Summary of Key Points Core Viewpoint The article provides an overview of the recent activities in the Hong Kong stock market, highlighting the number of companies that have submitted applications for listing, those that have passed the hearing, and details about their financial performance and market positions. Group 1: New Applications - A total of 19 companies submitted applications to the Hong Kong Stock Exchange from June 16 to June 22 [3] - New Hope Group (600803.SH) is the largest private natural gas company in China, with a market share of approximately 6.1% in 2024 [3] - Wolong Technology (002130.SZ) is the second-largest high-speed copper cable manufacturer globally, holding a 24.9% market share [4] - Beijing Geekplus Technology Co., Ltd. is the largest provider of AMR solutions globally, maintaining its leading position for six consecutive years [5] - Banu International Holdings is the largest hot pot brand in China by revenue, with a market share of 3.1% [6] - Hope Sea Inc. is the largest comprehensive electronic product import supply chain solution provider in China, with an import GMV of approximately RMB 34.8 billion in 2024 [7] - Guangzhou Shiyuan Electronic Technology Co., Ltd. ranks first in the Chinese market for interactive smart panels with a 25.0% market share [8] - Anmai Biotechnology Co., Ltd. ranks second globally in T-cell connector therapy, with total transaction values exceeding USD 2.1 billion [9] - Beijing Haizhi Technology Group focuses on industrial-grade AI solutions, ranking fifth in the Chinese market [10] - Suzhou Jiyi Technology Co., Ltd. ranks second in digital retail operations in China [11] - Drip Irrigation International Investment Co., Ltd. is the first global exchange group based on revenue-sharing models [12] - Zhaowei Electromechanical (003021.SZ) provides integrated micro-drive systems, with revenues projected to grow [13] - Meige Intelligent (002881.SZ) ranks fourth globally in wireless communication modules, holding a 6.4% market share [14] - Yuxin Technology (300674.SZ) is a leading fintech solution provider in China, with significant market shares in various sectors [15] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. ranks second in the digital education market for higher education in China [16] - Zhaoyi Innovation (603986.SH) is the second-largest NOR Flash provider globally, with an 18.5% market share [17] - Changchun Changguang Chenxin Microelectronics Co., Ltd. specializes in high-performance CMOS image sensors [18] - Weichai Lovol Smart Agriculture Technology Co., Ltd. is a leading provider of smart agricultural solutions in China [19] - PPIO is an independent distributed cloud computing service provider [20] - Xiangkang Holdings is a major technical apparel manufacturer for high-end brands [22] Group 2: Companies Passing Hearings - Four companies passed the listing hearing this week, including Fuwai Group, which is a pan-Asian life insurance company with projected insurance revenue growth [24] - Fengcai Technology focuses on chip design for BLDC motor control, ranking sixth in the Chinese market [25] - Xunzhong Communication Technology Co., Ltd. is the third-largest cloud communication service provider in China [26] - Cloudbreak Pharma Inc. is a clinical-stage ophthalmic biotech company with two core products [27] Group 3: Recent IPOs - Haitan Flavor Industry (03288.HK) raised approximately HKD 10.1 billion in its IPO, with a slight decline in stock price post-listing [28] - Sanhua Intelligent (02050.HK) had a strong subscription rate for its IPO [29] - Baize Medical (02609.HK) and other companies also reported significant subscription rates for their IPOs [30][31][32][33]

证券代码：002130 证券简称：沃尔核材 公告编号：2025－051 深圳市沃尔核材股份有限公司 关于向香港联交所递交境外上市股份（H 股） 发行上市的申请并刊发申请资料的公告 中文： https://www1.hkexnews.hk/app/sehk/2025/107449/documents/sehk25061 英文： https://www1.hkexnews.hk/app/sehk/2025/107449/documents/sehk25061 需要特别予以说明的是，本公告仅为境内投资者及时了解本次发行并上市的 相关信息而作出。本公告以及刊登于香港联交所网站的申请资料均不构成也不得 视作对任何个人或实体收购、购买或认购公司本次发行的境外上市外资股（H 股） 的要约或要约邀请。 公司本次发行并上市尚需满足多项条件（包括但不限于取得中国证监会的备 案、香港证监会、香港联交所及其他有关监管机构的批准），并需综合考虑市场 情况以及其他因素方可实施，尚存在不确定性。公司将依据法律法规相关规定， 根据本次事项的后续进展情况及时履行信息披露义务，敬请广大投资者理性投资， 注意投资风险。 特此公告。 深圳市沃尔核材 ...

