更多路演信息请点击：https://rs.p5w.net/html/148398.shtml 鼎佳精密主要从事消费电子功能性及防护性产品的研发、生产和销售，产品广泛应用于笔记本电脑、智 能手机、AR/VR等领域，并积极拓展汽车及新能源市场。此次IPO拟发行不超过2,300万股，发行价 11.16元/股，募集资金主要用于消费电子精密功能性器件、包装材料及防护材料生产项目，预计达产后 新增年产值超7亿元。 董事长李结平表示，募投项目将引进自动化生产线，优化生产工艺，提升产品精密度和生产效率，进一 步增强市场竞争力。公司计划未来三年现金分红比例不低于年均可分配利润的30%，以回馈投资者。 7月21日，苏州鼎佳精密科技股份有限公司（股票代码：920005）北交所上市网上路演在全景网顺利举 行。公司高管及保荐机构平安证券代表与投资者深入交流，介绍公司业务布局及未来发展战略。 ...

Core Viewpoint - Suzhou Dingjia Precision Technology Co., Ltd. successfully held an online roadshow for its listing on the Beijing Stock Exchange, emphasizing its commitment to investor returns and corporate governance [1] Group 1: Company Strategy and Governance - The company plans to establish a stable investor return mechanism, with a cash dividend ratio of no less than 30% of the annual distributable profits over the next three years [1] - It has implemented systems such as the "Cumulative Voting System Implementation Rules" and "Shareholders' Meeting Online Voting Implementation Rules" to ensure the rights of minority shareholders in decision-making [1] - Independent directors will play a supervisory role in major business decisions to ensure compliance and transparency in corporate governance [1] Group 2: Financial Health - The company's debt-to-asset ratio remains stable at around 30%, indicating a solid financial position [1] - Cash flow is robust, with monetary funds expected to reach 257 million yuan by the end of 2024, demonstrating good dividend-paying capability [1] - The company plans to initiate subscription on July 22, with an issue price of 11.16 yuan per share, aiming for accelerated growth through capital markets [1]

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. is actively expanding its business in the automotive and new energy sectors while consolidating its position in the consumer electronics market, aiming for significant growth in customer base and sales revenue from 2022 to 2024 [1] Group 1: Business Expansion - The company plans to increase its research and development investment in the automotive and new energy sectors [1] - The number of relevant customers is projected to grow from 26 to 98 between 2022 and 2024 [1] - Sales revenue is expected to rise from 10.02 million to 22.30 million during the same period [1] Group 2: Product Applications - Company products are already being utilized in applications such as power batteries and new energy thermal management systems [1] - Key clients include He Sheng Co., Ltd. and Magna (Taicang) [1] Group 3: Competitive Advantage - The chairman highlighted that automotive electronics require higher precision and reliability, and the company has developed customized production capabilities in this area due to years of technical accumulation [1] - The company aims to leverage its post-listing financial advantages to further expand market share and create new performance growth points [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 | ...

Core Viewpoint - Dingjia Precision has officially listed on the Beijing Stock Exchange after two rounds of inquiries, raising questions about the necessity of its fundraising amid declining capacity utilization and significant cash reserves [2][8]. Group 1: IPO Details - Dingjia Precision's online issuance attracted 80,300 investors, with 19 million shares allocated, raising 21.2 million yuan, representing a 0.03% allocation rate [2]. - The strategic placement accounted for 4 million shares, or 20% of the total issuance, with a price of 11.16 yuan per share, raising 44.64 million yuan [2]. - The company’s actual controllers, Li Jieping and Cao Yun, hold a combined 89.77% voting rights, being a married couple [2]. Group 2: Compliance Issues - The company disclosed non-compliance with social insurance and housing fund contributions for some employees from 2022 to 2024, with specific numbers of employees not covered [3][4]. - The company explained that some employees were retirees or new hires, and some voluntarily opted out of contributions [3]. - Legal experts emphasized that companies are obligated to pay social insurance and housing funds regardless of employee consent to waive them [4][5]. Group 3: Financial Performance - Dingjia Precision's revenue for 2022-2024 was approximately 329 million yuan, 367 million yuan, and 408 million yuan, with year-on-year changes of -15.99%, 11.47%, and 11.18% respectively [7]. - The net profit attributable to shareholders for the same period was 54 million yuan, 52 million yuan, and 60 million yuan, with year-on-year changes of -30.10%, -3.03%, and 14.63% respectively [7]. - The company reported a gross profit margin of 32.40%, 33.09%, and 30.38% over the three years [7]. Group 4: Fundraising and Expansion Plans - The IPO aims to fund four new projects with a total investment of approximately 302 million yuan, with 255 million yuan expected from the fundraising [8]. - The company plans to increase production capacity for functional and protective products significantly, despite concerns about current capacity utilization rates [8]. - As of 2024, the company holds approximately 257 million yuan in cash, with a current ratio of 2.93 and a quick ratio of 2.78, indicating strong liquidity [8]. Group 5: Investment Cash Flow - Investment cash inflows for 2022-2024 were 495 million yuan, 948 million yuan, and 497 million yuan, primarily from cash recovered from investments [9]. - The company experienced net cash outflows from investment activities of 95.78 million yuan in 2022, with subsequent inflows in 2023 [10]. - The cash flow from investment activities is influenced by the purchase and redemption of structured deposits [10].

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]