Core Viewpoint - The stock price of Jianxin Superconductor (688805.SH) has declined significantly since its debut on the Shanghai Stock Exchange, closing at 47.16 yuan with a drop of 7.26% on December 29, marking a new low since its listing [1] Group 1: Company Overview - Jianxin Superconductor was listed on the STAR Market on December 24, with an issuance of 41.92 million shares at a price of 18.58 yuan per share [1] - The total amount raised by Jianxin Superconductor was 778.8736 million yuan, with a net amount of 688.6427 million yuan after deducting issuance costs, which is 86.3573 million yuan less than originally planned [1] Group 2: Financial Details - The total issuance costs amounted to 90.2309 million yuan, including a sponsorship fee of 5 million yuan and an underwriting fee of 54.5212 million yuan [1] - The funds raised are intended for projects including the annual production of 600 sets of liquid helium-free superconducting magnets, 600 sets of high-field medical superconducting magnets, and new superconducting magnet research and development [1]

Group 1 - The new stock and newly listed sector continues to exhibit a speculative trend, with localized highlights becoming more pronounced. The current adjustment cycle has lasted nearly four months, and the negative impact from the failure to reach a bottom in early December is expected to have been digested over the past few weeks. A turning point for this adjustment cycle may be approaching [1][2][13] - The average increase in the new stock sector since the beginning of 2024 is approximately 1.2%, with about 60.1% of stocks achieving positive returns, indicating a recovery from the previous week’s average decline of -2.0% [1][13][28] - External catalysts are increasing, including the central bank's encouragement to raise long-term capital investment in A-shares, which may boost overall market risk appetite. Additionally, the Shanghai Stock Exchange's new listing standards for commercial aerospace companies may enhance trading enthusiasm in current popular themes [2][13] Group 2 - The focus remains on technology sectors, particularly in areas such as AI computing power, robotics, and commercial aerospace, which have significant long-term growth potential. Continuous attention and active search for emerging hotspots within these sectors are recommended [3][13] - For sectors that are currently popular, it is advised to manage the rhythm of adjustments and consider rotational investments, including innovative pharmaceuticals, new energy, new consumption, and non-ferrous chemicals [3][13] Group 3 - Upcoming new stocks include Qiangyi Co., Yufan Technology, Shuangxin Environmental Protection, and Hengdong Light [4][33] - Last week, three new stocks were available for online subscription, with an average issuance price-earnings ratio of 18.7X and an average subscription success rate of 0.0210% [5][21] - The average first-day increase for newly listed stocks last week was approximately 265%, indicating sustained high trading enthusiasm, although this was a slight decrease from the previous week’s average of 343% [5][25][26]

Market Overview - The Sci-Tech Innovation 50 Index decreased by 0.23%, closing at 1349.06 points, with a total trading volume of 3.991 billion shares and a turnover of 195.251 billion yuan, resulting in a weighted average turnover rate of 2.05% [1] - Among the tradable stocks on the Sci-Tech Innovation Board, 439 stocks closed higher, with 15 stocks rising over 10% and 38 stocks rising between 5% and 10%. Conversely, 152 stocks closed lower [1] Turnover Rate Analysis - The turnover rate distribution shows that 6 stocks had a turnover rate exceeding 20%, 20 stocks had a turnover rate between 10% and 20%, and 52 stocks had a turnover rate between 5% and 10% [1] - The stock with the highest turnover rate was C Jianxin, a new stock listed for 5 days, which fell by 8.28% with a turnover rate of 45.09% and a daily trading volume of 755 million yuan, attracting a net inflow of 44.6355 million yuan [1] - Another new stock, Youxun Co., experienced a decline of 6.43% with a turnover rate of 37.75% and a daily trading volume of 1.27 billion yuan, resulting in a net outflow of 211 million yuan [1] Sector Performance - Among the stocks with a turnover rate exceeding 5%, the electronics sector had the highest representation with 26 stocks, followed by machinery equipment and national defense industries with 11 and 10 stocks, respectively [2] - The top gainers in the high turnover category included Gaohua Technology, Zhenlei Technology, and Fudan Microelectronics, with increases of 18.90%, 16.90%, and 16.21%, respectively [2] Capital Flow Insights - In terms of capital flow, 38 stocks in the high turnover category saw net inflows, with Zhenlei Technology, Changguang Huaxin, and Tengjing Technology receiving the most significant net inflows of 482 million yuan, 459 million yuan, and 202 million yuan, respectively [2] - Conversely, stocks with the highest net outflows included Moer Thread, Youxun Co., and Huafeng Technology, with outflows of 415 million yuan, 211 million yuan, and 114 million yuan, respectively [2] Leverage Fund Movements - A total of 59 stocks in the high turnover category received net purchases from leveraged funds, with Youxun Co., Muxi Co., and Bolite receiving the most significant increases in financing balance of 486 million yuan, 283 million yuan, and 221 million yuan, respectively [3] - Stocks that saw a decrease in financing balance included Zhenlei Technology, Guoke Military Industry, and Jiayuan Technology, with reductions of 64.484 million yuan, 49.081 million yuan, and 35.392 million yuan, respectively [3]