Core Viewpoint - Shenzhen Woer Power Cable Co., Ltd. has submitted an application for H-share listing on the Hong Kong Stock Exchange, marking the beginning of its journey to become an "A+H" listed company [1] Company Overview - Established in 1998, Woer Power Cable is headquartered in Shenzhen, Guangdong, and is a leading provider of integrated solutions for high-speed data communication and alternative energy power transmission [3] - The company is a market leader in manufacturing and selling high-speed copper cables and has established a strong market position in providing one-stop solutions for electronic materials, cables, and components, with well-known brands such as WOER and LTK [3] Product Leadership - High-speed copper cables: Woer Power Cable is the second largest globally and the largest in China in high-speed copper cable manufacturing, with a global market share of 24.9% as of 2024 [5] - Heat shrink materials: The company ranks first in the global heat shrink materials industry by revenue, holding a market share of 20.6%, and a higher market share of 58.5% in China [5] - New energy vehicle power transmission: Woer Power Cable is the largest manufacturer of DC charging guns for new energy vehicles in China, with a market share of 41.7% as of 2024 [6] - Power transmission for power grids and power stations: The company ranks first among cable accessory manufacturers in China, with a market share of 10.6% as of 2024 [6] Financial Performance - The company's revenue for 2022, 2023, and 2024 was RMB 5.337 billion, RMB 5.719 billion, and RMB 6.920 billion, respectively, with corresponding net profits of RMB 660 million, RMB 758 million, and RMB 921 million, indicating a consistent growth in profitability [6]

Core Viewpoint - Wolong Materials, China's largest manufacturer of high-speed copper cables and DC charging guns for electric vehicles, has submitted a listing application to the Hong Kong Stock Exchange, aiming to attract value investors with its robust growth and market leadership [1][2]. Company Overview - Wolong Materials is the second-largest high-speed copper cable manufacturer globally and the largest in China, holding a market share of 24.9% by revenue [1][3]. - The company is also the largest manufacturer of DC charging guns for electric vehicles in China, with a market share of 41.7% [1][5]. Financial Performance - The company has shown steady growth, with a compound annual growth rate (CAGR) of 13.87% in revenue and 18.1% in net profit from 2022 to 2024 [1]. - In Q1 2025, revenue reached 1.759 billion yuan, a year-on-year increase of 26.6%, while net profit was 270 million yuan, up 36.5% [1]. Business Segments - The business operations include electronic communication products and alternative energy power transmission products, with projected revenues of 4.3 billion yuan and 2.46 billion yuan respectively in 2024 [2][5]. - The electronic communication segment is expected to grow at a CAGR of 11.37% from 2022 to 2024, while the alternative energy segment, particularly EV power transmission products, is projected to grow at a CAGR of 29.5% [2][5]. Market Dynamics - The global market for high-speed copper cables is projected to reach 1.9 billion yuan in 2024, with a CAGR of 30.4% over the past five years [7]. - The market for electric vehicle power transmission products is expected to grow to 39.1 billion yuan in 2024, with a CAGR of 74.9% [10]. Competitive Position - Wolong Materials maintains a strong competitive position, with a stable gross margin between 30% and 31% from 2022 to 2024, and a net profit margin of 13.3% in 2024 [6][11]. - The company has a diversified customer base, with the top five customers contributing approximately 12% of total revenue, indicating low customer concentration risk [5]. Expansion Plans - The company is expanding its production capacity, with nine manufacturing bases in China and one in Vietnam, and plans to establish a new manufacturing base in Malaysia [11].

