Summary of Key Points Core Viewpoint - In the first four months of 2025, a total of 37 new companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 24.745 billion yuan [1]. Group 1: Listing Overview - The new listings included 13 companies on the main board, 16 on the ChiNext board, 5 on the Sci-Tech Innovation board, and 3 on the Beijing Stock Exchange [1]. - The listed companies were distributed across 12 provinces, municipalities, and autonomous regions, with Zhejiang province having the highest number of listings at 9 [1]. Group 2: Fundraising by Province - Zhejiang province raised a total of 5.627 billion yuan from its 9 listed companies [1]. - Guangdong province had 7 companies listed, raising a total of 3.812 billion yuan [2]. - Jiangsu province also had 7 companies listed, with a total fundraising of 2.841 billion yuan [2]. - Anhui province had 4 companies listed, raising 2.549 billion yuan [2]. - Hubei and Jiangxi provinces each had 2 companies listed, raising 1.296 billion yuan and 1.000 billion yuan respectively [2]. Group 3: Top Fundraising Companies - The top five companies by fundraising amount were: 1. Tian You Wei: 3.740 billion yuan [3] 2. Kai Fa Ke Ji: 1.169 billion yuan [3] 3. Xing Fu Dian Zi: 1.168 billion yuan [3] 4. Han Shuo Ke Ji: 1.162 billion yuan [3] 5. Heng Xin Sheng Huo: 1.018 billion yuan [3] Group 4: Detailed Company Listings - A detailed list of companies, their listing boards, and fundraising amounts was provided, highlighting significant contributions from various provinces [3][4].

Core Viewpoint - Tianyouwei (603202) reported a revenue of 1.043 billion yuan for Q1 2025, marking an 11.43% year-on-year increase, and a net profit attributable to shareholders of 240 million yuan, up 4.20% year-on-year [1] Group 1: Financial Performance - The company's revenue for Q1 2025 was 1.043 billion yuan, reflecting an 11.43% increase compared to the previous year [1] - The net profit attributable to shareholders reached 240 million yuan, showing a year-on-year growth of 4.20% [1] - The basic earnings per share were reported at 2.00 yuan [1] Group 2: Company Overview - Tianyouwei is a high-tech enterprise focused on the automotive instrument sector, established in 2003, and has expanded into the smart cockpit field [1] - The company offers a range of core products including electronic combination instruments, full LCD combination instruments, and dual-screen instruments, along with various automotive electronic products and services [1] - As of 2024, Tianyouwei held a 12.07% market share in China and a 5.31% share globally [1] Group 3: Innovation and R&D - The company emphasizes continuous innovation, with R&D expenses in Q1 2025 amounting to 48.47 million yuan, a 44.82% increase from 33.47 million yuan in the same period last year [2] - The R&D team consists of over 1,200 members, accounting for approximately 25% of the total workforce [2] - Tianyouwei has established three R&D institutions in Suihua, Harbin, and Dalian, and has built an EMC professional laboratory, creating an integrated development system [2] - As of the end of 2024, the company held 134 domestic patents, including 52 invention patents, with technologies that fill gaps in China's automotive industry [2]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [1]. Core Insights - The report tracks the recent performance of the offline IPO market across the Sci-Tech Innovation Board, Growth Enterprise Market, and Main Board, indicating that the average first-day price increase for Sci-Tech Innovation