Group 1: Company Overview - Three new stocks listed on December 30, including Shuangxin Environmental Protection (001369.SZ), Yufan Technology (001396.SZ), and Qiangyi Co., Ltd. (688809.SH) [1] - Shuangxin Environmental Protection, established in June 2009, specializes in the R&D, production, and sales of products along the PVA industry chain, including polyvinyl alcohol (PVA), special fibers, vinyl acetate (VAC), and calcium carbide [1][4] Group 2: Financial Performance and Projections - Shuangxin Environmental Protection is the third-largest PVA producer in China, with a projected PVA output of 116,900 tons in 2024, accounting for approximately 13% of the national total [4] - The company reported a 25.25% year-on-year decline in revenue and a 30.89% drop in net profit for 2023 [5] - Yufan Technology's revenue is projected to grow from 513 million yuan in 2022 to 804 million yuan in 2025, with a net profit increase from 81 million yuan to 140 million yuan over the same period [11] - Qiangyi Co., Ltd. expects to achieve revenues of 641 million yuan in 2024, with a significant increase in net profit to 233 million yuan [18] Group 3: Investment Directions - Shuangxin Environmental Protection plans to invest 5.57 billion yuan in a project to produce 16,000 tons of PVB resin and 3.51 billion yuan in a water-based adhesive project [3] - Yufan Technology aims to invest in various projects, including a 1.09 billion yuan R&D center and 1.20 billion yuan for working capital [10] - Qiangyi Co., Ltd. intends to allocate 12 billion yuan for the development and production of probe cards and 3 billion yuan for its headquarters and R&D center [17] Group 4: Market Position and Competitive Advantage - Shuangxin Environmental Protection has established long-term partnerships with major domestic companies and international firms, enhancing its market presence [4] - Yufan Technology is recognized as a national-level "little giant" enterprise, focusing on smart diagnostics and maintenance of drainage systems [6][11] - Qiangyi Co., Ltd. ranks among the top ten semiconductor probe card manufacturers globally, highlighting its competitive position in the semiconductor industry [18]

Core Viewpoint - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd. has received approval for its initial public offering (IPO) of common shares (A-shares) and will be listed on the main board of the Shenzhen Stock Exchange [1] Group 1: IPO Details - The total number of shares to be issued is 287 million shares at a price of RMB 6.85 per share [1] - The initial strategic placement quantity is 86.1 million shares, accounting for 30% of the total issuance, with the final strategic placement quantity being 79.55 million shares, or 27.72% [2] - After the strategic placement adjustment, the offline initial issuance quantity is 147.18 million shares, approximately 70.95% of the remaining shares, while the online initial issuance quantity is 60.27 million shares, about 29.05% [2] Group 2: Subscription and Payment - Investors must ensure that subscription funds are fully paid by December 23, 2025 (T+2), or their allocation will be invalidated [3] - Offline investors must pay according to the final determined issuance price and allocation quantity by the specified deadline [3] - Any shares not subscribed by offline and online investors will be underwritten by the lead underwriter [4] Group 3: Lock-up Period - Shares from the online issuance have no circulation restrictions and can be traded immediately upon listing [5] - For offline investors, 10% of the allocated shares will have a lock-up period of 6 months, while 90% will be tradable immediately [6] - Strategic placement investors will have a lock-up period of 12 months starting from the listing date [6] Group 4: Subscription Statistics - The number of valid subscription accounts for the online issuance is 16,553,354, with a total of 335,228,869,500 shares applied for [8] - The total number of allocation numbers is 670,457,739, with the starting number being 000000000001 and the ending number being 000670457739 [8] Group 5: Allocation Mechanism - Due to an effective subscription multiple of 5,562.12, the allocation mechanism was activated, resulting in 40% of the remaining shares being reallocated from offline to online [9] - After the reallocation, the final offline issuance quantity is 64.20 million shares, approximately 30.95% of the total remaining shares, while the final online issuance quantity is 143.25 million shares, about 69.05% [9] - The online issuance winning rate after reallocation is 0.0427% with an effective subscription multiple of 2,340.14 [9] Group 6: Lottery Draw - The lottery draw for the online issuance is scheduled for December 22, 2025 (T+1), with results to be announced on December 23, 2025 (T+2) [10]

