新恒汇电子股份有限公司 募集资金置换专项鉴证报告 ll 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.eov.cn）"进行查询 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://aco.mof.eov.cn）"进行查询。 【 新恒汇电子股份有限公司 募集资金置换专项鉴证报告 | 项次 | 目求 | | --- | --- | | 募集资金置换专项鉴证报告 | 1-2 | | 关于以募集资金置换预先投入募投项目自筹资金 | 1-3 | | 和己支付发行费用的专项说明 | | 新恒汇电子股份有限公司 募集资金置换专项鉴证报告 信会师报字|2025]第 ZA14732 号 三、工作概述 我们按照《中国注册会计师其他鉴证业务准则第 3101 号——历 史财务信息审计或审阅以外的鉴证业务》的规定执行了鉴证业务。该 准则要求我们遵守职业道德规范,计划和实施鉴证工作,以对专项说 明是否在所有重大方面按照中国证券监督管理委员会《上市公司募集 资金监管规则》(证监会公告〔2025〕10 号)和《深圳证券交易所上 市公司自律监管指引第 2 号——创业板上市公司规范运 ...

方正证券承销保荐有限责任公司 关于新恒汇电子股份有限公司 使用部分闲置募集资金及自有资金进行现金管理的核查意见 方正证券承销保荐有限责任公司（以下简称"方正承销保荐""保荐人"）作 为新恒汇电子股份有限公司（以下简称"新恒汇""公司"）首次公开发行股票并 在创业板上市的保荐人，根据《证券发行上市保荐业务管理办法》《上市公司募 集资金监管规则》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》等有关法律法规和规范 性文件的要求，对新恒汇使用部分闲置募集资金及自有资金进行现金管理的事项 进行了审慎核查，并发表如下意见： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意新恒汇电 子股份有限公司首次公开发行股票注册的批复》（证监许可〔2025〕525 号）文件 批复同意，公司获准向社会公众发行人民币普通股（A 股）股票 5,988.8867 万股， 发行价格为 12.80 元/股，本次发行募集资金总额为人民币 76,657.75 万元，扣除 发行费用 8,461.17 万元（不含增值税）后，募集资金净额为 68,196.5 ...

证券代码：301678 证券简称：新恒汇 公告编号：2025-004 新恒汇电子股份有限公司 关于使用募集资金置换预先投入募投项目及已支付 发行费用的自筹资金的公告 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。 新恒汇电子股份有限公司（以下简称"公司"）于 2025 年 7 月 18 日召开了 第二届董事会第十次会议及第二届监事会第七次会议，审议通过了《关于使用募 集资金置换预先投入募投项目及已支付发行费用的自筹资金的议案》，同意公司 使用募集资金置换预先投入募投项目及已支付发行费用的自筹资金，合计置换金 额为人民币 191,965,845.91 元。其中，置换以自筹资金预先投入募投项目金额 169,944,233.84 元，置换以自筹资金预先支付部分发行费用（不含增值税）金额 22,021,612.07 元。现将相关事项公告如下： 一、募集资金基本情况 此次募集资金到账前，公司以自筹资金预先投入募集资金投资项目的实际投 资金额为 169,944,233.84 元，本次拟置换金额为 169,944,233.84 元，具体情况如 下： （二）以自筹资金预先支付 ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Xinhenghui, a semiconductor company, which has a current PE ratio of 73.89, significantly lower than the industry average of 102.39 [1][3] - As of June 20, 2025, Xinhenghui has 53,364 shareholders, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The company specializes in chip packaging materials, with key products including smart card business, etching lead frames, and IoT eSIM chip testing [2] Group 2 - In the latest quarterly report for Q1 2025, Xinhenghui reported revenue of 241 million yuan, a year-on-year increase of 24.71%, while net profit was 51.32 million yuan, reflecting a year-on-year decrease of 2.26% [2] - The gross profit margin for the company stands at 32.53% [2] - Xinhenghui ranks 116th in the semiconductor industry based on PE ratio, indicating a relatively lower valuation compared to its peers [1][3]

