下周审核4家IPO，均于在审期间调减拟募资规模；恒坤新材暂缓审议后迎二次上会

IPO Overview - Four companies are scheduled for IPO review next week (August 25-29), aiming to raise a total of 2.901 billion yuan [1] - The companies include: - Nabai Chuan (72.9 million yuan) in the automotive manufacturing sector [1] - Hengkun New Materials (1.006695 billion yuan) in the computer and communication equipment manufacturing sector [1] - Taijin New Energy (989.9503 million yuan) in the specialized equipment manufacturing sector [1] - Jingchuang Electric (175 million yuan) in the instrumentation manufacturing sector [1] Company Specifics Nabai Chuan - Nabai Chuan's IPO was previously postponed on July 25, 2022, and is now being reviewed for the second time [2] - The company reduced its fundraising target from 829 million yuan to 729 million yuan, removing the expansion project for its production base [2][5] - The company focuses on thermal management products for new energy vehicles and fuel vehicles [14] Hengkun New Materials - Hengkun New Materials is engaged in the research and production of key materials for integrated circuits, with a focus on photolithography and precursor materials [18] - The company reduced its fundraising target from 1.2 billion yuan to 1.007 billion yuan, eliminating the SiARC development project [5][7] - The company has a significant market presence in the 12-inch integrated circuit wafer manufacturing sector [18] Taijin New Energy - Taijin New Energy specializes in high-end green electrolysis equipment and titanium electrodes, with applications in various high-tech fields [22] - The company plans to raise 1 billion yuan, down from an initial target of 1.5 billion yuan, by removing the supplementary working capital project [7][23] - The company is recognized as a leader in providing solutions for electronic circuit copper foil production lines [22] Jingchuang Electric - Jingchuang Electric's IPO fundraising target was reduced from 250 million yuan to 175 million yuan, with the marketing network construction project removed [7][25] - The company specializes in smart controllers for cold chain equipment and environmental monitoring instruments [25] Financial Performance Nabai Chuan - The company reported a net profit of 95.4288 million yuan in the last year [1] - Total assets reached 1.9813748 billion yuan as of March 31, 2025 [16] Hengkun New Materials - The company achieved a net profit of 96.9111 million yuan in the last year [20] - Total assets were valued at 2.6453663 billion yuan as of December 31, 2024 [20] Taijin New Energy - The company reported a net profit of 195.3893 million yuan in the last year [23] - Total assets reached 3.7497225 billion yuan as of December 31, 2024 [23] Jingchuang Electric - The company reported a net profit of 25 million yuan in the last year [25] - Total assets were valued at 533.119 million yuan as of December 31, 2024 [27]