Core Viewpoint - The company, Yuan Chuang Co., Ltd., is focused on rubber track products and has over 30 years of industry experience, indicating a strong market presence and expertise in its field [2]. Business and Highlights - The main products of the company are rubber track products, which include agricultural machinery tracks [2]. - The company has established strong relationships with major clients in the host machine market, such as SANY Heavy Industry, XCMG, and Yanmar Group, due to large cooperation scales and high customer stickiness [2]. - The company's total market capitalization is 1.94 billion yuan, with an issuance price of 24.75 yuan and an issuance price-to-earnings ratio of 12.93 [2]. - The inquiry rate for the issuance is 0.01%, reflecting the level of interest from potential investors [2].

每经AI快讯，12月18日，今日无新股申购；有1只新股上市，为深交所的元创股份（001325）。 ...

此外，元创股份称，公司还存在主营业务收入季节性波动的风险。公司的主要产品之一的农用机械橡胶 履带受农业生产季节性影响呈现较为明显的季节性特征，通常5至10月公司农用橡胶履带销售收入占比 较大。 12月9日，可申购深市主板的元创股份（001325.SZ）。该公司主营橡胶履带类产品的研发、生产与销 售，主要产品包括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板。产品作为联合收割机、挖掘 机、装载机、摊铺机等多种履带式农用或工程机械的行走部件，最终应用于农业生产、工程施工等不同 应用领域。 （文章来源：21世纪经济报道） 2022年至2025年上半年，公司主要客户包含沃得农机、USCO SPA、ZENITH TRACK CO.,LTD.、潍柴 雷沃等。 元创股份表示，公司存在主要客户收入占比集中的风险。公司第一大客户均为沃得农机，2022年至2024 年以及2025年上半年，来自该客户的收入占公司收入的比例分别为22.54%、18.83%、24.26%和 23.54%。鉴于我国履带式联合收割机细分领域较高的市场集中度，预计在未来一段时间内，公司仍将 存在对沃得农机销售占比相对较高的情形。以2025年1-6月其对发行 ...

Core Viewpoint - The company, Yuan Chuang Technology Co., Ltd., successfully held an online roadshow for its initial public offering (IPO) on December 8, 2025, emphasizing its long-standing expertise in the rubber track industry and commitment to innovation [1] Group 1: Company Overview - The company has accumulated years of experience in the rubber track sector, maintaining a "craftsman spirit" [1] - It focuses on enhancing product compatibility with downstream mainframe equipment, driven by customer demand [1] - The management and core design R&D team possess a deep understanding of the rubber track industry and exhibit foresight regarding industry development trends [1] Group 2: Innovation and R&D - The company adopts a targeted and high-industrialization approach in technology research and development, particularly in new product development, product upgrades, and production improvements [1] - It has demonstrated strong innovation capabilities within the rubber track industry [1]

Core Viewpoint - Yuan Chuang Technology Co., Ltd. is conducting its initial public offering (IPO) and listing on the Shenzhen Stock Exchange, marking a significant milestone in the company's development journey [1][2]. Company Overview - Yuan Chuang Technology specializes in the research, production, and sales of rubber track products, including rubber tracks for agricultural machinery, engineering machinery, and rubber track plates, which are essential components for tracked machinery used in agriculture and construction [1]. Management Statements - The Chairman, Wang Wenjie, emphasized the company's commitment to integrity and innovation, aiming to provide high-quality and reliable products and services in the rubber track sector, with a vision to establish a world-class rubber track production base [2]. - The General Manager, Zheng Xiao, welcomed investors and highlighted that the listing on the Shenzhen Stock Exchange opens a new chapter for the company, expressing a desire to share growth achievements with investors [2]. Financial Details - The company is issuing 19.6 million new shares, representing 25% of the total share capital post-issuance, with an issue price of 24.75 yuan per share. The subscription date is set for December 9, 2025, and the payment date for December 11, 2025 [3]. Investor Engagement - During the online roadshow, the management team and representatives from the sponsoring institution, Guotai Junan Securities, engaged actively with investors, addressing questions related to business operations, technological prospects, market competition, and strategic planning [4]. Future Plans - The company plans to leverage the capital market to expand production capacity, enhance product lines, strengthen its technology research and development system, and improve its marketing network, aiming to increase competitiveness and brand recognition in the industry [5].

元创科技股份有限公司 保荐机构（主承销商）：国泰海通证券股份有限公司 公司是一家专业从事研发、生产、销售橡胶履带类产品的企业，主要产品包括农用机械橡胶履带、工程 机械橡胶履带和橡胶履带板，作为履带式机械的行走部件，最终应用于农业生产、工程施工等不同应用 领域。 报告期内，王文杰为公司控股股东及实际控制人。截至招股说明书签署日，王文杰通过直接持股方式持 有公司82.27%股份，通过星腾投资（王文杰为星腾投资执行事务合伙人）控制公司8.66%股份，合计控 制公司股份的90.93%。王大元系王文杰之一致行动人，为王文杰之父，其通过直接持股方式控制公司 4.31%股份。王文杰与一致行动人王大元合计控制公司股份的95.24%。 元创股份2025年12月5日披露的首次公开发行股票并在主板上市招股说明书 显示，公司拟募资48,513.17 万元，用于生产基地建设项目、技术中心建设项目和补充流动资金项目。 元创股份2025年12月8日披露的首次公开发行股票并在主板上市发行公告显示，按本次发行价格24.75 元/股，公司预计募集资金总额为48,510.00万元，扣除预计发行费用8,805.29万元（不含增值税）后，预 计募集资 ...

