Core Viewpoint - Suzhou Dingjia Precision Technology Co., Ltd. successfully held an online roadshow for its listing on the Beijing Stock Exchange, highlighting its business layout and future development strategy [1] Company Overview - The company emphasizes its core competitiveness in technological research and development capabilities, holding 208 patents as of March 2025, including 20 invention patents [1] - Dingjia Precision has been recognized as a "National Specialized and Innovative Small Giant Enterprise" [1] Technology and Production - Key processes include die-cutting multi-layer combination asynchronous processing technology and die-cutting induction positioning technology, which enhance production efficiency and material utilization while reducing production costs [1] - The company maintains a stable R&D investment ratio of approximately 5.5% from 2022 to 2024 and plans to increase R&D efforts to keep pace with technological iterations in the consumer electronics industry [1] Strategic Partnerships and Market Expansion - The company has established long-term collaborations with well-known manufacturers such as Compal Electronics and Delta Electronics, with products ultimately applied in international brands like Dell, HP, and Lenovo [1] - Future plans include optimizing product structure and expanding applications in the automotive and new energy sectors to increase market share [1]

Core Viewpoint - Suzhou Dingjia Precision Technology Co., Ltd. has successfully held an online roadshow for its listing on the Beijing Stock Exchange, marking a significant step into the capital market, aiming to leverage capital to strengthen its industry position [1] Company Overview - Established in 2007, the company focuses on the design, research and development, production, and sales of functional and protective products for consumer electronics, with applications in laptops, tablets, smartphones, and servers, while actively expanding into the automotive and new energy markets [3] Technological and Competitive Advantages - The company holds 208 patents as of March 31, 2025, including 20 invention patents and 188 utility model patents, and has been recognized as a "High-tech Enterprise" and a "National Specialized and Innovative Small Giant" [5] - Continuous innovation in core processes such as die-cutting multi-layer combination asynchronous processing and die-cutting sensing positioning technology has led to improved production efficiency and cost optimization [5] - R&D investment has remained stable at around 5.5% from 2022 to 2024, ensuring product competitiveness [5] Financial Performance - Revenue is projected to grow from 326 million yuan in 2022 to 404 million yuan in 2024, with a gross margin maintained above 30% [5] - The company has a stable asset-liability ratio of around 30% and sufficient cash flow, with monetary funds expected to reach 257 million yuan by the end of 2024 [9] Market Expansion and Future Growth - The company plans to use funds raised from the issuance primarily for the production of precision functional devices, packaging materials, and protective materials, with an expected annual output value exceeding 700 million yuan upon reaching full capacity [7] - The number of clients in the automotive and new energy sectors is expected to increase from 26 in 2022 to 98 in 2024, with related revenue projected to double over three years [7] - The company aims to deepen its market presence in Southeast Asia and South China through a new production base in Vietnam, which is set to commence operations in 2024 [5] Industry Outlook - The functional device industry is anticipated to experience a new wave of growth driven by innovations in consumer electronics propelled by 5G and AI technologies, alongside a global industrial chain shift towards China [11] - The company has gained recognition from leading downstream clients and plans to continue focusing on technological innovation while expanding into high-value sectors such as AR/VR and automotive electronics [11]

Investment Rating - The report maintains an "Outperform" rating for the industry [2] Core Insights - The trading activity on the Beijing Stock Exchange (BSE) slightly decreased compared to the previous month, while the margin financing and securities lending (two-in-one) balance reached a historical high [1] - The total number of listed companies on the BSE is 269, with a total market capitalization of 838.455 billion and a circulating market value of 513.506 billion [1][23] - The BSE's stock trading volume and transaction amount for the month were 26.763 billion shares and 585.584 billion, reflecting a month-on-month decrease of 0.9% and 3.7% respectively [1][34] - The average daily two-in-one balance for July reached 6.045 billion, marking a month-on-month increase of 9.51% [1][43] Market Overview - As of July 31, the PE ratio of the BSE 50 Index was 48.04, positioned at the 85.15th percentile over the past two years, while the PB ratio was 9.34, at the 91.13th percentile [4][48] - The dividend yield was 0.74, at the 7.23rd percentile over the past two years [48] - The computer industry had the highest median PE ratio at 125, followed by building materials at 107 and communications at 105 [50] Industry Performance - The BSE 50 Index showed a downward trend, closing down 1.6797% for the month, while the specialized index also fell by 2.7020% [5][55] - The report indicates mixed performance across industries, with notable gains in construction decoration, pharmaceuticals, building materials, textiles, and environmental services, while transportation, communications, defense, media, and automotive sectors saw declines [61] New Listings - One new company, Dingjia Precision (920005.BJ), was listed this month, bringing the total number of companies on the BSE to 269 [1][20] Financial Performance of Key Companies - Dingjia Precision reported a total revenue of 1,007.218 million for the first quarter of 2025, with a year-on-year growth rate of 20.36% [85] - The company has received multiple accolades, including "High-tech Enterprise" and "National Specialized and New Small Giant Enterprise" [84]

