Zhong Guo Jing Ji Wang·2025-06-04 23:21Summary of Key Points Core Viewpoint - In the first five months of 2025, a total of 43 companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 28.166 billion yuan in funds [1]. Group 1: Listing and Fundraising - Among the 43 listed companies, 15 were on the main board, 18 on the ChiNext board, 6 on the Sci-Tech Innovation board, and 4 on the Beijing Stock Exchange [1]. - The top fundraising company was Tianyouwei, which raised 3.740 billion yuan, followed by Kaifa Technology and Xingfu Electronics, which raised 1.169 billion yuan and 1.168 billion yuan respectively [1]. Group 2: Underwriting and Sponsorship Fees - A total of 25 securities firms participated in the underwriting and sponsorship of the newly listed companies, earning a combined fee of 2.076 billion yuan [2]. - Huatai United Securities ranked first in underwriting fees, earning 254.4657 million yuan by sponsoring five companies [2]. - CITIC Securities and Guotai Junan ranked second and third in underwriting fees, earning 207.0626 million yuan and 202.9983 million yuan respectively [2]. Group 3: Detailed Underwriting Performance - The top five securities firms collectively earned 1.015 billion yuan, accounting for 48.89% of the total underwriting fees for the period [4]. - Other notable firms included Dongxing Securities, CICC, Huatai Securities, and Tianfeng Securities, which ranked sixth to tenth in underwriting fees [4]. Group 4: Summary of Underwriting Fees by Firm - A detailed table shows the number of companies sponsored and the corresponding underwriting fees for each firm, with Huatai United Securities leading with five companies and 254.4657 million yuan [5][6].