Market Performance - The specialized equipment sector increased by 1.41% on August 13, with Zhongyou Technology leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers in Specialized Equipment Sector - Zhonglang Technology (688648) closed at 57.80, up 19.99% with a trading volume of 152,100 shares and a transaction value of 789 million [1] - Dongfang Precision (002611) closed at 18.98, up 10.03% with a trading volume of 2,311,500 shares and a transaction value of 4.214 billion [1] - Jack Shares (603337) closed at 51.76, up 10.01% with a trading volume of 63,700 shares and a transaction value of 320 million [1] - Other notable gainers include Yangtian Shares (603800), Hongya CNC (002833), and Zhongjian Technology (002779), all increasing by 10% [1] Market Capital Flow - The specialized equipment sector experienced a net outflow of 27.4968 million from institutional investors, while retail investors saw a net inflow of 726 million [2] - The overall market showed a mixed trend with significant outflows from speculative funds amounting to 699 million [2] Individual Stock Capital Flow - Dongfang Precision (002611) had a net inflow of 293 million from institutional investors, while it faced a net outflow of 91.9517 million from speculative funds [3] - Zhongjian Technology (002779) reported a net inflow of 243 million from institutional investors, with a significant outflow from speculative funds [3] - Other stocks like Hongya CNC (002833) and Wuchan Jinlun (002722) also showed varying capital flows, indicating diverse investor sentiment [3]

Company Overview - Full name: Wuxi Dingbang Heat Exchange Equipment Co., Ltd [1] - Abbreviation: Wuxi Dingbang [1] - Stock code: 872931.BJ [1] - IPO application date: June 30, 2023 [1] - Listing date: April 8, 2024 [1] - Listing board: Beijing Stock Exchange [1] - Industry: Specialized Equipment Manufacturing [1] - IPO sponsor: Dongwu Securities [1] - Lead underwriters: Dongwu Securities [1] - Legal advisor: Jiangsu Xinsu Law Firm [1] - Audit firm: Zhongxinghua Accounting Firm (Special General Partnership) [1] Regulatory and Compliance - Disclosure issues: Required to disclose risks related to project implementation, fixed asset depreciation, and sales data for specific products [2][3] - Regulatory penalties: Received a verbal warning from the National Equities Exchange and Quotations for failing to disclose external guarantees and loan transfer matters [2] - Public opinion supervision: No deductions [3] - Listing cycle: Listed in 283 days, shorter than the average of 629.45 days for 2024 A-share listings [3] - Multiple applications: Not applicable, no deductions [3] Financial Performance - Underwriting fees: Total underwriting and sponsorship fees amounted to 12.809 million yuan, with a commission rate of 7.19%, lower than the average of 7.71% [4] - First-day performance: Stock price increased by 64.52% on the first day of listing [5] - Three-month performance: Stock price increased by 20.67% compared to the issue price [6] - Issuance P/E ratio: Issued at a P/E ratio of 14.58, significantly lower than the industry average of 26.57, representing 54.87% of the industry average [7] - Actual fundraising: Expected to raise 222 million yuan, but actual fundraising was 178 million yuan, a decrease of 19.74% [8] - Short-term performance post-listing: In 2024, revenue decreased by 8.55% year-on-year, net profit attributable to shareholders decreased by 16.79%, and non-recurring net profit decreased by 16.60% [8] Overall Assessment - Total score: Wuxi Dingbang's IPO project scored 84 points, classified as B-level [9] - Negative factors affecting score: Disclosure quality needs improvement, regulatory penalties for disclosure violations, reduced actual fundraising, and declines in revenue and profit in the first accounting year [9]

