Group 1 - The company, Ningbo Nengzhiguang New Materials Technology Co., Ltd., is engaged in the research, production, and sales of polymer additives and functional polymer materials, recognized as a national-level specialized and innovative "little giant" enterprise [2] - As of the signing date of the prospectus, Ningbo Weili Te directly holds 26.46% of the company's shares, making it the controlling shareholder, with Zhang Farou as the actual controller holding a total of 51.13% voting rights [3] - The company plans to raise approximately 106.58 million yuan for the expansion of functional polymer materials and the construction of a research and development center [3] Group 2 - The company is set to issue shares at a price of 7.21 yuan per share, with an expected total fundraising amount of 106.56 million yuan before the exercise of the over-allotment option, and a net amount of approximately 87.31 million yuan after deducting issuance costs [4] - If the over-allotment option is fully exercised, the total fundraising amount could reach approximately 122.55 million yuan, with a net amount of about 101.74 million yuan after costs [4] - The company will be listed on the Beijing Stock Exchange, with the online subscription date set for August 13, 2025 [1]

Core Viewpoint - The company is set to launch an IPO with a price of 7.21 yuan, aiming to expand its production capacity in functional polymer materials and establish a research and development center [2][3]. Group 1: Company Overview - The company is one of the early domestic enterprises to achieve the localization of compatibilizers, which are widely used in various applications [2]. - Its products are utilized in modified plastics, composite materials, cables, electronics, construction materials, barrier packaging, and photovoltaic modules [2]. - The company has established a client base that includes well-known domestic enterprises such as Jinfa Technology, Pulit, Wanma Co., and China General Nuclear Power Group, while also expanding its reach to global leaders in the industry [3]. Group 2: Financial Performance - The company reported revenue of 610.5 million yuan in 2024, reflecting a growth of 7.26% compared to 2023, which had revenue of 569.2 million yuan, up by 2.44% from 2022's 555.6 million yuan, which grew by 5.02% [3]. Group 3: Investment and Use of Proceeds - The funds raised from the IPO will be directed towards expanding production capacity for functional polymer materials and constructing a research and development center [3].

8月13日，可申购北交所的能之光（920056.BJ）。该公司是一家从事高分子助剂及功能高分子材料的研 发、生产和销售，为客户提供不同性质材料间相容或粘合所需的高分子材料及解决方案的高新技术企 业，同时也是国家级专精特新"小巨人"企业。 | 今日申购 | | | | | --- | --- | --- | --- | | 920056.BJ 能之光 | | | | | 发行价(元/股) | 机构报价(元/股) | 市值(亿元) | 所属行业 | | 7.21 | | 4.66 | 其他塑料制品制造 | | 发行市盈率 | 行业市盈率 | 可比公司 | 可比公司动态市盈率 | | 11.28 | 23.01 | 鹿山新材 | 484.68 | | 业绩情况 | | | | | 7.0 | | | 150% | | 6.0 5.0 | | | 100% | | 4.0 | | | 50% | | 3.0 | | | 0% | | 2.0 1.0 | | | -50% | | 0.0 | | | -100% | | 2021年 | 2022年 | 2023年 | 2024年 | | 归母浄利润（亿元） | | ** ...

Core Viewpoint - The company Nengzhiguang (920056.BJ) is set to be publicly offered on the Beijing Stock Exchange, focusing on the research, production, and sales of polymer additives and functional polymer materials, and is recognized as a national-level specialized and innovative "little giant" enterprise [1][2]. Group 1: Company Overview - Nengzhiguang specializes in high polymer additives and functional polymer materials, providing solutions for compatibility and adhesion between different types of materials [1][2]. - The company operates primarily in the other plastic products manufacturing industry, with a market capitalization of 4.66 billion yuan and an issuance price of 7.21 yuan per share [2]. - The company’s main revenue source is polymer additives, which accounted for 94.21% of its total revenue in 2024, with projected revenues of 5.75 billion yuan from polymer additives and 0.28 billion yuan from functional polymer materials [3]. Group 2: Financial Performance - Nengzhiguang's net profit for the years 2020 to 2024 (in million yuan) is projected to be 21.46, 17.80, 15.80, 43.18, and 50.80 respectively, indicating significant fluctuations in performance [4]. - The company experienced a decline in net profit in 2021 and 2022 due to rising raw material prices and increased manufacturing costs, but anticipates recovery in 2023 and 2024 as raw material prices decrease and operational efficiencies improve [4]. Group 3: Client Base and Market Position - Nengzhiguang has a diverse client base, including well-known domestic companies such as Jinfakeji and Pulite, as well as global leaders like LG and BASF, with the top five clients contributing approximately 20% to total sales [3]. - The company employs a direct sales model, primarily serving production clients, and maintains a certain level of inventory based on sales forecasts and historical data [3].

招股书显示，本次募集资金将主要用于功能高分子材料扩产及研发中心建设。本次功能高分子材料扩产项目是针对现有低VOC功能化材料、粘合树脂和功 能复合材料的扩产项目，能够有效解决当前面临的问题，保障公司可持续发展，进一步提升规模化生产能力。研发中心建设项目在现有公司经营的基础上升 级技术研发平台，为公司提供现阶段发展规模相适应的技术支持以及符合战略方向的技术与产品储备，使公司在新材料领域获得更多应用方向，从而丰富产 品线。 据招股书，能之光是从事高分子助剂及功能高分子材料的研发、生产和销售的高新技术企业，是国家级专精特新"小巨人"企业。公司以高分子材料接枝改性 技术为基础，深耕相容剂、增韧剂和粘合树脂等功能高分子产品，自主研发出了300多个牌号的产品，为客户提供不同性质材料间相容或粘合所需的高分子 材料及解决方案。产品应用于改性塑料、复合材料和高分子功能膜等材料，应用领域覆盖汽车、线缆、电子电器、复合建材、阻隔包装、光伏组件等多个终 端市场。公司拥有良好的研发能力，截至招股说明书签署日，公司自主研发取得发明专利授权51项。 在服务客户的过程中，利用自身技术优势持续为客户提供性能稳定的产品和解决方案以及良好的服务，赢 ...

公司主营业务为高分子助剂及功能高分子材料的研发、生产和销售。 财务数据显示，2022年—2024年公司净利润分别为2186.49万元、4980.77万元、5594.09万元。同比变动 幅度为-9.45%、127.80%、12.31%。（数据宝） 新股申购信息 能之光明日开启申购，发行代码为920056，本次发行价格7.21元 ，发行市盈率为11.28倍，单一账户申 购上限为70.20万股。公司本次初始发行数量1478.00万股，其中，网上发行量为1182.40万股，发行后总 股本为7947.47万股，根据超额配售选择权机制，国金证券股份有限公司获授权向网上投资者超额配售 221.70万股，占初始发行股份数量的15.00%，同时网上发行数量扩大至1404.10万股。本次发行战略配 售股份合计295.60万股，占初始发行规模的20.00%。 本次发行预计募集资金总额1.26亿元。若全额行使超额配售选择权本次募集资金总额为1.23亿元。募集 资金主要投向功能高分子材料扩产项目、研发中心建设项目、补充流动资金。 | | | | 功能高分子材料扩产项目 | 9116.60 | | --- | --- | | 研发中心建 ...