Board stocks is 196.22% and for Growth Enterprise Market stocks is 242.95% [2][15]. - The report highlights the average IPO returns for different account sizes, with A-class accounts of 200 million yielding a return of 1.27% and B-class accounts yielding 1.10% since the beginning of 2025 [10][40]. - The report notes that the recent IPOs have seen significant oversubscription, with C Tian You Wei's online subscription rate at 0.03% and an oversubscription multiple of 3314.88 [20][22]. Summary by Sections 1. Tracking Recent IPO Returns - The report provides a detailed analysis of the recent IPO returns, showing that A-class accounts with a scale of 200 million achieved a return of 1.27% while B-class accounts achieved 1.10% [10][40]. - The average first-day price increase for the last 20 IPOs is significantly high, with the Sci-Tech Innovation Board averaging 196.22% and the Growth Enterprise Market averaging 242.95% [15][2]. 2. Recent IPO Results - C Tian You Wei (603202.SH) listed on the Main Board with an issue price of 93.5 yuan and a market capitalization of approximately 3217.42 million yuan, achieving a subscription oversubscription multiple of 3314.88 [20][22]. - C Jiang Shun Ke (001400.SZ) listed with an issue price of 37.36 yuan and a market capitalization of 560.40 million yuan, with an oversubscription multiple of 8526.25 [21]. - C Zhong Jie (301560.SZ) listed on the Growth Enterprise Market with an issue price of 16.5 yuan and a market capitalization of 500.44 million yuan, with an oversubscription multiple of 5594.96 [22]. 3. Recent IPO Calendar - The report outlines the IPO calendar, indicating that as of April 25, 2025, there are several stocks pending inquiry and one stock awaiting subscription, with a total expected fundraising of 3.557 billion yuan [26][27]. - The report also lists the recent IPOs that occurred from April 21 to April 25, 2025, including C Tian You Wei, C Jiang Shun Ke, and C Zhong Jie [29]. 4. Recent IPO Market Performance - The report notes that most newly listed stocks in the past month have seen first-day price fluctuations between 100% and 450%, with the highest increases recorded by Zhejiang Huayuan at 451.36% [30][31]. - The report indicates that the majority of new stocks have fundraising amounts between 0-1 billion yuan, with C Tian You Wei leading at 3.74 billion yuan [31]. 5. Theoretical IPO Return Estimation - The report provides a theoretical estimation of IPO returns based on different account sizes, showing that A-class accounts with 200 million have a return rate of 5.00% since 2024 and 1.27% since 2025 [40][44]. - The report also details the monthly returns for different account sizes, indicating a trend of decreasing returns for larger accounts [41][43].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603202 证券简称：天有为 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 单位:元 币种:人民币 对公司将《公开发行证券的公司信息披露解释性公告第1号——非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号——非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三) 主要会计数据、财务指标发生变动的情况、原因 √适用 □不适用 二、 股东信息 (一) 普通股股东总数和表决权恢 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,042,747,561.10, representing an increase of 11.43% compared to CNY 935,789,072.38 in the same period last year[4]. - The net profit attributable to shareholders was CNY 240,290,907.30, a 4.20% increase from CNY 230,595,609.01 year-over-year[4]. - Basic and diluted earnings per share were both CNY 2.00, reflecting a 4.17% increase from CNY 1.92 in the previous year[4]. - Total operating revenue for Q1 2025 reached ¥1,042,747,561.10, an increase of 11.4% compared to ¥935,789,072.38 in Q1 2024[17]. - Net profit for Q1 2025 was ¥240,132,011.68, representing a 4.0% increase from ¥230,512,258.47 in Q1 2024[18]. - Basic earnings per share for Q1 2025 were ¥2.00, compared to ¥1.92 in Q1 2024[18]. Cash Flow - The net cash flow from operating activities surged by 87.55%, reaching CNY 468,451,345.31, primarily due to increased customer payments[4][6]. - In Q1 2025, the company reported cash inflows from operating activities of CNY 1,283,288,403.27, an increase of 24.6% compared to CNY 1,029,339,323.47 in Q1 2024[19]. - The net cash flow from operating activities for Q1 2025 was CNY 468,451,345.31, up 87.6% from CNY 249,774,582.76 in Q1 2024[19]. - The company generated cash inflows from investment activities of CNY 105,566,107.66 in Q1 2025, compared to no inflows in Q1 2024[20]. - The net cash flow from investment activities was CNY 17,845,636.68 in Q1 2025, recovering from a negative CNY 35,270,313.64 in Q1 2024[20]. - Cash inflows from financing activities totaled CNY 70,000,000.00 in Q1 2025, with net cash flow from financing activities at CNY 55,759,048.23, a significant improvement from a negative CNY 80,775,371.10 in Q1 2024[20]. - The company’s total cash inflow from operating activities was CNY 1,283,288,403.27, while total cash outflow was CNY 814,837,057.96, resulting in a net cash flow of CNY 468,451,345.31[19]. - The company’s cash flow from financing activities showed a positive trend with a net increase of CNY 55,759,048.23 in Q1 2025, indicating improved financial health[20]. Assets and Liabilities - Total assets as of March 31, 2025, amounted to CNY 5,483,704,317.50, a 7.33% increase from CNY 5,109,397,705.89 at the end of the previous year[5]. - Total liabilities amounted to ¥2,346,201,885.45, up from ¥2,245,698,899.13 in the previous period[14]. - The company's equity attributable to shareholders increased to ¥3,137,946,836.60 from ¥2,863,984,315.69[14]. Shareholder Information - The company reported a total of 17 shareholders with voting rights restored, with the top 10 shareholders holding significant stakes[9]. - The company does not have any shareholders with unrestricted circulating shares as of March 31, 2025[9]. - There were no significant changes in the participation of major shareholders in margin financing and securities lending activities[10]. Research and Development - Research and development expenses increased to ¥48,466,873.27 in Q1 2025, up 44.8% from ¥33,467,841.67 in Q1 2024[17]. Credit Impairment - The company reported a credit impairment loss of ¥8,671,708.14 in Q1 2025, compared to a loss of ¥-4,180,924.94 in Q1 2024[17]. Tax Refunds - The company received tax refunds amounting to CNY 47,335,026.75 in Q1 2025, compared to CNY 39,761,481.29 in Q1 2024, reflecting a 18.5% increase[19]. Cash and Cash Equivalents - The company's cash and cash equivalents at the end of Q1 2025 stood at CNY 734,878,129.72, an increase from CNY 618,998,363.51 at the end of Q1 2024[20].

按不同板块统计，今年以来沪市主板发行新股7只，募资75.86亿元；深市主板发行新股5只，募资25.16 亿元；创业板发行新股15只，募资84.19亿元；科创板发行新股4只，募资29.64亿元；北交所发行新股3 只，募资13.81亿元。 2只新股今日发行，天工股份发行6000.00万股，发行价3.94元，募资金额2.36亿元；泽润新能发行 1596.70万股，发行价33.06元，募资金额5.28亿元。 证券时报·数据宝统计显示，以发行日期为基准，截至4月28日，今年以来共有34家公司首发募资，累计 募资金额达228.66亿元，单家公司平均募集资金6.73亿元。分区间来看，募资金额超10亿元的有6家，募 资金额5亿元至10亿元的有13家，募集资金在5亿元以下的有15家。 C天有为今年以来募资金额最多的公司，首发募集资金达37.40亿元，募资主要投向汽车电子智能工厂建 设项目，补充流动资金，智能座舱生产基地建设项目等；其次是兴福电子，募资金额为11.68亿元，募 资主要用于使用暂时闲置募集资金进行现金管理及以协定存款方式存放募集资金余额，4万吨/年超高纯 电子化学品项目（上海），2万吨/年电子级氨水联产1万吨/年电 ...