每经讯，2025年8月6日，北交所上市公司鼎佳精密（920005，收盘价：53.84元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到27.80%，成交数量528.13万股，成交金额2.76亿元。买一席位为机构专用，买入559.61万元；卖一席位为中原 证券股份有限公司深圳分公司，卖出1374.1万元。 | | 2025-08-06鼎佳精密 (920005) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ਜੇਟ ਹ | 机构专用 | 5596092.44 | 842997.13 | | 买2 | 国信证券股份有限公司深圳红岭中路证券营业部 | 5555183.23 | 1043518.12 | | 址3 | 国金证券股份有限公司深圳分公司 | 5241955.3 | 217383.72 | | 买4 | 国信证券股份有限公司上海自贸试验区分公司 | 4046485.92 | 0 | | ગ્રેસ | 浙商证券股份有限公司金华分公司 | 3623896.12 | 219917 | | 卖1 | ...

在经历了两轮问询后，鼎佳精密（920005.BJ）近日正式登陆北交所。据了解，鼎佳精密此前网上发行 获配户数为8.03万户，网上获配股数为1900.00万股，网上获配金额为2.12亿元，网上获配比例为 0.03%。本次发行，鼎佳精密战略配售股份合计400.00万股，占本次发行规模的20%（不含超额配售部 分股票数量），发行价格11.16元/股，战略配售募集资金金额合计4464.00万元。 《中国经营报》记者注意到，作为鼎佳精密实控人的李结平、曹云，直接和间接合计控制鼎佳精密 89.77%的股份表决权，二人为夫妻关系。而据其此前披露的招股书，鼎佳精密在社保、公积金等方面 或存在违法违规情况。此外，在原产能利用率下降且手握大量现金用来理财的情况下，也让外界对鼎佳 精密此次募资的必要性打上疑问。 人社局称不缴纳社保属违法 鼎佳精密招股书披露，2022—2024年间，公司员工分别为393人、436人、522人。2024年有15人未缴纳 养老、失业、工伤保险，有17人未缴纳医疗、生育保险；2023年有29人未缴纳养老、失业、工伤保险， 有30人未缴纳医疗和生育保险；2022年有8人未缴纳上述5类社会保险。而在公积金方面 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Insights - The North Exchange saw a historical high in margin trading balance, with an average daily value of 6.045 billion yuan, reflecting a 9.51% increase month-on-month [25] - The North Exchange 50 Index's price-to-earnings ratio (PE-TTM) is 48.04, placing it at the 85.15th percentile over the past two years, while the price-to-book ratio (PB-MRQ) is 9.34, at the 91.13th percentile [28][29] - The report highlights a mixed performance across industries, with notable gains in construction decoration, pharmaceutical biology, and building materials, while sectors like transportation and communication experienced declines [37] Market Overview - As of July 31, 2025, the North Exchange had 269 listed companies with a total market capitalization of 838.455 billion yuan and a circulating market value of 513.506 billion yuan, showing a month-on-month change of -1.2% and 0.0% respectively [15] - The trading volume for the month was 26.763 billion shares, with a total transaction amount of 585.584 billion yuan, reflecting a decrease of 0.9% and 3.7% month-on-month [19][20] Industry Performance - The North Exchange 50 Index declined by 1.6797% for the month, contrasting with gains in major indices such as the Shanghai and Shenzhen 300, which rose by 3.5444% [32] - The report indicates that the construction decoration, pharmaceutical biology, and building materials sectors showed positive returns, while transportation, communication, and defense industries faced significant declines [37] New Listings and Market Activity - One new company, Dingjia Precision (920005.BJ), was listed this month, bringing the total number of companies on the North Exchange to 269 [4][15] - The report notes that 140 companies updated their listing project review status, with 4 accepted and 96 in inquiry [4] Valuation Metrics - The report provides a detailed breakdown of industry median price-to-earnings ratios, with the computer sector leading at 125 times, followed by building materials at 107 times and communication at 105 times [28][29]

Group 1 - The core point of the article is that Dingjia Precision, a company listed on the Beijing Stock Exchange, experienced significant trading activity on August 5, 2025, with a turnover rate of 24.92% and a trading volume of 4.735 million shares, amounting to a transaction value of 252 million yuan [1] Group 2 - The top buying seat was from Zhongyuan Securities Co., Ltd. Shenzhen Branch, which purchased shares worth 14.3424 million yuan [1] - The top selling seat was from Caitong Securities Co., Ltd. Hangzhou Qingchun Road Third Securities Business Department, which sold shares worth 6.1997 million yuan [1]

