Group 1 - The core point of the article is that C Daming (603376.SH) has identified Seres as one of its major clients [1] Group 2 - C Daming has communicated this information through an investor interaction platform [1]

Core Viewpoint - Company C Daming (603376.SH) has not yet initiated research and development in the area of chips and electronic components [1] Group 1 - The company is currently not involved in the R&D and manufacturing of chips and electronic components [1]

Group 1 - The company C Daming (603376.SH) has initiated preliminary cooperation with Xiaopeng Motors [1] - The current collaboration does not involve Xiaopeng's humanoid robots or flying car products [1]

IPO Pipeline Status - As of November 9, there are 276 companies in the IPO pipeline, including 21 on the Shanghai Main Board, 35 on the Sci-Tech Innovation Board, 21 on the Shenzhen Main Board, 26 on the ChiNext, and 173 on the Beijing Stock Exchange [1] Newly Listed Companies - From November 3 to November 9, five companies were newly listed: - Dana (Tianjin) Biotechnology Co., Ltd. on the Beijing Stock Exchange with a closing price of 102.10 CNY per share, a rise of 497.08%, and a trading volume of 6.65 billion CNY [3] - Suzhou Fengbei Biotechnology Co., Ltd. on the Shanghai Main Board with a closing price of 66.76 CNY per share, a rise of 172.60%, and a trading volume of 16.50 billion CNY [3] - Daming Electronics Co., Ltd. on the Shanghai Main Board with a closing price of 64.45 CNY per share, a rise of 413.55%, and a trading volume of 16.94 billion CNY [4] - Delijia Transmission Technology (Jiangsu) Co., Ltd. on the Shanghai Main Board with a closing price of 70.52 CNY per share, a rise of 51.07%, and a trading volume of 18.50 billion CNY [5] - Zhongcheng Zhixin Engineering Consulting Group Co., Ltd. on the Beijing Stock Exchange with a closing price of 38.54 CNY per share, a rise of 170.08%, and a trading volume of 4.62 billion CNY [6] New Counseling Record Companies - During the same period, 10 companies were added to the counseling record, including: - Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd., focusing on communication and intelligent terminal chips [7] - Anwen Technology Group Co., Ltd., specializing in automotive cabin safety and comfort components [9] - Duality Biotherapeutics, Inc., a clinical-stage innovative biopharmaceutical company [9] - Wuhan Jiachen Electronics Technology Co., Ltd., engaged in high-voltage safety systems for new energy vehicles [9] - Guangdong Jingyi Furniture Co., Ltd., focusing on office seating solutions [9] - Inner Mongolia Dongyuan Environmental Protection Technology Co., Ltd., involved in wastewater treatment [9] - Ningbo Jinlai Chemical Co., Ltd., a chemical product manufacturer [9] - Shenzhen Zhongji Automation Co., Ltd., specializing in lithium battery automation production equipment [10] - Huanuo Star Technology Co., Ltd., engaged in radar and intelligent robotics research [10] - Anhui Xinyuan Technology Co., Ltd., focusing on fine chemicals [10] Companies Approved for Review - Five companies successfully passed the review process from November 3 to November 9: - Shandong Qilong Marine Oil Steel Pipe Co., Ltd., involved in marine drilling riser development [12] - Chongqing Zhixin Industrial Co., Ltd., specializing in automotive welding parts [12] - Shaanxi Tourism Culture Industry Co., Ltd., offering tourism-related services [12] - Zhejiang Haiseng Medical Devices Co., Ltd., providing anesthesia and monitoring medical devices [12] - Hebei Guoliang New Materials Co., Ltd., focusing on high-temperature industrial refractory materials [12] Companies Registered Successfully - Two companies received registration approval during the period: - Ningbo Jianxin Superconducting Technology Co., Ltd., involved in MRI equipment core components [15] - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd., focusing on PVA and specialty fibers [15] Companies Terminated IPO Review - Two companies withdrew their IPO applications: - Fujian Haichuang Optoelectronic Technology Co., Ltd., specializing in laser technology [16] - Shandong Canon Technology Co., Ltd., focusing on energy-saving and environmental protection technologies [17]

