IPO观察日报（2.6）：证监会同意埃泰克、高特电子IPO注册申请；春光科技创业板过会；澜起科技港股暗盘涨39% 5、苏州维衡科技股份有限公司 辅导机构：光大证券股份有限公司；备案时间：2026年2月5日；公示内容：关于苏州维衡科技股份有限公司向不特定合格投资者公开发行股票并在北交所上 市辅导备案报告 （一）证监会公开发行辅导公示 1、江苏永志半导体材料股份有限公司 辅导机构：华泰联合证券有限责任公司；备案时间：2026年2月5日；公示内容：关于江苏永志半导体材料股份有限公司首次公开发行股票并上市辅导备案报 告 2、江苏点夺技术股份有限公司 辅导机构：兴业证券股份有限公司；备案时间：2026年2月5日；公示内容：兴业证券股份有限公司关于江苏点夺技术股份有限公司首次公开发行股票并上市 辅导备案的报告 3、宝银特材科技股份有限公司 辅导机构：中信证券股份有限公司；备案时间：2026年2月5日；公示内容：关于宝银特材科技股份有限公司向不特定合格投资者公开发行股票并在北京证券 交易所上市辅导备案报告 4、江苏烽禾升科技集团股份有限公司 辅导机构：华泰联合证券有限责任公司；备案时间：2026年2月5日；公示内容：关于江 ...

一、业绩增长与现金流背离，预测反转存疑 瞭望塔梳理招股书时发现，春光科技净利润从2022年的7713.75万元持续增长至2024年的9888.97万元，呈现出良好的盈利态势。但与之形成鲜明对比的是， 同期经营活动产生的现金流量净额却从8010.28万元大幅下滑至2864.92万元，显示盈利质量与现金回收能力在恶化。更为引人关注的是，该指标在2025年上 半年首次出现负值，为-247.35万元，却在全年预测中"神奇"地逆转为正1.19亿元。这种"V型"反转与上半年实际表现对比刺眼，其合理性和可实现性成为监 管问询焦点。 瞭望塔财经获悉，深交所上市审核委员会将于2月5日审议山东春光科技集团股份有限公司的创业板IPO申请。这家自称"国内销量第一"的磁粉龙头企业，计 划募集资金7.51亿元，主要用于产能扩张。然而，在其表面光鲜的业绩背后，一系列经营与治理问题正逐渐浮出水面。 | 项目 | 2025 年 1-6 月/ | 2024 年度/ 2025 年 6 月 30 日 2024 年 12 月 31 日 2023 年 12 月 31 日 2022 年 12 月 31 日 | 2023 年度/ | 2022 年度/ | ...

据深交所，山东春光科技集团股份有限公司审核状态变更为已问询。 ...

Market Overview - The home appliance components sector increased by 1.73% on January 19, with Hejing Technology leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Stock Performance - Hejing Technology (300279) closed at 9.61, up 19.98% with a trading volume of 1.0329 million shares [1] - Other notable gainers include: - Chunguang Technology (603657) at 31.97, up 6.53% [1] - Shibi Zhi (920768) at 14.16, up 5.28% [1] - Hongchang Technology (301008) at 38.01, up 3.01% [1] - United Precision (001268) at 36.48, up 2.91% [1] Capital Flow - The home appliance components sector experienced a net outflow of 65.2276 million yuan from institutional investors and 45.186 million yuan from retail investors, while individual investors saw a net inflow of 110 million yuan [2] - The capital flow for key stocks includes: - Hejing Technology with a net outflow of 93.1099 million yuan from retail investors [3] - Tianyin Electromechanical (300342) with a net inflow of 57.6062 million yuan from institutional investors [3] - Dongbei Group (601956) with a net inflow of 9.6255 million yuan from institutional investors [3]

