Market Performance - The ChiNext Index rose by 0.77%, closing at 2048.46 points, with a total trading volume of 324.24 billion yuan, an increase of 33.97 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 1,073 stocks closed higher, with 17 stocks hitting the daily limit up, including Xue Rong Biological, Tian Yuan Pet, and Chuang Yuan Shares [1][2] - The average turnover rate for the ChiNext today was 3.58%, with 46 stocks having a turnover rate exceeding 20% [1] High Turnover Stocks - The stock with the highest turnover rate was C Taili, which had a turnover rate of 81.51% and closed down by 7.55% [1][4] - Other notable high turnover stocks included Fengmao Shares with a turnover rate of 50.47% and Tian Yuan Pet with a turnover rate of 50.25% [1][4] - Among the high turnover stocks, 32 stocks rose today, while C Taili, Heng Erda, and Tuo Si Da experienced the largest declines [2] Institutional Activity - Seven high turnover ChiNext stocks appeared on the Dragon and Tiger list, with six stocks showing institutional participation [3] - Zhongzhou Special Materials had four institutional seats with a total net purchase of 345 million yuan, while Chuang Yuan Shares had a net purchase of 22.43 million yuan [3] - The stocks with the highest net inflows from trading departments included Chuang Yuan Shares, Xue Rong Biological, and Tian Yuan Pet, with net inflows of 45.75 million yuan, 37.70 million yuan, and 33.71 million yuan respectively [3] Fund Flow - Among the high turnover stocks, 25 stocks saw net inflows from main funds, with Huali Technology, Saimo Intelligent, and Chuang Yuan Shares receiving the most significant inflows of 143 million yuan, 142 million yuan, and 138 million yuan respectively [3] - Conversely, Tian Yuan Di Ke, Tuo Si Da, and Zhongzhou Special Materials experienced the largest net outflows of 314 million yuan, 239 million yuan, and 155 million yuan respectively [3] Earnings Forecasts - Two high turnover stocks announced their earnings forecasts for the first half of the year [4]

Core Points - C Taili (301595) experienced a significant increase of 218.48% on its first trading day, with a turnover rate of 84.37% and a transaction volume of 915 million yuan [1] - The stock's first-day margin trading saw a buy amount of 48.68 million yuan, accounting for 5.32% of the total trading volume, with a latest margin balance of 45.87 million yuan, representing 3.66% of the circulating market value [1] - The company specializes in the research, production, and sales of various home storage products and related functional materials, including vacuum storage, wall-mounted storage, modified atmosphere preservation, outdoor equipment, and safety protection [1] - On its debut, the stock attracted a net inflow of 309 million yuan from major funds, with large orders contributing 142 million yuan and 166 million yuan respectively [1] - The top five trading departments on the stock's first day had a total transaction of 102 million yuan, with a net purchase of 62.70 million yuan [1] Recent IPO Margin Trading Details - C Taili's first-day margin balance was 45.87 million yuan, which is 3.66% of its circulating market value [1] - Other recent IPOs also showed significant first-day performance, with notable increases in stock prices and varying margin balances [2]

- The report tracks the recent performance of the offline IPO market for the STAR Market, ChiNext, and the Main Board, assuming all stocks are hit and sold at the market average price on the first day of listing, ignoring the lock-up period restrictions [1][11] - Since 2025 until 2025/5/16, the IPO yield for a Class A 2 billion account is 1.32%, and for a Class B 2 billion account is 1.15%; for a Class A 10 billion account, the IPO yield is 0.30%, and for a Class B 10 billion account, the IPO yield is 0.27% [1][11] - The median number of valid quotation accounts for recent 20 new stocks is tracked, with the number of valid quotation accounts for Class A STAR Market new stocks around 3051, and for Class B around 1784; for Class A ChiNext new stocks around 3414, and for Class B around 2056; for Class A Main Board stocks around 3493, and for Class B around 2376 [2][23] - The average first-day increase for STAR Market stocks is 198.41%, and for ChiNext stocks is 227.46% [1][16] - The report measures the theoretical IPO yield for different scale accounts, assuming all stocks are hit and sold at the market average price on the first day of listing, ignoring the lock-up period restrictions [1][11] - The report lists the IPO results for recent new stocks, including the issuance price, issuance P/E ratio, industry P/E ratio, number of new shares issued, and the actual fundraising amount [25][26] - The report provides a calendar of recent IPOs, including the status of stocks waiting for inquiry, waiting for issuance price announcement, waiting for subscription, and waiting for listing [27][28][29] - The report calculates the full subscription yield for each stock, using the average winning rate of Class A institutions to estimate the yield when fully subscribed [35][37] - The report lists the monthly IPO yield and IPO yield rate for different scale Class A accounts, assuming all stock quotations are included, with a 90% fund utilization efficiency [42][43][44][45][46] - The report lists the monthly IPO yield and IPO yield rate for different scale Class B accounts, assuming all stock quotations are included, with a 90% fund utilization efficiency [47][48][49][50][51]