Group 1 - The core point of the article is that Jianxin Superconductor (688805.SH) experienced a significant stock price drop of 8.28% on its first trading day, closing at 53.31 yuan [1] - Jianxin Superconductor was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 24, 2023, with an issuance of 41.92 million shares at a price of 18.58 yuan per share [1] - The total amount of funds raised by Jianxin Superconductor was 778.87 million yuan, with a net amount of 688.64 million yuan after deducting issuance costs, which is 86.36 million yuan less than the original plan [1] Group 2 - The company plans to use the raised funds for projects including the annual production of 600 sets of liquid helium-free superconducting magnets, 600 sets of high-field medical superconducting magnets, and new superconducting magnet research and development [1] - The total issuance costs amounted to 90.23 million yuan, which includes a sponsorship fee of 5 million yuan and an underwriting fee of 54.52 million yuan [1]

Core Viewpoint - Ningbo Jianxin Superconductor Technology Co., Ltd. officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking a new chapter in its capital market journey [1] Company Overview - Jianxin Superconductor issued 41.92 million shares, raising a net amount of 689 million yuan, which will be primarily invested in the production of 600 sets of helium-free superconducting magnets and high-field medical superconducting magnets, as well as R&D of new superconducting magnets [2] - Established in 2013, the company focuses on the R&D, production, and sales of core components for MRI equipment, with key products including superconducting magnets, permanent magnets, and gradient coils, which account for approximately 50% of MRI equipment costs [2] Product and Technology - The company's 1.5T helium-free superconducting magnet utilizes solid-state conduction cooling technology, eliminating the need for liquid helium, addressing supply shortages, and enhancing reliability and adaptability of MRI equipment [3] - As of June 30, 2025, the company holds 85 authorized patents, including 45 invention patents, and has developed 13 core technologies with independent intellectual property rights [3] Financial Performance - Jianxin Superconductor has shown a growth trend in revenue, achieving 359 million yuan, 451 million yuan, and 425 million yuan in revenue for the years 2022 to 2024, with corresponding net profits of 34.63 million yuan, 48.73 million yuan, and 55.78 million yuan [4] - For the first nine months of 2025, the company reported revenue of 393 million yuan, a year-on-year increase of 37.34%, and a net profit of 47.62 million yuan, up 38.54% year-on-year [4] - The company projects 2025 revenue to reach between 580 million yuan and 620 million yuan, with a year-on-year growth of 36.31% to 45.71%, and net profit expected to be between 70 million yuan and 75 million yuan, reflecting a growth of 39.25% to 49.20% [4] Market Context - The demand for medical MRI equipment in China is significant, as the density of MRI devices remains lower than in Europe and the United States, indicating a potential market opportunity [1] - Jianxin Superconductor's products align with the trends of helium-free, high-field, and open MRI systems, and the company has established partnerships with leading global MRI manufacturers [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the initial public offering (IPO) registration of Ningbo Jianxin Superconductor Technology Co., Ltd [1]

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the initial public offering (IPO) registration of Ningbo Jianxin Superconducting Technology Co., Ltd [1]

