Financial Performance - The company reported no profit distribution or capital reserve transfer to share capital for the first half of 2023[6]. - The financial report for the first half of 2023 has not been audited, ensuring the accuracy and completeness of the financial data presented[5]. - The company's operating revenue for the first half of 2023 reached ¥1,018,602,438.38, representing a 64.52% increase compared to ¥619,125,222.95 in the same period last year[21]. - Net profit attributable to shareholders was ¥70,778,321.42, up 44.57% from ¥48,957,674.91 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥68,998,865.52, reflecting a 57.70% increase from ¥43,753,235.61 in the previous year[21]. - The company's net cash flow from operating activities improved significantly, with a net outflow of ¥62,150,191.81, an 80.12% reduction from a net outflow of ¥312,670,756.45 in the same period last year[21]. - Basic earnings per share rose to ¥0.65, a 30.00% increase from ¥0.50 in the same period last year[22]. - The weighted average return on equity decreased to 9.51%, down 1.08 percentage points from 10.59% year-on-year[22]. - The total profit for the first half of 2023 was ¥76,927,680.98, up 40.5% from ¥54,744,629.73 in the same period of 2022[161]. - The company reported a significant increase in tax payments, totaling CNY 30,665,377.21 in the first half of 2023, compared to CNY 15,629,330.75 in the same period of 2022[167]. Business Operations - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has established stable relationships with leading construction companies and large real estate enterprises, ensuring steady business development[38]. - The company is focusing on the development of prefabricated buildings and smart construction technologies as key drivers for innovation in the industry[29]. - The company is actively involved in urban renewal and village renovation projects, expanding its business scope in response to new urbanization opportunities[44]. - The company is prioritizing service to well-known local owners and large state-owned general contractors to expand its business nationwide[43]. - The company signed new projects worth approximately CNY 998 million in the first half of 2023, including significant projects in the biomedical and information technology sectors[45]. - The company is engaged in various construction and decoration projects, including international contracting and technology services[195]. Market and Industry Insights - The construction industry in China saw a total output value of ¥31.20 trillion in 2022, with a year-on-year growth of 6.45%[28]. - The architectural curtain wall industry experienced a compound annual growth rate of 9.57% from 2016 to 2020, reaching a market size of ¥490 billion in 2020[28]. - The company is focusing on high-tech industries, with 34.99% of revenue coming from research and industrial building projects and 16.53% from commercial complexes[43]. - The government aims to complete energy-saving renovations of over 350 million square meters of existing buildings by 2025, which will increase market demand for energy-efficient products[34]. Research and Development - Research and development expenses increased by 63.21% to CNY 39.26 million, reflecting the company's commitment to innovation and technology advancement[49]. - The company has a strong focus on technological innovation, holding 305 authorized patents, including 24 invention patents[41]. - The company is actively engaged in the research and development of photovoltaic/integrated curtain walls and energy-saving window technologies, contributing to environmental sustainability[77]. - The company has developed a "Belaieyou" ultra-low energy consumption window system, which is a key area in building energy efficiency[46]. Risk Factors - The company has detailed potential risks in the report, which investors should review carefully[10]. - The company faces risks related to macroeconomic fluctuations, which could adversely affect business expansion and cash flow recovery[57]. - Increased competition in the curtain wall industry may impact the company's market share and profitability if it fails to adapt to market dynamics[58]. - The company is exposed to risks from real estate industry regulatory policies, which could affect the financial health of its clients and the collection of receivables[59]. - High customer concentration poses a risk, as any adverse changes in relationships with major clients could lead to a decline in operating performance[61]. - The company's business is primarily concentrated in Shanghai and Jiangsu, and failure to maintain market share or expand into new regions could negatively impact future performance[62]. - High accounts receivable levels may lead to cash flow issues if clients face financial difficulties, impacting the company's profitability and operational efficiency[64]. Shareholder and Governance - The company has committed to a share lock-up period of 36 months for major shareholders, including the actual controllers, which prohibits them from transferring or managing their shares during this time[84]. - Major shareholders holding more than 5% of shares, such as Qian Lirong and Lu Fengxian, are also subject to a 12-month lock-up period post-IPO, with similar restrictions on share transfers[87]. - The company has established long-term commitments to resolve related party transactions and competition issues, ensuring compliance with relevant regulations[82]. - Shareholders are required to announce any share reductions three trading days in advance, adhering to strict disclosure obligations[86]. - The company has implemented measures to stabilize its stock price, including careful planning for any potential share reductions post-lock-up[85]. - The commitments made by shareholders and management are designed to enhance investor confidence and maintain market stability[84]. - The company has not reported any instances of non-compliance with the commitments made by its major shareholders and management[82]. Environmental and Compliance - The company has implemented measures to reduce environmental impact, including compliance with the Tianjin VOC emission standards[73]. - The company has maintained compliance with national and local environmental protection standards throughout its operations[76]. - The company faced administrative penalties totaling 1,600 RMB for violations of local environmental regulations in January 2023[72]. - The company has not reported any significant changes in its environmental information disclosure during the reporting period[75]. - The company has not experienced any major environmental accidents or received significant administrative penalties from local environmental authorities[74]. Financial Position - The total assets increased to CNY 3,099,104,023.88, up from CNY 2,720,494,904.03, representing a growth of approximately 13.9% year-over-year[157]. - Total liabilities decreased to CNY 2,012,200,798.01 from CNY 2,164,950,761.30, a reduction of about 7.0%[158]. - Owner's equity rose significantly to CNY 1,086,903,225.87, compared to CNY 555,544,142.73, marking an increase of approximately 95.5%[158]. - The company reported a total equity of RMB 1,086,903,225 at the end of the reporting period[191]. - The comprehensive income for the current period amounted to RMB 48,958,335.9, reflecting a significant increase[192]. - The company's registered capital is RMB 130,666,667, with a total of 13,066,666.67 shares issued[194]. - The company believes it has sufficient operating funds to continue its operations for at least six months following the approval date of the financial statements[198]. - The company’s financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting its financial condition and operating results[200].

