Core Viewpoint - China Electronics Technology Group Corporation (CETC) has a significant control over the newly listed company, China Electric Power Technology Co., Ltd. (Electric Power Blue Sky), which has shown a remarkable stock performance on its debut, indicating strong market interest and potential in the aerospace power sector. Group 1: Company Overview - Electric Power Blue Sky was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, closing at 65.94 yuan with a surge of 596.30% on its first day, achieving a total market capitalization of 114.53 billion yuan [1] - The company specializes in the research, production, sales, and service of electric energy products and systems, covering applications from deep sea (1 km underwater) to deep space (225 million km from Earth) [1] - Its main business segments include aerospace power, special power, and new energy applications and services [1] Group 2: Shareholding Structure - CETC holds 48.97% of Electric Power Blue Sky's shares directly and has additional indirect holdings through other subsidiaries, totaling 84.50% of voting rights before the IPO [2] - Post-IPO, CETC's direct shareholding decreased to 44.07%, but it still controls 76.05% of the voting rights [2] Group 3: Financial Performance - In 2022, 2023, and the first half of 2024, Electric Power Blue Sky reported revenues of 252.11 million yuan, 352.40 million yuan, and 312.70 million yuan respectively, with net profits of 21.38 million yuan, 19.01 million yuan, and 33.78 million yuan [7] - The company’s revenue for the first half of 2025 was 111.34 million yuan, with a net profit of 5.95 million yuan [8] - For the first nine months of 2025, the company achieved a revenue of 170.82 million yuan, a year-on-year increase of 6.02%, and a net profit of 11.34 million yuan, up 7.84% [10] Group 4: Fundraising and Use of Proceeds - The total number of shares issued in the IPO was 173.7 million at a price of 9.47 yuan per share, raising approximately 164.49 million yuan before expenses [4] - The net proceeds from the IPO, after deducting issuance costs, amounted to 157.92 million yuan, which is 7.92 million yuan more than initially planned [5] - The funds raised will primarily be used for the industrialization of aerospace power systems [6]

Core Viewpoint - The successful IPO of Electric Science and Technology Blue Sky on the STAR Market marks a significant milestone as it becomes the 603rd listed company and the first energy industrialization platform under China Electronics Technology Group Corporation to go public, aiming to enhance production capacity and technological innovation in alignment with national strategies [2][10]. Company Overview - Electric Science and Technology Blue Sky was established in 1992 and has undergone various reforms and technological upgrades, positioning itself as a core platform for energy industrialization under China Electronics Technology [2][8]. - The company focuses on advanced power solutions for national projects, including major space missions, and aims to expand into new energy applications and services [8][14]. IPO Performance - On its first trading day, the company's stock opened at 80.5 CNY per share, reflecting a 750.05% increase, and closed at 65.94 CNY, a 596.3% rise, with a market capitalization exceeding 100 billion CNY [5][6]. - Investors who subscribed to the IPO could earn approximately 35,515 CNY per share based on the opening price [5]. Business Segments - The company operates in three main business areas: aerospace power, special power, and new energy applications, with aerospace power being the core segment, generating 19.15 billion CNY in revenue in 2024, accounting for 63.42% of total revenue [14][15]. - The company has provided power products for over 700 spacecraft, maintaining a gross margin of over 31% in its aerospace power segment [14][15]. Technological Advancements - Electric Science and Technology Blue Sky has achieved significant technological breakthroughs, including lithium-ion battery systems with energy densities of 300 Wh/kg and 420 Wh/kg for different applications, positioning itself at the forefront of the industry [15]. - The company holds 11 core technologies and has invested 676 million CNY in R&D from 2022 to mid-2025, with a patent portfolio of 367 authorized patents, including 141 invention patents [15]. Future Plans - The company plans to use the funds raised from the IPO to address production capacity bottlenecks in its aerospace power systems, with a total investment of 1.995 billion CNY aimed at meeting the surging demand in the commercial aerospace market [15]. - The company is committed to becoming a world-class innovative technology enterprise in the energy sector, focusing on sustainable development and compliance with corporate responsibilities [8][10].

