Group 1: New Listings - Jiangsu Xihua New Energy Technology Co., Ltd. listed on the Shanghai Stock Exchange main board on December 23, raising 1.01 billion yuan, with a first-day stock price increase of 264.46% and a market cap of approximately 11.4 billion yuan as of December 29 [3][5] - Ningbo Jianxin Superconducting Technology Co., Ltd. listed on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, raising 779 million yuan, with a first-day stock price increase of 212.81% and a market cap of approximately 7.9 billion yuan as of December 29 [3][5] - Shenzhen Tian Su Measurement and Testing Co., Ltd. listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 600 million yuan, with a first-day stock price increase of 174.48% and a market cap of approximately 6.8 billion yuan as of December 29 [4][5] - Nabai Chuan New Energy Co., Ltd. also listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 632 million yuan, with a first-day stock price increase of 408.17% and a market cap of approximately 10.1 billion yuan as of December 29 [4][5] Group 2: Companies Passing Review - Shijiazhuang Vision Technology Co., Ltd. passed the review for listing on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, focusing on micro-display solutions [6][8] - Luoyang Shenglong Mining Group Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 23, engaged in non-ferrous metal mining [9][10] - Hangzhou Fuen Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 26, specializing in eco-friendly fabric [9][10] - Shenzhen Dapu Microelectronics Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 25, focusing on enterprise-level SSD products [9][10] - Nanchang Sanrui Intelligent Technology Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 26, specializing in drone and robot power systems [9][10] Group 3: Companies Submitting IPO Applications - Tianjin Fujida Bicycle Industrial Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 24, planning to raise 773 million yuan [12][14] - Shenyang Compressor Group Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 25, planning to raise 2.134 billion yuan [12][19] - Shenzhen Hanno Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 23, planning to raise 1.062 billion yuan [12][23] - Dandong Oriental Measurement and Control Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 25, planning to raise 1.1 billion yuan [12][25] - Suzhou Tongxin Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.064 billion yuan [12][27] - Shenzhen Deep Blue Ocean Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.5 billion yuan [12][29] Group 4: Financial Data Highlights - Fujida projected revenues of 4.371 billion yuan, 3.621 billion yuan, and 4.880 billion yuan from 2022 to 2024, with net profits of 348 million yuan, 285 million yuan, and 408 million yuan respectively [17][18] - Shenyang Compressor Group projected revenues of 7.396 billion yuan, 8.206 billion yuan, and 9.309 billion yuan from 2022 to 2024, with net profits of 181 million yuan, 355 million yuan, and 442 million yuan respectively [20][21] - Hanno Medical projected revenues of 0, 298 million yuan, and 493 million yuan from 2022 to 2024, with net losses of 647 million yuan, 3.41 billion yuan, and 1.83 billion yuan respectively [24] - Oriental Measurement and Control projected revenues of 603 million yuan, 521 million yuan, and 567 million yuan from 2022 to 2024, with net profits of 92.5 million yuan, 74.8 million yuan, and 73.1 million yuan respectively [26] - Tongxin Medical projected revenues of 8.611 million yuan, 50.453 million yuan, and 77.351 million yuan from 2022 to 2024, with net losses of 1.89 billion yuan, 3.06 billion yuan, and 3.72 billion yuan respectively [28]

Core Viewpoint - The company "Nabachuan" is set to conduct an inquiry for its IPO on December 2, focusing on thermal management solutions for electric vehicles and energy storage systems, with significant revenue growth projected for the coming years [1] Group 1: Company Overview - Nabachuan specializes in the research, production, and sales of thermal management systems for electric vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - The company achieved revenues of 1.031 billion yuan in 2022, with a year-on-year growth of 98.37%, and is projected to reach 1.437 billion yuan by 2024, reflecting a growth rate of 26.48% [1] - The net profit attributable to the parent company was 113 million yuan in 2022, with a significant increase of 134.65%, but is expected to decline slightly in the following years [1] Group 2: Market Position and Competitive Advantage - Nabachuan is one of the earliest companies to enter the thermal management sector for electric vehicles, holding a strong position in the liquid cooling plate market for power batteries [2] - The company has established strategic partnerships with major players like CATL, becoming a key supplier for several leading domestic new energy vehicle manufacturers [2] - The market for thermal management systems is expected to expand significantly as the electric vehicle sector grows, with the per-unit value of core components being 2-3 times higher than traditional fuel vehicles [2] Group 3: Business Expansion and Innovation - The company is actively diversifying its product offerings, expanding from power battery liquid cooling plates to energy storage battery solutions, with revenues from energy storage thermal management products projected to grow from 36 million yuan in 2022 to 337 million yuan by 2024 [2] - Innovations in product integration, such as the development of integrated battery boxes, are underway, with the market for battery boxes expected to exceed 119.5 billion yuan by 2030 [2] - Nabachuan has successfully completed product validation for its integrated battery box products and is currently in the market promotion phase [2] Group 4: Industry Comparison - Compared to similar companies in the industry, Nabachuan's revenue and gross margin are currently below the average, with comparable companies showing an average revenue of 10.594 billion yuan and an average PE-TTM of 39.04X [3]

