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继宁德时代和亿纬锂能之后,第三家来了!
IPO日报· 2025-07-31 08:43
Core Viewpoint - XINWANDA Electronics Co., Ltd. is seeking to list on the Hong Kong Stock Exchange, marking it as the third domestic power battery company to pursue a dual listing after CATL and EVE Energy [1][2]. Company Overview - Founded in December 1997, XINWANDA is headquartered in Shenzhen and was established by brothers Wang Mingwang and Wang Wei. Initially focused on consumer battery Pack business, the company shifted to automotive power batteries in 2008, now offering integrated solutions from cells to systems [2]. - XINWANDA went public on the Shenzhen Stock Exchange in 2011, with a market capitalization of 40.8 billion yuan as of July 30, 2023. The company successfully issued GDRs to list on the Swiss Exchange in 2022 [3]. Market Position - XINWANDA holds a dominant position in the global smartphone battery market with a market share of 34.3% as of 2024. It is also the second-largest manufacturer of batteries for laptops and tablets, with a market share of 21.6%. The company is rapidly rising in the power battery and energy storage sectors, expected to be among the top ten global players in 2024 [3]. Financial Performance - For the years 2022 to 2024 and Q1 2025, XINWANDA reported revenues of 52.162 billion yuan, 47.862 billion yuan, 56.021 billion yuan, and 12.289 billion yuan, respectively. Corresponding profits attributable to shareholders were 1.068 billion yuan, 1.076 billion yuan, 1.474 billion yuan, and 0.387 billion yuan. Q1 2025 saw year-on-year revenue and profit growth of 11.97% and 21.23%, respectively [4]. - In 2024, the revenue breakdown shows that consumer batteries accounted for 54.27%, electric vehicle batteries 27.02%, and energy storage systems 3.37%, with other businesses making up 15.33%. The highest gross margin was from energy storage systems at 20.39%, followed by consumer batteries at 17.65% [4]. Recent Developments - In March 2023, XINWANDA announced a plan for a 4.8 billion yuan private placement to fund various projects, but later withdrew the application in August 2023 to revise the proposal [4][5]. - In July 2023, the company announced plans to spin off its subsidiary, XINWANDA Power Technology Co., Ltd., for an IPO on the Shenzhen Stock Exchange's Growth Enterprise Market, but progress on this front has been slow [5].
永辉超市“背水一战”!
IPO日报· 2025-07-31 04:42
星标 ★ IPO日报 精彩文章第一时间推送 连续四年亏损、关闭半数门店后,这家老牌商超试图通过一场对标胖东来的全面改造重获新生。 7月30日,永辉超市(601933.SH)发布公告,拟向不超过35名特定对象发行A股股票,募集资金总额不超过39.92亿元。这是名创优品今年2月入主后,永 辉首次大规模资本动作。 根据方案,资金将主要用于门店升级改造(32.13亿元)、物流仓储升级改造(3.09亿元)及补充流动资金(4.7亿元)。 此次定增发生在永辉连续四年累计亏损约95亿元、关闭半数门店的背景下。对这家曾经的中国"生鲜第一股"而言,这似乎不仅仅是资金输血,更关乎其生 死转型。 AI制图 四年亏损困境 永辉超市的财务困境已持续多年。 2024年报显示,公司全年实现营业收入675.74亿元,同比减少14.07%;归母净利润亏损14.65亿元,连续四年亏损,总额达95.01亿元。 制图:李昕 导致这一局面的直接原因是永辉激进的闭店策略。2024年,永辉关闭了232家尾部门店,对长期亏损或准备闭店门店的相关资产计提了2.08亿元的减值准 备。 根据定增方案,39.92亿元募集资金将聚焦三大领域: "胖改"进行时 这一定增 ...
