证券代码：920022 证券简称：世昌股份 公告编号：2025-120 河北世昌汽车部件股份有限公司 超额配售选择权实施公告 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。 河北世昌汽车部件股份有限公司（以下简称"世昌股份"、"发行人"或 "公司"）向不特定合格投资者公开发行股票并在北京证券交易所上市（以下简 称"本次发行"）超额配售选择权已于2025年10月18日行使完毕。东北证券股份 有限公司（以下简称"东北证券"）担任保荐机构（主承销商），为具体实施超 额配售选择权操作的获授权主承销商（以下简称"获授权主承销商"）。 二、超额配售选择权实施情况 世昌股份于 2025 年 9 月 19 日在北京证券交易所上市，在北京证券交易所上市 之日起 30 个自然日（含第 30 个自然日，即 2025 年 9 月 19 日至 2025 年 10 月 18 日），获授权主承销商有权使用超额配售股票募集的资金以竞价方式购买发行人股 票，且申报买入价格不得超过本次发行的发行价，购买的股份数量不超过本次超额 配售选择权 ...

Group 1 - The stock of Shichang Co., Ltd. (920022) increased by 2.35% today, with a turnover rate of 26.53% and a trading volume of 146 million yuan, showing a fluctuation of 8.81% [1] - Institutional investors net bought 2.4368 million yuan, while brokerage seats collectively net sold 5.6893 million yuan [1][2] - The stock has appeared on the "Dragon and Tiger List" seven times in the past six months, with an average decline of 1.23% the day after being listed and an average decline of 5.07% over the following five days [4] Group 2 - The top five trading departments accounted for a total transaction amount of 38.2954 million yuan, with a buying amount of 17.5215 million yuan and a selling amount of 20.7740 million yuan, resulting in a net sell of 3.2525 million yuan [2] - Among the trading departments, one institutional seat was present, with a buying amount of 4.4775 million yuan and a selling amount of 2.0407 million yuan, leading to a net buy of 2.4368 million yuan [3]

Core Insights - On October 17, 2025, Shichang Co., listed on the Beijing Stock Exchange, experienced significant trading activity, with a turnover rate of 26.53% and a transaction volume of 4.4086 million shares, amounting to 146 million yuan [1][2]. Trading Activity - The stock's closing price was 32.24 yuan [1]. - The leading buying position was from an institutional investor, purchasing approximately 4.4775 million yuan worth of shares [2]. - The main selling position was from CITIC Securities Co., Ltd., which sold approximately 4.1883 million yuan worth of shares [1][2]. Transaction Details - The top five buying and selling brokerage firms included: - Institutional investor: 4,477,524.15 yuan (buy) [2] - Dongfang Caifu Securities: 3,903,899.04 yuan (buy), 574,553.80 yuan (sell) [2] - Guotai Junan Securities: 3,609,701.63 yuan (buy), 3,330 yuan (sell) [2] - China International Capital Corporation: 2,693,293.07 yuan (buy) [2] - Dongfang Securities: 2,660,000 yuan (buy), 3,990,000 yuan (sell) [2].

证券代码：920022 证券简称：世昌股份 公告编号：2025-119 河北世昌汽车部件股份有限公司 2025 年第四次临时股东会决议公告 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 10 月 10 日 2.会议召开地点：公司二楼会议室 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：董事长高士昌 6.召开情况合法合规的说明： 本次股东会的召集、召开程序，出席会议人员资格及召集人资格、会议的表 决程序等事项，均符合《公司法》、《公司章程》及其他有关法律、法规及规范性 文件的规定，表决结果合法、有效。 （二）会议出席情况 出席和授权出席本次股东会的股东共 5 人，持有表决权的股份总数 34,806,000 股，占公司有表决权股份总数的 60.05%。 二、议案审议情况 （一）审议通过《关于制定<会计师事务所选聘制度>的议案》 1.议案表决结果： 同意股数 34,806,000 股，占本次股东 ...

