Core Viewpoint - The company N Guoliang (920076) has successfully listed on the Beijing Stock Exchange, experiencing a significant first-day price increase of 160.78% after an initial surge of 207.71% [2][3]. Company Overview - N Guoliang is a high-tech enterprise specializing in high-temperature industrial refractory materials, providing comprehensive solutions and products in this field [2]. Financial Performance - The company's net profits for 2022, 2023, and 2024 are projected to be 40.37 million yuan, 83.80 million yuan, and 70.96 million yuan, respectively [3]. - The public offering consisted of 18.04 million shares at an issuance price of 10.76 yuan, resulting in a price-to-earnings ratio of 14.97 [3]. Market Activity - The total effective subscription for the online issuance reached 76,958,830.6 million shares, with a subscription multiple of 4,738.74 times and 728,100 effective subscription accounts, leading to an allocation ratio of 0.02% [3]. - The trading volume for N Guoliang on its first day was 16.15 million shares, with a total transaction value of 483 million yuan and a turnover rate of 81.73% [2].

董国亮通过国亮合伙间接控制公司4.44%的表决权；董国亮、赵素兰之子董金峰直接持有公司2,485,427股，占公司股本总额的比例为3.79%。国亮合 伙、董金峰为董国亮、赵素兰的一致行动人。董国亮、赵素兰合计控制公司80.22%的表决权。董国亮与赵素兰系夫妻关系，其中董国亮担任公司董事长， 赵素兰担任公司董事。董国亮、赵素兰能够对公司股东会、董事会及经营决策产生重大影响，为公司的共同实际控制人。 本次发行不安排超额配售选择权，本次发行后，董国亮持有公司股份的比例为49.52%，赵素兰持有公司股份的比例为6.93%，国亮合伙持有公司股份的 比例为3.48%、董金峰持有公司股份的比例为2.97%，董国亮、赵素兰系公司的控股股东和共同实际控制人。 国亮新材于2025年11月7日首发过会，北交所上市委员会2025年第30次审议会议提出问询的主要问题： 1.关于业绩真实性。请发行人：（1）说明2024年下半年利润增速、毛利率变动趋势与行业龙头企业及行业整体情况存在差异的原因。（2）说明应收账 款周转率逐年下降及最近一期应收账款占营收比例大幅增长的原因，坏账准备计提方法是否合理，计提金额是否充分。请中介机构核查并发表明确 ...

Core Viewpoint - Guoliang New Materials Co., Ltd. has officially listed on the Beijing Stock Exchange, focusing on high-temperature industrial refractory materials and emphasizing technological innovation and green development to enhance market competitiveness and brand influence [1][5]. Group 1: Company Overview - Guoliang New Materials specializes in providing comprehensive solutions for high-temperature industrial refractory materials, including both product supply and overall contracting services [1]. - The company's revenue for the periods from 2022 to the first half of 2025 was reported as 937.47 million yuan, 984.36 million yuan, 904.69 million yuan, and 511.50 million yuan, with net profits of 40.37 million yuan, 83.80 million yuan, 70.96 million yuan, and 41.50 million yuan respectively [1]. Group 2: Technological Innovation - The company has consistently prioritized technological innovation, investing in R&D with expenditures of 43.50 million yuan, 48.86 million yuan, 44.83 million yuan, and 23.99 million yuan during the reporting periods [2]. - Guoliang New Materials has received multiple accolades, including being named a "2024 Excellent Private Enterprise" by the Hebei Provincial Government and recognized as a national-level "specialized, refined, distinctive, and innovative" small giant [2][3]. Group 3: Green Development - The company adheres to a green development philosophy, having developed a series of environmentally friendly refractory materials with superior performance characteristics [4]. - Guoliang New Materials has implemented technologies for resource recycling, effectively addressing the use of post-service refractory materials and significantly reducing resource and energy consumption [4]. Group 4: Fundraising Projects - The fundraising projects from the listing include the technical transformation of the sliding water nozzle production line, an intelligent manufacturing project for 50,000 tons of magnesia-carbon bricks, and the construction of a 150,000-ton production line for recycled refractory materials [5][6]. - These projects aim to enhance production efficiency, expand market share, and improve the company's overall economic benefits and social image [6].

