Core Points - The company, Delijia Transmission Technology (Jiangsu) Co., Ltd., has received approval for its initial public offering (IPO) of RMB ordinary shares on the Shanghai Stock Exchange [1][2] - The total number of shares to be issued is 40,000,100, with an initial strategic placement of 8,000,020 shares, representing 20% of the total issuance [2] - The final strategic placement amount is 5,428,446 shares, approximately 13.57% of the total issuance, with the difference being allocated to offline issuance [2] Issuance Structure - The issuance will combine strategic placement, offline pricing for qualified investors, and online pricing for public investors holding non-restricted A-shares [1] - After the strategic placement adjustment, the offline issuance will consist of 24,971,654 shares (72.23% of the remaining shares), while the online issuance will consist of 9,600,000 shares (27.77% of the remaining shares) [2] - The final total for both online and offline issuance will be 34,571,654 shares, subject to adjustments based on the allocation mechanism [2] Pricing and Payment - The issuance price is set at RMB 46.68 per share, with the initial offering of 9.6 million shares scheduled for October 28, 2025 [2] - Investors must fulfill payment obligations by October 30, 2025, with specific instructions for both offline and online investors regarding payment procedures [3][4] Subscription and Allocation - The online issuance received 13,469,543 valid applications, totaling 90,026,989,500 shares, resulting in an initial online winning rate of 0.01066347% [5] - A mechanism for adjusting the allocation between online and offline investors was activated due to a high subscription rate, redistributing shares accordingly [6] - The final online winning rate after adjustments is 0.02602442% [6] Lottery and Announcement - The lottery for online subscriptions will take place on October 29, 2025, with results published on the Shanghai Stock Exchange website on October 30, 2025 [7]

德力佳中签号出炉 共计46858个 10月30日消息，交易所公告称，德力佳中签号出炉，网上发行中签号46858个。 【中签号及缴款】 责任编辑：小浪快报 据交易所公告，德力佳披露中签结果，中签号码共有46858个，每个中签号码只能认购500股。 中签号码如下： 末"七"位数：5432667，0432667； 末"八"位数：68658806，18658806，94733535，05308178。 末"四"位数：2643，7643； 末"五"位数：71443，91443，51443，31443，11443，03161； ...

Summary of Key Points Core Viewpoint - 德力佳 has initiated its subscription process for a total of 40 million shares, with a focus on the development and production of high-speed heavy-duty precision gear transmission products primarily for wind power generation applications [1]. Company Information - Company Name: 德力佳 - Stock Code: 603092 - Subscription Code: 732092 - Subscription Price: 46.68 yuan - Issuance Price-to-Earnings Ratio: 34.98 times - Industry Reference Price-to-Earnings Ratio: 44.03 times - Total Shares Issued: 40 million shares - Online Subscription Quantity: 9.6 million shares - Maximum Subscription per Account: 9,500 shares - Minimum Subscription Quantity: 500 shares [1][1][1]. Fundraising Purpose - Investment in the annual production of 1,000 units of 8MW and above large onshore wind turbine gearboxes: 1,087.60 million yuan - Investment in the Shantou project for the annual production of 800 units of large offshore wind turbine gearboxes: 793.20 million yuan [1][1]. Financial Indicators - Total Assets (2024): 6.662 billion yuan; (2023): 6.486 billion yuan; (2022): 4.837 billion yuan - Net Assets (2024): 2.875 billion yuan; (2023): 2.300 billion yuan; (2022): 1.650 billion yuan - Operating Revenue (2024): 3.715 billion yuan; (2023): 4.442 billion yuan; (2022): 3.108 billion yuan - Net Profit (2024): 534 million yuan; (2023): 634 million yuan; (2022): 540 million yuan - Basic Earnings per Share (2024): 1.48 yuan; (2023): 1.76 yuan; (2022): 4.29 yuan - Weighted Return on Equity (2024): 20.63%; (2023): 32.10%; (2022): 38.61% [1][1][1].