Group 1 - The core stock, Electric Science and Technology Blue Sky (stock code 688818), opened at 80.50 CNY, representing a 750.05% increase from its issue price of 9.47 CNY, making it the largest gain among new stocks this year [1] - Electric Science and Technology Blue Sky is part of the China Electronics Technology Group Corporation, focusing on advanced electric energy systems and core product solutions, with applications ranging from deep sea to deep space [3] - The company’s main business includes aerospace power, special power, and new energy applications, with a domestic market coverage of over 50% for its aerospace power products by 2024, supporting key national projects such as the Shenzhou series spacecraft and the Tiangong space station [3] Group 2 - Two other new stocks listed on the same day include N Linping, which opened at 63.11 CNY with a 66.61% increase, focusing on the development and production of corrugated paper and boxboard products [3] - The other stock, N Aide, opened at 25 CNY with a 225.95% increase, specializing in the research and production of orthopedic medical devices, including spinal and trauma-related products [3]

2月10日，A股迎来三只新股，分别为沪市主板的林平发展，科创板的电科蓝天，北交所的爱得科技。 其中，电科蓝天今日开盘大涨超750%，为2026年以来首日开盘涨幅最大的新股。随后，电科蓝天股价有所回落，截 至午间收盘报62.95元/股，涨幅为565%，总市值为1093亿元。 据招股书，电科蓝天本次IPO募集资金为15亿元，将投入"宇航电源系统产业化（一期）建设项目"。 电科蓝天本次发行价格为9.47元/股，发行市盈率为56.79倍。若投资者中一签并以今日午间收盘价62.95元/股卖出，可 赚2.67万元。 国外方面，据智通财经报道，SpaceX正推进首次公开募股计划，拟募资远超300亿美元。该公司目标整体估值约1.5万 亿美元，并计划最快于2026年中后期上市。SpaceX预计将利用部分IPO募资开发太空数据中心，包括购买运行所需芯 片。 电科蓝天为中国电科旗下电能源产业国家队，致力于成为中国先进电能源系统解决方案和核心产品的供应商。公司 主营业务和产品涵盖宇航电源、特种电源、新能源应用及服务三大板块。 股票频道更多独家策划、专家专栏，免费查阅>> 电科蓝天是神舟系列飞船、天舟系列飞船、空间站"天和"核心舱、" ...

每经记者｜杜恒峰 每经编辑｜许绍航 记者|杜恒峰 编辑|许绍航 杜波 校对|金冥羽 封面图片|视觉中国（图文无关） 2月10日早盘，市场窄幅震荡，三大指数小幅下跌，截至收盘，沪指跌0.02%，深成指跌0.02%，创业板指跌0.14%。 盘面上热点快速轮动，全市场超2800只个股下跌。 从板块来看，传媒板块持续走高，读客文化、捷成股份、荣信文化、横店影视、上海电影、博纳影业、中国电影、光线传媒等多股涨停。文化传媒相关 ETF集体爆发，影视ETF（159855）、影视ETF（516620）盘中触及涨停，创历史新高。 | 板块名称 | 涨幅↓ | 1分钟涨速 | 王力净量 王力俭爵 | | --- | --- | --- | --- | | 影视院线 1 | +11.62% | +0.17% | 8.95 +25.95 7. | | 2 短剧游戏 | +6.19% | +0.09% | 2.35 +14.48 7. | | 3 Sora概念[文生... +6.04% | | +0.13% | 3.02 +26.28 7. | | 4 文化传媒 | +5.33% | +0.08% | 1.32 +16.48 Z | ...