2026年1月22日，河北国亮新材料股份有限公司（以下简称"国亮新材"）正式登陆北京证券交易所，发 行价格10.76元/股。作为国家级专精特新"小巨人"企业，国亮新材的上市标志着耐火材料行业又一重要 企业进入资本市场视野。 研发投入构筑核心竞争力 招股书显示，国亮新材成立于2002年，是一家专业从事高温工业用耐火材料整体解决方案的高新技术企 业，主要产品包括定形、不定形和功能性耐火材料，并为钢铁、水泥等高温工业客户提供整体承包服 务。 财务数据显示，2022年至2024年，公司营业收入分别为9.37亿元、9.84亿元和9.05亿元；同期归母净利 润分别为4036.80万元、8379.83万元和7096.49万元。2025年上半年，公司实现营业收入5.11亿元，净利 润4149.72万元。 近年来，随着钢铁行业朝着装备大型化、生产智能化方向发展，钢铁企业和耐火材料企业不断优化窑炉 结构设计和耐火材料配置，推动耐火材料的品质提升和品种结构的优化。耐火材料整体承包服务模式促 使耐火材料企业加大科技研发力度、持续提升耐火材料使用水平和运维服务。 国亮新材自设立以来，始终重视科技创新2022年—2024年和2025年上 ...

Company Overview - N Guoliang (920076) was listed on the Beijing Stock Exchange today, opening at 33.11 yuan, an increase of 207.71% from its issue price [2] - The company specializes in high-temperature industrial refractory materials and provides comprehensive solutions and contracting services for refractory materials [2] - The listing application was accepted by the Beijing Stock Exchange on June 26, 2024, taking a total of 575 days from acceptance to listing [2] Financial Performance - The company’s net profits for 2022, 2023, and 2024 are projected to be 40.368 million yuan, 83.798 million yuan, and 70.965 million yuan, respectively [3] IPO Details - The public offering consisted of 18.0449 million shares at an issue price of 10.76 yuan, with an earnings per share (EPS) ratio of 14.97 times [2] - The strategic placement of shares totaled 1.8045 million shares, accounting for 10% of the initial offering size [2] - The effective subscription amount for the online offering was 7,695,883.06 million shares, resulting in a subscription multiple of 4738.74 times and 728,100 effective subscription accounts, with an allocation ratio of 0.02% [2]

中国经济网北京1月22日讯 今日，国亮新材(920076)在北交所上市。 北交所：国亮新材(920076) 国亮新材是一家专业从事高温工业用耐火材料整体解决方案的高新技术企业，为客户提供耐火材料 整体承包服务及耐火材料产品。 本次发行前，董国亮直接持有公司股份41,419,206股，占公司股本总额的比例为63.15%，赵素兰直 接持有公司股份5,799,330股，占公司股本总额的比例为8.84%，二人合计直接持有公司71.99%的股份， 董国亮、赵素兰系夫妻关系，能够对公司股东会决议产生重大影响，为公司控股股东。 董国亮通过国亮合伙间接控制公司4.44%的表决权；董国亮、赵素兰之子董金峰直接持有公司 2,485,427股，占公司股本总额的比例为3.79%。国亮合伙、董金峰为董国亮、赵素兰的一致行动人。董 国亮、赵素兰合计控制公司80.22%的表决权。董国亮与赵素兰系夫妻关系，其中董国亮担任公司董事 长，赵素兰担任公司董事。董国亮、赵素兰能够对公司股东会、董事会及经营决策产生重大影响，为公 司的共同实际控制人。 本次发行不安排超额配售选择权，本次发行后，董国亮持有公司股份的比例为49.52%，赵素兰持 有公司股 ...

招股书显示，国亮新材在耐火材料行业深耕多年，已拥有5项河北省科学技术成果证书、33项发明专 利、52项实用新型专利。2022年至2025年上半年，公司研发投入分别为4350.12万元、4885.90万元、 4482.91万元和2399.93万元。公司亦被认定为国家级专精特新"小巨人"，并于2025年8月入选重点"小巨 人"名单、"河北省专精特新中小企业"。 | 滑板水口产线技术改造项目 | 3648.76 | 20.85% | | --- | --- | --- | | 年产5万吨镁碳砖智能制造项目 | 8442.39 | 48.24% | | 年产15 万吨耐材用再生料生产线 建设项目 | 2411.05 | 13.78% | | 补充流动资金 | 3000.00 | 17.14% | 1月22日，国亮新材（920076.BJ）登陆北交所。该公司成立于2002年，地处我国重要钢铁生产基地一河 北省唐山市，是一家专业从事高温工业用耐火材料整体解决方案的高新技术企业，为客户提供耐火材料 整体承包服务及耐火材料产品。 客户方面，国亮新材凭借技术优势、区位优势及丰富的行业经验，与德龙钢铁、东海特钢、天柱钢铁、 津西 ...

