Core Viewpoint - The article highlights the transformation of China's manufacturing industry through digitalization and supply chain optimization, exemplified by JD Industrial's role in enhancing efficiency and reducing costs for manufacturing enterprises [4][6][20]. Group 1: Manufacturing Landscape - As of August 2024, the total number of manufacturing enterprises in China reached 6.03 million [1]. - These factories produce a wide range of products, from high-end manufacturing equipment to daily consumer goods, contributing significantly to global supply [2][3]. Group 2: Supply Chain Optimization - JD Industrial has streamlined the procurement process for companies like XCMG, reducing the number of suppliers from over 170 to 18 and cutting order fulfillment time from over 20 days to 3-5 days [4][12]. - The company has developed a comprehensive supply chain solution that integrates digital capabilities across the entire supply chain, serving over 11,000 core industrial enterprises and millions of SMEs [6][16]. Group 3: Standardization and Efficiency - JD Industrial has established a standardized product library to address the complexities of industrial procurement, which includes over 1 billion global screw SKUs [7][9]. - The implementation of the "Tai Pu" integrated supply chain solution has significantly improved procurement efficiency and operational management for various industries, including automotive and steel [10][14]. Group 4: Financial Performance - JD Industrial's revenue grew from 14.135 billion yuan in 2022 to 17.336 billion yuan in 2023, with projections to exceed 20.4 billion yuan in 2024, reflecting a compound annual growth rate of 20.13% [20]. - The company transitioned from a net loss in 2022 to profitability in 2023, with net profit soaring to 762 million yuan in 2024 [20]. Group 5: Market Potential - The total cost of China's industrial supply chain is estimated at 115.2 trillion yuan in 2024, with potential savings of 6.8 trillion yuan through supply chain innovation and digital transformation [21]. - JD Industrial's IPO marks a new beginning for its growth in the industrial sector, emphasizing the importance of digital and physical integration in supply chains [21].

Core Insights - China is leading the global industrial supply chain market with a market size of 11.4 trillion yuan, but faces systemic issues of inefficiency and lack of strength in its industrial supply chain [2] - The digital penetration rate of China's industrial supply chain is projected to rise from 6.2% in 2024 to 8.2% by 2029, which is expected to drive rapid growth in the industrial supply chain technology and service market, potentially exceeding one trillion yuan by 2029 [2] - JD Industrial aims to enhance operational efficiency in the industrial world through technology, positioning itself as a leader in the transformation driven by "Artificial Intelligence+" and new industrialization [2][3] Company Overview - JD Industrial originated from JD Group's enterprise business and became an independent unit in 2017, focusing on empowering industrial supply chains with its digital supply chain technology [4] - The company has developed a unique integrated supply chain solution that combines digital and physical aspects, enhancing customer experience and driving cost reduction [4] - JD Industrial's "Tai Pu" solution aims to optimize internal supply chains for enterprises, helping them save 10% to 30% on procurement costs through full-link digitalization [5] Technological Innovations - JD Industrial has created the Joy Industrial model, which addresses long-standing pain points in the industrial supply chain, such as data silos and management complexities [7][9] - The model leverages over 81.1 million industrial SKU data and insights from more than 40 industry practices, providing deep industry understanding and serving over 10,000 key industrial enterprises [9] - The company is also developing intelligent agents for various applications, significantly improving efficiency and reducing management costs [10] Market Response - JD Industrial's shares were oversubscribed by approximately 60.25 times in the Hong Kong public offering, indicating strong investor confidence [3] - The company aims to assist the Chinese industrial sector in achieving a "trillion yuan" cost reduction over the next five years through targeted industry solutions [11] Future Directions - JD Industrial is expanding its services internationally, providing "accompanying overseas" services to over 100 enterprises across various countries [12] - The company offers multiple supply chain solutions tailored to different stages of overseas operations, including a one-stop solution for cross-border goods [13][14] - The listing of JD Industrial marks a significant shift in the industrial supply chain's perception from a "cost center" to a "digital efficiency engine" [15][16]

大湾区聚变力量(07618)发布公告，谭颂燊的董事会主席及执行董事职务自2025年12月4日起暂停。文苑 仪女士已辞任公司执行董事一职，自2025年12月4日起生效，以腾出更多时间处理其个人事务。 谭晋杰先生已获委任为公司执行董事兼董事会联席主席；高雄先生已获委任为公司独立非执行董事及审 核委员会成员；委任陈容卓女士为公司提名委员会成员，均自2025年12月4日起生效。 ...

