Summary of Key Points Core Viewpoint - The A-share IPO market experienced a decrease in the number of companies going public in May 2025, with a total of 4 companies passing the review, down from 9 in April, while the number of new listings was limited to 6, the second-lowest this year [1][2]. Group 1: IPO Market Activity - In May, 4 companies were approved for IPOs, including Hai'an Rubber, which specializes in the research, production, and sales of giant all-steel engineering tires [2][3]. - The number of new IPO applications received in May reached a monthly high of 16, with 10 from the Beijing Stock Exchange and 2 each from the Shanghai Main Board and the ChiNext [5]. - 8 companies terminated their IPO projects in May, an increase from 5 in April, with some having previously passed the review [4]. Group 2: Overseas Listings - As of May 30, 2025, 158 companies were in the process of filing for overseas securities issuance, with over 70% planning to list in Hong Kong [1][6]. - In May, 41 companies submitted applications to the Hong Kong Stock Exchange, including 5 A-share listed companies, indicating a continued trend of domestic companies seeking overseas listings [6][7]. - The Hong Kong market saw a significant increase in fundraising, with a total of HKD 558.01 billion raised in May, marking the highest monthly total since April 2021 [7]. Group 3: Market Performance - Despite a decrease in the number of new listings, the performance of new stocks on their debut was strong, with 4 stocks rising over 100% on their first day, including a peak increase of 411.93% for Tiangong Co [3][8]. - Among the 10 new stocks listed in the Hong Kong market in May, 7 recorded gains while 3 faced declines, resulting in a first-day drop rate of 30% [8].

大族激光（002008）公告，控股子公司深圳市大族数控（301200）科技股份有限公司于2025年5月30日 向香港联合交易所有限公司递交了发行境外上市股份(H股)并在香港联交所主板挂牌上市的申请，并在 香港联交所网站刊登了申请资料。该申请资料为草拟版本，所载资料可能会适时更新及修订。大族数控 本次发行上市需满足多项条件，包括取得中国证监会的备案和香港联交所及其他监管机构的批准，存在 一定不确定性。公司将根据相关事项进展及时履行信息披露义务，投资者可在巨潮资讯网等媒体关注大 族数控自行披露的进展公告。 ...

关于向香港联交所递交境外上市股份（H 股） 证券代码：301200 证券简称：大族数控 公告编号：2025-044 深圳市大族数控科技股份有限公司 发行并上市申请并刊发申请资料的公告 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。 深圳市大族数控科技股份有限公司（以下简称"公司"）已于 2025 年 5 月 30 日向香港联合交易所有限公司（以下简称"香港联交所"）递交了发行境外上 市股份（H 股）并在香港联交所主板挂牌上市（以下简称"本次发行上市"）的 申请，并于同日在香港联交所网站刊登了本次发行上市的申请资料。本次发行上 市事项的相关申请资料为公司按照香港证券及期货事务监察委员会（以下简称 "香港证监会"）和香港联交所的要求编制和刊发，为草拟版本，且所载资料可 能会适时作出更新及修订。 鉴于本次发行上市的认购对象仅限于符合相关条件的境外投资者及依据中 国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会在境内 证券交易所的网站和符合境内监管机构规定条件的媒体上刊登该申请资料，但为 使境内投资者及时了解该等申请资料披露的本次发行以及公司的其他相关信 ...

Core Viewpoint - Shenzhen Dazhu CNC Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor, focusing on providing PCB specialized production equipment solutions [1] Industry Overview - The global PCB industry market value is projected to grow from $65.2 billion in 2020 to $73.6 billion in 2024, with a compound annual growth rate (CAGR) of 3.1% from 2020 to 2024. By 2029, the market value is expected to reach $96.4 billion, with a CAGR of 5.6% from 2024 to 2029 [1] - The demand for PCB production equipment is driven by the rapid growth in end-use applications, including the electrification of smart vehicles, increased demand for high-performance servers, and upgrades in consumer electronics [1] Market Dynamics - In 2023, the global PCB market value decreased by 15% compared to 2022, primarily due to a contraction in the consumer electronics sector, which is a major end-use application for PCBs. For instance, the PCB market value for mobile phones dropped from $15.8 billion in 2022 to $13.1 billion in 2023, a decline of 17.1% [2] - The main development regions for PCB specialized production equipment include China, Taiwan, Japan, South Korea, and the Americas, which collectively account for approximately 89.5% of the global market size by 2024 [4] Regional Growth - The global PCB specialized equipment market is expected to grow from approximately $5.84 billion in 2020 to about $7.08 billion in 2024, with a CAGR of 4.9%. By 2029, it is projected to reach approximately $10.77 billion, with a CAGR of 8.7% [4] - The Chinese PCB specialized equipment market is anticipated to grow from approximately $3.31 billion in 2020 to about $4.11 billion in 2024, with a CAGR of 5.6%, and is expected to reach approximately $6.14 billion by 2029, with a CAGR of 8.4% [4]