Market Performance - The ChiNext Index fell by 1.23%, closing at 3203.17 points, with a total trading volume of 549.13 billion yuan, a decrease of 16.78 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 684 stocks closed higher, with 16 stocks rising over 10%, including Jiu Zhi Yang, BlueFocus, and Wa Jin Ke, which hit the daily limit [1] Turnover Rate - The average turnover rate for the ChiNext today was 3.97%, with 40 stocks having a turnover rate exceeding 20% [1] - C Xin Guang Yi, a newly listed stock, had the highest turnover rate at 80.68%, closing up by 225.22% with a trading volume of 1.741 billion yuan [1][2] Institutional Activity - Eight high turnover ChiNext stocks appeared on the Dragon and Tiger List, with five stocks showing institutional presence [3] - BlueFocus had one institutional seat with a net purchase of 34.72 million yuan, while C Xin Guang Yi had a net purchase of 80.53 million yuan from institutions [3] Capital Flow - Among high turnover stocks, 22 stocks experienced net inflows from main funds, with BlueFocus, Xin Wei Communication, and Qian Zhao Guang Dian seeing the largest net inflows of 2.762 billion yuan, 881 million yuan, and 570 million yuan respectively [4] - Conversely, Hai Xia Chuang Xin, Fei Wo Ke Ji, and Hao Zhi Ji Dian had significant net outflows of 347 million yuan, 123 million yuan, and 114 million yuan respectively [4] Earnings Forecast - Three high turnover stocks released earnings forecasts for the full year of 2025, all indicating profit growth [4] - Tian Su Ji Liang is expected to have the highest net profit growth rate at 10.31%, followed by C Xin Guang Yi and Na Bai Chuan with expected growth rates of 10.00% and 9.72% respectively [4]

Core Viewpoint - The stock of Nabichuan increased by 0.84% with a turnover rate of 46.66% and a trading volume of 872 million yuan, indicating significant trading activity and interest from investors [2] Trading Activity - The stock's trading amplitude was 10.65%, reflecting volatility in its price movement [2] - Institutional investors net bought 1.6558 million yuan, while brokerage seats collectively net sold 2.3499 million yuan [2] - The top five trading departments accounted for a total transaction volume of 179 million yuan, with a buying amount of 89.3606 million yuan and a selling amount of 90.0546 million yuan, resulting in a net selling of 694,000 yuan [2] Institutional Participation - Three institutional specialized seats were involved in the trading, with total buying amounting to 51.9979 million yuan and selling amounting to 50.3421 million yuan, leading to a net buying of 1.6558 million yuan [2] - The main funds saw a net outflow of 2.9573 million yuan, with large orders experiencing a net outflow of 1.0006 million yuan and big orders a net outflow of 1.9566 million yuan [2] - Over the past five days, the main funds had a net inflow of 9.3964 million yuan [2] Detailed Trading Data - The top buying and selling activities were recorded as follows: - Buy One: Institutional specialized seat bought 23.2768 million yuan and sold 34.5235 million yuan - Buy Two: Guojin Securities Shenzhen branch bought 22.0510 million yuan and sold 3.3087 million yuan - Buy Three: Institutional specialized seat bought 14.7287 million yuan and sold 6.0307 million yuan - Buy Four: Institutional specialized seat bought 13.9923 million yuan and sold 9.7879 million yuan - Buy Five: Guotai Haitong Securities Dongguan headquarters bought 11.2371 million yuan with no sales recorded [2]