本次全球发售的联席保荐人为BofA Securities、UBS、Haitong International及Goldman Sachs，另有Huatai International、CITIC Securities等机构担任联席全球协调人及联席账簿管理人。京东工业预计于2025年12 月11日在香港联合交易所挂牌上市，股份代号为7618。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 香港公开发售方面，有效申请数目为72,234份，认购倍数达60.52倍，国际配售认购倍数为7.88倍。由于 未触发回拨机制，香港公开发售最终股份数目维持21,121,000股，占全球发售股份总数的10%；国际配 售股份数目为190,087, ...

本文源自：金融界AI电报 京东工业股份有限公司在港交所公告称，其香港IPO最终发售价定在每股14.10港元，净筹资28.3亿港 元，认购水平为60.52倍，12月11日开始交易。全球发售2.11亿股，其中香港公开发售数目占10%。 ...

Major Events - JD Industrial (07618) received a subscription rate of 60.52 times for its public offering in Hong Kong, with a share price set at HKD 14.10 [1] - Shanghai Pharmaceuticals (02607) obtained approval for the listing application of Succinic Acid Sultamicillin Tablets (SPH3127) [1] - Fosun Pharma (02196) received approval from the National Medical Products Administration for the drug registration application of Sodium Phosphonate Injection [1] - Lingbao Gold (03330) subsidiary plans to invest AUD 370 million to acquire a 50%+1 share stake in St Barbara Mining Pty Ltd [1] - Jiangsu Ninghu Expressway (00177) intends to increase capital by CNY 3.26964 billion to Longtan Bridge Company [1] - Yunfeng Financial (00376) had Fitch maintain the "A-" (Strong) financial strength rating for Wantong Insurance [1] Operating Performance - Sunny Optical Technology (02382) reported a shipment volume of 12.634 million vehicle-mounted lenses in November, a year-on-year increase of 69.4% [1] - Q Technology (01478) saw mobile camera module sales of 38.053 million units in November, a month-on-month decrease of 13.6% and a year-on-year decrease of 5.6% [1] - Yue Yuen Industrial (00551) reported a cumulative operating profit of approximately USD 7.382 billion for the first 11 months, a year-on-year decrease of 1.6% [1] - Baoshan International (03813) reported a cumulative operating profit of CNY 15.784 billion for the first 11 months, a year-on-year decline of 6.8% [1] - COFCO Joycome (01610) reported a pig slaughter volume of 559,000 heads in November, a month-on-month decrease of 4.44% [1]

智通财经APP讯，大湾区聚变力量(07618)发布公告，谭颂燊的董事会主席及执行董事职务自2025年12月 4日起暂停。文苑仪女士已辞任公司执行董事一职，自2025年12月4日起生效，以腾出更多时间处理其个 人事务。 谭晋杰先生已获委任为公司执行董事兼董事会联席主席；高雄先生已获委任为公司独立非执行董事及审 核委员会成员；委任陈容卓女士为公司提名委员会成员，均自2025年12月4日起生效。 ...

智通财经APP讯，京东工业(07618)公布配发结果，公司全球发售约2.11亿股股份，香港公开发售占 10%，国际发售占90%。每股发售价14.10港元，全球发售净筹28.27亿港元。每手200股股份，预期股份 将于2025年12月11日(星期四)上午九时正开始在联交所买卖。 其中，香港公开发售获60.52倍认购，国际发售获7.88倍认购。 ...

其中，香港公开发售获60.52倍认购，国际发售获7.88倍认购。 京东工业(07618)公布配发结果，公司全球发售约2.11亿股股份，香港公开发售占10%，国际发售占 90%。每股发售价14.10港元，全球发售净筹28.27亿港元。每手200股股份，预期股份将于2025年12月11 日(星期四)上午九时正开始在联交所买卖。 ...

假设香港公开发售于2025年12月11日(星期四)上午八时正或之前在香港成为无条件，预期股份将于2025 年12月11日(星期四)上午九时正开始在联交所交易。股份将以每手200股股份进行交易，股份代号将为 7618。 格隆汇12月10日丨京东工业(07618.HK)公告，公司全球发售211,208,800股，每股14.10港元，所得款项 净额28.27亿港元。香港公开发售股份数目占全球发售股份数目10%，获认购60.52倍；国际发售股份数 目占全球发售股份90%，获认购倍7.88倍。 ...