Summary of Key Points Core Viewpoint - In the first half of 2025, a total of 51 new companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 37.3 billion yuan [1]. Company Listings by Region - Jiangsu Province had 12 companies listed, raising a total of 5.159 billion yuan [2]. - Zhejiang Province had 10 companies listed, raising a total of 9.693 billion yuan [2]. - Guangdong Province also had 10 companies listed, raising a total of 7.153 billion yuan [2]. - Anhui Province had 5 companies listed, raising a total of 3.153 billion yuan [3]. - Other provinces such as Hubei, Jiangxi, Sichuan, and Shandong had 2 companies each listed, while Inner Mongolia, Beijing, Jilin, Shanghai, Heilongjiang, and Hunan had 1 company each listed [1]. Top Fundraising Companies - The top five companies by fundraising amount were: 1. Zhongce Rubber: 4.066 billion yuan (Zhejiang Province) 2. Tianyouwei: 3.740 billion yuan (Heilongjiang Province) 3. Yingshi Innovation: 1.938 billion yuan (Guangdong Province) 4. Kaifa Technology: 1.169 billion yuan (Sichuan Province) 5. Xingfu Electronics: 1.168 billion yuan (Hubei Province) [1].

Core Insights - A total of 51 new companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange from January to June 2025, raising a total of 37.3 billion yuan [1] - Among these, 7 companies were listed on the Sci-Tech Innovation Board, collectively raising 5.619 billion yuan [1] Listing Details - The 7 companies that chose the first set of listing standards include: - Ying Shi Innovation (688775.SH) listed on June 11, 2025, raising 1.93807 billion yuan with underwriting fees of 158.3475 million yuan [1] - Han Bang Technology (688755.SH) listed on May 16, 2025, raising 500.94 million yuan with underwriting fees of 37.2891 million yuan [1] - Sheng Ke Nano (688757.SH) listed on March 25, 2025, raising 366.21 million yuan with underwriting fees of 43.9448 million yuan [1] - Hai Bo Si Chuang (688411.SH) listed on January 27, 2025, raising 861.1 million yuan with underwriting fees of 66.4722 million yuan [1] - Xing Fu Electronics (688545.SH) listed on January 22, 2025, raising 1.168 billion yuan with underwriting fees of 82.0755 million yuan [1] - Si Kan Technology (688583.SH) listed on January 15, 2025, raising 568.82 million yuan with underwriting fees of 46.0744 million yuan [1] - Sai Fen Technology (688758.SH) listed on January 10, 2025, raising 215.89 million yuan with underwriting fees of 25.283 million yuan [1] Listing Standards - The listing standards for the Sci-Tech Innovation Board require either: - An expected market value of no less than 1 billion yuan, positive net profits for the last two years, and a cumulative net profit of no less than 50 million yuan, or - An expected market value of no less than 1 billion yuan, positive net profit for the last year, and operating revenue of no less than 100 million yuan [1]

Group 1 - The core viewpoint of the articles highlights the fundraising activities of companies listed on the STAR Market, with a total of 7 companies raising 7.901 billion yuan this year, averaging 1.129 billion yuan per company [1][2] - The company with the highest fundraising amount is Yitang Co., Ltd., which raised 2.497 billion yuan primarily for technology development and reserve funds [1] - Other notable companies include Yingshi Innovation, which raised 1.938 billion yuan for its R&D center and production base, and Xingfu Electronics, which raised 1.168 billion yuan [1] Group 2 - The average initial offering price for STAR Market stocks this year is 21.73 yuan, with Yingshi Innovation having the highest price at 47.27 yuan [1] - The issuance price of Yitang Co., Ltd. is the lowest at 8.45 yuan, while other companies like Sikan Technology and Hanbang Technology have initial prices of 33.46 yuan and 22.77 yuan respectively [1] - The issuance price-earnings ratio for the listed companies ranges from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2] Group 3 - Geographically, the majority of the issued STAR Market companies are concentrated in Beijing, Jiangsu, and Hubei, with fundraising amounts led by Beijing at 3.359 billion yuan [2] - The companies with issuance price-earnings ratios above the industry average include Yitang Co., Ltd. and two others, while five companies fall below the industry average [2] - The detailed fundraising data for the listed companies includes their codes, names, issuance dates, prices, price-earnings ratios, and total funds raised [2]

