Zhong Guo Jing Ji Wang·2025-08-03 23:20Summary of Key Points Core Viewpoint - In the first seven months of 2025, a total of 59 companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 59.116 billion yuan in funds, indicating a robust IPO market activity in China [1]. Group 1: Listing and Fundraising - 22 companies were listed on the main board, 22 on the ChiNext, 8 on the Sci-Tech Innovation Board, and 7 on the Beijing Stock Exchange [1]. - Huadian New Energy was the top fundraiser, raising 15.801 billion yuan, followed by Zhongce Rubber and Tianyouwei, which raised 4.066 billion yuan and 3.740 billion yuan respectively [1]. Group 2: Underwriting and Sponsorship - A total of 29 securities firms participated in the underwriting and sponsorship of the newly listed companies, earning a combined underwriting fee of 3.022 billion yuan [1]. - CITIC Securities ranked first in underwriting fees, earning 33.53908 million yuan by sponsoring five companies, including Huazhi Jie and Zhongce Rubber [1][2]. Group 3: Ranking of Securities Firms - Guotai Junan and Huatai United ranked second and third in underwriting fees, earning 32.7939 million yuan and 27.33005 million yuan respectively [2]. - The top five securities firms collectively earned 1.398 billion yuan, accounting for 46.26% of the total underwriting fees for the period [4]. Group 4: Detailed Breakdown of Underwriting Fees - The detailed ranking of underwriting fees for the top ten firms includes: - CITIC Securities: 25.07999 million yuan - CICC: 21.06512 million yuan - Shenwan Hongyuan: 17.13057 million yuan - Dongxing Securities: 16.60941 million yuan - Minsheng Securities: 14.0264 million yuan [4][6].