双欣环保公告称，本次发行股份数量为28700万股，发行价6.85元/股。初始战略配售8610万股，占比 30%，最终战略配售7954.6567万股，占比27.72%，差额655.3433万股回拨至网下。网上初始发行6027万 股，有效申购户数16553354户，有效申购股数335228869500股。因网上初步有效申购倍数高于100倍， 启动回拨机制，网下回拨8298.15万股至网上。回拨后，网下最终发行6420.1933万股，网上最终发行 14325.15万股，网上发行中签率为0.0427324473%。2025年12月22日摇号抽签，23日公布中签结果，投 资者需当日履行缴款义务。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整、及时，没有虚假记载、误导性陈述或 重大遗漏。 经深圳证券交易所审核同意，内蒙古双欣环保材料股份有限公司（以下简称"双欣环保""本公司"或"发 行人"）发行的人民币普通股股票将于2025年12月30日在深圳证券交易所主板上市，上市公告书全文和 首次公开发行股票并在主板上市的招股说明书全文披露于中国证券监督管理委员会指定信息披露网站 （全文网络链接地址：巨潮资讯网，网址www.cninfo.com.cn；中证网，网址www.cs.com.cn；中国证券 网，网址www.cnstock.com；证券时报网，网址www.stcn.com；证券日报网，网址www.zqrb.cn；经济参 考网，网址www.jjckb.cn；金融时报，网址www.financialnews.com.cn和中国日报网，网址 www.chinadaily.com.cn），供投资者查阅。 所属网页二维码：巨潮资讯网■ （一）涨跌幅限制放宽带来的股票交易风险 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 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 特别提示 内蒙古双欣环保材料股份有限公司（以下简称"双欣环保"、"发行人"或"公司"）首次公开发行人民币普 通股（A股）（以下简称"本次发行"）并在主板上市的申请已经深圳证券交易所主板上市委员会审议通 过，并已获中国证券监督管理委员会（以下简称"中国证监会"）同意注册（证监许可〔2025〕2478 号）。 中国国际金融股份有限公司（以下简称"中金公司"、"保荐人"、"主承销商"或"保荐人（主承销商）"） 担任本次发行的保荐人（主承销商）。 本次发行的缴款环节敬请投资者重点关注，并于2025年12月23日（T+2日）及时履行缴款义务。具体内 容如下： 1、网上投资者申购新股中签后，应根据《内蒙古双欣环保材料股份有限公司首次公开发行股票并在主 板上市网上摇号中签结果公告》（以下简称"《网上摇号中签结果公告》"）履行资金交收义务，确保其 资金账户在2025年12月23日（T+2日）日终有足额的新股认购资金，不足部分视为放弃认购，由此产生 的后果及相关法律责任由投资者自行承担。投资者款项划付需遵守投资者所在证券公司的相关规定。 网下和网上投资者放弃认购部分的股份由保荐 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001369 证券简称：双欣环保 公告编号：2025-001 内蒙古双欣环保材料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、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《关于内蒙古双欣环保材料股份有限公司人民币普通股股票在主板上市的通知》（深 证上〔2025〕1485号）同意，内蒙古双欣环保材料股份有限公司（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"双欣环保"，证 券代码为"001369"。本次公开发行的287,000,000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201,029,388股人民币普通股股票自2025年12月30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 ...

Core Viewpoint - Five new stocks will be available for subscription next week, with Shuangxin Environmental Protection ranking sixth in total shares issued among new A-shares in 2025 and first among new stocks on the Shenzhen Stock Exchange [1] Group 1: New Stock Offerings - The new stocks available for subscription include Jianxin Superconductor, Jiangtian Technology, Qiangyi Co., Yufan Technology, and Shuangxin Environmental Protection [1] - Jianxin Superconductor has an issue price of 18.58 yuan per share and a total issuance of 41.92 million shares, with 10.06 million shares available for online subscription [2] - Jiangtian Technology's issue price is 21.21 yuan per share, with a total issuance of 13.21 million shares, and 11.89 million shares available for online subscription [9][10] Group 2: Company Profiles - Jianxin Superconductor specializes in the R&D, production, and sales of core components for MRI equipment, with a global market share of approximately 4.2% [2] - Jiangtian Technology focuses on the R&D and production of label printing products, with major clients including Yangshengtang and Nongfu Spring [10] - Qiangyi Co. is a leading enterprise in the semiconductor probe card industry, with significant growth in revenue expected [14][17] Group 3: Financial Performance - Jianxin Superconductor's revenue for 2022 to 2024 is projected at 3.59 billion yuan, 4.51 billion yuan, and 4.25 billion yuan, with a net profit of 346.35 million yuan, 487.35 million yuan, and 557.84 million yuan respectively [5] - Jiangtian Technology's revenue for the same period is expected to be 3.84 billion yuan, 5.07 billion yuan, and 5.38 billion yuan, with net profits of 744.54 million yuan, 964.61 million yuan, and 1.02 billion yuan [10] - Shuangxin Environmental Protection anticipates a revenue of 37.18 billion yuan for 2025, reflecting a growth of 6.66% [25]