2月10日，A股开盘涨跌不一，随后三大指数红盘震荡。截至发稿，沪指涨0.05％，深成指涨0.12％，创业板涨0.32％。 算力概念股盘初上扬，大位科技2连板，特发信息涨停，亚康股份、江苏有线、光环新网、城地香江、亿田智能跟涨。 | | | 东数西算/算力(02GN2006) | (+) 板块 | | --- | --- | --- | --- | | | | 1763.93 +10.87 +0.62% | | | 股票名称 | 最新价 | 主力净流入 | 涨跌幅 | | 亚康股份 | 73.51 | 3278.8万 | +13.35% (+) | | 创 301085 | | | | | 特发信息 | 16.12 | 2.0亿 | +10.03% (+) | | sz 000070 | | | | | 人民网 | 26.27 | 2.6亿 | +10.01% (+) | | SH 603000 | | | | | 大位科技 | 11.45 | 1.7亿 | +9.99% (+) | | sh 600589 | | | | | 博汇股份 | 14.46 | 536.9万 | +9.38% (+) | | 800 ...

板块方面，Seedance概念延续强势，荣信文化（301231）等多股竞价涨停，荣信文化、欢瑞世纪（000892）、掌阅科技（603533）2连板，中文在线 （300364）、捷成股份（300182）高开超10%。 消息面上，近日，字节跳动旗下Seedance2.0视频模型进行内测，小云雀app可体验Seedance2.0（限免次数3次），Seedance2.0fast即将上线。Seedance2.0支 持生成5到15秒的单段视频，通过配合自研的分镜工作流，可制作出一段包含多角度拍摄、角色对话且带字幕内容。 此外，文化传媒、影视院线板块续涨，中文在线走出两连板，博纳影业（001330）、上海电影（601595）、浙文影业（601599）、横店影视（603103）、 文投控股（600715）涨停，光线传媒、华策影视（300133）、中国电影（600977）等跟涨。AI语料、Sora概念板块续涨。电网设备板块低开，杭电股份 （603618）跌停，顺钠股份（000533）、通光线缆（300265）、双杰电气（300444）、森源电气（002358）低开。 2月10日，沪指高开0.11%，深成指低开0.05%，创业板 ...

每经记者｜黄胜 每经编辑｜许绍航 记者|黄胜 编辑|许绍航 杜波 校对|金冥羽 2月10日，沪指高开0.11%，深成指低开0.05%，创业板指低开0.33%。 板块方面，Seedance概念延续强势，荣信文化等多股竞价涨停，荣信文化、欢瑞世纪、掌阅科技2连板，中文在线、捷成股份高开超10%。 消息面上，近日，字节跳动旗下Seedance2.0视频模型进行内测，小云雀app可体验Seedance2.0（限免次数3次），Seedance2.0fast即将上线。Seedance2.0支 持生成5到15秒的单段视频，通过配合自研的分镜工作流，可制作出一段包含多角度拍摄、角色对话且带字幕内容。 此外，文化传媒、影视院线板块续涨，中文在线走出两连板，博纳影业、上海电影、浙文影业、横店影视、文投控股涨停，光线传媒、华策影视、中国电 影等跟涨。AI语料、Sora概念板块续涨。电网设备板块低开，杭电股份跌停，顺钠股份、通光线缆、双杰电气、森源电气低开。 商业航天新股电科蓝天上市首日暴涨750%，市值逼近1400亿元。 | 港股高开，恒生指数涨0.65%，恒生科技指数涨0.82%。消费、有色金属板块领涨，泡泡玛特，紫金矿业涨超2 ...