智通财经APP获悉，10月28日，德力佳(603092.SH)开启申购，发行价格为46.68元/股，申购上限为0.95万股，属于上交所，市盈 率34.98倍，华泰联合证券为其保荐机构。 招股书披露，德力佳主要从事高速重载精密齿轮传动产品的研发、生产与销售，下游应用领域目前主要为风力发电机组，核心 产品为风电主齿轮箱。公司已与金风科技、远景能源、明阳智能、三一重能等风电整机行业头部企业建立起良好的合作关系。 根据QY Research统计，2024年，公司全球市场占有率10.36%，位列全球第三，中国市场占有率16.22%，位列中国第二。 根据CWEA发布的报告显示，2014-2024年我国风电新增装机容量年均复合增长率超14%，截至2024年底，我国风机累计装机容 量达到561.3GW，较2023年同比上升18.26%。 | 项目 | 2024 年 | | 2023 年 | | 2022年 | | --- | --- | --- | --- | --- | --- | | | 金额/ | 变动 | 金额 | 变动 | 金额/ | | | 数量 | 比例 | /数量 | 比例 | 数量 | | 全国风电新增吊装 ...

根据上海证券交易所提供的数据，本次网上发行有效申购户数为 13,469,543 户，有效申购股数为 90,026,989,500股。网上发行初步中签率为0.01066347%。 配号总数为180,053,979个，号码范围为 100,000,000,000–100,180,053,978。 二、回拨机制实施、发行结构及网上发行最终中签率 根据《德力佳传动科技（江苏）股份有限公司首次公开发行股票并在主板上 市发行公告》公布的回拨 机制，由于启动回拨前网上发行初步有效申购倍数约为 9,377.81倍，超过100倍，发行人和保荐人（主 承销商）决定启动回拨机制，对网 下发行、网上发行的规模进行调节，将扣除最终战略配售部分后本 次公开发行股 票数量的40%（向上取整至500股的整数倍，即1,382.9000万股）由网下回拨至网 上。 网上网下回拨机制启动后，网下最终发行数量为11,142,654股，占扣除最终 战略配售部分后本次发行数 量的32.23%，网上最终发行数量为23,429,000股，占 扣除最终战略配售部分后本次发行数量的67.77%。 回拨机制启动后，网上发行最 终中签率为0.02602442%。 一、 ...

Core Viewpoint - The article highlights the rapid growth and strategic development of Delijia, a gearbox manufacturer for wind power, which recently went public and is now among the top three in global market share and second in China [2][3]. Group 1: Company Development Stages - Delijia's development can be categorized into three key phases: initial market entry (2017-2019), rapid expansion during the subsidy phase (2019-2021), and advancement into a competitive landscape post-subsidy [3][4]. - In the initial phase, Delijia focused on high-quality performance and established partnerships with leading clients like Envision Energy, which also invested in the company [3]. - The second phase saw a surge in demand due to government subsidy reductions, allowing Delijia to scale production and gain recognition from major industry players [4]. - The third phase involved adapting to a subsidy-free environment, where Delijia developed new products to meet the demands of industry leaders like Goldwind, enhancing its brand visibility [4]. Group 2: Technological Focus and Trends - The wind power industry is trending towards larger, lighter, and offshore turbines, and Delijia is actively developing technologies to align with these trends [5]. - Delijia has invested significantly in R&D for larger wind turbine gearboxes, exemplified by its contribution to the first large-scale 10 MW land wind project in China [5]. - The company has also achieved recognition for its lightweight gearbox technology, which integrates components into compact units, and has secured substantial orders in the offshore wind sector [5][6]. Group 3: Strategic Partnerships and Market Position - Delijia has formed strategic partnerships with major industry players, including Envision Energy, SANY, and Goldwind, which have been crucial for its growth and market positioning [4][6]. - The company aims to increase its global market share, potentially reaching the second position worldwide, and plans to expand into international markets alongside Chinese manufacturers [6]. - Following its public listing, Delijia intends to enhance its focus on core business areas, increase R&D investment, and improve governance and operational efficiency [6]. Group 4: Leadership Vision and Company Culture - The leadership emphasizes a mission to deliver green energy solutions and aims for Delijia to be a respected and leading company in the industry [6][7]. - The company values "focus and dedication" as key principles for success, believing that understanding industry needs and continuously optimizing products are essential for competitive advantage [7].