12月18日，有一只新股上市，为深市主板的元创股份（001325.SZ）。该公司主营橡胶履带类产品的研 发、生产与销售，主要产品包括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板。产品作为联合收 割机、挖掘机、装载机、摊铺机等多种履带式农用或工程机械的行走部件，最终应用于农业生产、工程 施工等不同应用领域。 | 生产基地建设项目 | 4.00 | 82.45% | | --- | --- | --- | | 技术中心建设项目 | 0.25 | 5.18% | | 补充流动资金项目 | 0.60 | 12.37% | 此外，元创股份称，公司还存在主营业务收入季节性波动的风险。公司的主要产品之一的农用机械橡胶 履带受农业生产季节性影响呈现较为明显的季节性特征，通常5至10月公司农用橡胶履带销售收入占比 较大。 （文章来源：21世纪经济报道） 市场方面，元创股份在国内市场占有率较高，根据最新的QYResearch研究报告、中国橡胶工业协会胶 管胶带分会出具的《证明》，公司的国内市场占有率排名第一。同时，公司凭借良好的技术工艺、产品 质量、服务水平，在全球橡胶履带市场中亦具备一定的竞争力。 其中，元创股份的农用履带以 ...

元创科技股份有限公司 上市首日风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 经深圳证券交易所《关于元创科技股份有限公司人民币普通股股票上市的通 知》（深证上[2025] 1417 号）同意，元创科技股份有限公司（以下简称"发行人"、 "公司"或"本公司"）首次公开发行的人民币普通股股票在深圳证券交易所主 板上市交易，证券简称为"元创股份"，证券代码为"001325"。本次公开发行的 19,600,000 股人民币普通股股票全部为新股发行，不涉及股东公开发售股份的情 形。本次首次公开发行中的 19,600,000 股人民币普通股股票自 2025 年 12 月 18 日起可在深圳证券交易所上市交易。其余股票的可上市交易时间按照有关法律法 规规章、深圳证券交易所业务规则及公司相关股东的承诺执行。 本公司郑重提请投资者注意：投资者应充分了解股票市场及本公司披露的 风险因素，切实提高风险意识，在新股上市初期切忌盲目跟风"炒新"，应当审 慎决策、理性投资。 证券代码：001325 证券简称：元创股份 公告编号：2025-001 现将有关事项提示如下： 一、 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 股票竞价交易设置较宽的涨跌幅限制，首次公开发行并在主板上市的股票上市后的前5个交易日不设涨 跌幅限制，其后涨跌幅限制为10%。公司股票上市初期存在交易价格大幅波动的风险。投资者在参与交 易前，应当认真阅读有关法律法规和交易所业务规则等相关规定，对其他可能存在的风险因素也应当有 所了解和掌握，并确信自己已做好足够的风险评估与财务安排，避免因盲目炒作遭受难以承受的损失。 （二）股票上市首日即可作为融资融券标的风险 主板股票上市首日即可作为融资融券标的，有可能会产生一定的价格波动风险、市场风险、保证金追加 风险和流动性风险。价格波动风险是指，融资融券会加剧标的股票的价格波动；市场风险是指，投资者 在将股票作为担保品进行融资时，不仅需要承担原有的股票价格变化带来的风险，还需承担新投资股票 价格变化带来的风险，并支付相应的利息；保证金追加风险是指，投资者在交易过程中需要全程监控担 保比率水平，以保证其不低于融资融券要求的维持保证金比例；流动性风险是指，标的股票发生剧烈价 格波动时，融资购券或卖券还款、融券卖出或买券还券可能会受阻，产生较大的流动性风险。 本公司及董事会全 ...

Listing Overview - Yuan Chuang Technology Co., Ltd. will list its common shares on the Shenzhen Stock Exchange on December 18, 2025, with a total share capital of 78.4 million shares, of which 19.6 million shares will be newly issued and available for public trading, accounting for 25% of the total share capital after the issuance [1][4]. Pricing and Valuation - The issue price is set at 24.75 yuan per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 12.93 times based on the lowest net profit attributable to the parent company for 2024, lower than the comparable listed companies' static P/E ratio of 17.36 times [8]. - The rolling P/E ratio based on the same profit measure is 12.31 times, also lower than the comparable companies' rolling P/E ratio of 30.71 times [9]. Comparable Companies - The industry classification for Yuan Chuang is "C29 Rubber and Plastic Products," with comparable companies including Sanwei Co., Ltd., Shuangjian Co., Ltd., and Sanlisi Co., Ltd. [7]. - The average P/E ratios of comparable companies have been calculated, excluding negative values and outliers [7]. Market Risks - The stock will have no price limit for the first five trading days, which may lead to significant price volatility [2]. - The stock will be eligible for margin trading from the first day of listing, introducing additional market and liquidity risks [3]. Financial Considerations - The company may experience a decline in return on equity (ROE) in the short term due to the significant increase in net asset scale following the public offering [6]. - Investors are advised to be aware of the potential for the stock price to fall below the issue price after listing [6].