北京德恒律师事务所 关于河北世昌汽车部件股份有限公司 2025年第四次临时股东会的 法律意见 - 90 德 恒 律 师 事 务 所 DeHeng Law Offices 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于河北世昌汽车部件股份有限公司 2025 年第四次临时股东会的法律意见 北京德恒律师事务所 关于河北世昌汽车部件股份有限公司 2025年第四次临时股东会的 法律意见 德恒 01F20250372-2 号 致:河北世昌汽车部件股份有限公司 北京德恒律师事务所(以下简称"本所")接受河北世昌汽车部件股份有限公 司(以下简称"公司")的委托,指派本所律师出席公司 2025 年第四次临时股东会 (以下简称"本次股东会")并出具法律意见。本法律意见根据《中华人民共和国 公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证 券法》")等法律、法规及《河北世昌汽车部件股份有限公司章程》(以下简称"《公 司章程》")、《河北世昌汽车部件股份有限公司股东会议事规则》(以下简称" ...

Group 1 - The report emphasizes the normalization of the Beijing Stock Exchange (BSE) issuance, focusing on seven key indicators and a five-dimensional quantitative model to identify high-quality stocks for investment opportunities [3][11][19] - The seven indicators include net assets, market capitalization, net profit attributable to the parent company, return on equity (ROE), revenue growth rate, R&D investment, and revenue proportion, which cover aspects of scale, profitability, growth, and innovation [3][12][20] - The five-dimensional model assesses industry prosperity, company competitiveness, financial health, market scarcity, and risk controllability to filter for "high growth, high barrier, and high scarcity" companies on the BSE [19][20] Group 2 - As of October 10, 2025, a total of 39 new stocks have been successfully listed on the BSE since 2024, with an average net asset of 619 million yuan and an average first-day market capitalization of 3.573 billion yuan [11][12] - The average revenue for these companies in 2024 was 743 million yuan, with an average net profit of 92 million yuan and an average ROE of 17.89% [12][13] - The report identifies seven high-quality companies currently in the second round of inquiries and not yet approved for listing, including JieLi Technology, JinTai Co., MiRui Technology, DingLi Technology, YuanLi Digital, ShangHang Technology, and HaiFeiMan [3][21][24] Group 3 - The BSE 50 Index closed at 1,506.91 points with a TTM PE of 70.79X, while the specialized and innovative index reported 2,596.13 points with a TTM PE of 80.25X [4][31][36] - The average daily trading volume for BSE A-shares reached 19.338 billion yuan, reflecting a 16.39% increase from the previous week, with a daily turnover rate of 4.21% [4][28][30] - The report highlights the performance of various sectors, indicating that high-end equipment, information technology, new chemical materials, consumer services, and pharmaceutical biology sectors have varying TTM PEs, suggesting a focus on technology growth and undervalued stocks [4][26][31]

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Insights - The North Exchange's stock trading activity remains active, with a total of 277 listed companies and a total market capitalization of 868.79 billion yuan as of September 30, 2025 [11][10] - The North Exchange 50 index has a PE-TTM of 50.90 times, ranking in the 88.25th percentile over the past two years, while the PB-MRQ is 13.18 times, in the 95.46th percentile [24][25] - The report highlights a mixed performance across industries, with the only rising sector being construction materials, while defense, agriculture, social services, food and beverage, and telecommunications sectors saw declines [32][29] Summary by Sections Market Overview - The North Exchange's trading volume for September was 26.028 billion shares, with a transaction value of 615.638 billion yuan, showing a 0.2% increase in volume but a 4.1% decrease in value compared to the previous month [10][15] - The average daily margin balance reached 7.673 billion yuan, an increase of 11.28% month-on-month, with peak margin balances nearing 8 billion yuan [21][21] Valuation - As of September 30, 2025, the North Exchange 50 index's PE-TTM is 50.90 times, and the PB-MRQ is 13.18 times, indicating high valuation levels compared to historical data [24][25] - The highest median PE among industries is in light manufacturing at 104 times, followed by computer and construction materials at 98 and 88 times respectively [25][28] Industry Performance - The North Exchange's dual indices showed a downward trend in September, with the specialized index down 4.44% and the North Exchange 50 down 2.90% [29][30] - The only sector that saw an increase was construction materials, while significant declines were noted in defense, agriculture, social services, food and beverage, and telecommunications [32][29] New Listings - Three new companies were listed this month: Sanxie Electric (920100.BJ), Jinhua New Materials (920015.BJ), and Shichang Co., Ltd. (920022.BJ) [11][3] - The total number of listed companies on the North Exchange is now 277, with a total market capitalization of 868.79 billion yuan [11][10]

