Core Insights - Delijia Transmission Technology officially listed on the Shanghai Stock Exchange on November 7, 2023, marking a significant milestone for the company [1] - The company specializes in the research, production, and sales of high-speed heavy-duty precision gear transmission products, primarily for wind power generation [1] - Delijia holds a global market share of 10.36% and ranks third worldwide, while its market share in China is 16.22%, placing it second nationally [1] Company Overview - Established in 2017, Delijia focuses on wind turbine gearboxes, with its core product being the main gearbox for wind power [1] - The IPO proceeds will primarily fund the production of 1,000 units of 8MW and above onshore wind power gearboxes and 800 units of large offshore wind power gearboxes in Shantou [1] - The projects aim to expand production capacity, enhance technological strength, and align with the trend of larger wind turbine capacities [1] Investment Context - Delijia's IPO represents the tenth company to go public under Yida Capital's investment portfolio by 2025, highlighting Yida's long-term commitment to the green industry [1][2] - Yida Capital emphasizes continuous investment in clean energy and environmental protection, building a "green investment network" through industry research and regional collaboration [2] - The successful listing of Delijia is seen as a testament to Yida Capital's strategy of combining industry research with regional depth [2]

Core Viewpoint - Delijia (603092.SH) listed on the Shanghai Stock Exchange on November 7, 2023, with a first-day increase of 51.07%, closing at 70.52 CNY per share [1] Company Overview - Delijia's initial public offering involved 40.001 million shares at a price of 46.68 CNY per share, raising a total of 1.867 billion CNY [1] - The company specializes in the research, production, and sales of high-speed heavy-duty precision gear transmission products, focusing on the wind power transmission equipment sector since its establishment in 2017 [1] - Delijia has developed a comprehensive business chain that includes front-end design, mid-end mass production, and back-end operation services, with the capability to produce a full range of products from 1.5MW to 22MW [1] Market Position - According to QY Research, Delijia holds a global market share of 10.36% in 2024, ranking third worldwide, and a market share of 16.22% in China, ranking second nationally [1] - The company is projected to achieve a revenue of 3.715 billion CNY and a net profit of 534 million CNY in 2024 [1]

Core Viewpoint - Delijia (603092.SH) was listed on the Shanghai Stock Exchange on November 7, with a significant increase of 51.07%, closing at 70.52 CNY per share [2]. Group 1: Company Overview - Delijia's public offering consisted of 40 million shares at a price of 46.68 CNY per share, raising a total of 1.867 billion CNY [2]. - The company specializes in the research, production, and sales of high-speed heavy-duty precision gear transmission products, focusing on the wind power transmission equipment sector since its establishment in 2017 [2]. - Delijia has developed a comprehensive business chain that includes front-end design, mid-end mass production, and back-end operation services, with the capability to produce a full range of products from 1.5MW to 22MW [2]. Group 2: Market Position - According to QY Research, Delijia holds a global market share of 10.36% in 2024, ranking third worldwide, and a market share of 16.22% in China, ranking second nationally [2]. - The company is projected to achieve a revenue of 3.715 billion CNY and a net profit of 534 million CNY in 2024 [3].

Group 1 - Delijia is a high-tech enterprise specializing in the research, production, and sales of gear transmission products, with its core product being the wind turbine main gearbox, which is a critical component of wind power generation [2] - Since its establishment in 2017, Delijia has focused on the wind power transmission equipment sector and has become one of the top three global manufacturers of wind power gearboxes [2] - The company has strong technological research and development capabilities and advanced production equipment, positioning itself as a pioneer in the green clean energy field [2] Group 2 - Zhonglun Law Firm serves as the issuer's lawyer for Delijia's listing project on the Shanghai Stock Exchange, providing comprehensive legal services recognized by clients and various parties [3] - The project was managed by consultant lawyer Yang Liang, with significant contributions from lawyers Su Changqing and Yin Jiawen, and partner Chen Yiwen [3]

Core Points - Deleja (603092) was listed on the Shanghai Stock Exchange today, opening at 70.52 yuan with a price increase of 51.07% and a total market capitalization of 28.208 billion yuan [1][2] Trading Performance - The stock had a trading volume of 1.85 billion yuan, with a turnover rate of 71.34% and a price fluctuation of 62.00% [1] - Institutional selling accounted for the largest amounts, with a net sell of 75.7844 million yuan from institutional seats [1][2] Institutional Activity - Among the top five buyers, one was an institutional seat, while all top five sellers were institutional seats [1] - The largest buying amount from an institutional seat was 90.7885 million yuan, representing 4.91% of the total trading volume [3] - The top five selling amounts from institutional seats totaled 166.5729 million yuan, accounting for 9.00% of the total trading volume [3]

Group 1 - N Delijia (603092) was listed today, opening with a rise of 107.67%, and closing with a gain of 51.07%, with a total trading volume of 23.86 million shares and a turnover of 1.85 billion yuan, resulting in a turnover rate of 71.34% [1] - The company is primarily engaged in the research, production, and sales of high-speed heavy-duty precision gear transmission products [2] - The total issuance volume for this IPO was 40 million shares, with an online issuance of 23.43 million shares at a price of 46.68 yuan per share, resulting in a price-to-earnings ratio of 34.98, compared to the industry average of 44.03 [2] Group 2 - The funds raised from the IPO, amounting to 1.87 billion yuan, will mainly be allocated to projects including the annual production of 1,000 units of 8MW and above large onshore wind turbine gearboxes and the Shantou project for the annual production of 800 units of large offshore wind turbine gearboxes [2] - Another new stock listed today, N Zhongcheng, saw a closing price of 38.54 yuan, with a rise of 170.08% and a turnover rate of 86.25% [2]