Market Overview - Federal Reserve Chairman Jerome Powell anticipates significant inflationary pressures, overshadowing optimistic sentiments from Trump's comments on Iran negotiations, leading to a slight decline in major U.S. stock indices [1] - The S&P 500 index closed down 0.03%, the Dow Jones down 0.10%, while the Nasdaq rose 0.13% [1] - Technology stocks led the gains in the U.S. market, with banks benefiting from proposed easing of capital regulations on U.S. Treasury transactions [1] - Circle, the first stablecoin company, surged over 34% following the U.S. Senate's passage of a stablecoin regulatory framework [1] Commodity and Financial Markets - Gold prices fell over 1% from intraday highs, while platinum reached an eleven-year high [3] - Oil prices experienced volatility, declining after Trump expressed a desire to avoid U.S. involvement in Middle Eastern conflicts [3] AI and Technology Developments - OpenAI has initiated a price war by discounting its ChatGPT enterprise version, putting Microsoft in a reactive position [4] - Sam Altman, in a recent interview, discussed the potential of AI to discover new sciences and the future prevalence of AI companions and humanoid robots [5] Regulatory and Policy Updates - The Central Financial Committee of China issued opinions to support the development of Shanghai as an international financial center, emphasizing the use of blockchain in supply chain finance [8] - The China Securities Regulatory Commission released guidelines to enhance the inclusivity of the Sci-Tech Innovation Board [8] Industry Insights - Goldman Sachs predicts a boom in China's AI/AR glasses market, projecting sales to reach 7 million units by 2030 [7] - The Ministry of Industry and Information Technology of China aims for over 70% digitalization in key business processes of large textile enterprises by 2027 [9] Stock Market Highlights - Circle's market capitalization reached approximately $44.4 billion (around 320 billion RMB) after a significant price increase [15] - The price of platinum has risen over 60 CNY per gram in the past month, with a nearly 30% increase [16][17] - DRAM prices saw a significant increase, with DDR4 experiencing a 53% rise in May, the largest increase since 2017 [18][19]

Group 1 - Wolong Materials plans to acquire 25% equity of Changyuan Electronics for 340 million yuan, aiming to hold 100% equity post-transaction [1] - New Fengming's wholly-owned subsidiary intends to acquire 36% equity of Jinlian Port for 70.08 million yuan [2] - Qingda Environmental Protection expects revenue for the first half of 2025 to grow by 75.12% to 143.22%, projecting revenue between 900 million to 1.25 billion yuan [3] Group 2 - Wuliangye Group has invested 606 million yuan to increase its stake in Wuliangye, acquiring 470,370 shares, which is 0.12% of the total share capital [4] - Blue Sky Gas's controlling shareholder plans to increase its stake in the company with an investment between 100 million to 150 million yuan, not exceeding 2% of the total share capital [5] - Hahong Huadong's major shareholder, Changzhou Hengtong Investment, plans to reduce its stake by up to 3%, equivalent to 545,440 shares [6] Group 3 - Songcheng Performance received a warning letter from the Zhejiang Securities Regulatory Bureau regarding supervisory measures against the company and related personnel [7] - Shandong Molong confirmed that there are no undisclosed significant matters, stating that its operational situation remains stable [8] - Zhun Oil also reported no undisclosed significant matters, with its operational environment remaining unchanged [9][10]

