Group 1: Dapeng Industrial (920091.BJ) - Dapeng Industrial is a leading manufacturer of specialized intelligent equipment for industrial precision cleaning, primarily serving the automotive and new energy sectors [2][4] - The company aims to leverage its existing technology and market resources to expand into machine vision detection products, creating a second growth curve [2][4] - The initial public offering (IPO) price is set at 9.00 CNY per share, with a projected market capitalization yet to be disclosed [3] - The company has established long-term partnerships with major automotive manufacturers such as BYD, Changan, and Geely, which contributes to its stable customer base [5] - Financial data shows that accounts receivable from 2022 to mid-2025 were 89.63 million CNY, 83.68 million CNY, 130.99 million CNY, and 109.95 million CNY respectively, indicating a significant portion of sales revenue tied up in receivables [5] Group 2: Fengbei Biological (603334.SH) - Fengbei Biological focuses on the comprehensive utilization of waste oil resources, with its main products being bio-based materials and biofuels [6][8] - The IPO price is set at 24.49 CNY per share, with a market capitalization of 3.514 billion CNY [7] - The company has achieved significant growth in revenue, with figures of 1.709 billion CNY, 1.728 billion CNY, and 1.948 billion CNY for 2022 to 2024, reflecting year-on-year growth rates of 31.89%, 1.12%, and 12.75% respectively [9] - Fengbei has established a strong customer base, including global trading firms like TRAFIGURA and CARGILL, enhancing its market position [8] - The company holds 135 patents, including 33 domestic invention patents, indicating a strong focus on innovation [8]