Core Viewpoint - The Chinese electronic-grade phosphoric acid industry has made significant technological breakthroughs, achieving high purity levels that meet international standards, thus enhancing its competitiveness in the global market [1][10]. Industry Overview - Electronic-grade phosphoric acid is a high-purity phosphoric acid with extremely low impurity levels, widely used in high-tech fields such as semiconductors and optoelectronics [2]. - The industry is categorized into E1 ordinary electronic-grade phosphoric acid and E2 high-purity electronic-grade phosphoric acid according to national standards [2]. Industry Development History - The industry has evolved through three stages: exploration (pre-2008), initial development (2008-2019), and rapid development (2020-present) [4]. - Prior to 2008, the market was dominated by imports from the US, Japan, and Germany, with significant technological barriers [4]. - From 2008 to 2019, domestic companies began to develop electronic-grade phosphoric acid, achieving initial production and export capabilities [4]. - Since 2020, the rapid growth of the domestic electronic industry has driven demand for electronic-grade phosphoric acid, leading to increased R&D investments and market expansion [4]. Industry Supply Chain - The upstream of the electronic-grade phosphoric acid industry includes raw materials like phosphate rock and production equipment [6]. - The midstream involves the production and manufacturing of electronic-grade phosphoric acid, while the downstream applications include semiconductor manufacturing and display panels [6]. Market Size - The demand for electronic-grade phosphoric acid in China is projected to reach 0.91 million tons in 2024, representing a year-on-year growth of 13.75% [10]. - Leading companies like Xingfu Electronics have successfully entered the supply chains of top international wafer manufacturers, indicating a significant enhancement in global competitiveness [10]. Key Company Performance - Xingfu Electronics holds a dominant position in the market, with a 2023 market share of 69.69% in China and approximately 15% globally [12]. - The company’s products meet the highest international standards, with metal ion content controlled below 3 ppb, outperforming many international competitors [12]. - In Q1 2025, Xingfu Electronics reported a revenue of 327 million yuan, a year-on-year increase of 38.60% [12]. Industry Development Trends 1. **Technological Upgrades and High-End Development** - The industry is expected to accelerate technological upgrades, focusing on higher purity products to meet the stringent requirements of advanced semiconductor processes [17]. - Domestic companies are improving production processes and developing new applications for electronic-grade phosphoric acid [17]. 2. **Growing Market Demand and Accelerated Domestic Substitution** - The demand for electronic-grade phosphoric acid is anticipated to continue rising, driven by the rapid development of downstream industries like integrated circuits and new sectors such as AI and electric vehicles [18]. - The domestic substitution rate is projected to increase significantly, reducing reliance on imports [18]. 3. **Industry Chain Integration and Collaborative Development** - The industry will strengthen supply chain integration to enhance overall competitiveness, with companies focusing on resource stability and cost reduction [19]. - Sustainable practices, such as waste recycling and zero discharge technologies, are being explored to align with global ESG trends [19].

一届二十一次董事会决议公告 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、准确性和完整性依法承担法律责任。 湖北兴福电子材料股份有限公司（以下简称"公司"）于2025年6月12日以通讯方式召开了第一届董事会 第二十一次会议。本次会议的通知于2025年6月5日以通讯方式发出。本次会议应收到表决票7张，实际 收到表决票7张，符合《公司法》及《公司章程》的规定。经与会董事认真审议，形成如下决议公告： 一、审议通过《关于制定〈会计师事务所选聘制度〉的议案》 证券代码：688545 证券简称：兴福电子 公告编号：2025-025 湖北兴福电子材料股份有限公司 表决结果：7票同意，0票反对，0票弃权。 特此公告。 湖北兴福电子材料股份有限公司 董事会 2025年6月13日 为规范公司选聘（含新聘、续聘、改聘）会计师事务所的行为，提升审计工作质量，切实维护股东利 益，根据《中华人民共和国公司法》《国有企业、上市公司选聘会计师事务所管理办法》《上海证券交 易所科创板股票上市规则（2025年4月修订）》《上海证券交易所科创板上市公司自律监管指引第1号一 一规范运作（202 ...

湖北兴福电子材料股份有限公司 会计师事务所选聘制度 （2025 年 6 月） 第一章 总则 第一条 为规范湖北兴福电子材料股份有限公司（以下简称 "公司"）选聘会计师事务所的行为，切实维护股东利益，提高 财务信息质量，根据《中华人民共和国公司法》《中华人民共和 国证券法》《国有企业、上市公司选聘会计师事务所管理办法》 等法律、行政法规、部门规章、规范性文件以及《湖北兴福电子 材料股份有限公司章程》（以下简称"公司章程"）的有关规定， 结合公司实际情况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关 法律法规要求，聘任会计师事务所对公司财务会计报告和内部控 制发表审计意见、出具审计报告的行为。公司聘任会计师事务所 从事除财务会计报告审计之外的其他法定审计业务的，公司管理 层视重要性程度可参照本制度执行。 第三条 公司选聘会计师事务所应当经董事会审计委员会 审议同意后，提交董事会审议，并由股东大会决定。 第四条 公司控股股东、实际控制人不得在公司董事会、股 东大会审议前，向公司指定会计师事务所，也不得干预审计委员 - 1 - 会独立履行选聘职责。 第二章 职责分工 第五条 董事会审计委员会负责 ...