双欣环保（001369.SZ）12月22日披露首次公开发行股票并在主板上市网上申购情况及中签率公告。 本次网上发行有效申购户数为16,553,354户，有效申购股数为335,228,869,500股。配号总数为 670,457,739个，起始号码为000000000001，截止号码为000670457739。由于网上初步有效申购倍数为 5,562.11829倍，高于100倍，双欣环保和中介公司（主承销商）决定启动回拨机制，将扣除最终战略配 售数量后本次公开发行股票数量的40%（向上取整至500股的整数倍，即8,298.1500万股）由网下回拨至 网上。回拨后，网下最终发行数量为6,420.1933万股，约占扣除最终战略配售数量后本次发行总量的 30.95%；网上最终发行数量为14,325.1500万股，约占扣除最终战略配售数量后本次发行总量的 69.05%。 全景网了解到，双欣环保聚乙烯醇年产能13万吨，根据中国化学纤维工业协会统计，公司2024年聚乙烯 醇产量位居行业前三；电石年产能87万吨，2024年电石产量79.44万吨，商品电石销量50.13万吨，销量 排名全国第五，具有较为明显的品牌和规模效应。 产 ...

Core Viewpoint - The company, Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd., is set to go public, highlighting its strong performance in the PVA industry despite anticipated revenue declines in the coming years due to market conditions [1][6]. Group 1: Company Overview - Shuangxin Environmental specializes in the research, production, and sales of PVA and its upstream and downstream products, establishing a comprehensive industrial chain [2]. - The company has a production capacity of 130,000 tons of PVA annually and ranks among the top three in the industry for PVA production in 2024 [2]. - The company has maintained a commitment to sustainable development and has established a circular economy industrial chain centered around PVA [2]. Group 2: Financial Performance - The company reported revenues of 5.061 billion yuan in 2022, 3.783 billion yuan in 2023, and projected 3.486 billion yuan in 2024, indicating a decline of 7.85% from 2023 and 31.12% from 2022 [6]. - For the first half of 2025, the company achieved revenues of 1.797 billion yuan, showing a year-on-year increase of 1.81% [1]. - The net profit for 2022, 2023, and projected for 2024 is 808 million yuan, 558 million yuan, and 521 million yuan respectively, indicating strong profitability [6]. Group 3: Market Position and Strategy - The company has established long-term partnerships with influential manufacturers in various sectors, enhancing its market presence [4]. - Shuangxin Environmental's products are exported to over 40 countries, and it has received recognition for its brand in both domestic and international markets [4]. - The company aims to leverage its strategic partnership with Mitsubishi Chemical to penetrate the global high-end supply chain [5]. Group 4: Future Growth and Investment - The company plans to raise 1.865 billion yuan through its IPO, with funds allocated to projects aimed at enhancing production capacity and energy efficiency [7]. - Investment will focus on expanding PVB resin and functional film production, as well as improving energy efficiency in PVA and calcium carbide production [7]. - The company is committed to innovation and aims to become a leading player in the PVA industry, capitalizing on the transition towards low-carbon and green economic practices [8].

Group 1 - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd. (Shuangxin Environmental) and Shanghai Yufan Environmental Technology Co., Ltd. (Yufan Technology) are set to issue new shares and list on the Shenzhen Stock Exchange on December 11, 2025 [1] - Shuangxin Environmental plans to publicly issue 287 million shares, with a total share capital of 1.147 billion shares post-issuance. The initial strategic placement accounts for 86.1 million shares, or 30% of the total issuance [2] - Yufan Technology will publicly issue 26.73 million shares, resulting in a total share capital of approximately 106.9 million shares after the issuance. The initial strategic placement is 5.346 million shares, representing 20% of the total issuance [4] Group 2 - Shuangxin Environmental specializes in the research, production, and sales of polyvinyl alcohol (PVA), special fibers, vinyl acetate (VAC), and calcium carbide, with a complete industrial chain layout for PVA. PVA is a water-soluble biodegradable polymer used in various industries, including fine chemicals, green construction, and pharmaceuticals [3] - Yufan Technology focuses on smart diagnosis and health assessment of drainage pipeline systems, damage treatment, and operational maintenance. The company has established a strong brand presence in China's drainage pipeline maintenance market and is recognized as a national-level specialized and innovative "little giant" enterprise [4]