Core Viewpoint - Guangdong Taili Technology Group Co., Ltd. (stock code: 301595.SZ) was listed on the Shenzhen Stock Exchange's ChiNext board, with a closing price of 54.30 yuan, marking a significant increase of 218.48% from the opening price of 45.00 yuan, and a total market capitalization of 5.88 billion yuan [1]. Company Overview - Taili Technology specializes in the research and development of new materials and the industrial application of vacuum technology, focusing on various home storage products and related functional materials [1]. - The company’s main products include vacuum storage bags, wall-mounted storage, food preservation, outdoor equipment, and safety protection items [1]. Shareholding Structure - The controlling shareholder, Shi Zhengbing, directly holds 60.03 million shares, accounting for 73.92% of the total shares before the issuance, and indirectly controls an additional 8.39% through partnerships, totaling 82.31% [1]. Financial Performance - For the years 2022 to 2024, the company's revenue is projected to grow from 637.85 million yuan to 1.01962 billion yuan, while net profit is expected to increase from 58.87 million yuan to 87.66 million yuan [6]. - The company reported a net profit of 19.75% return on equity for 2024, with a basic earnings per share of 1.08 yuan [7]. Fundraising and Use of Proceeds - Taili Technology issued 27.07 million shares at a price of 17.05 yuan per share, raising a total of approximately 46.15 million yuan, with a net amount of 36.95 million yuan after deducting issuance costs [3]. - The funds will be allocated to the construction of a production and logistics center in Wuhan, a research and development center, an information system upgrade, and to supplement working capital [4]. Market and Growth Potential - The company primarily sells its products online through platforms like Tmall, JD.com, and Amazon, with a significant portion of its revenue coming from vacuum storage bags and wall-mounted storage products, which have seen a declining sales revenue ratio [2]. - Taili Technology has applied for and obtained 579 patents globally, indicating a commitment to innovation and potential competitive advantages in the market [2].

深交所：N太力科技盘中成交价较开盘价首次上涨达到或超过30%，本所自今日13时02分08秒起对该证 券实施临时停牌，于13时12分09秒复牌。 ...

2025年5月19日，广东太力科技（301595）集团股份有限公司（以下简称"太力科技"）成功在深圳证券 交易所创业板上市，成为今年来国联民生（601456）证券下属子公司成功保荐上市的首家企业。 太力科技（股票代码：301595）本次发行2,707万股，发行价格每股17.05元，首发募集资金46,154.35万 元，主要用于太力武汉生产及物流中心建设项目、研发中心建设项目、信息系统升级项目等，将为太力 科技的未来持续发展提供有力支持。 国联民生证券下属子公司作为太力科技公开发行上市的保荐机构，项目团队勤勉尽责，高效推进项目进 度，以严谨稳健、务实高效的工作作风和扎实的专业知识，为太力科技提供全方位、专业化、精细化的 投资银行业务服务，赢得了客户的高度赞誉和持续信任。 国联民生证券依托"大投行+大投资+大投研+大财富+大资管" 的全链条布局，以"协同赋能"与"内生增 长"为主线，各业务板块之间将紧密协作，形成强大的合力。投资银行业务作为拳头业务之一，持续保 持强劲发展势头。国联民生证券下属子公司秉持"深耕区域、精耕行业"理念，聚焦"科创""创业"与"专 精特新"，已帮助近400家企业成功登陆资本市场，为近20 ...

Market Overview - A-shares showed mixed performance on the morning of May 19, with the real estate sector being a significant highlight, where multiple stocks hit the daily limit up [1][2][3] - The Hong Kong market exhibited relatively flat performance, but some individual stocks experienced significant volatility, notably China Financial International, which surged over 1100% during the session [2][9] Real Estate Sector - The real estate sector led the A-share market with a gain of over 2%, with stocks such as Konggang Co., Ltd., Shahe Co., Ltd., and others reaching their daily limit up [3] - In April 2025, the sales prices of commercial residential properties in 70 major cities remained stable or slightly decreased month-on-month, with the year-on-year decline narrowing [3] - In first-tier cities, new residential property prices were flat month-on-month, with Beijing and Shanghai seeing slight increases of 0.1% and 0.5%, while Guangzhou and Shenzhen experienced minor declines [3] New Stock Listings - Two new stocks, Taili Technology and Weigao Blood Purification, were listed today, with Taili Technology seeing a peak increase of over 200% [5][6] - Taili Technology focuses on new materials and vacuum technology, offering a range of home storage products and solutions [6] - Weigao Blood Purification, established in 2004, specializes in blood purification medical products, holding significant market shares in various segments, including 32.5% in blood dialysis devices [7][8] Hong Kong Market Activity - China Financial International's stock surged over 1100% after meeting all resumption guidelines and being allowed to resume trading [9][10] - The company addressed issues that previously led to audit opinions and has committed to providing sufficient data for investors to evaluate its financial status [10]

