Market Performance - The ChiNext Index rose by 0.22%, closing at 2189.58 points, with a total trading volume of 419.45 billion yuan, a decrease of 16.05 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 563 stocks closed higher, with 12 stocks rising over 10%, including Puli Software and New City, which hit the daily limit [1] Turnover Rate - The average turnover rate for the ChiNext today was 4.19%, with 64 stocks having a turnover rate exceeding 20% [1] - C Tongyu, a newly listed stock, had the highest turnover rate at 83.97%, closing up by 128.05% with a trading volume of 1.624 billion yuan [1][2] Institutional Activity - A total of 12 high turnover rate stocks appeared on the Dragon and Tiger List, with institutional participation noted in all of them [3] - Notable net purchases by institutions included Huijin Co. with 12.36 million yuan and Puli Software with 7.82 million yuan [3] Capital Flow - Among high turnover stocks, C Tongyu, Silicon Treasure Technology, and Puli Software saw significant net inflows of 6.48 billion yuan, 2.29 billion yuan, and 2.19 billion yuan respectively [4] - Conversely, Sifang Precision, Huijin Co., and New Special Electric experienced substantial net outflows of 5.73 billion yuan, 1.68 billion yuan, and 1.64 billion yuan respectively [4] Earnings Forecast - Four high turnover stocks released half-year earnings forecasts, with three expecting profit increases [4] - Huizhong Co. is projected to have a net profit median of 41.01 million yuan, representing a 100% year-on-year increase [4]

Market Overview - As of July 10, the Shanghai Composite Index closed at 3509.68 points, up 16.63 points, with an increase of 0.48% [1] - The Shenzhen Component Index closed at 10631.13 points, up 49.33 points, with an increase of 0.47% [1] - The ChiNext Index closed at 2189.58 points, up 4.90 points, with an increase of 0.22% [1] Stock Performance - A total of 126 A-shares had a turnover rate exceeding 20%, with C Tongyu and Shouhang New Energy having turnover rates above 50% [1] - C Tongyu (stock code: 301630) had a closing price of 191.56 yuan, with a turnover rate of 83.97% and a price increase of 128.05% [1] - Shouhang New Energy (stock code: 301658) closed at 38.99 yuan, with a turnover rate of 62.76% and a slight decrease of 0.03% [1] - Xinling Electric (stock code: 301388) closed at 35.79 yuan, with a turnover rate of 58.94% and a decrease of 10.48% [1] - Other notable stocks with high turnover rates include Kuaijingtong, Longyang Electronics, and Yihua New Materials, with turnover rates ranging from 45.44% to 49.87% [1] Additional Stock Insights - The stock with the highest turnover rate was C Tongyu, followed by Shouhang New Energy and Xinling Electric, indicating significant trading activity [1] - The performance of stocks varied, with some experiencing substantial gains while others faced declines, reflecting market volatility [1]

Core Viewpoint - Tongyu New Materials (Guangdong) Co., Ltd. has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a significant opening price increase and high trading volume, indicating strong market interest and investor confidence in the company’s future prospects [1]. Company Overview - Tongyu New Materials specializes in the research, production, and sales of electronic resins, primarily used in the production of copper-clad laminates [1]. - The company’s total market capitalization reached 7.662 billion yuan after its debut [1]. Shareholding Structure - Zhang Chi, the chairman and general manager, holds 11.9973 million shares, accounting for 39.99% of the total shares, and indirectly controls an additional 5.26% through a partnership, making him the controlling shareholder with a total voting power of 45.25% [1]. - Su Shiguo, the vice general manager, holds 7.8397 million shares, representing 26.13% of the total shares, and together with Zhang Chi, they control 71.38% of the voting rights, establishing them as the joint actual controllers of the company [2]. Financial Performance - The company’s projected revenues for 2023 are expected to decline by 17.51%, and the net profit attributable to the parent company is expected to decrease by 14.12% compared to the previous year [4]. - For the years 2022 to 2024, the company reported revenues of 1.1928477 billion yuan, 886.2495 million yuan, and 952.4685 million yuan, with net profits of 188.0032 million yuan, 164.4793 million yuan, and 143.3056 million yuan respectively [8]. Fundraising and Investment Plans - Tongyu New Materials issued 10 million shares at a price of 84.00 yuan per share, raising a total of 840 million yuan, with a net amount of 760.3783 million yuan after deducting issuance costs [6]. - The funds will be allocated to a project for producing 200,000 tons of electronic resin and to supplement working capital [7]. R&D and Innovation - The company’s R&D expenses have shown a consistent increase, with amounts of 7.7846 million yuan, 12.6769 million yuan, and 14.9312 million yuan over the reporting periods, indicating a commitment to innovation [3]. - The proportion of R&D investment relative to revenue has increased from 1.25% in 2022 to 2.27% in 2024, reflecting a growing focus on technological advancement [9]. Recent Performance Metrics - In the first quarter of 2025, the company achieved revenues of 27.64064 million yuan, a year-on-year increase of 25.60%, while the net profit attributable to the parent company decreased by 4.43% [11].