证券代码：688545 证券简称：兴福电子 公告编号：2025-025 湖北兴福电子材料股份有限公司 一届二十一次董事会决议公告 一、审议通过《关于制定<会计师事务所选聘制度>的议案》 为规范公司选聘（含新聘、续聘、改聘）会计师事务所的行为，提升审计 工作质量，切实维护股东利益，根据《中华人民共和国公司法》《国有企业、 上市公司选聘会计师事务所管理办法》《上海证券交易所科创板股票上市规则 （2025 年 4 月修订）》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作（2025 年5 月修订）》等法律法规、规范性文件和《公司章程》 等相关规定，并结合公司实际情况，公司制定了《会计师事务所选聘制度》。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露 的《湖北兴福电子材料股份有限公司会计师事务所选聘制度》。 表决结果：7 票同意，0 票反对，0 票弃权。 特此公告。 湖北兴福电子材料股份有限公司董事会 2025 年6 月13 日 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、准确性和完整性依法承担法律责任。 湖北 ...

按不同板块统计，今年以来沪市主板发行新股11只，募资137.61亿元；深市主板发行新股6只，募资 31.20亿元；创业板发行新股17只，募资98.21亿元；科创板发行新股6只，募资54.03亿元；北交所发行 新股4只，募资17.02亿元。 C中策为今年以来募资金额最多的公司，首发募集资金达40.66亿元，募资主要投向补充流动资金，年产 650万套全钢子午线轮胎绿色5G数字工厂项目，年产250万套全钢子午线载重轮胎生产线项目等；其次 是天有为，募资金额为37.40亿元，募资主要用于使用部分闲置募集资金进行现金管理，汽车电子智能 工厂建设项目，补充流动资金等。募集资金较多的还有影石创新、开发科技、兴福电子等，分别募资 19.38亿元、11.69亿元、11.68亿元。 发行价格方面，今年已发行新股平均首发价格为23.90元，发行价在50元以上的有3家，发行价最高的是 天有为，发行价为93.50元，C优优、矽电股份次之，发行价分别为89.60元、52.28元，发行价较低的有 天工股份、浙江华远等，首发价格分别为3.94元、4.92元。 地域分布来看，今年已发行新股主要集中在江苏、浙江、广东，分别有11家、10家、9家 ...

湖北兴福电子材料股份有限公司 关于参加湖北辖区上市公司 2025 年投资者 网上集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 证券代码：688545 证券简称：兴福电子 公告编号：2025-024 为进一步加强与投资者的互动交流，湖北兴福电子材料股份有限公司（以 下简称"公司"）将参加由湖北证监局、湖北省上市公司协会与深圳市全景网 络有限公司联合举办的"2025年湖北辖区上市公司投资者集体接待日活动"， 现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为2025 年6 月12 日（周四）14:00-16:40。届 时公司高管将在线就公司2024 年度业绩、公司治理、发展战略、经营状况等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与。 特此公告。 湖北兴福电子材料股份有限公司董事会 2025 年6 月6 日 ...

Summary of Key Points Core Viewpoint - The article discusses the recent issuance of new stocks in the market, highlighting the total fundraising amounts and the performance of various companies in 2023 [1][2]. Group 1: New Stock Issuance - Haiyang Technology issued 45.31 million shares at a price of 11.50 yuan, raising 521 million yuan [1]. - As of June 3, 2023, a total of 43 companies have gone public this year, raising a cumulative amount of 33.31 billion yuan, with an average fundraising of 777.5 million yuan per company [1]. - Among the new issuances, 9 companies raised over 1 billion yuan, while 17 companies raised between 500 million yuan and 1 billion yuan, and another 17 companies raised less than 500 million yuan [1]. Group 2: Fundraising by Companies - Zhongce Rubber is the company with the highest fundraising this year, raising 4.066 billion yuan primarily for working capital and new production projects [2]. - Tianyouwei follows with a fundraising amount of 3.740 billion yuan, mainly for cash management and construction of an automotive electronics factory [2]. - Other notable companies include Yingshi Innovation, Kaifa Technology, and Xingfu Electronics, raising 1.938 billion yuan, 1.169 billion yuan, and 1.168 billion yuan respectively [2]. Group 3: Pricing and Regional Distribution - The average initial public offering (IPO) price for new stocks this year is 23.99 yuan, with three companies having an IPO price above 50 yuan [2]. - Tianyouwei has the highest IPO price at 93.50 yuan, followed by Youyou Green Energy and Xidian Co., Ltd. at 89.60 yuan and 52.28 yuan respectively [2]. - The majority of new stock issuances are concentrated in Jiangsu, Zhejiang, and Guangdong, with total fundraising amounts of 9.693 billion yuan, 6.459 billion yuan, and 4.411 billion yuan respectively [2].