江苏恒尚节能科技股份有限公司 上市公告书 股票简称：恒尚节能 股票代码：603137 江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） （无锡市锡山区鹅湖镇通湖路 8 号） 首次公开发行股票主板上市公告书 保荐人（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） 二〇二三年四月十八日 江苏恒尚节能科技股份有限公司 上市公告书 特别提示 江苏恒尚节能科技股份有限公司（以下简称"恒尚节能"、"本公司"、"发 行人"或"公司"）股票将于 2023 年 4 月 19 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。 1 江苏恒尚节能科技股份有限公司 上市公告书 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、监事、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、误导性陈述或者重大遗漏，并依 法承担法律责任。 上海证券交易 ...

江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） （无锡市锡山区鹅湖镇通湖路 8 号） 首次公开发行股票并在主板上市 招股说明书 保荐人（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） 江苏恒尚节能科技股份有限公司 招股说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 江苏恒尚节能科技股份有限公司 招股说明书 发行概况 | 发行股票类型 | 股） 人民币普通股（A | | | | | | --- | --- | --- | --- | -- ...

江苏恒尚节能科技股份有限公司 首次公开发行股票并在主板上市 发行结果公告 保荐人（主承销商）：华泰联合证券有限责任公司 特别提示 江苏恒尚节能科技股份有限公司（以下简称"恒尚节能"、"发行人"或"公司"） 首次公开发行人民币普通股（A 股）并在主板上市（以下简称"本次发行"）的申 请已经上海证券交易所上市审核委员会审议通过，并已经中国证券监督管理委员 会（以下简称"中国证监会"）同意注册（证监许可〔2023〕618 号）。 本次发行的保荐人（主承销商）为华泰联合证券有限责任公司（以下简称"华 泰联合证券"或"保荐人（主承销商）"）。发行人股票简称为"恒尚节能"，扩位简 称为"恒尚节能"，股票代码为"603137"。 本次发行采用网下向符合条件的网下投资者询价配售（以下简称"网下发行"） 与网上向持有上海市场非限售 A 股股份和非限售存托凭证市值的社会公众投资 者定价发行（以下简称"网上发行"）相结合的方式进行。本次发行不安排战略配 售。 发行人和保荐人（主承销商）根据初步询价结果，综合发行人基本面、本次 公开发行的股份数量、发行人所处行业、可比上市公司估值水平、市场情况、募 集资金需求以及承销风险等因素，协商 ...