Issuance and Market Performance - In the first nine months of 2025, a total of 15 companies completed their IPOs, raising 4.9 billion yuan, surpassing the total fundraising of 2024[2] - In September, three companies went public, raising 0.92 billion yuan, maintaining an accelerated IPO pace[2] - The average first-day increase for newly listed companies in September was 397%, with the average for Q3 2025 at 339%[2][24] Subscription Trends - The average subscription amount for September reached a record high of 724.8 billion yuan, with the average for Q3 at 130.7 million yuan, significantly higher than the previous quarter's 91.8 million yuan[2][27] - The average subscription amount for the first nine months of 2025 was 607.9 billion yuan, a substantial increase from 36.9 billion yuan in 2023 and 212.9 billion yuan in 2024[27] - The average expected return for top-tier subscriptions in September was 46,000 yuan, with an overall expected return of 340,000 yuan for the first nine months[31] Company Quality and Financial Metrics - The average revenue for newly listed companies in 2024 was 0.89 billion yuan, with an average net profit of 0.13 billion yuan, indicating a significant improvement in financial metrics compared to previous years[35] - The average gross margin for newly listed companies in 2024 was 28%, reflecting an upward trend in company quality[35] Market Dynamics and Risks - The online subscription success rate has decreased to an average of 0.044% in the first nine months of 2025, indicating increasing competition for new shares[27] - Risks include potential changes in IPO review policies and market enthusiasm for new listings[2]

世昌股份（920022）今日下跌4.56%，全天换手率22.04%，成交额1.19亿元，振幅6.18%。龙虎榜数据显 示，营业部席位合计净买入26.84万元。 北交所公开信息显示，当日该股因日换手率达22.04%上榜，营业部席位合计净买入26.84万元。 近半年该股累计上榜龙虎榜6次，上榜次日股价平均跌1.12%，上榜后5日平均跌3.78%。（数据宝） 世昌股份9月29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 | 华泰证券股份有限公司上海武定路证券营业部 | 450.88 | 10.34 | | 买二 | 广发证券股份有限公司烟台环山路营业部 | 324.00 | 0.00 | | 买三 | 大通证券股份有限公司抚顺新华大街证券营业部 | 248.99 | 346.77 | | 买四 | 国信证券股份有限公司重庆分公司 | 229.25 | 0.00 | | 买五 | 中信建投证券股份有限公司常熟锁澜南路证券营业部 | 216.55 | 11.37 | | 卖一 | 国金证券股份有限公司深圳分 ...

Group 1 - The report indicates that the proportion of strong stocks on the Beijing Stock Exchange (北交所) has dropped to a low level, specifically to 20.9%, reflecting a continuous decline in market enthusiasm since the reversal of micro盘 factors in the first half of the year [8][11][14] - The North Exchange 50 index fell by 3.11% this week, underperforming compared to other indices such as the Shanghai Composite Index and the ChiNext Index, with a trading atmosphere declining ahead of the holiday [8][17][18] - The report highlights that sectors such as semiconductors, precious metals, and consumer electronics are performing well, while the consumer and service industries are weaker [8][17] Group 2 - This week, one new stock, JinHua New Materials, was listed on the North Exchange, with a first-day increase of 133% and a turnover rate of 91.23% [30][31] - The report notes that the trading volume on the North Exchange was 4.549 billion shares, a decrease of 20.67% week-on-week, and the trading amount was 106.686 billion yuan, down 21.65% [25][27] - The report mentions that 20 stocks rose while 256 stocks fell, resulting in a rise-fall ratio of 0.08, with notable gainers including Chuangyuan Xinke and Guangxin Technology [37][40]