New Stock Listings - The new stock "同宇新材" (code: 301630) is listed at an issue price of 84 on July 10, 2025[1] - "中程退" (code: 300208) and "退市锦港" (code: 600190) have 6 trading days remaining until their last trading day[1] - "恒立退" (code: 000622) has 3 trading days remaining until its last trading day[1] Delisting and Trading Alerts - "退市九有" (code: 600462) has 2 trading days remaining until its last trading day[1] - "工智退" (code: 000584) will have its last trading day on July 10, 2025[1] - "美迪西" (code: 688202) is listed with no specific trading alerts mentioned[1] Market Volatility - "北方长龙" (code: 301357) has been flagged for severe abnormal fluctuations[1] - "浙江东日" (code: 600113) and "诺德股份" (code: 600110) have also been noted for abnormal trading activities[1] - "长春一东" (code: 600148) is included in the list of stocks with trading alerts[1]

Core Viewpoint - Tongyu New Materials successfully listed on the Shenzhen Stock Exchange on July 10, 2025, marking a significant milestone for the company [2]. Group 1: Company Overview - Tongyu New Materials specializes in the research, production, and sales of electronic resins, which are essential materials in the electronic information industry, particularly for copper-clad laminates and printed circuit boards [6]. - The company has developed five product categories and possesses high-efficiency production capabilities, having mastered several core technologies through independent research and development [6]. Group 2: IPO Details - The company issued 10 million A-shares at a price of 84.00 yuan per share, increasing the total share capital to 40 million shares post-IPO [3]. - The funds raised from the IPO will be allocated to a project for producing 200,000 tons of electronic resin and for supplementing working capital [16]. Group 3: Financial Performance - Tongyu New Materials reported revenues of 1.193 billion yuan, 886 million yuan, and 952 million yuan for the years 2022, 2023, and 2024, respectively, with net profits of 188 million yuan, 164 million yuan, and 143 million yuan during the same period [14]. - For the first half of 2025, the company anticipates a revenue increase of 29.09% and a net profit increase of 4.11% compared to the same period in the previous year [14]. Group 4: R&D and Market Position - The company has a compound annual growth rate of 20.28% in R&D investment from 2022 to 2024, focusing on enhancing domestic production capabilities in the electronic resin sector [14]. - Tongyu New Materials has successfully broken the monopoly of international leaders in the lead-free and halogen-free copper-clad laminate resin market, reducing reliance on foreign suppliers [14][16].