Core Viewpoint - The company has approved an increase in collateral for a project loan to support the construction of the Huizhou Sanhe Wol New Materials Industrial Park, ensuring financial risks remain manageable and do not adversely affect operations or shareholder interests [1][2][3] Group 1: Project Loan Guarantee Overview - The company approved a project loan of up to 297.4 million RMB for its subsidiary, Huizhou Wol Technology Development Co., Ltd., with a loan term not exceeding 10 years [1] - The loan will be used for the construction of the Huizhou Sanhe Wol New Materials Industrial Park, which was previously approved by the board [1] Group 2: Additional Collateral Details - The subsidiary plans to provide additional collateral in the form of construction projects to the Bank of Communications, while other collateral conditions remain unchanged [2] - The total guarantee includes a joint liability guarantee of 297.4 million RMB, collateral guarantees, and cash pledges [2] Group 3: Impact on the Company - The increase in collateral is aimed at meeting operational needs, with financial risks considered manageable and not involving new bank loans [3] - There are no adverse effects on the company's operations or shareholder interests due to this decision [3] Group 4: Cumulative External Guarantee Situation - As of the board meeting date, the total approved external guarantees amount to 330.8674 million RMB, representing 5.98% of the company's latest audited net assets and 3.22% of total assets [3] - All guarantees are provided for the company's subsidiaries, with no overdue guarantees reported [3]

为促进下属子公司业务发展，提高其经济效益和盈利能力，公司控股子公司 长园电子(东莞)有限公司（以下简称"东莞电子"）拟为公司控股子公司深圳市 长园特发科技有限公司（以下简称"深圳特发"）向银行申请授信额度提供总额 度不超过人民币2,000万元的担保。具体授信银行、担保金额、担保期限以签订 的担保合同为准。上述担保额度的合同签署有效期自董事会审议通过之日起12 个月内有效。 证券代码：002130 证券简称：沃尔核材 公告编号：2025－055 深圳市沃尔核材股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、担保情况概述 三、拟担保情况 期限等以正式签署的担保协议为准。 本次担保事项已经公司2025年6月18日召开的第七届董事会第三十次会议审 议通过。本次对外担保金额合计人民币2,000万元，占公司2024年度经审计净资 产的0.36%。根据《深圳证券交易所上市公司自律监管指引第1号——主板上市公 司规范运作》及《公司章程》等有关规定，公司本次担保事项属于董事会权限范 围之内，无需提交股东会审议。 本次担保事项不构成关联交易，不构成《上市公司重大资产 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2025-052 深圳市沃尔核材股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳市沃尔核材股份有限公司（以下简称"公司"）第七届董事会第三十次 会议通知于2025年6月13日（星期五）以电话及邮件方式送达给公司全体董事。 会议于2025年6月18日（星期三）以通讯会议方式召开，会议应到董事9人，实到 董事9人，公司高管列席了本次会议。本次董事会会议的召开符合国家有关法律、 法规和《公司章程》的规定。会议由董事长周和平先生主持，审议通过了以下决 议： 一、以9票同意、0票反对、0票弃权，审议通过了《关于购买长园电子（集 团）有限公司25%股权的议案》。 公司拟以人民币34,000万元的价格购买长园（南京）智能电网设备有限公司 持有的长园电子（集团）有限公司25%的股权。本次股权购买完成后，公司持有 长园电子（集团）有限公司的股权将由75%变更为100%。 《关于购买长园电子（集团）有限公司25%股权的公告》详见2025年6月19 日的《证券时报》《中国证券报》和巨潮资讯网（www.cninfo. ...

本报告依据中国资产评估准则编制 深圳市沃尔核材股份有限公司拟收购股权 涉及的长园电子(集团)有限公司 股东全部权益 资产评估报告 深亿通评报字(2025)第1147号 (共壹册,第壹册) 深圳亿通资产评估房地产土地估价有限公司 二〇二五年六月三日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 4747200011202500164 | | --- | --- | | 合同编号: | 深圳亿通2025-0180 | | 报告类型: | 非法定评估业务资产评估报告 | | 报告文号: | 深亿通评报字(2025)第1147号 | | 报告名称: | 深圳市沃尔核材股份有限公司拟收购股权涉及的长园电子(集团) 有限公司股东全部权益资产评估报告 | | 评估结论: | 1.516.300.000.00元 | | 评估报告日: | 2025年06月03日 | | 评估机构名称: | 深圳亿通资产评估房地产土地估价有限公司 | | 签名人员: | 李月兰 (资产评估师) 正式会员 编号:37070017 | | | 汤坚文 (资产评估师) 正式会员 编号: 47180009 | 李月兰、汤坚文已实名认可 ...