Core Viewpoint - The article highlights the strong market position and technological capabilities of Delijia (德力佳), a leading manufacturer of precision gearboxes for wind turbines, emphasizing its growth potential in the expanding wind power industry [6][10]. Company Overview - Delijia, established in 2017, is the second largest in China and the third globally in the wind turbine gearbox market, with annual revenues exceeding 4 billion [6]. - The company specializes in the research, production, and sales of high-speed heavy-duty precision gear transmission products, primarily serving the wind power sector [6]. Financial Performance - For the first nine months of 2025, Delijia expects revenue between 3.9 billion and 4.1 billion, representing a year-on-year growth of 61.4% to 66.9% [8][9]. - The net profit is projected to be between 560 million and 620 million, with a growth of 48.6% to 62.2% [8][9]. - In 2022 and 2023, the company experienced significant revenue growth rates of 76.4% and 42.9%, respectively [11]. - The net profit doubled from 290 million in 2021 to 570 million [13]. Market Dynamics - The wind power gearbox market is expanding due to the rapid growth of the wind power industry [10]. - Delijia's global market share is 10.36%, ranking third worldwide, while its share in China is 16.22%, ranking second [9]. Competitive Advantages - Delijia's competitive edge lies in its strong technical background, market development capabilities, and a well-established R&D team with 80 members, 57 of whom hold master's degrees or higher [20]. - The company has contributed to the formulation of seven national or industry standards and has developed significant products recognized by the National Energy Administration [20]. - Delijia's products exhibit superior performance metrics compared to industry standards, particularly in safety factors and bearing operating temperatures [22][23]. Strategic Partnerships - The company has established strong relationships with major wind turbine manufacturers, which enhances its market stability and customer loyalty [25]. - Delijia has successfully expanded its customer base, mitigating the impact of reduced orders from major clients due to in-house production [18][25]. Future Outlook - Delijia plans to raise 1.88 billion for projects aimed at producing large-scale land and offshore wind turbine gearboxes, positioning itself to capitalize on the industry's growth [26][30]. - The wind power sector is expected to maintain a favorable growth trajectory, driven by the emphasis on renewable energy and the transition to cleaner energy sources [27][28].

股票简称：德力佳 股票代码：603092 德力佳传动科技（江苏）股份有限公司 （Delijia Transmission Technology （Jiangsu） Co.,Ltd.） （江苏省无锡市锡山区安泰一路 67 号） 首次公开发行股票主板上市公告书 保荐机构（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 公告日期：2025 年 11 月 6 日 1 特别提示 本公司股票将于 2025 年 11 月 7 日在上海证券交易所主板上市。本公司提醒 投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市初期切 忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词释义与本公司首次公开发行 股票招股说明书中的相同。如本上市公告书中合计数与各加数直接相加之和在 尾数上存在差异，系由于四舍五入所致。 2 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、高级管理人员保证上市公告书所披露信息的真实、准确、 完整，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏，并依法承担法 律责任。 上海证券交易所、其他政府机关对本公司 ...

德力佳传动科技（江苏）股份有限公司 首次公开发行股票主板上市公告书 提示性公告 保荐人（主承销商）：华泰联合证券有限责任公司 一、上市概况 （一）股票简称：德力佳 （五）首次公开发行股份数量：4,000.0100 万股，本次发行全部为新股，无 老股转让 1 （二）扩位简称：德力佳传动 （三）股票代码：603092 （四）首次公开发行后总股本：40,000.0100 万股 二、风险提示 本公司提醒广大投资者注意首次公开发行股票（以下简称"新股"）上市初 期的投资风险，广大投资者应充分了解风险、理性参与新股交易。具体如下： （一）涨跌幅限制放宽带来的股票交易风险 根据《上海证券交易所交易规则》，主板企业上市后前 5 个交易日内，股票 交易价格不设涨跌幅限制；上市 5 个交易日后，涨跌幅限制比例为 10%。公司股 票上市初期存在交易价格大幅波动的风险。投资者在参与交易前，应当认真阅读 有关法律法规和交易所业务规则等相关规定，对其他可能存在的风险因素也应当 有所了解和掌握，并确信自身已做好足够的风险评估与财务安排，避免因盲目炒 作遭受难以承受的损失。 扫描二维码查阅公告全文 本公司及全体董事、高级管理人员保证信息披露 ...

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