告吹仅一个月!先导电科火速找到新“下家”
IPO日报· 2025-07-31 04:42
Core Viewpoint - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. from its parent company, aiming to raise supporting funds through this transaction [1][6]. Group 1: Acquisition Details - Quzhou Development announced its intention to purchase shares of Xian Dao Electronic Technology, including those held by other shareholders, through a share issuance [1]. - The acquisition is significant as it constitutes a related party transaction and is characterized as a "snake swallowing an elephant" deal, given the valuation disparity between the companies involved [6]. Group 2: Company Background - Quzhou Development primarily focuses on investment and real estate development, having undergone a change in control to Quzhou Industrial Group, a state-owned entity [10]. - The company has faced declining real estate sales, with contract sales dropping from 297.36 billion in 2021 to 29.25 billion in 2023, indicating a severe downturn in its core business [11]. Group 3: Financial Performance - The company's revenue has fluctuated over the years, with total revenues of 137.92 billion, 168.91 billion, 128.99 billion, 172.10 billion, and 164.85 billion from 2020 to 2024, while net profits have also shown a downward trend [11]. - Quzhou Development's forecast for the first half of 2025 indicates a significant decline in net profit, expected to be 2.1 billion, down 86% year-on-year [11]. Group 4: Strategic Implications - If the acquisition of Xian Dao Electronic Technology is successful, it could lead to a diversified business model for Quzhou Development, combining real estate, high-tech investments, and semiconductor operations [12].
这家美国公司,要去香港上市!
IPO日报· 2025-07-31 04:42
星标 ★ IPO日报 精彩文章第一时间推送 近日,AIWB INC.(下称"AIWB")向港交所递交上市申请,拟香港主板上市,独家保荐人为浦银国 际。 IPO日报注意到,这家美国建筑公司两位共同创始人出身于当代置业,经历"黄金期"后,转道美国创 业,年赚9000万元,如今准备港股募资扩展东南亚的业务。 AI制图 转道美国创业 AIWB的历史可追溯至2016年10月,由乔廷夫及创始股东于美国成立Wan Pacific。 招股书显示,乔廷夫现年48岁,担任行政总裁、董事会主席和执行董事。乔廷夫拥有丰富的金融教育背 景,包括大连理工大学的国际金融经济学学士学位和卡尔顿大学的综合金融工商管理硕士学位。乔廷夫 在物业建筑行业拥有逾20年的经验,在成立AIWB前,曾于2013 年至2016年担任当代置业的执行副总 裁,主要负责销售管理。 IPO日报结合百度百科来看,乔廷夫是在2005年加入的当代置业(当时名为"当代投资集团"),成为公 司董事会秘书,此后十几年一直在当代置业体系内逐步晋升,成绩斐然。 公开资料显示,当代置业是一家成立于2000年 以 " 绿色科技地产 " 为核心竞争力的港股上市房企 ,股 票代码 0110 ...
这家公司漂亮业绩“有规律”
IPO日报· 2025-07-31 01:30
Core Viewpoint - The article discusses the IPO application of Anhui Jinyan Kaolin New Materials Co., Ltd., highlighting its financial performance, market position, and future plans for fundraising through the Hong Kong Stock Exchange [1][9]. Group 1: Company Overview - Anhui Jinyan was established in 2012 and specializes in coal series kaolin, integrating the entire value chain from mining to sales [3]. - The main products include precision casting mullite materials and refractory mullite materials, essential for high-precision components in various industries [3]. - The company holds the only kaolin mine in Shuli, Huai Bei City, with an estimated total resource of approximately 18.64 million tons as of May 31, 2025 [4][5]. Group 2: Financial Performance - Revenue for the years 2022 to 2024 and the first five months of 2025 was approximately CNY 190 million, CNY 205 million, CNY 267 million, and CNY 105 million, respectively, with net profits showing significant fluctuations [7]. - The average selling price of precision casting mullite materials decreased from CNY 1,554 per ton to CNY 1,307 per ton, contributing to an 8.02% decline in sales volume in 2023 [7]. - The asset-liability ratio increased from 16.2% in 2022 to 42.3% in 2024, indicating a rising financial leverage [8]. Group 3: Market Position - Jinyan holds a 19.1% market share in the precision casting mullite materials sector in 2024, up from 17.9% in 2023 [4]. - The overall market size for kaolin products in China is projected to be approximately CNY 10.16 billion in 2024, with coal series calcined kaolin accounting for about CNY 4.97 billion [4]. Group 4: Future Plans - The company plans to use the funds raised from the IPO for technology research and development, repayment of bank loans, and enhancing the production capacity of refractory mullite materials [9].