Core Points - N Tongyu was listed today with an opening price of 180.00 CNY, representing an increase of 114.29% from the issue price [2] - The company specializes in the research, production, and sales of electronic resins [2] - The total issuance volume was 10 million shares, with an issue price of 84.00 CNY per share and a price-to-earnings ratio of 23.94, which is lower than the industry average of 38.62 [2] - The number of effective subscriptions for the online issuance reached 11.3359 million, resulting in a final winning rate of 0.0114103361% [2] - The initial fundraising amount was 840 million CNY, primarily allocated to the annual production project of 200,000 tons of electronic resins at Jiangxi Tongyu New Materials Co., Ltd. (Phase I) and to supplement working capital [2] Recent IPO Performance - N Tongyu's first-day performance shows a significant increase of 114.29% [2] - Other recent IPOs in the electronic and power equipment sectors also demonstrated strong first-day performances, with notable increases such as 265.41% for Xintong Electronics and 400.00% for Guangxin Technology [2][3] - The table of recent IPOs indicates a trend of high volatility and substantial gains in the electronic and power equipment industries [2][3]

Core Viewpoint - Tongyu New Materials (301630) has been listed on the Shenzhen Stock Exchange, focusing on the research, production, and sales of electronic resins primarily used in copper-clad laminate production [1][2]. Company Overview - The main business of Tongyu New Materials includes the development, production, and sales of electronic resins, with products such as MDI modified epoxy resin, DOPO modified epoxy resin, high-bromine epoxy resin, BPA-type phenolic epoxy resin, and phosphorus-containing phenolic resin curing agents [2]. - Before the issuance, Zhang Chi served as the chairman and general manager, holding 11.9973 million shares, accounting for 39.99% of the total shares. Zhang Chi also indirectly controls 5.26% of the voting rights through Si Hui Zhao Yu, totaling 45.25% voting rights, making him the controlling shareholder [2]. Shareholder Agreement - Zhang Chi and Su Shiguo signed a "Joint Action Agreement" on December 9, 2021, confirming their consistent decision-making regarding the company's operations and significant matters since its establishment on December 23, 2015. In case of disagreement, Zhang Chi's opinion prevails [3]. - Su Shiguo, serving as the director and deputy general manager, holds 7.8397 million shares, representing 26.13% of the total shares before the issuance. Together, Zhang Chi and Su Shiguo control 71.38% of the voting rights, significantly influencing the board and major decisions [3]. Fundraising Details - The total amount raised from the issuance is 840 million yuan, with a net amount of 760.3783 million yuan, intended for the annual production project of 200,000 tons of electronic resins (Phase I) and to supplement working capital [4].

Group 1 - A total of 18 companies listed on the ChiNext board have released their performance forecasts for the first half of the year, with 13 companies expecting profit increases, 1 company expecting to turn a profit, 1 company expecting a profit decrease, and 1 company expecting a loss [1][3] Group 2 - The performance forecast details include various companies with significant expected profit growth, such as: - Hanyu Pharmaceutical (300199) with a projected profit increase of 1567.36% [2] - Chuanjin Nuo (300505) with a projected profit increase of 167.27% [2] - Chenguang Biotech (300138) with a projected profit increase of 117.36% [2] - Huizhong (300371) with a projected profit increase of 100.00% [2] - Taotao Automotive (301345) with a projected profit increase of 84.08% [2] Group 3 - Companies with performance forecasts indicating a decrease or loss include: - Zairun (301636) with a projected profit decrease of 5.43% [2] - Yuyou Green Energy (301590) with a projected profit decrease of 6.57% [2] - Juguang (300203) with a projected loss of 205.37% [2]

Group 1 - The new stock N Tongyu opened over 110% higher, trading at 180 yuan [1] - Tongyu New Materials issued 10 million shares at a price of 84 yuan per share, raising a total of 840 million yuan [1] - After the issuance, the total share capital of Tongyu New Materials will be 40 million shares [1] Group 2 - Tongyu New Materials primarily engages in the research, production, and sales of electronic resins [1]

Group 1 - The stock of Tongyu New Materials (301630) opened over 110% higher, trading at 180 CNY [1] - The company issued 10 million shares at a price of 84 CNY per share, raising a total of 840 million CNY [1] - After the issuance, the total share capital of the company reached 40 million shares [1] Group 2 - Tongyu New Materials primarily engages in the research, production, and sales of electronic resins, which are mainly used in the production of copper-clad laminates [1] - For the fiscal year 2024, the company is projected to achieve a revenue of 952 million CNY and a net profit of 143 million CNY [1]