Group 1 - The core viewpoint of the article is that Heilongjiang Tianyouwei Electronics Co., Ltd. has successfully completed its IPO, raising approximately 3.74 billion yuan to enhance its manufacturing capabilities, technology research and development, and operational efficiency [1][3] - The company issued 40 million A-shares at a price of 93.50 yuan per share, with the raised funds primarily allocated to five key projects, including the construction of an automotive electronic smart factory and an intelligent cockpit production base [1][3] - The total investment for the five projects is 3.065 billion yuan, with planned funding from the IPO amounting to 3.004 billion yuan, indicating a strong focus on expanding production capacity and improving technological capabilities [1][3] Group 2 - Tianyouwei specializes in the research, design, production, sales, and service of automotive instruments, gradually expanding into the intelligent cockpit sector, with major products including electronic combination instruments and full LCD combination instruments [2] - In 2024, the company is projected to achieve a revenue of 4.465 billion yuan, with full LCD combination instruments and dual-screen instruments contributing 46.01% and 36.93% of the main revenue, respectively [2] - The company has established a robust R&D capability, holding 134 domestic patents, including 52 invention patents, and has set up three R&D institutions in various cities, enhancing its technological development and project management [2]

就在高价新股天有为即将敲响上市钟声的前夜，那些幸运中签并决定缴款的股民们心中想必充满了激动与期待。这只股票的发行价高达93.50元，这是今年 新股发行的新高点。之前，不少新股在首日上市时都曾创下惊人的涨幅，仿佛每一次打新都是财富增长的捷径。然而，天有为的到来带来了前所未有的考验 ——它那令人高仰的高价标签，在市场中的表现依旧是个未知数。 对于这些投资者来说，面对如此高的发行价，心中既有对未来的憧憬，也有着难以避免的担忧。毕竟，在股市这个变幻莫测的战场上，过去的经验虽能提供 一些指引，却无法保证未来的结果。特别是当涉及到像天有为这样价格达到历史新高的新股时，其上市后的表现将是对市场承受能力的一次大考。 随着天有为开盘钟声的敲响，那令人揪心的担忧和无尽的忧虑瞬间随风飘散。天有为以140元的高价开盘，较之93.50元的发行价高开了49.73%，这一表现无 疑给所有中签并选择缴款的股民们送上了一份惊喜大礼。假设这些幸运儿在开盘时果断卖出，那么他们的打新收益将达23250元，超过2万元的新股利润，在 任何投资者眼中都应该是一笔相当不错的收入吧？ 对于那些参与了此次打新的股民来说，这不仅仅是数字上的胜利，更是一次心灵上的 ...

作者丨蔡晓东 编辑丨朱晓宇 4月24日，一家汽车仪表产品供应商上市了，这是东北一家企业。 当天股价走势高开低走，以高开40%开盘，但截至收盘的时候，公司的股价涨幅为24.06%，可以看到，资本市场对天有为兴趣并不大。 据了解，创始人是一对夫妻，1998，吕冬芳和王文博在哈尔滨创建天有为的 "前身"。2003 年，他们带着数项汽车仪表专利技术，将公司总部迁址到绥化 市。在掌握了段码液晶抗震技术、液晶屏防静电技术、仪表信号采集和显示技术等核心技术后，开始与上汽通用五菱、吉利集团、奇瑞汽车、东风小康等客 户建立合作，完成客户资源的原始积累。 不过，将天有为送上资本市场这片广阔海域的，现代汽车功不可没。天有为与现代汽车最初合作，并没有具体的时间，但有数据显示，2020年，现代汽车已 经成为了天有为的第三大客户，当年现代汽车贡献了天有为销售额为0.96亿元，占总营收的比例为10.31%。 此后，现代汽车贡献给天有为的营收是越来越多，营收占比增速也越来越快。招股书上显示，2022年至2024年，现代汽车贡献的营收占比分别为53.03%、 52.79%、55.56%。从另一方面来看，现代汽车也更为依赖天有为，在现代汽车集团 ...

据21投资通智能监测，33只个股龙虎榜出现了机构的身影，北向资金参与龙虎榜中的个股共涉及9只。 4月24日，上证指数上涨0.03%，深证成指下跌0.58%，创业板指下跌0.68%。盘后龙虎榜数据显示，共 有56只个股因当日异动登上龙虎榜，资金净流入最多的是海联金汇（002537.SZ），达2.01亿元。 2.01亿元资金抢筹海联金汇，1.35亿元资金出逃华西能源 56只上榜的龙虎榜个股中，30只个股被净买入，26只个股被净卖出。其中，资金净买入最多的是海联金 汇，达2.01亿元，占总成交金额的5.17%。海联金汇当日收盘上涨9.95%，换手率为37.27%。 机构净买入19股，净卖出14股 4月24日，33只个股龙虎榜出现了机构的身影，机构合计净卖出7710.43万元。具体来看，机构净买入19 股，净卖出14股。 其中，机构净买入金额最多的是青岛金王（002094.SZ），当日收盘上涨2.24%，换手率为57.39%。 | 贝因美 | 6.6% | 2 | 2 | 5611 | 1.74% | 42.95% | | --- | --- | --- | --- | --- | --- | --- | | 红宝丽 ...