这家公司想“躺赢”
IPO日报· 2025-07-31 00:32
星标 ★ IPO日报 精彩文章第一时间推送 "走累了正好按摩休息一下,十几分钟,不耽误什么事儿。"坐落在地铁枢纽站上的上海浦东花木街道某商场人来人往,小 李却旁若无人的躺在乐摩吧按摩椅仓里,边玩手机边享受付费的机器按摩。 AI制图 鹅卵石形态的按摩椅仓几乎包裹住整个身体,按摩椅启动后,椅盖还会下落,从旁边走过的行人只能看到小李露出按摩椅 的双脚,这让这一片按摩椅看起来隐蔽性颇好。 这片乐摩吧有8个按摩仓,包括小李在内的两个人同时在付费按摩,"上座率"达到25%,另有两个按摩仓有人躺着休息, 但机器未在按摩。 上海浦东花木街道某商场内乐摩吧按摩椅 王莹拍摄 争抢"躺赢" 近年来,随着共享经济的发展,除了常见的共享单车、共享充电宝,一些冷门但真实存在的共享衣橱、共享厨房、共享雨 伞、共享睡眠舱、共享工业机床、共享按摩椅、共享儿童玩具……也逐渐出现在我们的生活中。 有的共享产业如共享睡眠舱已被叫停,有的共享产业稳步发展,还有的共享产业已经跑出实现盈利谋求上市的公司。 7月25日,港交所官网显示,共享按摩椅"乐摩吧"的母公司福建乐摩物联科技股份有限公司(下称"乐摩物联")向港交所 主板提交上市申请,中信建投国际、申万 ...
立案调查!这家公司有四大违规行为!
IPO日报· 2025-07-30 10:33
Core Viewpoint - Dahua Intelligent Technology Co., Ltd. is under formal investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to significant stock price declines and financial losses [1][2]. Group 1: Company Overview - Dahua Intelligent focuses on the "one network, one screen" industry, covering information services, satellite communications, and new display manufacturing [2]. - The company is a leading player in the global TV mainboard sector, with an expected shipment of nearly 15 million mainboards in 2024, serving over 200 global brands [2]. Group 2: Financial Performance - The company anticipates a net loss of between 40 million to 60 million yuan for the first half of 2025, contrasting sharply with a profit of 57.37 million yuan in the same period last year [2]. - Financial irregularities have been revealed, including a significant overstatement of profits due to improper accounting practices, leading to inflated profits of 28.91 million yuan in 2022 and 29.29 million yuan in 2023 [4][5]. Group 3: Regulatory Issues - The CSRC's investigation stems from four categories of violations, including failure to disclose a major contract worth 795 million yuan with Kunshan Chimei, which constituted financial assistance and should have been disclosed [2][3]. - Dahua Intelligent did not fulfill its disclosure obligations regarding significant related-party transactions, including a transfer of 140 million yuan to repay the former chairman [4][5]. - The company also prematurely recognized disposal gains from subsidiaries, inflating profits by 61.12 million yuan in 2023, despite not completing control transfers [5].
这家公司曾被口头警告!换审计机构、换会计师、换交易所!
IPO日报· 2025-07-30 09:28
星标 ★ IPO日报 精彩文章第一时间推送 近日,山东胜软科技股份有限公司(下称"胜软科技")再次向港交所递交招股书拟在香港主板上市 独家保荐人为广发证券。这是该公司第2次递表,此前,胜软科技在今年1月23日首次向港交所递 表,后因届满6个月而失效。 毛利率下滑16个百分点 IPO日报注意到,此前谋求上市的胜软科技不仅曾更换签字注册会计师、会计师事务所,还曾从北 交所撤单仅仅三个月后就转道港交所。 制图:佘诗婕 五年三换审计机构 胜软科技位于山东省东营市,成立于2002年1月,是一家致力于为油气田企业、政府单位以及中小 型制造企业提供信息化建设服务的高新技术企业,业务涉及智能油田、智慧城市、工业互联网等领 域。其于2015年8月14日在新三板挂牌,代码:833339。 需要指出的是,原本中审众环会计师事务所(特殊普通合伙)为公司2019年度财务审计机构。到 了 2021年2月,胜软科技改聘任北京国富会计师事务所(特殊普通合伙)为公司2020年年报的审 计机构。2022年1月,胜软科技更换立信会计师事务所(特殊普通合伙)为了公司的年报审计机 构,此后审计了胜软科技2021年—2023年的年报。 2023年6月, ...