高质量发展是新时代的硬道理，发展新质生产力是必须回答好的时代命题。资本市场目前已成为支持新 质生产力企业发展的主阵地，持续培育壮大新质生产力发展的"生力军"。2025年5月19日，国联民生 （601456）证券下属子公司担任保荐机构的广东太力科技（301595）集团股份有限公司(以下简称"太力 科技")在深圳证券交易所创业板成功上市。在践行发展新质生产力的道路上，太力科技董事长、总经理 石正兵一直在不懈努力和奋勇拼搏。 太力科技始终重视创新研发及品牌声誉。公司已形成了一支153人硕博研发团队，并积极与开展与华南 理工大学、武汉纺织大学等高校的产学研合作。经过十余年的技术积累和市场开拓，公司已积累了优 质、稳定的客户渠道和资源，与宜家、沃尔玛、开市客、Temu等全球领先零售公司建立了长期稳定的 合作关系。 太力科技的高质量发展离不开客户和业界的支持与厚爱。未来，在石正兵的带领下，太力科技将不负众 望，用新质生产力，创造更多的优秀产品。力争在面对经济主战场的浪潮中，继续将新材料研发应用做 大做强，努力打造国产纳米新材料研发应用第一品牌。 太力科技将继续以科技智慧不断创新、追求卓越，为全球客户提供优质的产品功能及解 ...

在品牌建设方面，太力科技产品定位于中高端，旗下拥有"太力"、"LEVERLOC"、"宜尚"等多个自有品 牌。其中，"太力"品牌是"广东省著名商标"，"太力"真空压缩袋被评为"广东省名牌产品"和"广东省高新 技术产品"，"太力"品牌已在收纳、户外等领域受到消费者广泛青睐。 创新驱动、数字赋能，技术壁垒领跑行业 在真空收纳产品研发方面，太力科技是中国航天专用压缩袋的独家供应商，产品已累计25次进入太空， 解决了航天真空环境中的产品爆破风险与舱内非金属材料缓释风险，为航天员长时间在轨驻留与航天员 生命保障作出突出贡献，服务于国家航天强国战略需求，连续15年、25次、100%保证了国家载人航天 任务的安全性。 在业务模式方面，太力科技以优质的产品研发、制造能力为基础，不断拓展和丰富销售渠道。目前，公 司拥有广东、湖北两大生产基地，是国家级知识产权优势/示范企业，国家级专精特新"小巨人"企业， 广东省、中山市工程技术研究开发中心，广东省专精特新中小企业，广东省创新型中小企业，广东省工 业设计中心，中山市专精特新培育企业，广东省博士工作站，在国内外拥有800余项专利，其中发明专 利44项，为公司产品研发提供了有力保障。近 ...

Summary of Key Points Core Insights - The report highlights the upcoming listings and trading activities of several companies on May 19, 2025, indicating a busy market day with multiple new entries [1][2][3]. Upcoming Listings - Company 001390 Guqi Fur Material will be available for online subscription on May 19, 2025 [1]. - Companies 301595 N Taili and 603014 N Weigao will officially list on the same day, with allocations for general institutional investors [1]. - Company 920060 Wanyuantong will also list on May 19, 2025, specifically for the public portion [1]. Suspension Announcements - Company 002092 ST Zhongtai and 002259 ST Shengda will be suspended for one day due to the announcement of the withdrawal of other risk warnings [2]. - The Invesco Great Wall S&P Consumer Select ETF (QDII) and Guotai S&P 500 ETF will also be suspended until 10:30 AM on May 19, 2025, to protect investor interests [2]. - Company 300506 *ST Mingjia will be suspended for one day following the announcement of the withdrawal of delisting risk warnings [2]. Special Suspensions - Company 000151 Zhongcheng Co. will be suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [3]. - Company 000584 *ST Gongzhi and 000622 *ST Hengli will also face suspensions due to potential delisting risks and failure to disclose periodic reports within the legal timeframe [3]. - Company 002336 *ST Renle will be suspended for one day due to the announcement of potential delisting risks [3].