本周IPO审3过3，合计拟募资35.78亿元！红板科技创近两年主板IPO审核最快纪录

Core Viewpoint - Hongban Technology has set a record for the fastest IPO review on the A-share main board in nearly two years, with only 125 days from application to approval [1] IPO Review Results - Three companies were reviewed for IPO this week (October 27-31), all of which were approved, with a total fundraising amount of 3.578 billion yuan [2][3] - Hongban Technology's IPO was approved with a fundraising target of 2.056 billion yuan [3] Company Financial Performance - Hongban Technology achieved revenues of 2.205 billion yuan, 2.340 billion yuan, and 2.702 billion yuan from 2022 to 2024, with net profits of 120 million yuan, 87.038 million yuan, and 194 million yuan respectively [10][11] - The company has a strong profitability despite fluctuations in net profit [10] Market Position and Industry Representation - Hongban Technology focuses on the research, production, and sales of printed circuit boards (PCBs), particularly in the high-density interconnect (HDI) board segment, which has a significant revenue share [10][12] - The company ranks 35th in the CPCA's 2024 list of top PCB companies in China and 58th in the global ranking by Prismark [11] Product Composition and Market Segmentation - The majority of Hongban Technology's revenue comes from the consumer electronics sector, which accounted for 57.66% of total revenue in the first half of 2025 [13] - The company is expanding into high-end display and automotive electronics markets, leveraging its technological capabilities and market opportunities [14][15] Regulatory Scrutiny and Responses - The company faced multiple inquiries regarding its industry representation, product structure, and market position during the IPO review process [10][18] - Hongban Technology provided detailed responses about its competitive advantages, production capacity, and fixed asset investments compared to peers [19][20] Fixed Asset and Investment Analysis - The company has a higher fixed asset investment per unit of production compared to its peers, which has drawn regulatory attention [18][21] - Hongban Technology's fixed asset turnover rate is lower than the industry average due to the complexity and high technical requirements of its products [21]