Market Overview - The Shanghai Composite Index closed at 3940.95 points, up 0.53%, with a trading volume of 773.9 billion yuan [1] - The Shenzhen Component Index closed at 13486.42 points, up 0.88%, with a trading volume of 1106.34 billion yuan [1] - The ChiNext Index closed at 3229.58 points, up 0.77%, with a trading volume of 508.985 billion yuan [1] - The total trading volume of both markets was 1880.24 billion yuan, a decrease of 19.647 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included defense, electronics, construction materials, light manufacturing, machinery, environmental protection, chemicals, and computers [2] - Concepts such as commercial aerospace, satellite internet, 6G, and nuclear pollution prevention showed active performance [2] - Weak sectors included agriculture, precious metals, coal, insurance, and banking [2] Stock Performance - A total of 3989 stocks rose, while 1004 stocks fell, with 173 stocks remaining flat and 13 stocks suspended [2] - 86 stocks hit the daily limit up, while 6 stocks hit the daily limit down [2] Fund Flow - The net inflow of main funds in the Shanghai and Shenzhen markets was 3.81 billion yuan, with the ChiNext seeing a net inflow of 5.12 billion yuan [5] - The electronic sector had the highest net inflow of 4.916 billion yuan, followed by power equipment and defense industries [5] - The chemical sector experienced the largest net outflow of 1.577 billion yuan, along with pharmaceuticals and transportation [5] Individual Stock Highlights - 104 stocks received net inflows exceeding 1 billion yuan, with Demingli leading at 955 million yuan [6] - The top net outflow stock was Xinyi Sheng, with a net outflow of 928 million yuan [10] - Institutional investors net bought 21 stocks, with Tianyin Electromechanical receiving the highest net purchase of approximately 496 million yuan [13]

Market Overview - The Shanghai Composite Index rose by 0.53% on December 24, with 26 out of the 28 sectors experiencing gains, led by the defense and electronics sectors, which increased by 2.88% and 2.12% respectively [1] - The pharmaceutical and biological sector saw a modest increase of 0.24% [1] - The agriculture, forestry, animal husbandry, and fishery sectors, along with coal, were the worst performers, declining by 0.85% and 0.70% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 10.37 billion yuan, with 17 sectors experiencing net inflows [1] - The electronics sector had the highest net inflow, totaling 8.68 billion yuan, coinciding with its 2.12% increase [1] - The power equipment sector also performed well, with a 1.03% increase and a net inflow of 3.76 billion yuan [1] - Conversely, 14 sectors experienced net outflows, with the non-ferrous metals sector leading with a net outflow of 1.635 billion yuan, followed by the basic chemicals sector with 1.212 billion yuan [1] Pharmaceutical and Biological Sector - The pharmaceutical and biological sector increased by 0.24%, but faced a net outflow of 1.141 billion yuan [2] - Out of 479 stocks in this sector, 320 rose while 134 fell, with one stock hitting the daily limit down [2] - The top three stocks with significant net inflows included C Jianxin with 690 million yuan, followed by Hanyu Pharmaceutical and Innovation Medical with 134 million yuan and 68.69 million yuan respectively [2] - The sector's outflow leaders included Hainan Haiyao with a net outflow of 280 million yuan, followed by Heng Rui Pharmaceutical and Luyan Pharmaceutical with 180 million yuan and 136.53 million yuan respectively [4]

Group 1 - The core point of the article is the listing of Jianxin Superconductor on the Shanghai Stock Exchange today, with an issue price of 18.58 yuan per share and a price-to-earnings ratio of 61.97 times [2][1]. - Jianxin Superconductor's stock code is 688805, and it is listed on the Sci-Tech Innovation Board [2]. - New Guangyi and Shaanxi Tourism have announced the results of their online lottery for stock subscriptions today [1][3]. Group 2 - New Guangyi has a total of 30,085 winning lottery numbers, with each winning number allowing the subscription of 500 shares [4]. - The winning numbers for New Guangyi include specific last digits, such as 6253 for the last four digits and various combinations for the last five and six digits [5]. - Shaanxi Tourism has a total of 38,666 winning lottery numbers, with each winning number also allowing the subscription of 500 shares [4]. - The winning numbers for Shaanxi Tourism include specific last digits, such as 1011 for the last four digits and various combinations for the last five, seven, and nine digits [6].