江苏恒尚节能科技股份有限公司 首次公开发行股票并在主板上市 发行公告 保荐人（主承销商）：华泰联合证券有限责任公司 重要提示 江苏恒尚节能科技股份有限公司（以下简称"恒尚节能"、"发行人"或"公 司"）根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《证券 发行与承销管理办法》（证监会令〔第 208 号〕）（以下简称"《管理办法》"）、 《首次公开发行股票注册管理办法》（证监会令〔第 205 号〕），上海证券交易 所（以下简称"上交所"）颁布的《上海证券交易所首次公开发行证券发行与承 销业务实施细则》（上证发〔2023〕33 号）（以下简称"《实施细则》"）、《上 海市场首次公开发行股票网上发行实施细则（2023 年修订）》（上证发〔2023〕 35 号）（以下简称"《网上发行实施细则》"）、《上海市场首次公开发行股票 网下发行实施细则（2023 年修订）》（上证发〔2023〕36 号）（以下简称"《网 下发行实施细则》"），中国证券业协会颁布的《首次公开发行证券承销业务规 则》（中证协发〔2023〕18 号）（以下简称"《承销业务规则》"）以及《首次 公开发行证券网下投资者管理规则》和《首次公开发 ...

| 业 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 本次发行基本情况 | | | | | | | | | 本次发行采用网下向符合条件的投资者询价配售（以下简称"网下发 | | | | | | | | | 发行方式 行"）与网上向持有上海市场非限售 | | | A | | 股股份和非限售存托凭证市值的 | | | | 社会公众投资者定价发行（以下简称"网上发行"）相结合的方式进行。 | | | | | | | | | 定价方式 网下初步询价确定发行价格，网下不再进行累计投标询价 | | | | | | | | | 发行前总股本（万 拟发行数量（万股） 9,800.0000 | | | | 3,266.6667 | | | | | 股） | | | | | | | | | 预计新股发行数量 预计老股转让数量 3,266.6667 | | | | 0 | | | | | （万股） （万股） | | | | | | | | | 拟发行数量占发行 发行后总股本（万 | | | | | | | | | 后 总 股 本 的 比 例 ...

江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） （无锡市锡山区鹅湖镇通湖路 8 号） 首次公开发行股票并在主板上市 招股意向书 保荐人（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） 江苏恒尚节能科技股份有限公司 招股意向书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 江苏恒尚节能科技股份有限公司 招股意向书 发行概况 | 发行股票类型 | 人民币普通股（A 股） | | | | | | --- | --- | --- | --- | -- ...

江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） （无锡市锡山区鹅湖镇通湖路 8 号） 首次公开发行股票并在主板上市 招股说明书 （注册稿） 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） 江苏恒尚节能科技股份有限公司 招股说明书 声明：本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招 股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 式公告的招股说明书作为投资决定的依据。 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 1-1-1 江苏恒尚节能科技股份有限公司 招股说明书 发行概况 | 发行股票类型 | 人民币普通股（A 股） | | | | | --- | --- | --- | --- | --- | | | 本次公 ...

江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） （无锡市锡山区鹅湖镇通湖路 8 号） 首次公开发行股票并在主板上市 招股说明书 （上会稿） 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） 江苏恒尚节能科技股份有限公司 招股说明书 声明：本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招 股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 式公告的招股说明书作为投资决定的依据。 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风 ...

江苏恒尚节能科技股份有限公司 （Jiangsu Hengshang Energy Conservation Technology Co., Ltd.） 首次公开发行股票并在主板上市 保荐机构（主承销商） （无锡市锡山区鹅湖镇通湖路 8 号） 招股说明书 （申报稿） （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） 江苏恒尚节能科技股份有限公司 招股说明书 声明：本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招 股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 式公告的招股说明书作为投资决定的依据。 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风 ...