Core Viewpoint - Shenzhen Dazhu CNC Technology Co., Ltd. (Dazhu CNC) has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [1]. Company Overview - Dazhu CNC is a leading global provider of production equipment solutions specifically for PCB (Printed Circuit Board) manufacturing, focusing on R&D, production, and sales of PCB production equipment [4][5]. - The company has over 20 years of experience in the PCB equipment sector and offers a comprehensive product portfolio covering nearly all major processes in PCB production, including drilling, exposure, lamination, molding, and testing [4][5]. - Dazhu CNC serves 80% of the top 100 PCB companies listed in the 2024 Prismark global rankings, and has maintained the top position in the CPCA specialized equipment and instruments list by revenue for 16 consecutive years since 2009 [4]. Market Position - According to Frost & Sullivan, Dazhu CNC is the largest manufacturer of PCB production equipment globally, with a market share of 6.5% and a 10.1% share in the Chinese market as of 2024 [5]. - The PCB equipment industry is highly competitive and fragmented, with the top five manufacturers accounting for approximately 20.9% of the total market share in 2024 [5]. Financial Performance - Dazhu CNC reported revenues of approximately RMB 2.786 billion, RMB 1.634 billion, and RMB 3.344 billion for the fiscal years 2022, 2023, and 2024, respectively [7]. - The net profits for the same periods were approximately RMB 432 million, RMB 136 million, and RMB 300 million [7]. - The gross profit margins for the years were 34.0%, 29.2%, and 27.2%, respectively, indicating a trend of decreasing margins [8].

据港交所文件：深圳市大族数控（301200）科技股份有限公司向港交所提交上市申请书。 ...

Group 1 - The core point of the article is that Shenzhen Dazhu CNC Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation (CICC) as the exclusive sponsor [1] Group 2 - The company is seeking to expand its presence in the capital markets through this listing application [1] - The involvement of a reputable sponsor like CICC indicates a strategic move to enhance investor confidence [1]

2、本次权益变动性质为股份比例被动稀释，不触及要约收购，不会导致公 司控股股东、实际控制人发生变化，不会影响公司的治理结构和持续经营。 鉴于公司 2023 年限制性股票激励计划第一个归属期的归属条件已经成就， 公司于近日为符合条件的激励对象归属第二类限制性股票共计 5,509,152 股，公 司总股本由 420,000,000 股增至 425,509,152 股。公司控股股东大族激光以及大族 激光之控股股东大族控股在持股数量不变的情况下，合计持股比例由 85.50%被 动稀释至 84.39%，权益变动后的合计持股比例触及 5%的整数倍，现将具体情况 公告如下： | 1. 基本情况 | | | --- | --- | | 信息披露义务人 1 | 大族激光科技产业集团股份有限公司 | | 住所 | 深圳市南山区深南大道 号 9988 | | 信息披露义务人 2 | 大族控股集团有限公司 | | 住所 | 深圳市南山区粤海街道麻岭社区深南大道 号大族科技中心 9988 2401 | | 权益变动过程 | 公司因 2023 年限制性股票激励计划第一个归属期完成股份归属 ，公司 | 证券代码：301200 证券简称：大 ...

证券代码：301200 证券简称：大族数控 公告编号：2025-042 深圳市大族数控科技股份有限公司 关于 2023 年限制性股票激励计划第一个归属期 归属结果暨股份上市公告 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。 重要内容提示： 深圳市大族数控科技股份有限公司（以下简称"公司"或"大族数控"）于 2025 年 5 月 6 日召开的第二届董事会第十三次会议及第二届监事会第十次会议， 审议通过了《关于 2023 年限制性股票激励计划第一个归属期归属条件成就的议 案》，认为 2023 年限制性股票激励计划（以下简称"本激励计划"）第一个归 属期归属条件已经成就，同意公司按照本激励计划相关规定办理归属相关事宜。 现将有关事项说明如下： 一、本激励计划简述及已履行的相关审批程序 （一）本激励计划简述 2023 年 12 月 8 日，公司召开 2023 年第二次临时股东大会，审议并通过《关 于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2023 年限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董 事会办理股权激 ...

证券代码：301200 证券简称：大族数控 公告编号：2025-041 特此公告。 深圳市大族数控科技股份有限公司董事会 2025 年 5 月 14 日 附件： 黄麟婷女士，1983 年出生，中国国籍，无境外永久居留权，大学本科。2006 年 7 月至 2008 年 5 月，任深圳锦绣中华发展有限公司考核专员；2008 年 5 月至 2020 年 10 月，任大族激光科技产业集团股份有限公司考核评价中心项目经理； 2020 年 10 月至今，任大族数控考核办总监；2020 年 11 月至 2025 年 5 月 12 日， 任大族数控监事。 根据现行有效的《深圳市大族数控科技股份有限公司章程》，公司董事会现 由 8 名董事组成，其中独立董事 3 名、职工代表董事 1 名；职工代表董事由公司 职工通过民主选举方式产生。 公司于 2025 年 5 月 14 日召开职工代表大会，经与会职工代表民主选举，一 致同意选举黄麟婷女士担任公司第二届董事会职工代表董事（简历详见附件）。 黄麟婷女士与公司其余 7 位董事共同组成公司第二届董事会，任期自本次职工代 表大会通过之日起至第二届董事会任期届满之日止。 黄麟婷女士未直接持 ...