Core Viewpoint - The A-share market experienced a narrow fluctuation with certain sectors such as electricity, CXO, and vitamins showing strength despite overall market weakness [2][3]. A-share Market Performance - The A-share market showed a slight decline with the Shanghai Composite Index down by 0.1%, Shenzhen Component down by 0.66%, North Star 50 Index down by 2.8%, and ChiNext Index down by 0.68% [3]. - Key performing sectors included daily chemicals, coal, paper, and agriculture, while software services, internet, mineral products, and IT equipment sectors faced declines [3]. Sector Highlights Electricity Sector - The electricity sector saw significant gains with multiple stocks hitting the daily limit up, including Huayin Power (600744) up by 10% to 3.85, Xichang Power (600505) up by 9.97% to 17.31, and Chenzhou International (600969) up by 9.95% to 8.07 [4]. - Other notable performers included Shaoneng Co. (000601) up by 9.93% and Guangxi Energy (600310) up by 8.24% [4]. CXO Sector - The CXO sector exhibited strong performance with Jin Kai Biotechnology (301509) hitting the daily limit up, and Hehua Co. (000953), Kailaiying A-shares, and Lingkang Pharmaceutical (603669) also reaching the limit up [5]. - Kailaiying's Hong Kong shares surged by over 19% during the session [5]. Vitamin Sector - The vitamin concept sector showed notable strength, contributing to the overall positive performance of the market [4]. New Stock Listings - Two new stocks were listed in the A-share market, both experiencing significant increases [9]. - Jiangshun Technology (001400) saw a peak increase of over 120% during trading, focusing on aluminum profile extrusion molds and related equipment [10]. - Tianyouwei (603202) also performed well, with a peak increase nearing 50%, specializing in automotive instrument development and production [11]. Hong Kong Market Performance - The Hong Kong market experienced a decline, with the Hang Seng Index dropping over 1% [12][13]. - Notable declines were observed in major stocks such as Meituan-W and JD.com [13]. - However, New Oriental-S saw a rise of over 6% following the release of its financial results for the third quarter of the 2025 fiscal year, reporting a slight decrease in net revenue but an increase in operating profit [14].

Core Viewpoint - Jiangshun Technology has officially listed on the Shenzhen Stock Exchange, marking a significant milestone in its development and capital market entry [1] Group 1: Company Overview - Jiangshun Technology, established in 2001, is a leading enterprise in the aluminum profile extrusion mold and supporting equipment industry in China, focusing on R&D, design, production, and sales [4] - The company has a mature business model and stable operating performance, with a significant market presence in the aluminum profile extrusion mold and supporting equipment sector [4] - Jiangshun Technology's main products include aluminum profile extrusion molds and accessories, extrusion supporting equipment, and precision mechanical components, which are critical for downstream aluminum profile extrusion production [4] Group 2: Financial Highlights - The company plans to raise 560 million yuan through its IPO, allocated to three main projects: 201 million yuan for precision mold expansion, 235 million yuan for extrusion equipment production line construction, and 125 million yuan for working capital [5] - From 2022 to 2024, Jiangshun Technology's operating revenue was 892.43 million yuan, 1.04257 billion yuan, and 1.13648 billion yuan, with a compound annual growth rate (CAGR) of 12.85% [7] - The net profit attributable to ordinary shareholders for the same period was 137.27 million yuan, 141.54 million yuan, and 146.27 million yuan, with a CAGR of 3.23% [7] Group 3: Market Position and Competitive Advantage - Jiangshun Technology has established a comprehensive R&D and manufacturing capability across the entire industry chain, offering one-stop services from micro-channel molds to large-scale equipment [4] - The company has accumulated 277 patents, including 61 invention patents, and has set up innovation platforms such as "Academician Workstation" and "Provincial Engineering Technology Research Center" [6] - Jiangshun Technology's products are recognized for their manufacturing precision, comprehensive lifespan, and automation level, achieving domestic leading standards [6] Group 4: Industry Outlook - The aluminum profile extrusion mold and supporting equipment market is expected to grow significantly, driven by increasing demand in emerging sectors such as photovoltaics, rail transportation, and lightweight automotive applications [10] - China's mold manufacturing industry has been steadily growing, with the market size reaching 311.896 billion yuan in 2019, nearly doubling since 2011 [11] - The company aims to leverage the broad market prospects in the aluminum profile extrusion sector, focusing on continuous innovation and high-end product development to capture emerging market opportunities [12][15]

A股两只新股上市，N江顺科技开盘涨超126%，N天有涨近50%。 ...