Market Overview - As of November 7, the Shanghai Composite Index closed at 3997.56 points, down 10.20 points, a decrease of 0.25% [1] - The Shenzhen Component Index closed at 13404.06 points, down 48.36 points, a decrease of 0.36% [1] - The ChiNext Index closed at 3208.21 points, down 16.42 points, a decrease of 0.51% [1] Stock Performance - A total of 86 A-shares had a turnover rate exceeding 20% on this day, indicating significant trading activity [1] - Notable stocks with high turnover rates included: - Zhongcheng Consulting (920003) with a turnover rate of 86.25% and a price increase of 170.08% [1] - C Delijia (603092) with a turnover rate of 71.34% and a price increase of 51.07% [1] - C Daming (603376) with a turnover rate of 69.16% and a price decrease of 20.93% [1] - Zhongneng Electric (300062) with a turnover rate of 56.62% and a price increase of 14.60% [1] - Xue Ren Group (002639) with a turnover rate of 48.13% and a price increase of 4.41% [1] Additional Notable Stocks - Other stocks with significant turnover rates included: - Hengda High-tech (002591) with a turnover rate of 46.50% and a price decrease of 9.99% [1] - C Fengbei (603334) with a turnover rate of 45.30% and a price decrease of 4.74% [1] - Haike Xinyuan (301292) with a turnover rate of 45.09% and a price increase of 10.33% [1] - Unification Shares (600506) with a turnover rate of 44.94% and a price increase of 4.09% [1] - Lanfeng Biochemical (002513) with a turnover rate of 42.56% and a price increase of 7.42% [1]

Core Viewpoint - The wind power equipment sector experienced a slight increase of 0.07% on November 7, with N Delijia leading the gains, while the overall stock indices showed a decline [1]. Market Performance - The Shanghai Composite Index closed at 3997.56, down 0.25% - The Shenzhen Component Index closed at 13404.06, down 0.36% [1]. Individual Stock Performance - N Delijia (603092) saw a significant increase of 51.07%, closing at 70.52 with a trading volume of 238,600 shares and a transaction value of 1.85 billion - Haile Wind Power (301155) increased by 4.22%, closing at 88.60 with a trading volume of 55,800 shares and a transaction value of 494 million - Electric Wind Power (688660) rose by 3.29%, closing at 20.10 with a trading volume of 330,500 shares and a transaction value of 666 million - Other notable performers include Mingyang Smart Energy (601615) up 1.74% and Shuangyi Technology (300690) up 1.67% [1]. Capital Flow Analysis - The wind power equipment sector saw a net inflow of 197 million from institutional investors, while retail investors experienced a net outflow of 597 million - Speculative funds had a net inflow of 400 million [2]. Detailed Capital Flow for Key Stocks - N Delijia had a net inflow of 502.1 million from institutional investors, accounting for 27.12% of its trading volume, while retail investors had a net outflow of 755 million, representing 40.82% - Mingyang Smart Energy recorded a net inflow of 95.28 million from institutional investors, with a net outflow of 56.95 million from retail investors [3].

New Stock Issuance - 恒坤新材 (787727) issued at a price of 14.99[1] - 南网数字 (301638) issued at a price of 5.69[1] - 德力佳 (603092) issued at a price of 46.68[1] - 中诚咨询 (920003) issued at a price of 14.27[1] Market Alerts - 合富中国 (603122) announced on November 7, 2025[1] - *ST元成 (603388) reported severe abnormal fluctuations on November 7, 2025[1] - 海峡创新 (300300) announced on November 4, 2025[1] - 江波龙 (301308) announced on October 30, 2025[1] - 兰石重装 (603169) announced on November 5, 2025[1] - 振华股份 (603067) announced on November 7, 2025[1] - ST起步 (603557) announced on November 7, 2025[1] - *ST宝鹰 (002047) announced on November 7, 2025[1] - 保变电气 (600550) announced on November 7, 2025[1] - 统一股份 (600506) announced on November 7, 2025[1]

Core Viewpoint - Delijia Transmission Technology (Jiangsu) Co., Ltd. has successfully listed on the Shanghai Stock Exchange, with a closing price of 70.52 yuan, reflecting a significant increase of 51.07% on its first trading day [1]. Company Overview - Delijia primarily engages in the research, production, and sales of high-speed heavy-duty precision gear transmission products, with a focus on wind power generation applications, particularly wind turbine main gearboxes [2]. - The company has a major shareholder, Nanjing Chenrui Management Consulting Co., Ltd., which holds 30.53% of the shares, while the actual controllers, Liu Jianguo and Kong Jinfeng, collectively control 41.98% of the company [2]. Financial Performance - In the first half of 2025, Delijia reported operating revenue of 248,485.55 million yuan and a net profit attributable to shareholders of 39,371.50 million yuan [6]. - The company’s financial performance from 2022 to the first half of 2025 shows fluctuations in revenue and net profit, with a notable increase in revenue in 2025 compared to previous years [6][10]. - For the first nine months of 2025, the company achieved operating revenue of 405,948.14 million yuan, a year-on-year increase of 66.37%, and a net profit of 62,985.21 million yuan, up 64.96% [10]. Fundraising and Use of Proceeds - Delijia raised a total of 186,720.47 million yuan from its public offering, with a net amount of 177,425.74 million yuan after deducting issuance costs [4]. - The funds will be allocated to projects including the production of large onshore and offshore wind power gearboxes [4]. Shareholder Returns - In 2022, the company distributed a total cash dividend of 310 million yuan to its shareholders [11].