Market Overview - On February 10, A-shares showed mixed performance with the Shanghai Composite Index up 0.11% at 4127.77 points, while the Shenzhen Component Index fell 0.05% to 14200.76 points, and the ChiNext Index decreased by 0.33% to 3321.88 points [1] - The media and computing power leasing sectors saw significant gains, while the photovoltaic, superhard materials, and power grid equipment sectors experienced declines [1] - Notable stocks included Kailong High-Tech, which opened up 11.76%, and AI application stock Mingdiao Co., which opened up 4.86% [1] Company Dynamics - GCL-Poly Energy Holdings announced a plan to reduce its holdings by up to 58.5 million shares, representing 1.01% of the total share capital, due to operational and financial arrangements [2] Price Adjustments - Zhejiang Longsheng announced a price increase for certain disperse dyes, with prices rising by 5000 yuan per ton due to increased costs of reducing agents [3] - Fulei Ant also issued a price notification, increasing prices for several products by 2000 to 3000 yuan per ton, reflecting a 10% increase across ten products [3] Investment Expansion - Yuanjie Technology plans to invest approximately 1.251 billion yuan to build a second phase R&D and production base for optoelectronic semiconductor chips, focusing on high-speed optical chips [4] - Mengguli plans to invest 929 million yuan to establish a project for the annual production of 30,000 tons of lithium-ion battery cathode materials [4] Acquisition Activities - Hainan Mining is planning to acquire a 69.90% stake in Fengrui Fluorine Industry through a combination of stock issuance and cash payment, which will expand its business scope [5] - Jinhui Co. is acquiring 100% of Fusheng Mining for 210 million yuan [5] - Xiamen Tungsten plans to acquire a portion of Jiujiang Dadi Mining Development Co., having signed an agreement for a 39% stake transfer [5] Other Important Matters - ST Cuihua received a notice from the China Securities Regulatory Commission regarding suspected violations of information disclosure [6] - Andavil's subsidiary received certification from the European Union Aviation Safety Agency for its kitchen plug-in products, allowing entry into the international aviation market [6] Hot Topics - ByteDance launched the Seedance 2.0 AI video generation model, capable of creating high-quality videos from text or images, which has gained significant attention [7] Semiconductor and Memory Market - Counterpoint's report indicates that memory prices are expected to rise by 80% to 90% in the first quarter of 2026, driven by a significant increase in server DRAM prices [9] - Tower Semiconductor is expanding its AI infrastructure deployment through high-performance silicon photonics technology, enhancing data center optical module capabilities [10] Photovoltaic Equipment Expansion - Tesla is evaluating multiple sites in the U.S. to expand its solar cell manufacturing capacity, aiming for an annual production capacity of 100 gigawatts within three years [11] Natural Gas Supply and Demand - The construction boom of data centers in the U.S. has led to a power shortage, with natural gas being viewed as a key solution [12] Real Estate Policy Developments - Chongqing introduced new policies to stabilize the real estate market, including 22 measures to optimize housing supply and reduce purchasing costs [13]

Group 1: Linping Development (603284) - Linping Development focuses on the research, production, and sales of corrugated paper and boxboard products, recognized as a high-tech enterprise with independent R&D capabilities [2] - The company is controlled by Li Jianshe, who holds 84.86% of the shares directly and an additional 3.54% indirectly, totaling 88.40% of the voting rights [2] - The total funds raised by Linping Development amount to 714.18 million yuan, with a net amount of 624.09 million yuan allocated for projects including the annual production of 900,000 tons of green intelligent manufacturing new materials [2] Group 2: Electric Science Blue Sky (688818) - Electric Science Blue Sky specializes in the R&D, production, sales, and services of electric energy products and systems, covering applications from deep sea to deep space [3] - The company is primarily controlled by China Electronics Technology Group Corporation, which holds 48.97% of the shares directly and additional indirect holdings, resulting in a total control of 84.50% of the voting rights [3] - The total funds raised by Electric Science Blue Sky are 1.64 billion yuan, with a net amount of 1.58 billion yuan designated for the industrialization of aerospace power systems [4] Group 3: Aide Technology (920180) - Aide Technology is engaged in the R&D, production, and sales of orthopedic medical devices, focusing on products such as spinal, trauma, and sports medicine consumables [5] - The company is controlled by Lu Qiang and Huang Meiyu, who together hold 79.07% of the shares before the issuance, with a reduction to 59.30% post-issuance [5] - The total funds raised by Aide Technology amount to 226.50 million yuan, with a net amount of 196.99 million yuan allocated for projects including the expansion of orthopedic consumables production and the establishment of a research center [5]