Group 1 - The core point of the article is that Guoliang New Materials (920076.BJ) has been listed today without any new share subscription [1] Group 2 - The listing of Guoliang New Materials marks a significant event in the market [1]

Core Viewpoint - The article discusses the recent surge in IPO activities on the Beijing Stock Exchange (北交所), highlighting the rapid pace of new stock listings and the strong market performance of newly listed companies, indicating a positive trend for investors and the market overall [3][4][6]. Group 1: IPO Activities - Three listing committee meetings and two new stock listings occurred within a week, with Aisheren (爱舍伦) debuting on January 21, 2026, and experiencing a significant first-day increase of 175.59%, closing at 44.04 yuan per share [3][4]. - Aisheren's IPO details include an issuance price of 15.98 yuan per share, a price-to-earnings ratio of 14.99, and total funds raised amounting to 270 million yuan [4]. - The upcoming listing of Guoliang New Materials (国亮新材) is set for January 22, 2026, contributing to a total of three new stocks listed in January [5]. Group 2: Market Performance - In 2025, the Beijing Stock Exchange had 26 new stocks listed, averaging about two per month, with some months seeing up to five listings [6]. - The average first-day increase for new stocks in 2025 was approximately 368%, with notable performers like Dapeng Industrial (大鹏工业) achieving a 1211.11% increase [6][8]. - The strong performance of new stocks has led to a significant market expectation for continued high returns, with no stocks experiencing a first-day drop in 2025 [6][8]. Group 3: Listing Review Acceleration - The listing review process on the Beijing Stock Exchange has accelerated, with six committee meetings held in January 2026 alone, indicating a trend of increased efficiency in the IPO process [7][8]. - Analysts note that the review process for specialized and innovative companies has become notably quicker, with some companies moving from application to approval in just a few months [8]. - The focus of the listing reviews appears to be on high-tech and advanced manufacturing sectors, reflecting a strategic support for these industries [8]. Group 4: Subscription and Frozen Capital - The subscription for new stocks has seen a significant increase, with frozen capital exceeding 800 billion yuan for several recent IPOs, indicating strong investor interest [9][12]. - Aisheren attracted 695,800 participants in its subscription, with a total frozen capital of 8789.21 million yuan [14]. - The upcoming IPOs of Nongda Technology (农大科技) and Meidel (美德乐) are expected to further increase the frozen capital, reflecting ongoing investor enthusiasm for new listings [16].

随着国亮新材上市在即，截至1月22日，北交所月内上市的新股将达到3只。 对比此前情况，北交所的新股发行是否出现提速迹象？ 北交所的上市审核、新股发行正在密集开展，一周之内就有3场上市委会议、2只新股上市，以及2只新 股申购。 1月21日，爱舍伦（920050.BJ）登录北交所，上市首日大涨175.59%，当日报收44.04元/股，换手率达到 78.23%。当天，美德乐（920119.BJ）开启申购，每股发行价为41.88元，市盈率为14.99倍。明日（1月 22日），国亮新材（920076.BJ）将登陆北交所。 审核端，据北交所官网，本周（1月19日至23日），该所将共计召开3场上市委审议会议，至此，北交所 月内将安排了8场上市委会议，并连续出现"一周三审"的情况。 如何看待近期北交所的发行审核节奏？北京南山投资创始人周运南告诉第一财经，北交所新股冻资规模 持续保持高位，并有望继续冲高，市场释放出赚钱效应，市场高度期待北交所的新股上市提速、高质量 扩容。另有分析认为，结合2025年上市审核情况，北交所IPO正呈现"加速跑"态势。 一周三审、2股上市、2股打新 本周上市的2只新股爱舍伦、国亮新材，IPO申请均在 ...