Core Viewpoint - The clean appliance hose market in China is experiencing significant growth, projected to increase from 1.1 billion yuan in 2019 to 1.7 billion yuan by 2024, with a compound annual growth rate (CAGR) of 8.4% driven by rising demand for clean appliances and improved living standards [1][6]. Industry Overview - Clean appliance hoses are flexible pipes that connect the main unit of cleaning appliances to accessories, affecting cleaning efficiency and user experience. They are primarily made from flexible materials and designed to minimize pressure loss during operation [2][3]. - The market for clean appliance hoses is expected to continue growing due to advancements in material science and manufacturing processes [6]. Industry Chain - The upstream of the clean appliance hose industry includes raw materials such as polyethylene, PVC, and various additives. The midstream involves the production of hoses, while the downstream encompasses the cleaning appliance sector, including vacuum cleaners, dishwashers, and washing machines [3][4]. Market Trends - The clean appliance market has shown an upward trend, with sales volume and revenue expected to rise significantly in 2024 due to policies like "old-for-new" exchanges and national subsidies. The sales volume is projected to increase by 22.8% to 30.35 million units, with revenue rising by 24.4% to 42.3 billion yuan [5]. - The vacuum cleaner market, a key application for clean appliance hoses, is expected to reach a market size of 43.2 billion yuan in 2024, reflecting a 12.5% year-on-year increase [5]. Competitive Landscape - The competitive landscape of the clean appliance hose industry is evolving, with increasing concentration as larger companies with advantages in scale, product quality, and technology gain market share. Key players include companies like Jinhua Chunguang Rubber and Plastic Technology Co., Ltd. and Hangzhou Taihe Plastic Co., Ltd. [7][8]. Development Trends - There is a trend towards high-end materials and structural upgrades in clean appliance hoses, with a shift from traditional PVC to high-performance polymers like TPU and silicone, enhancing durability and functionality [10]. - Customization is becoming a significant growth driver, with manufacturers responding to specific requirements for hose dimensions and designs to create differentiated products [11]. - The demand for environmentally friendly products is increasing, presenting opportunities for companies to develop eco-friendly hose solutions to meet consumer expectations [13].

Group 1 - The core point of the article is that Springlight Technology's subsidiary, Suzhou Shangteng Technology Manufacturing Co., Ltd., has received preliminary approval for an environmental impact assessment for a new project aimed at producing 8 million clean electrical appliances annually, with a total investment of 1 billion yuan [1] - The approval information was disclosed by regulatory authorities on December 25, 2025 [1] - The "A-share Green Report" project, launched by the Daily Economic News in collaboration with the public environmental research center (IPE), aims to enhance the transparency of environmental information from listed companies [1] Group 2 - The latest A-share Green Weekly Report indicated that four listed companies have recently exposed environmental risks [3]

Market Overview - The Shanghai Composite Index closed at 3968.84 points, with a slight increase of 0.09% [1] - The total trading volume of A-shares reached 2461.743 billion yuan [1] Technical Analysis - A total of 167 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sanfu New Science (三孚新科) with a difference of -1.68% [1] - Tianjian Technology (天箭科技) with a difference of -1.66% [1] - Zhongmin Energy (中闽能源) with a difference of -1.30% [1] Individual Stock Performance - Sanfu New Science (688359) decreased by 0.25% with a trading turnover of 1.57% [1] - Tianjian Technology (002977) saw a significant drop of 9.99% with a trading turnover of 2.27% [1] - Zhongmin Energy (600163) declined by 2.17% with a trading turnover of 1.33% [1] - Other notable stocks include: - Hainan Ruize (002596) increased by 0.94% [1] - Weidao Nano (688147) decreased by 1.54% [1] - Eighty Billion (688181) increased by 0.31% [1] Additional Stock Movements - Stocks such as Xiling Information (300588) and Zhaolong Interconnect (300913) also showed minor declines of 0.11% and 1.55% respectively [1] - The performance of ST stocks included: - ST Huaxi (002630) with a decrease of 0.40% [1] - ST Meicheng (300237) with a decline of 1.90% [1]

证券日报网讯 12月30日，春光科技在互动平台回答投资者提问时表示，公司二级市场股价走势受多方 面因素影响，公司目前生产经营正常。 （文章来源：证券日报） ...

证券日报网讯 12月29日，春光科技发布公告称，公司2025年12月29日召开2025年第五次临时股东会， 审议通过《关于公司符合向特定对象发行A股股票条件的议案》等多项议案。 （文章来源：证券日报） ...

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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 45 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 87,290,920 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 65.5511 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 证券代码：603657 证券简称：春光科技 公告编号：2025-085 金华春光橡塑科技股份有限公司 2025年第五次临时股东会决议公告 本次会议由公司董事会召集，董事长陈正明先生主持，采取现场和网络投票 相结合的方式召开并表决。本次股东会的召集和召开程序、出席会议人员的资格、 会议召集人资格、会议表决程序和表决结果均符合《公司法》及《公司章程》。 (一) 股东会召开的时间：2025 年 12 月 29 日 (二) 股东会召开的地点：浙江省金华市金磐开发区花台路 139 ...