Core Viewpoint - Daming Electronics (603376.SH) experienced a significant stock price decline of 9.50% on November 10, closing at 46.12 yuan after its recent IPO on November 6 [1] Group 1: IPO Details - Daming Electronics issued a total of 40.001 million shares at an initial price of 12.55 yuan per share [1] - The total funds raised from the IPO amounted to 502.0126 million yuan, with a net amount of 423.8220 million yuan after deducting issuance costs, exceeding the original plan by 23.7561 million yuan [1] - The company plans to use the raised funds for the construction of a new factory project in Chongqing and to supplement working capital [1] Group 2: Underwriting and Fees - The lead underwriter for the IPO was Guotai Junan Securities Co., Ltd., with representatives Wu Bo and Wang Jiaying [1] - Total issuance costs were 78.1906 million yuan (excluding VAT), with underwriting and sponsorship fees accounting for 48.6912 million yuan [1]

Group 1: New Stock Performance - Last week (November 3-7), 5 new stocks were listed with an average first-day price increase of 260.87%[3] - Four stocks had first-day gains exceeding 100%, including Danna Biotech at 497.08%[3] - No new stocks experienced a first-day decline below their issue price[3] Group 2: Weekly New Stock Issuance Trends - The total amount raised from new stock offerings last week was 35.85 billion yuan, a decrease of 55.82 billion yuan compared to the previous week[4] - The number of new stocks listed last week was 5, compared to 4 the week before[5] - The average first-day price increase for new stocks last week was 260.87%, up from 168.79% the previous week[5] Group 3: Monthly New Stock Trends - In the first week of November, 5 new stocks were listed, raising 35.85 billion yuan with 0% first-day decline rate[12] - In October, 9 new stocks raised 128.21 billion yuan, with an average first-day increase of 244.64%[12] - The average first-day price increase for new stocks in September was 258.52%[12] Group 4: Upcoming New Stock Subscriptions - This week, there are 2 new stocks available for online subscription, one from the main board and one from the North Exchange[20] - Hai'an Group is expected to raise 31.07 billion yuan, while Nant Technology is expected to raise 3.22 billion yuan[20] - The subscription dates are November 14 for Hai'an Group and November 11 for Nant Technology[20] Group 5: Risk Considerations - New stock performance is influenced by market sentiment, which can affect issuance outcomes[21] - If post-issuance performance does not meet expectations, it may impact future market performance of new stocks[21] - Newly listed stocks often have lower liquidity, leading to potential price volatility[21]

Core Viewpoint - Daming Electronics Co., Ltd. is set to officially list on the Shanghai Stock Exchange on November 6, marking a significant step in its IPO process and reflecting its strong position in the automotive electronics sector [1] Company Overview - Daming Electronics has over 30 years of experience in the automotive electronics components field, serving major Chinese electric vehicle manufacturers such as Changan Automobile, BYD, SAIC, and FAW [1][2] - The company has evolved into a comprehensive solution provider for automotive body electronic control systems, with core products spanning five categories: driving assistance systems, cockpit central control systems, intelligent optoelectronic systems, window control systems, and seat adjustment systems [2] Market Position and Competitive Advantage - Daming Electronics has established a robust customer base that includes nearly all major domestic automotive manufacturers and has successfully entered the supply chains of international brands like Ford and Toyota [3] - The company has accumulated 166 patents and invests 4% of its annual revenue in R&D, showcasing its commitment to innovation and quality [3] Financial Performance - From 2022 to the first half of 2025, Daming Electronics has shown continuous revenue growth, with revenues of 1.713 billion, 2.147 billion, 2.727 billion, and 1.297 billion respectively [5] - The company’s net profit has also increased, with figures of 143 million, 196 million, 279 million, and 112 million for the same periods [5] - In the first half of this year, the main business revenue grew by 11.24%, with a gross margin of 18.16%, comparable to industry averages [5] Product Segmentation - The revenue breakdown shows that driving assistance systems account for 28.3% of total revenue, followed by window control systems at 24.62%, and intelligent optoelectronic systems at 19.9% [5] - The cockpit central control system has the highest gross margin at 27.49%, while the driving assistance system follows with a gross margin of 22.86% [6] IPO and Fundraising - The IPO aims to raise approximately 400 million yuan, primarily for the construction of a new factory in Chongqing and to supplement working capital, addressing capacity constraints [7][8] - The company plans to optimize its asset structure and enhance its market share and technological advantages through the implementation of the fundraising projects [9] Future Development - Daming Electronics aims to deepen its operational framework in Wenzhou and Chongqing, leveraging regional automotive industry resources to meet future order demands [9] - The company’s evolution from a single product provider to a comprehensive solution supplier reflects the broader trend of domestic automotive parts localization in China [9]

