明天A股两家新股申购！分别为泽润新能、天工股份

Group 1: ZERUN New Energy - ZERUN New Energy specializes in photovoltaic module junction boxes, with over 94% of its revenue derived from this segment during the reporting period [4][6][9] - The company has a significant reliance on a single customer, with over 50% of its gross profit coming from Customer A during the reporting period [8][9] - ZERUN's revenue for the years 2022, 2023, and 2024 was approximately 522 million, 844 million, and 876 million CNY, respectively, with a declining gross margin trend [9] Group 2: TIANGONG Co., Ltd. - TIANGONG Co., Ltd. focuses on the production, research, and sales of titanium and titanium alloy materials, with a significant portion of its revenue coming from wire products [11][13] - The company's revenue for the years 2022, 2023, and 2024 was approximately 383 million, 1.035 billion, and 801 million CNY, respectively, with a notable spike in 2023 due to the application of titanium in consumer electronics [15] - TIANGONG faces substantial customer dependency risks, with a significant portion of its revenue derived from a few major clients, particularly in the consumer electronics sector [15][16]