Market Overview - As of December 31, the Shanghai Composite Index closed at 3968.84 points, up by 3.72 points, with a change of 0.09% [1] - The Shenzhen Component Index closed at 13525.02 points, down by 79.04 points, with a change of -0.58% [1] - The ChiNext Index closed at 3203.17 points, down by 39.73 points, with a change of -1.23% [1] Trading Activity - A total of 94 A-shares had a turnover rate exceeding 20% on the same day [1] - Notably, C Xin Guang Yi and Guang Dao Tui had turnover rates exceeding 50%, indicating significant trading activity [1] Top Stocks by Turnover Rate - C Xin Guang Yi (301687) had a closing price of 71.32 yuan, with a turnover rate of 80.68% and a price increase of 225.22% [1] - Guang Dao Tui (920680) closed at 0.86 yuan, with a turnover rate of 60.23% and a price decrease of -21.82% [1] - Other notable stocks include: - Yu Yin Co., Ltd. (002177) with a turnover rate of 56.99% and a price increase of 10.06% [1] - C Qiang Yi (688809) with a turnover rate of 56.70% and a price increase of 13.62% [1] - C Heng Dong Guang (920045) with a turnover rate of 53.79% and a price increase of 878.16% [1]

Core Viewpoint - Five companies listed on the ChiNext board have announced performance forecasts for 2025, all indicating an increase in net profit [1] Group 1: Company Performance Forecasts - Tian Su (天溯) expects a net profit increase of 10.31% with a closing price of 86.70 yuan, experiencing a decline of 14.17% year-to-date [1] - N Xin Guang (N新广) anticipates a net profit increase of 10.00%, with no closing price provided [1] - Na Bai Chuan (纳百川) forecasts a net profit increase of 9.72% and a closing price of 79.58 yuan, down 30.80% year-to-date [1] - Xin Heng Hui (新恒汇) projects a net profit increase of 4.66% with a closing price of 65.96 yuan, up 57.49% year-to-date [1] - Nan Wang (南网) expects a net profit increase of 2.76% with a closing price of 18.85 yuan, up 2.00% year-to-date [1] Group 2: Industry Insights - The companies span various industries, including social services, basic chemicals, automotive, electronics, and computer technology [1]

Group 1 - The company held its 14th meeting of the first board of directors on December 30, 2025, with all six directors present, and the meeting complied with relevant laws and regulations [2][3][6] - The board approved the proposal to adjust the amount of funds to be invested in the fundraising projects, based on the company's current operational strategy and actual needs [3][10][14] - The adjustment will not change the intended use of the funds and will not harm the interests of shareholders, as the company will cover any shortfall with its own or self-raised funds [3][12][13] Group 2 - The company raised a total of RMB 631.77 million from its initial public offering, with a net amount of RMB 555.55 million after deducting issuance costs [10][11] - The adjustment of the investment amount in the fundraising projects is a prudent decision to ensure the smooth implementation of the projects [12][14][16] - The board and the audit committee unanimously agreed on the adjustment, and the sponsor provided a non-objection opinion regarding the matter [4][5][15][16]

Core Viewpoint - The company Nanbaichuan announced the convening of its first board meeting on December 30, 2025, to review and approve the proposal regarding adjustments to the amount of funds to be invested in fundraising projects [2] Group 1 - The first board meeting of Nanbaichuan was held via communication method [2] - The meeting focused on the adjustment of the amount of funds intended for investment in fundraising projects [2]

Core Viewpoint - The company is focusing on two core markets: power batteries and energy storage batteries, while also developing comprehensive thermal management solutions across various scenarios [1] Group 1 - The company is committed to deepening its engagement in the full-scenario thermal management market [1] - The company aims to construct a "mobile + fixed + special" full-scenario thermal management solution [1]

证券代码：301667 证券简称：纳百川 公告编号：2025-003 纳百川新能源股份有限公司 关于调整募集资金投资项目拟投入募集资金金额的 公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假 记载、误导性陈述或者重大遗漏。 纳百川新能源股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日召开 第一届董事会第十四次会议，审议通过了《关于调整募集资金投资项目拟投入募 集资金金额的议案》，同意对公司首次公开发行股票募集资金投资项目（以下简 称"募投项目"）拟投入募集资金金额进行调整，公司保荐人浙商证券股份有限公 司对本事项出具了无异议的核查意见。本次调整募投项目拟投入募集资金金额事 项无需提交公司股东会审议。现将有关情况公告如下： 一、募集资金的基本情况 经中国证券监督管理委员会出具的《关于同意纳百川新能源股份有限公司首 次公开发行股票注册的批复》（证监许可[2025]2101 号）同意注册，公司首次公 开发行人民币普通股（A 股）股票 2,791.74 万股，发行价格为人民币 22.63 元/ 股，本次发行募集资金总额为人民币 63,177.08 万元，扣除各项发行费用后， ...