Summary of Key Points Core Viewpoint The Chinese IPO market is showing signs of recovery in the first half of 2025, with a total of 94 new listings in A-shares and Hong Kong stocks, indicating a positive trend in capital market expansion, particularly for companies from Shandong province. Group 1: IPO Market Overview - As of June 2025, a total of 94 new companies were listed in A-shares and Hong Kong stocks, with A-shares contributing 51 new listings and raising 37.355 billion yuan, representing a year-on-year increase of approximately 16% in the number of new stocks and 15% in total financing compared to 2024 [1] - Shandong province contributed three new listings: Weigao Blood Purification (603014.SH), Xinhenghui (301678.SZ) in A-shares, and Nanshan Aluminum International (02610.HK) in Hong Kong [1] Group 2: Weigao Blood Purification - Weigao Blood Purification officially listed on the Shanghai Stock Exchange on May 19, 2025, with an issue price of 26.5 yuan per share, raising 1.09 billion yuan [2] - The stock price closed at 41.41 yuan per share on the first day, a 56.26% increase from the issue price, with a market capitalization reaching 17.036 billion yuan [2] - The company is a leader in the blood purification sector, focusing on the development, production, and sales of medical products, and has established a strong technological barrier with 257 domestic patents [2][3] Group 3: Xinhenghui Electronics - Xinhenghui Electronics was listed on the ChiNext board on June 20, 2025, with an issue price of 12.80 yuan per share, successfully raising 767 million yuan [5] - The company is a leader in smart card packaging materials, with a global market share of 30%, ranking second worldwide [5][6] - From 2021 to 2023, Xinhenghui's revenue grew from 548 million yuan to 767 million yuan, with a compound annual growth rate of 18.28% [6] Group 4: Nanshan Aluminum International - Nanshan Aluminum International, the only Shandong company listed in Hong Kong, focuses on high-end aluminum supply chain and has become the first aluminum company listed in Southeast Asia [9] - The company opened at 26.60 HKD but closed at 25.25 HKD on the first day, a decrease of 5.08%, although the stock price increased by 28.57% by the end of June [9][10] - From 2021 to 2023, Nanshan's revenue surged from 173 million USD to 678 million USD, with a net profit increase from 39.71 million USD to 174 million USD [10] Group 5: Other Companies and Trends - Several other Shandong companies are planning to list in Hong Kong, including Goer Microelectronics and Tianyue Advanced, indicating a trend of Shandong enterprises expanding into international markets [10][11] - The capital market in Shandong is experiencing both new listings and some companies opting for voluntary delisting, such as Yulong Gold [13][14] - The overall landscape of Shandong's capital market is characterized by a mix of growth and restructuring, with a focus on high-end manufacturing and technology sectors [15]

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: New Listings and Market Performance - Xin Henghui successfully listed on the Shenzhen Stock Exchange on June 20, becoming the second new A-share listed company in Shandong this year and the first from Zibo [2][3] - As of June, there are 16 companies in Shandong awaiting IPO approval, with 13 updating their review status [4][6] - In June, 222 stocks from Shandong experienced an upward price trend, with Taihe Technology showing the highest increase of 76.05% [2][15][18] Group 2: Company Financials and Business Overview - Xin Henghui, established in 2017, specializes in chip packaging materials and reported revenues of 684 million yuan, 767 million yuan, and 842 million yuan for 2022 to 2024, reflecting a compound annual growth rate of 10.97% [2][3] - The company's net profits for the same period are projected to be 110 million yuan, 152 million yuan, and 186 million yuan, indicating strong operational performance [2] - The smart card business remains Xin Henghui's core revenue source, contributing 84.45%, 78.35%, and 69.28% to its main business income from 2022 to 2024 [2] Group 3: Market Capitalization and City Distribution - As of June 30, the total market capitalization of Shandong's 309 A-share listed companies reached 38,445.71 billion yuan, with Yantai, Qingdao, and Jinan holding the top three positions [10][13] - The market capitalization ranking among cities saw Yantai surpass Qingdao, with Yantai at 8,183.91 billion yuan and Qingdao at 8,040.13 billion yuan [13] - The top ten listed companies in Shandong have a combined market capitalization of 13,154.85 billion yuan, with seven companies exceeding 1,000 billion yuan [13][20]