Market Performance - On April 23, 2025, A-shares showed mixed results with the Shanghai Composite Index down 0.1% at 3296.36 points, while the Shenzhen Component Index rose 0.67% to 9935.8 points and the ChiNext Index increased by 1.08% to 1949.16 points. The total trading volume in the Shanghai and Shenzhen markets was 12,297 billion yuan, an increase of 1,397 billion yuan from the previous trading day [1] - Hong Kong stocks collectively rose, with the Hang Seng Index up 2.37% or 510.30 points, closing at 22,072.62 points, and the Hang Seng Technology Index increasing by 3.07% to 5049.4 points. The total trading volume was 2,606.19 billion HKD [1] - U.S. stock indices also saw gains, with the Dow Jones up 1.07% at 39,606.57 points, the Nasdaq rising 2.50% to 16,708.05 points, and the S&P 500 increasing by 1.67% to 5,375.85 points [1] New Stock Listings - Jiangshun Technology, with a stock code of 001400, was listed at an issuance price of 37.36 billion yuan and a price-to-earnings ratio of 15.32 times. The company specializes in the research, design, production, and sales of aluminum profile extrusion molds and related equipment [3] - Tianyouwei, with a stock code of 603202, was listed at a price of 93.5 yuan per share and a price-to-earnings ratio of 13.5 times. The company focuses on the research, design, production, and sales of automotive instruments and is expanding into the smart cockpit sector [3] Industry Developments - The Greater Bay Area (Dongguan) Artificial Intelligence Alliance was established on April 23, 2025, led by Huawei, OPPO, and vivo, along with 18 other significant entities. The alliance aims to utilize over 10,000P of intelligent computing power by 2027 and develop over 100 AI+ advanced manufacturing demonstration applications [4] - In the first quarter of 2025, the average rent for residential properties in 50 cities in China decreased by 0.44%. The average rent was 35.3 yuan per square meter per month in March, reflecting a year-on-year decline of 3.40% [4] Regulatory Actions - The European Union imposed its first fines under the Digital Markets Act, totaling 700 million euros (approximately 798 million USD) against Apple and Meta for antitrust violations. Apple was fined 500 million euros, while Meta received a 200 million euro fine [5]

江苏江顺精密科技集团股份有限公司 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《关于江苏江顺精密科技集团股份有限公司人民币普通股 股票上市的通知》（深证上〔2025〕364号）同意，江苏江顺精密科技集团股份有 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上市，证券简称为"江顺科技"，证券代码为"001 400"。本次公开发行的1,500万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。本次公开发行股票中的15,000,000股人民币普通股股票自 2025年4月24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、行政法规、中国证监会规定、深圳证券交易所业务规则和公司相关股 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。 现将有关事项提示如下： 一、公司近期经营情况正常，内外部经营环境未发生重大变化。 二 ...

Core Viewpoint - Jiangshun Technology (001400.SZ) has initiated its subscription on April 15, with an issue price of 37.36 yuan per share and a maximum subscription limit of 15,000 shares, reflecting a price-to-earnings ratio of 15.32 times [1] Company Overview - Jiangshun Technology primarily engages in the research, design, production, and sales of aluminum profile extrusion molds and accessories, supporting equipment, and precision mechanical components [1] - The company's main products are critical components for downstream aluminum profile extrusion production, including aluminum profile extrusion molds and supporting equipment [1] Industry Context - The aluminum profile products have extensive applications across various sectors, including construction decoration, transportation, new energy, automotive lightweighting, electronic information, and aerospace, holding a significant position in the manufacturing system [1] - According to the National Bureau of Statistics, China's aluminum profile production is projected to increase from 45.55 million tons in 2018 to 67.83 million tons in 2024, indicating continuous growth in the industry [1] Partnerships - The company has established long-term and stable partnerships with well-known domestic aluminum profile manufacturers such as Huajian Aluminum, Dongliang Aluminum, and Xinpai Co., as well as international firms like WISPECO [2] Fundraising and Financial Plans - The company plans to invest the raised funds in the following projects: - Precision mold expansion project: 20,092.86 million yuan - Complete aluminum extrusion equipment production line: 23,455.70 million yuan - Working capital: 12,500.00 million yuan - Total investment: 56,048.56 million yuan [3] Financial Performance - The company reported revenues of approximately 892 million yuan, 1.043 billion yuan, and 1.136 billion yuan for the years 2022, 2023, and 2024, respectively [3] - Net profits for the same years are approximately 139 million yuan, 146 million yuan, and 155 million yuan [3] Risk Factors - The company's asset-liability ratio is significantly higher than the industry average, with a ratio of 56.75% in 2023 compared to the industry average of 32.44% [4][5] - The proportion of overseas sales in the company's main business revenue has increased from 15.89% to 25.43% over the reporting period, indicating a growing international presence [4]

兄弟姐妹们，明天大A将迎来2只新股申购！ 格隆汇新股获悉，本周二（4月15日），可申购深主板新股江顺科技（001400.SZ）和创业板新股众捷汽车 （301560.SZ）。 江顺科技本次发行价格为37.36元/股，对应发行市盈率15.32倍，低于行业平均市盈率29.52倍，低于"模具制造"细分行 业平均静态市盈率31.73倍，公司此次发行保荐人是华泰联合证券股份有限公司。 江顺科技本次发行新股1500万股，全部为网上发行，预计募集资金总额为5.6亿元，扣除发行费用后，预计募集资金净 额约为4.9亿元。网上申购每一个申购单位为500股，申购数量上限为1.5万股，顶格申购须配深市市值15万元。 众捷汽车本次发行价格为16.5元/股，对应发行市盈率21.3倍，低于行业平均市盈率27.16倍，低于同行业可比上市公司 平均市盈率26.08倍，此次发行保荐人是天风证券股份有限公司。 众捷汽车本次发行新股3040万股，网上初始发行数量为729.6万股，预计募集资金总额为5.02亿元，扣除发行费用后， 预计募集资金净额约为4.23亿元。网上申购每一个申购单位为500股，申购数量上限为7000股，顶格申购须配深市市值 7万元。 ...