国内冷链智能装备“小巨人”申购，3只新股上市

New IPOs and Listings - A new IPO for Jingchuang Electric (920035.BJ) is available for subscription on November 18, focusing on smart control systems for cold chain equipment and monitoring instruments for pharmaceuticals and food [1] - Three new stocks are listed: Nanfang Digital (301638.SZ) on the ChiNext board, Hengkun New Materials (688727.SH) on the Sci-Tech Innovation Board, and Beikong Testing (920160.BJ) on the Beijing Stock Exchange [1] Jingchuang Electric - Jingchuang Electric specializes in the R&D, production, and sales of smart control devices for cold chain equipment, and is recognized as a national high-tech enterprise and a "little giant" [1] - The company plans to invest 1.10 billion yuan (62.86%) in core production line upgrades and 0.65 billion yuan (37.14%) in the development of smart instrument R&D centers and cold cloud platforms [3] - As of November 17, the company has participated in the formulation of 38 national and industry standards, establishing a significant position in cold chain control and monitoring technology [3] - Jingchuang Electric holds a market share of 13.13% in China's cold chain temperature and humidity control market and 4.64% globally, ranking first domestically and among the top globally [4] Nanfang Digital - Nanfang Digital provides comprehensive digital construction solutions for the electric power and energy sectors, focusing on the digital transformation of the electric power industry [5] - The company has developed key technologies such as the "Dihong" IoT operating system and the "Fuxi" dedicated control chip for the power industry, contributing to the independence of core chips in energy control [5][6] - In the first half of 2025, Nanfang Digital's revenue from digital grid services was 755.14 million yuan, accounting for 48.64% of total revenue [6] Hengkun New Materials - Hengkun New Materials focuses on the R&D and industrial application of key materials for integrated circuits, being one of the few companies capable of producing 12-inch wafer manufacturing materials [7] - The company's self-produced product sales revenue increased from 123.58 million yuan in 2022 to 344.19 million yuan in 2024, with a rising proportion of total revenue [7][8] - Hengkun New Materials has established a strong presence in the domestic market, with an estimated market share exceeding 10% for its SOC products [8] Beikong Testing - Beikong Testing, established in 2016, is a leading institution in the R&D and service of non-ferrous metal testing technology, with a comprehensive range of services [9] - The company is involved in the formulation of numerous national and international standards in the field of mineral testing [9] - Despite its leading market position, Beikong Testing warns of risks related to market space limitations and potential declines in performance due to fluctuations in the mining industry [10]