控制权变更,终止!股价曾提前涨停……
IPO日报· 2025-07-30 02:30
Core Viewpoint - The announcement from Beijing New Space Technology Co., Ltd. (referred to as "New Space Technology") indicates the termination of the control change plan due to a lack of agreement on core terms between the parties involved, which will not significantly impact the company's operational performance or financial status [2]. Group 1: Company Overview - New Space Technology specializes in lighting engineering system integration, cultural tourism night tour innovation development, and smart city-related businesses, having been listed on the Shanghai Stock Exchange in August 2020 [4]. - The company has reported continuous losses since its listing, with net profits for the years 2021 to 2024 being -20 million, -212 million, -204 million, and -266 million respectively [4]. Group 2: Recent Financial Performance - The company has projected a net loss of between -75 million and -61 million for the first half of 2025, indicating continued losses compared to the same period last year, with a projected non-recurring net profit loss of -73 million to -60 million [4]. Group 3: Shareholder Dynamics - As of the latest disclosure, the actual controller, Gong Lanhai, holds 37.45% of the company's shares, totaling 37,168,589 shares [4]. - Three new institutional or individual shareholders have significantly increased their holdings in the company, becoming the 4th, 7th, and 10th largest shareholders [5][6]. - The stock price of New Space Technology experienced notable fluctuations prior to the trading halt, with a cumulative increase of 42.11% over seven trading days, reaching a closing price of 27.64 yuan, marking a 1.5-year high [6][7].
两年累亏近50亿,这家公司发起关联收购!
IPO日报· 2025-07-30 01:30
Core Viewpoint - The article discusses the acquisition plan of Sinochem International (600500.SH) to purchase 100% equity of Nantong Xingchen Composite Materials Co., Ltd. from China BlueStar Group, which is also controlled by Sinochem. The transaction is expected to enhance the company's competitiveness in the epoxy resin and engineering plastics sectors, despite the ongoing challenges in the chemical industry [1][4][6]. Summary by Sections Acquisition Details - Sinochem International plans to acquire Nantong Xingchen through a share issuance, with the transaction expected to be an affiliated transaction but not a major asset restructuring. The valuation and transaction price of the target asset have yet to be determined [1]. Financial Performance of Nantong Xingchen - Nantong Xingchen's core business includes epoxy resin and engineering plastics, with projected revenues of 4.649 billion yuan, 4.41 billion yuan, and 2.37 billion yuan for 2023, 2024, and the first half of 2025, respectively. Net profits are expected to be 54.05 million yuan, 46.30 million yuan, and 157.53 million yuan for the same periods. Notably, the net profit for the first half of 2025 is projected to exceed the entire profit of 2024 by more than three times, indicating significant performance volatility [4][6]. Industry Context - The chemical industry is characterized by significant cyclical fluctuations, with product demand and prices responding quickly to macroeconomic changes. The current economic slowdown and overcapacity challenges in China have created uncertainties in chemical product pricing, which could adversely affect future performance [4][8]. Business Synergy - The acquisition aims to enhance Sinochem International's competitiveness in the epoxy resin market and leverage synergies in the engineering plastics supply chain. Nantong Xingchen's products complement Sinochem's existing offerings, allowing for a more competitive and differentiated product portfolio [6]. Sinochem International's Financial Challenges - Sinochem International has faced substantial losses, with total losses nearing 5 billion yuan over 2023 and 2024. The company anticipates further losses in the first half of 2025, with revenue from its basic raw materials and intermediates expected to grow by 25%-35%, while high-performance materials are projected to decline by 3%-8% [7][8].