Group 1 - The company, Tongbao Optoelectronics, announced that it expects to achieve an operating revenue of 716,739,948.07 yuan in 2025, representing a year-on-year growth of 21.94% [2] - The net profit attributable to shareholders of the listed company is projected to be 80,051,599.81 yuan, which reflects a year-on-year decrease of 3.66% [2]

Core Viewpoint - Tongbao Optoelectronics has successfully listed on the Beijing Stock Exchange, marking a significant capital transition for the company, which has a strong family governance structure [3][14]. Company Overview - Tongbao Optoelectronics was established in 1991 and specializes in manufacturing automotive electronic components, with a focus on automotive lighting systems [8][19]. - The company has established partnerships with major automotive brands, including SAIC-GM Wuling, GAC Aion, GAC Trumpchi, Dongfeng Nissan, and SAIC Volkswagen [19]. Financial Performance - The company's revenue is projected to grow from 390 million yuan in 2022 to 588 million yuan in 2024, while net profit attributable to shareholders is expected to increase from 36.69 million yuan to 83.09 million yuan during the same period [8][19]. - For 2025, the net profit is forecasted to be 80.05 million yuan, reflecting a slight decrease of 3.66% year-on-year [8][19]. Shareholding Structure - The controlling shareholders, Liu Guoxue, Tao Jianfang, and their son Liu Wei, hold over 70% of the shares prior to the IPO, with a post-IPO combined holding of 59.06% [5][16]. - A total of 12 family members are employed across various positions within the company, indicating a highly concentrated family governance structure [8][19]. Market Position - The listing on the Beijing Stock Exchange provides Tongbao Optoelectronics with new financing channels and enhances the transparency of its internal structure [11][22]. - The company’s governance model contrasts with standardized public company models, especially in the context of the Beijing Stock Exchange's emphasis on specialized and innovative enterprises [19]. Investment and Strategic Partnerships - Prior to the IPO, institutional investors such as Changzhou Tenglong Auto Parts Co., Ningbo Bochuang Shicheng Investment Center, and Guanya (Shanghai) Equity Investment Fund participated in the shareholding [20]. - Strategic placements included participation from Dongwu Innovation Capital and major automotive groups, which adds external strength to the family business's capital path [20][21]. Role of Underwriters - Dongwu Securities has played a significant role in this listing, having sponsored 18 companies on the Beijing Stock Exchange, with over a quarter being from Jiangsu province [10][21].

证券代码：920168 证券简称：通宝光电 公告编号：2026-013 常州通宝光电股份有限公司 关于实际控制人及其一致行动人持股比例被动稀释的权益变动公告 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。 常州通宝光电股份有限公司（以下简称"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"）。新增发行股票数 量1,879.34万股，并于2026年2月25日完成股份登记，导致公司实际控制人及其 一致行动人合计持有的股份比例从78.75%减少至59.06%，权益变动触及跨越5%的 整数倍的情形，并且权益变动触及1%的整数倍的情形。现将其有关权益变动情况 公告如下： 一、本次权益变动基本情况 （一）信息披露义务人基本情况 1、基本情况 | 信息披露义务人 | 名称 | | 持股变动时间 | | | --- | --- | --- | --- | --- | | | 刘威 | | 2026年2月25日 | | | 股票简称 | 通宝光电 | | 股票代码 | 920168 | ...

特别提示：本公告所载 2025 年 年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 一、2025 年年度主要财务数据和指标 证券代码：920168 证券简称：通宝光电 公告编号：2026-012 单位：元 | 项目 | 本报告期 | 上年同期 | 变动比例% | | --- | --- | --- | --- | | 营业收入 | 716,739,948.07 | 587,789,579.93 | 21.94% | | 利润总额 | 88,518,004.40 | 94,207,376.74 | -6.04% | | 归属于上市公司股 | 80,051,599.81 | 83,093,547.60 | -3.66% | | 东的净利润 | | | | | 归属于上市公司股 | 79,297,775.07 | 81,101,408.75 | -2.22% | | 东的扣除非经常性 | | | | | 损益的净利润 | | | | | 基本每股收益 | 1.42 | 1.47 | -3.40% | | 加权平均净资产收 | ...

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每经讯，2026年2月27日，北交所上市公司通宝光电（920168，收盘价：26.1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36.24%，成交数量1021.07万股，成交金额2.67亿元。买一席位为国信证券股份有限公司深圳红岭中路证券营 业部，买入736.79万元；卖一席位为华泰证券股份有限公司常州太湖东路证券营业部，卖出911.14万元。 每日经济新闻 （记者 曾健辉） | | 2026-02-27通宝光电 (920168) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ਜੇਵ ਹ | 国信证券股份有限公司深圳红岭中路证券营业部 | 7367878.58 | 861041.7 | | 买2 | 机构专用 | 6502837.54 | 0 | | 址3 | 国金证券股份有限公司深圳分公司 | 5973564.86 | 360170.19 | | ग्रेस | 中信建投证券股份有限公司北京东城分公司 | ...