Investment Rating - The report does not explicitly provide an investment rating for the industry, but it suggests focusing on sectors with technological scarcity and high financial growth potential, particularly in solid-state batteries, AI hardware, and fertility subsidies [3][19]. Core Insights - The market experienced fluctuations with a notable decrease in trading volume, where the North Exchange A-share trading amount reached 24.24 billion, down by 4.23 billion from the previous trading day [1][7]. - The report highlights the importance of monitoring sectors such as solid-state batteries and AI hardware, which are expected to benefit from recent developments and policy support [3][19]. - The upcoming earnings reports are anticipated to drive structural market trends, with a focus on companies showing high growth potential [3][19]. Summary by Sections Market Review - On July 28, the North Exchange A-share trading volume was 24.24 billion, a decrease of 4.23 billion from the previous day, with the North Exchange 50 Index closing at 1455.37, down 0.25% [1][7]. - Among 268 companies listed, 153 saw an increase in stock prices, while 106 experienced declines, indicating a mixed market performance [1][16]. Important News - The Ministry of Industry and Information Technology emphasized the need to consolidate the results of the comprehensive rectification of the new energy vehicle industry and strengthen governance in the photovoltaic sector [19]. - The State Administration for Market Regulation announced measures to combat low-quality and low-price competition among enterprises [20]. Key Company Announcements - Zizhong Temple announced plans to use up to 290 million yuan of idle funds for low-risk short-term financial products to enhance capital efficiency [21]. - Kairun Intelligent Control received a termination notice from the North Exchange regarding its application for a specific stock issuance [22]. - Dadi Electric announced the establishment of a wholly-owned subsidiary in Anhui Province with a registered capital of 50 million yuan to enhance production capacity [23].

无锡鼎邦换热设备股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 无锡鼎邦换热设备股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 28 日召开的股东会审议通过，本次实施分配方案距离股东会审议通过的时间 未超过两个月。 现将权益分派事宜公告如下： 证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-039 （2）对合格境外投资者股东，根据国税函[2009]47 号，公司按 10%的税率 代扣代缴所得税后，实际每 10 股派发 0.9 元。 （3）对于合格境外投资者之外的其他机构投资者和法人股东，本公司未代 扣代缴所得税，由纳税人在所得发生地缴纳。 二、权益登记日与除权除息日 本次权益分派权益登记日为：2025 年 7 月 9 日 除权除息日为：2025 年 7 月 10 日 本次权益分派基准日合并报表归属于母公司的未分配利润为 128,407,548.01 元，母公司未分配利润为 130,957,040.81 元。本次权益分派 ...

证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-037 无锡鼎邦换热设备股份有限公司 2024 年年度股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 5 月 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场投票和网络投票相结合 4.会议召集人：董事会 5.会议主持人：董事长王仁良先生 6.召开情况合法合规的说明： 1.议案表决结果： 同意股数 69,184,200 股，占本次股东会有表决权股份总数的 100%；反对股 数 0 股，占本次股东会有表决权股份总数的 0%；弃权股数 0 股，占本次股东会 有表决权股份总数的 0%。 2.回避表决情况 本议案不涉及关联交易，无需回避表决。 因网络投票办理原因，为保护中小投资者权益，本次会议延期通知未能在原 定会议召开日期前二个交易日进行公告。除此之外，公司本次会议的召集、召开 程序符合法律、行政法规、规章、规范性文件、《股东会规则》及《公司章 ...

江苏新苏律师事务所 地址：江苏省苏州市高新区邓尉路6号2楼 邮编：215011 电话：0512-67010501 传真：0512-67010500 关于无锡鼎邦换热设备股份有限公司 2024年年度股东会 之 法律意见书 江苏新苏律师事务所 法律意见书 江苏新苏律师事务所 关于无锡鼎邦换热设备股份有限公司 二〇二五年五月 2024年年度股东会之法律意见书 为出具本法律意见书，本所律师谨作如下声明： 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日以 前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整， 所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏， 并承担相应法律责任。 为出具本法律意见书，本所律师对本次股东会所涉及的有关事项进行了审查， 查阅了相关会议文件，并对有关问题进行了必要的核查和验证。公司已向本所保 证和承诺，其已提供了本所律师认为出具本法律意见书所必需的材料，所提供的 原始材料、副本、复印件等材料、 ...