Core Viewpoint - Daming Electronics (603376.SH) experienced a significant stock price drop of 20.93% on November 7, closing at 50.96 yuan, marking the largest decline in the A-share market on that day [1] Company Overview - Daming Electronics was listed on the Shanghai Stock Exchange on November 5, with an issuance of 40.001 million shares at a price of 12.55 yuan per share [1] - The total funds raised from this issuance amounted to 502.0126 million yuan, with a net amount of 423.8220 million yuan after deducting issuance costs, exceeding the original plan by 23.7561 million yuan [1] Fund Utilization - The company plans to use the raised funds for the construction of a new factory project (Phase II) for Daming Electronics (Chongqing) Co., Ltd., and to supplement working capital [1] - The total issuance costs were 78.1906 million yuan (excluding VAT), with underwriting and sponsorship fees accounting for 48.6912 million yuan [1]

Market Overview - The automotive parts sector experienced a decline of 1.61% on November 7, with C Daming leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable gainers in the automotive parts sector included: - Aolian Electronics (300585) with a closing price of 22.94, up 8.82% and a trading volume of 232,400 shares, totaling 531 million yuan [1] - ST Meichen (300237) closed at 2.86, up 7.12% with a trading volume of 1,052,100 shares, totaling 29.1 million yuan [1] - Zhongjie Automotive (301560) closed at 39.56, up 5.21% with a trading volume of 81,600 shares, totaling 32.3 million yuan [1] - Major decliners included: - C Daming (603376) closed at 50.96, down 20.93% with a trading volume of 214,700 shares, totaling 1.141 billion yuan [2] - Biaobang Co. (301181) closed at 40.96, down 20.00% with a trading volume of 9,738 shares, totaling 3.9868 million yuan [2] - Hengshuai Co. (696000E) closed at 105.00, down 12.35% with a trading volume of 54,800 shares, totaling 589 million yuan [2] Capital Flow - The automotive parts sector saw a net outflow of 4 billion yuan from institutional investors, while retail investors contributed a net inflow of 2.421 billion yuan [2][3] - Key stocks with significant capital flow included: - New Spring Co. (603179) with a net inflow of 220 million yuan from institutional investors, but a net outflow of 288 million yuan from retail investors [3] - Shuanglin Co. (300100) had a net inflow of 10.4 million yuan from institutional investors, with outflows from both retail and speculative investors [3]

Core Viewpoint - Daming Electronics Co., Ltd. has officially listed on the Shanghai Stock Exchange, marking a significant milestone in its development and recognition in the capital market after over 30 years in the automotive body electronic control systems sector [2] Group 1: Strategic Placement and Market Position - The IPO attracted significant interest from various industrial capital investors, indicating strong confidence in the company’s market position and future growth potential [3] - Daming Electronics has established a solid market position in the automotive body electronic control systems field, with a market share of 16.29% in the driver window control assembly, showcasing its leading advantage in specific segments [3] Group 2: Financial Performance - The company has demonstrated robust growth, with revenue increasing from 1.713 billion to 2.727 billion from 2022 to 2024, and net profit rising from 151 million to 282 million during the same period [4] - In the first half of 2025, the company reported revenue of 1.297 billion and net profit of 114 million, indicating continued steady growth [4] Group 3: Fundraising and Future Plans - Daming Electronics aims to raise approximately 400 million through the IPO, primarily for the construction of a new plant and to supplement working capital, which is crucial for expanding production capacity [5] - The new plant is expected to enhance production capabilities, with an annual capacity of 12.637 million sets of automotive electronic control systems upon completion [5] - The implementation of the fundraising project is expected to significantly improve the company's net assets and working capital, optimizing its financial structure and supporting market share expansion [5] Group 4: Future Outlook - The company plans to leverage the ongoing growth of China's automotive industry, enhancing production capacity and technological capabilities to become a leading supplier of comprehensive solutions in automotive body electronic control systems [6] - Daming Electronics aims to strategically position itself upstream in the industry chain, enhancing its competitive edge and market share through optimized production and product upgrades [6]