Core Viewpoint - The average first-day gain of newly listed stocks has narrowed compared to the same period last year, despite a significant number of new listings in the current year [1][6]. Group 1: New Stock Performance - Tongbao Optoelectronics (920168.BJ) debuted on the Beijing Stock Exchange on February 26, opening with an 82.44% increase and closing at 27.49 yuan, resulting in a first-day gain of 70.01% with a trading volume of 5.54 billion yuan [2][3]. - A total of 17 new stocks have been listed this year, surpassing the total of 13 from the same period last year, with an average first-day gain of approximately 182% for this batch [2][6]. - In comparison, the average first-day gain for new stocks in the first two months of 2025 was 266.66%, with all 13 stocks gaining over 100% [2][8]. Group 2: Market Sentiment and Future Listings - Market sentiment remains optimistic for new stocks, with expectations for more quality companies to enter the market, despite a limited supply of new listings [2][3]. - The performance of Tongbao Optoelectronics is considered relatively subdued compared to other new stocks listed this year, as it recorded the lowest first-day gain among the eight new stocks on the Beijing Stock Exchange [4][8]. - Upcoming new listings include Gude Electric Materials and Haifiman, with their issuance results disclosed on the same day as Tongbao Optoelectronics' debut [5][6]. Group 3: Valuation and Market Dynamics - Tongbao Optoelectronics had an issuance price of 16.17 yuan and a price-to-earnings ratio of 14.99 times, raising a total of 304 million yuan through the issuance of 18.79 million shares [3][4]. - The stock attracted significant interest during the subscription phase, with 606,700 participants and a total subscription amount of 54.936 billion shares, leading to a low allocation rate of 0.03% [3][4]. - The overall market dynamics indicate a shift in investor sentiment, with some new stocks experiencing a decline in trading performance post-listing, attributed to a lack of hot market concepts and reduced speculative interest [8][9].

Core Viewpoint - Tongbao Optoelectronics Co., Ltd. has successfully listed on the Beijing Stock Exchange, with significant trading activity and a notable increase in stock price on its debut day. Group 1: Company Overview - Tongbao Optoelectronics specializes in manufacturing automotive electronic components, including automotive lighting systems, electronic control systems, and energy management systems [1]. - The company is controlled by Liu Wei, Liu Guoxue, and Tao Jianfang, who collectively hold 78.75% of the company's shares [1]. Group 2: Financial Performance - For the year 2025, the company achieved operating revenue of 716.74 million yuan, representing a year-on-year increase of 21.94% [9][11]. - The net profit attributable to shareholders of the parent company was 80.05 million yuan, a decrease of 3.66% compared to the previous year [9][11]. - The net cash flow from operating activities was 81.59 million yuan, down 9.76% from the previous year [9][11]. Group 3: Stock Market Performance - On its first trading day, the stock opened at 29.50 yuan and closed at 27.49 yuan, with a price increase of 70.01% and a trading volume of 554 million yuan [1]. - The total market capitalization of the company reached 2.067 billion yuan by the end of the trading day [1]. Group 4: Fundraising and Projects - The company raised a total of 303.89 million yuan from the issuance, with a net amount of 267.82 million yuan after deducting issuance costs [4]. - The funds will be allocated to projects related to smart LED modules for new energy vehicles, charging and distribution systems, and control modules [4][5].

Group 1 - The first new stock of the Year of the Horse, Tongbao Optoelectronics, was listed on the Beijing Stock Exchange on February 26, opening at 29.5 yuan per share, a rise of 82.44% from its initial offering price of 16.17 yuan per share [1] - Tongbao Optoelectronics is positioned as a manufacturer of automotive electronic components, focusing on the research, production, and sales of automotive lighting systems, electronic control systems, and energy management systems [1]

Core Viewpoint - Tongbao Optoelectronics (920168.BJ) was listed on the Beijing Stock Exchange on February 26, 2023, opening at 29.5 CNY, a rise of 82.44%, with a total market capitalization of 2.218 billion CNY [1][7]. Company Overview - Tongbao Optoelectronics is positioned as a manufacturer of automotive electronic components, focusing on the research, production, and sales of automotive lighting systems, electronic control systems, and energy management systems [1][8]. - The company has established long-term relationships with well-known automotive manufacturers, providing automotive lighting products for popular models from brands such as SAIC-GM Wuling, GAC Aion, GAC Trumpchi, Dongfeng Nissan, and SAIC Volkswagen [1][8]. Financial Performance - According to the prospectus, the projected revenues for Tongbao Optoelectronics from 2022 to the first half of 2025 are as follows: 390 million CNY in 2022, 529 million CNY in 2023, 588 million CNY in 2024, and 329 million CNY in the first half of 2025 [1][8]. - The projected net profits for the same periods are: 36.69 million CNY in 2022, 62.25 million CNY in 2023, 83.09 million CNY in 2024, and 33.45 million CNY in the first half of 2025 [1][8]. Shareholder Structure - As of the signing date of the prospectus, the controlling shareholders Liu Wei, Liu Guoxue, and Tao Jianfang collectively hold 44,398,545 shares, accounting for 78.75% of the total share capital [2][9]. - Liu Guoxue serves as the chairman, Liu Wei as the vice chairman and general manager, and Tao Jianfang as a director, indicating significant influence over the company's board and operational decisions [2][9]. Employment and Family Relations - Notably, 12 relatives of the controlling family are employed at Tongbao Optoelectronics, ranging from management to various operational roles, which may raise concerns regarding governance and nepotism [3][10].

Group 1 - The core viewpoint of the article is that Tongbao Optoelectronics has been listed on the Beijing Stock Exchange, marking a significant milestone for the company [1] - Tongbao Optoelectronics is positioned as a manufacturer of automotive electronic components, focusing on the research, production, and sales of automotive lighting systems, electronic control systems, and energy management systems [2] - The actual controllers of the company are Liu Wei, Liu Guoxue, and Tao Jianfang, who collectively hold 78.7487% of the company's total share capital before the issuance [2] Group 2 - After the issuance, Liu Wei holds 23.8303% of the company's total share capital, Liu Guoxue holds 23.3520%, and Tao Jianfang holds 11.8792%, bringing their combined ownership to 59.0615% [2] - The total amount of funds raised by Tongbao Optoelectronics is 303.8893 million yuan, with a net amount of 267.8207 million yuan after deducting issuance costs, which will be used for projects related to intelligent LED modules for new energy vehicles and charging and distribution systems [3]