platform that it did not participate in the Nine-Day UAV construction project. This statement reflects the company’s strategic thinking of

. From the perspective of stock price performance and fundamentals, the market’s response to this clarification was relatively rational, reflecting investors’ recognition of the company’s focus on the core business of automotive molds.

As of December 17, 2025, Tianqi Mold’s closing price was 6.96 yuan [0], with a cumulative increase of 24.51% since 2025, showing relatively stable performance [0]. From a technical perspective, the current stock price is above the 20-day moving average (6.89 yuan) and the 60-day moving average (6.87 yuan), showing short-term strong characteristics [0].

• Market Capitalization
  : 7.07 billion yuan, a small and medium-cap target [0]
• Valuation Level
  : PE ratio 124.14 times, relatively high valuation [0]
• Profitability
  : Net profit margin 2.47%, ROE 2.29%, profitability needs improvement [0]
• Financial Health
  : Current ratio 1.28, debt risk classified as low risk [0]

As one of the world’s largest automotive mold manufacturers, Tianqi Mold can:

• Maintain Technical Advantages
  : Continue to invest in core technology R&D of mold manufacturing
• Deepen Customer Relationships
  : Establish closer cooperation with mainstream domestic and foreign automakers
• Enhance Market Share
  : Consolidate leading position in the automotive mold segment

Proactively clarifying the association with the UAV project reflects the management’s clear understanding of the following risks:

• Technical Barriers
  : Huge differences in technical paths and process requirements between UAVs and automotive molds
• Resource Allocation
  : Avoid dispersing limited management and capital resources
• Market Risks
  : Fierce competition in the UAV field with great uncertainty

In the current market environment, investors prefer companies with clear main businesses and clear strategies:

• Transparency Improvement
  : Proactive clarification enhances the transparency of information disclosure
• Expectation Management
  : Provide investors with a clear understanding of business boundaries
• Valuation Support
  : Focusing on main business helps obtain more reasonable valuation

According to brokerage data, China’s automobile production and sales maintained growth in 2024, providing a good development environment for the automotive mold industry [0]:

• New Energy Vehicle Promotion
  : Rapid development of new energy vehicles brings mold demand upgrades
• Lightweight Demand
  : Body lightweight trend puts higher requirements on precision molds
• Globalization Opportunities
  : China’s automobile going overseas brings overseas market opportunities for mold enterprises

• Scale Advantages
  : As an industry leader with obvious scale effects
• Technical Accumulation
  : Deep technical accumulation from years of deep cultivation in the automotive mold field
• Customer Base
  : Stable customer group of complete vehicle factories

1. Technical Upgrade
   : Increase R&D investment to improve mold precision and intelligence level
2. Capacity Optimization
   : Dynamically adjust capacity structure according to market demand
3. Cost Control
   : Improve operational efficiency through lean management

1. New Energy Transformation
   : Focus on developing new energy vehicle-related mold business
2. International Expansion
   : Expand overseas markets with the opportunity of China’s automobile going overseas
3. Industrial Chain Extension
   : Moderately extend to related fields based on mold manufacturing

• Valuation Risk
  : Current PE level is high, there is callback pressure
• Industry Cyclicality
  : Cyclical fluctuations in the automotive industry may affect performance
• Increased Competition
  : Competition in the mold industry may further intensify

Based on the company’s strategic positioning of focusing on main business and fundamental situation, it is recommended that investors:

• Long-term Attention
  : Focus on the company’s technical breakthroughs and market share changes in the automotive mold field
• Short-term Caution
  : Considering the valuation level, need to pay attention to market fluctuation risks in the short term
• Track Performance
  : Focus on quarterly performance fulfillment

Tianqi Mold’s proactive clarification of not participating in the Nine-Day UAV project reflects the management’s

. In the current complex market environment, focusing on core business and avoiding blind diversification is a relatively safe choice. As the company’s core competitive advantage, automotive molds still have large development space, especially under the background of rapid development of new energy vehicles.

The stable performance of the company’s stock price since 2025 also confirms the market’s recognition of its strategy [0]. In the future, if the company can continue to deepen its main automotive mold business, improve technical strength and profitability, it is expected to further consolidate its advantageous position in industry competition and create greater value for shareholders.

[0] Jinling AI Data - Tianqi Mold (002510.SZ) stock price, financial data and company information