鼎佳精密（920005）今日上涨0.76%，全天换手率24.92%，成交额2.52亿元，振幅5.03%。龙虎榜数据显 示，营业部席位合计净买入227.15万元。 具体来看，今日上榜营业部中，第一大买入营业部为中原证券股份有限公司深圳分公司，买入金额为 1434.24万元，第一大卖出营业部为财通证券股份有限公司杭州庆春路第三证券营业部，卖出金额为 619.97万元。（数据宝） 鼎佳精密8月5日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 中原证券股份有限公司深圳分公司 | 1434.24 | 0.00 | | 买二 | 财达证券股份有限公司秦皇岛迎宾路营业部 | 900.59 | 0.00 | | 买三 | 东方财富证券股份有限公司拉萨团结路第二证券营业 部 | 384.37 | 504.34 | | 买四 | 东方财富证券股份有限公司拉萨团结路第一证券营业 部 | 358.39 | 293.22 | | 买五 | 华福证券有限责任公司厦门湖滨南路证券营业部 | 331.52 | 306.84 | ...

- The report tracks the recent performance of the IPO market, focusing on the Sci-Tech Innovation Board (STAR Market), ChiNext, and the Main Board, assuming all stocks are fully subscribed and sold at the average market price on the first day of listing, excluding lock-up restrictions[2][10] - As of August 1, 2025, the IPO yield for a 2 billion A-class account is 1.92%, while for a 10 billion A-class account, it is 0.61%[2][10] - The average first-day increase for STAR Market stocks is 218.45%, and for ChiNext stocks, it is 227.38%, based on the performance of 20 recently listed stocks[2][20] - The median number of valid bidding accounts for STAR Market IPOs is approximately 3,062 for A-class accounts and 1,602 for B-class accounts, while for ChiNext IPOs, the numbers are 3,630 and 2,080, respectively[2][27] - The report calculates the theoretical full subscription income for each stock using the formula: **Full Subscription Quantity = Maximum Subscription Limit × Average Offline Winning Rate** **Full Subscription Income = (First Board Price - Initial Offering Price) × Full Subscription Quantity**[39][42] - The highest full subscription income among recent IPOs is 141.4 million yuan for Huadian New Energy, followed by 44.18 million yuan for Yitang Co., and 17.26 million yuan for Shanda Electric[42][45] - For A-class accounts, the cumulative IPO yield since 2024 is 5.65% for a 2 billion account, while for 2025 alone, it is 1.92%[47][48] - For B-class accounts, the cumulative IPO yield since 2024 is 4.64% for a 2 billion account, while for 2025 alone, it is 1.72%[51][52]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [36]. Core Insights - The aerospace and drone sectors are highlighted as potential catalysts for investment opportunities [3]. - The military industry sector showed significant performance, with notable stock increases for companies like Xingchen Technology (15.9%) and Tongyi Aerospace (7.0%) [3][17]. - The report emphasizes the ongoing interest in innovative pharmaceuticals, AI hardware technology iterations, and new production capabilities, driven by policy benefits and industrial capital [3]. - The North Exchange is expected to strengthen its investment value due to policy-driven and fundamental improvements as more quality companies list on the exchange [3]. Summary by Sections Market Review - On August 4, the North Exchange A-share trading volume reached 19.81 billion yuan, a decrease of 1.92 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1433.25, up 0.96% [7][15]. - The North Exchange specialized index closed at 2460.21, increasing by 1.42% [7]. Stock Performance - Among the 269 companies on the North Exchange, 158 saw stock price increases, 4 remained flat, and 107 experienced declines [17]. - The top five gainers included Xingchen Technology (15.9%), Tongyi Aerospace (7.0%), and Sanyuan Gene (6.9%) [17][19]. - The top five decliners included Shengtong Valley (-8.5%), Dingjia Precision (-4.9%), and Datang Pharmaceutical (-4.9%) [17][19]. Important News - Significant progress was reported in the development of an AIDS vaccine in China, marking a milestone in the field [20]. - Shanghai's government is promoting the inclusion of more companies in integrated circuits, biomedicine, and artificial intelligence sectors under the "Explorer Program" [21]. Key Company Announcements - Huitong New Materials reported a revenue of 112 million yuan for the first half of 2025, a year-on-year increase of 8.37%, with a net profit of 24 million yuan, up 27.58% [22]. - Guanzhi International announced a revenue of 247 million yuan for the first half of 2025, reflecting a 5.20% year-on-year growth, with a net profit of 46 million yuan, up 7.12% [29].