Group 1 - The core business of the company is the research, production, sales, and packaging testing services of chip packaging materials, with main products including smart card business, etched lead frames, and IoT eSIM chip packaging [2] - As of June 20, 2025, the company had 53,364 shareholders, an increase of 53,346 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] - The company's latest quarterly report for Q1 2025 shows a revenue of 241 million yuan, a year-on-year increase of 24.71%, and a net profit of 51.32 million yuan, a year-on-year decrease of 2.26%, with a gross profit margin of 32.53% [2] Group 2 - The company's current rolling price-to-earnings (PE) ratio is 70.45, while the average PE ratio for the semiconductor industry is 101.08, and the industry median is 68.50, placing the company at the 112th position in the industry ranking [1][3] - The company is a member of the "China Semiconductor Industry Association Financial Security IC Card Chip Migration Industry Promotion Alliance" and has received various awards for its contributions to the field [2] - The company has been involved in significant projects, including the "High-Precision Lead Frame R&D and Industrialization Project" selected for Shandong Province's key R&D plan in 2019 [2]

Market Performance - The ChiNext Index rose by 2.39%, closing at 2181.08 points, with a total trading volume of 436.544 billion yuan, an increase of 90.032 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 1167 stocks closed higher, with 15 stocks rising over 10%, including Xinling Electric, International Composite Materials, and Shouhang New Energy, which hit the daily limit [1] - The average turnover rate for the ChiNext today was 4.34%, with 67 stocks having a turnover rate exceeding 20% [1] High Turnover Stocks - In the high turnover stocks, 49 stocks increased in value today, with Xinling Electric, Shouhang New Energy, and Yihua New Materials closing at the daily limit [2] - The power equipment sector had the most stocks with a turnover rate exceeding 20%, totaling 10 stocks, followed by the electronics and computer sectors, each with 9 stocks [2] Institutional Activity - Seven high turnover ChiNext stocks appeared on the Dragon and Tiger List, with six stocks showing institutional activity [3] - Among these, Zhongyi Technology had four institutional special seats, with a total net purchase of 24.4925 million yuan, while Longyang Electronics had a net sell of 3.1228 million yuan [3] Capital Flow - Among high turnover stocks, 40 stocks experienced net inflows of main funds, with significant inflows into Kela Software, Tianyang Technology, and Shouhang New Energy, amounting to 291 million yuan, 221 million yuan, and 194 million yuan respectively [4] - The stocks with the highest expected net profit growth include Hanyu Pharmaceutical, with an expected net profit median of 152 million yuan, representing a year-on-year increase of 1567.36% [4] Key Stocks Overview - Xinling Electric closed at 38.09 yuan with a daily increase of 20.01% and a turnover rate of 73.19% [5] - Shouhang New Energy closed at 36.00 yuan with a daily increase of 20.00% and a turnover rate of 49.62% [5] - Zhongyi Technology closed at 50.30 yuan with a daily decrease of 1.80% and a turnover rate of 54.32% [5]

Company Overview - New Henghui closed at 51.7 yuan on July 4, down 4.17%, with a rolling PE ratio of 67.02 times and a total market value of 12.385 billion yuan [1] - The company's main business includes research, production, sales, and packaging testing services for chip packaging materials, with key products being smart card business, etched lead frames, and IoT eSIM chip testing [1] - New Henghui has a team of experienced R&D and production personnel and has established national standards for integrated circuit (IC) card packaging frames [1] Financial Performance - In the first quarter of 2025, the company achieved operating revenue of 241 million yuan, a year-on-year increase of 24.71%, while net profit was 51.3165 million yuan, a year-on-year decrease of 2.26%, with a gross profit margin of 32.53% [2] - The company's PE (TTM) is 67.02, while the industry average is 100.04, and the industry median is 67.24 [2] Market Position - New Henghui ranks 106th in the semiconductor industry based on PE ratio, with the industry average PE at 100.04 and the median at 67.24 [1] - The company has experienced a net outflow of main funds amounting to 57.9208 million yuan on July 4, with a total outflow of 239.0313 million yuan over the past five days [1]