Group 1 - Wuxi Dingbang (872931) experienced a significant increase of 10.98% in its stock price, with a trading volume turnover rate of 35.96% and a total transaction amount of 220 million yuan, indicating high market activity [2] - The stock was listed on the North Exchange due to its turnover rate reaching 35.96%, with a net buying amount of 1.3815 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 48.2475 million yuan, with a buying transaction amount of 24.8145 million yuan and a selling transaction amount of 23.4330 million yuan, resulting in a net buying of 1.3815 million yuan [2] Group 2 - The largest buying brokerage was Guosen Securities Co., Ltd. Zhejiang Branch, with a buying amount of 7.4209 million yuan, while the largest selling brokerage was CITIC Construction Investment Securities Co., Ltd. Beijing Dongcheng Branch, with a selling amount of 4.3852 million yuan [2] - Detailed trading information shows that the top five buying brokerages included Guosen Securities Zhejiang Branch, Dongfang Caifu Securities Lhasa East Ring Road Second Securities Brokerage, and others, while the top five selling brokerages included CITIC Construction Investment, Xinda Securities, and others [2]

证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-036 关于 2024 年年度股东会延期公告 （一） 股东会召开日期和时间 1、现场会议召开时间：2025 年 5 月 28 日 14:00-15:00，预计会期 0.5 天。 2、网络投票起止时间：2025 年 5 月 27 日 15:00—2025 年 5 月 28 日 15:00。 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、 会议召开基本情况 二、 延期召开股东会原因 因网络投票办理原因，公司原定会议时间无法进行网络投票，为保护中小投资者权 益，经公司慎重考虑，决定将 2024 年年度股东会延期召开。 除会议时间变更外，股权登记日、会议地点、召开方式、审议事项及登记方式等其 他事项均保持不变。 三、 延期后股东会基本情况 （一） 股东会届次 本次会议为 2024 年年度股东会。 （二） 原股东会召开日期和时间 1、现场会议召开时间：2025 年 5 月 22 日 14:00-15:00，预计会期 0.5 天。 2、网络投票起止 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 16, 2025, via the Zhongzheng Roadshow Center [3] - Participants included company executives and investors attending the 2024 annual report and Q1 2025 performance briefing [3] Group 2: Fundraising and Project Progress - The company raised a net amount of 161 million CNY from its public offering on April 8, 2024, with 102 million CNY utilized in 2024 [5] - The fundraising projects include an annual production of 65,000 heat exchangers and air coolers, 100,000 sets of intelligent warehousing logistics equipment, and a research center, with construction progressing well [5] Group 3: Research and Development Plans - In 2024, the company allocated 16.69 million CNY for R&D, representing 4.16% of its revenue, an increase of 0.45 percentage points from 2023 [5] - The company holds 10 invention patents and over 50 utility model patents, with plans to increase R&D investment to enhance technology and innovation [5] Group 4: Shareholder and Acquisition Plans - The company plans to hold its annual shareholder meeting on May 22, 2025, to discuss the 2024 profit distribution plan [6] - Currently, there are no acquisition plans, but the company is open to strategic opportunities that align with its core business [6] Group 5: International Business Development - In 2024, the company achieved its first overseas revenue of 14.71 million CNY, amid a competitive domestic market [7] - The company aims to expand its international client base and establish partnerships with major global refining companies such as BP, TOTAL, and Chevron [7] Group 6: Shareholder Actions - The major shareholders and actual controllers currently have no plans for share reduction [7]

| 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | 保荐机构及时审阅了公司信息披露 | | | 文件。 | | 2、督导公司建立健全并有效执行规则制度的情况 | 保荐机构督导公司建立健全规则制 | | | 度（包括但不限于防范控股股东及 | | | 关联方占用资金管理制度、募集资 | | | 金管理制度、内控制度、内部审计 | | | 制度、关联交易管理制度等），本 | | | 督导期内，无锡鼎邦有效执行了规 | | | 则制度。 | | 3、募集资金使用监督情况 | 保荐机构定期查阅公司募集资金账 | | | 户对账单，核查公司募集资金使用 | | | 情况；每半年度前往公司现场核查 | | | 募集资金使用情况。本督导期内， | | | 无锡鼎邦募集资金存放与使用符合 | | | 相关规定。 | | 4、督导公司规范运作情况 | 保荐机构通过日常沟通、现场核查、 | | | 访谈、查阅资料等方式，督促公司 | | | 规范运作；本持续督导内，公司在 | | | 规范运作方面不存在重大违规。 | | 5、现场检查情况 | 保荐机构分别开展了无锡鼎邦 2024 | | | ...